Bank of Baroda offers fixed deposit schemes to individuals both for a short-term period as well as for long terms. 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 Bank of Baroda Fixed Deposit schemes in detail.
Bank of Baroda FD Rates 2019
Bank of Baroda Fixed Deposit Interest Rate
Tenure | Bank of Baroda Fixed Deposit Interest Rate | |
Regular Citizens | Senior Citizens | |
7 days to 14 days | 4.50% | 5.00% |
15 days to 45 days | 4.75% | 5.25% |
46 days to 90 days | 5.00% | 5.50% |
91 days to 180 days | 5.75% | 6.25% |
181 days to 270 days | 6.50% | 7.00% |
271 days & above and less than 1 year | 6.50% | 7.00% |
1 year | 6.70% | 7.20% |
Above 1 year to 400 days | 6.85% | 7.35% |
Above 400 days and up to 2 years | 6.80% | 7.30% |
Above 2 years and up to 3 years | 6.70% | 7.20% |
Above 3 years and up to 5 years | 6.70% | 7.20% |
Above 5 years and up to 10 years | 6.70% | 7.20% |
Note – Above interest rates are applicable on deposits below ₹ 1 Cr. w.e.f. November 1, 2018, deposits below Rs. 1 crore.
NRE (Non Resident External) Fixed Deposit Interest Rates
Tenure |
Interest Rate on Fixed Deposits of up to less than Rs. 1 crore |
1 year | 6.65% |
Above 1 year to 400 days | 6.75% |
Above 400 days and upto 2 years | 6.70% |
Above 2 years and upto 3 years | 6.60% |
Above 3 years and upto 5 years | 6.70% |
Above 5 years and upto 10 years | 6.60% |
Note- Interest rates on NRO (Non Resident Ordinary) term deposits are same as those applicable on domestic term deposits.
FCNR (Foreign Currency Non-Resident) Fixed Deposit Interest Rates*
Tenure |
USD |
GBP |
EUR |
YEN |
CAD |
AUD |
1 year to less than 2 years | 3.41 | 1.33 | 0.00 | 0.25 | 2.85 | 2.48 |
2 years to less than 3 years | 3.58 | 1.62 | 0.06 | 0.27 | 2.93 | 2.51 |
3 years to less than 4 years | 3.87 | 1.73 | 0.21 | 0.30 | 2.99 | 2.56 |
4 years to less than 5 years | 3.87 | 1.80 | 0.34 | 0.32 | 3.03 | 2.80 |
5 years | 3.88 | 1.87 | 0.48 | 0.35 | 3.06 | 2.87 |
Note –*The interest rates on FCNR term deposits are applicable up to September 30, 2018. All figures in % per annum.
Types of Bank of Baroda Fixed Deposit Schemes
- Bank of Baroda Short Deposit
- Baroda Maha Utsav Deposit Scheme
- Bank of Baroda Fast Access Deposit Scheme
- BOB Suvidha Fixed Deposit Scheme
- Bank of Baroda Regular Income Plan
- Bank of Baroda Monthly Income Plan
- Regular Income cum Recurring Deposit
- Bank of Baroda Term Deposit
- Baroda Tax Saving Term Deposit
- Bank of Baroda Recurring Deposit
Bank of Baroda Short Deposit
Bank of Baroda Short Term Fixed Deposit is made for a short tenure of less than 12 months. It has the following features:
Features of Bank of Baroda Short Term Fixed Deposits |
|
|
|
|
|
|
|
Bank of Baroda Maha Utsav Fixed Deposit Scheme
Bank of Baroda Maha Utsav Fixed Deposit Scheme for the Festive Season.
Bank of Baroda Fast Access Deposit Scheme
Bank of Baroda Fast Access Deposit Scheme allows a depositor to invest his savings and also be able to liquidate funds even from the very first day. Features of the scheme are mentioned below:
Features of Bank of Baroda Fast Access Deposit Scheme |
|
|
|
|
|
|
|
|
|
Bank of Baroda Suvidha Fixed Deposit Scheme
Bank of Baroda Suvidha Fixed Deposit Scheme not only provides high returns but also ensures the depositor gets high liquidity on savings. Some of the important features of the scheme are as follows:
Features of Bank of Baroda Suvidha Fixed Deposit Scheme |
|
|
|
|
|
|
|
|
|
|
Bank of Baroda Regular Income Plan
Bank of Baroda Regular Income Plan promises regular income monthly, quarterly or half-yearly. Features of the scheme are as follows:
Features of Bank of Baroda Regular Income Plan |
|
|
|
|
|
|
|
|
Bank of Baroda Monthly Income Plan
Bank of Baroda Monthly Income Plan allows the depositor to earn monthly income in the form of interests. Features of this scheme are as follows:
Features of Bank of Baroda Monthly Income Plan |
|
|
|
|
|
|
|
|
|
|
Bank of Baroda Term Deposit
Bank of Baroda Term Deposit is a fixed deposit scheme for longer tenure where the depositor gets high interest rates on investment. The features of this scheme are as follows:
Features of Bank of Baroda Term Deposit |
|
|
|
|
|
|
|
|
|
|
|
|
Bank of Baroda Tax Saving Term Deposit
Bank of Baroda Tax Saving Term Deposit allows depositors to earn interest and save tax at the same time. It is designed to save tax under Section 80C. Other features of this scheme are:
Features of Bank of Baroda Tax Saving Term Deposit |
|
|
|
|
|
|
|
|
|
|
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.
Documents Required for Open Bank of Baroda Fixed Deposit Account
An applicant has to provide following documents to open Bank of Baroda Fixed Deposit account:
- Passport size photograph