Bank of Baroda to reduce its base rate & BPLR With effect from 01 May 2012 Bank of Baroda has decided to reduce its deposit rates by 25 to 50bps in various maturities and its base rate and BPLR by 25 bps each with effect from 01 May 2012 to revive the sagging investment sentiment in the country. With this, the bank's base rate will be at 10.50% and BPLR at 14.75% with effect from 01 May 2012.