*Please note quotes shown will be from Our Partners

Fixed Deposit

Bank of Baroda offers Fixed Deposit schemes to individuals both for a short term period as well as for a long term period. There are different types of schemes offered by the bank with varied features and attractive rates of interest. Let us have a look at the various schemes on offer:
 

Bank of Baroda FD Rates 2017

Bank of Baroda Interest Rate on Term Deposits & NRO Deposits
 

FD Tenure

Interest Rates (in %)

7 days to 14 days 4.50%
15 days to 45 days 4.50%
46 days to 90 days 5.75%
91 days to 180 days 6.25%
181 days to 270 days 6.30%
271 days & above and less than 1 year 6.40%
1 year 6.60%
Above 1 year and upto 2 Years 6.65%
Above 2 Years and upto 3 Years 6.50%
Above 3 Years and upto 5 Years 6.50%
Above 5 Years and upto 10 Years 6.50%

Note: Bank of Baroda does not offer additional interest rates for senior citizens and staff members. The rates mentioned above are for deposits made below Rs 1 crore.
 

Types of Fixed Deposit Schemesbank of baroda fd rates

  • Short Deposit
  • Baroda Maha Utsav Deposit Scheme
  • Fast Access Deposit Scheme
  • BOB Suvidha Fixed Deposit Scheme 
  • Regular Income Plan
  • Monthly Income Plan
  • Regular Income cum Recurring Deposit
  • Term Deposit
  • Baroda Tax Saving Term Deposit
  • Recurring Deposit

Bank of Baroda Short Deposit

Bank of Baroda Short Fixed Deposit for a short tenure of less than 12 months with the following features:
 

  • Overdraft or loan against deposits is allowed up to a maximum of 95%
  • Interest rate on the borrowed amount is 1.5% over the deposit rate with monthly
  • Deposit is accepted as a security by Government departments and also as a margin for non-fund based facilities
  • Nomination facility is available
  • Minimum deposit amount is Rs.1000
  • Minimum deposit tenure is 7 days
  • Senior citizens are allowed 0.50% extra rate of interest for deposits above Rs.10, 000
  • If interest earned is more than Rs.10, 000, it will be subject to TDS

Bank of Baroda Maha Utsav Fixed Deposit Scheme

Bank of Baroda Maha Utsav Fixed Deposit Scheme for the Festive Season.

Bank of Baroda Double Dhamaka Deposit Scheme

A Bank of Baroda Double Dhamaka fixed deposit scheme from bank of baroda where the maturity proceeds are more than double the original investment. The features are:
 

  • Individuals (single or joint) can open the account
  • Interest rate for general public is 7.30% and for senior citizens is 7.80%
  • Minors above the age of 10 years can open the account with a guardian
  • Account can be opened in the name of clubs, associations, educational institutions, partnership and joint stock companies and any other institutions
  • Minimum deposit amount is Rs.5000
  • Premature withdrawal facility available at nominal charges
  • Nomination facility is available
  • TDS will be applicable on the earned interest as per the rules
  • Overdraft or loan against deposits is allowed

Bank of Baroda Fast Access Deposit Scheme

A scheme providing liquidity with the following features:
 

  • Overdraft or loan against deposits are allowed
  • Minimum deposit amount is Rs.10, 000
  • Minimum deposit tenure is 12 months
  • Nomination facility is available
  • Interest is calculated on a compounded basis quarterly
  • Deposits can be withdrawn prematurely without any penalty
  • TDS is applicable on interest earned

Bank of Baroda Suvidha Fixed Deposit Scheme

A flexible deposit scheme with the following benefits:
 

  • Partial withdrawal facility in the multiples of Rs.1000
  • Senior citizens are allowed 0.50% extra rate of interest
  • Overdraft and loan against deposits is allowed
  • Minimum deposit amount is Rs.5000
  • Minimum deposit tenure is 12 months
  • Nomination facility is available
  • Interest is calculated on a compounded basis every quarter
  • Deposits can be withdrawn prematurely without any penalty
  • TDS is applicable on interest earned

Bank of Baroda Regular Income Plan

A deposit plan which promises regular incomes monthly, quarterly or half-yearly. The features are as follows:
 

  • Overdraft or loan against deposits is allowed
  • Senior citizens are allowed 0.50% above base interest rate
  • Minimum amount of deposit is Rs.1000
  • Minimum deposit tenure is 12 months
  • Nomination facility is available
  • Interest is calculated on a compounded basis quarterly
  • Deposits can be withdrawn prematurely without any penalty
  • TDS is applicable on interest earned

Bank of Baroda Monthly Income Plan

A deposit scheme which provides regular interest income monthly. The features are:
 

  • Overdraft or loan against deposits is allowed
  • Senior citizens are allowed 0.50% above the base interest rate
  • Minimum deposit amount is Rs.1000
  • Minimum deposit tenure is 12 months and the maximum is 10 years
  • Nomination facility is available
  • Interest is calculated on a compounded basis quarterly
  • Deposits can be withdrawn prematurely without any penalty
  • TDS is applicable on interest earned

Bank of Baroda Regular Income cum Recurring Deposit

A plan promising regular income with the following features:
 

  • Overdraft or loan against deposits is allowed
  • Senior citizens are allowed 0.50% above the base interest rate
  • Minimum amount of deposit is Rs.1000
  • Minimum deposit tenure is 12 months and maximum tenure is 10 years
  • Nomination facility is available
  • Interest is calculated on a compounded basis quarterly
  • Deposits can be withdrawn prematurely without any penalty
  • TDS is applicable on interest earned

Bank of Baroda Term Deposit

A fixed deposit scheme for longer tenures. The features are as follows:
 

  • Overdraft or loan against deposits is allowed
  • Deposits are accepted as a security by Government departments
  • Deposits can be withdrawn prematurely without any penalty
  • Nomination facility is available
  • Minimum amount of deposit is Rs.1000
  • Minimum tenure of deposit is 12 months
  • Senior citizens are given a 0.50% higher rate of interest

Bank of Baroda Tax Saving Term Deposit

A deposit scheme designed to save tax under Section 80C. the features are:
 

  • Minimum tenure of deposit is 5 years
  • Minimum amount of deposit is Rs.100
  • Interest Rate for deposits of 5 years – 7.40% and for deposits of 5 – 10 years – 7.40%
  • Premature withdrawal of the deposit is not allowed before the completion of 5 years except in case of death of the depositor
  • Loan or overdraft cannot be availed against the deposit
  • TDS is applicable on the interest earned
  • Nomination facility is available
  • All resident individuals (single or jointly) and HUFs can open this account.

Bank of Baroda Recurring Deposit

A scheme where deposit is required to be made monthly. The features are as follows:
 

  • Overdraft or loan against deposits is allowed
  • Nomination facility is available
  • Minimum amount of deposit is Rs.100
  • Minimum tenure of deposit is 6 months
  • Interest is compounded quarterly and paid on maturity with the principal amount
  • Premature withdrawal of the deposit is allowed

Bank of Baroda Other Deposit Schemes

  • Baroda Samriddhi Quarterly Recurring Deposit
  • Baroda Samriddhi Half-yearly Recurring Deposit
  • YathaShakthi Jama Yojana

Bank of Baroda Fixed Deposit Calculator

Before investing in a fixed deposit scheme, a depositor should use the FD calculator to find out the maturity amount payable at the completion of tenure. This calculation helps depositors to plan their investments wisely to increase the interest amount received after maturity.

For all reinvestment schemes, users should use the compound interest calculator to check the maturity amount they will receive in the end. Paisabazaar provides a range of calculators to users who can check their interest and maturity amount before investing. Users can also use the Bank of Baroda fixed deposit calculator and just enter the principal amount and tenure to get the results without entering the interest rates. It helps in getting exact amount even if they do not know the rate of interest offered by the bank for a specific scheme.

Bank of Baroda Fixed Deposit
(4/5 ) 5 Reviews
Fixed DepositFixed Deposit
4/5

Good option for senior citizens

I opened a fixed deposit in Bank of Baroda for senior citizens. My plan was for 5 years and it offered the interest rate of 7.9% p.a. I chose the option of monthly payment of interest and now the interest is credited to my account every month like a ..Read more...

Male Profile Pic
Posted on: Aug 23 , 2017
Fixed DepositFixed Deposit
4/5

Excellent service

I opened my fixed deposit in Bank of Baroda for 2 years at 7.4% p.a. interest rate. The bank provided excellent services as I got the FD opened in minutes. The documentation was quick and I also got the facility to view and track my interests and FD ..Read more...

Male Profile Pic
Posted on: Aug 22 , 2017
Fixed DepositFixed Deposit
4/5

Impressive Interest Rate

The bank has very impressive interest rates. I booked FD for my father under senior citizens scheme and the bank offered 8.1% interest rate on my 2 year deposit. It is the highest interest rate offered by any bank today. The processing was also very ..Read more...

Male Profile Pic
Posted on: Aug 21 , 2017
Fixed DepositFixed Deposit
4/5

Quick to open and smooth processing

I opened a fixed deposit of Bank of Baroda at 7.4% for 3 years by investing Rs 3 lakh. The fixed deposit was opened in no time and the initial processing was also very smooth and fast. Already have my salary account in Bank of Baroda and I had to ju..Read more...

Male Profile Pic
Posted on: Aug 18 , 2017
Get Free Credit Report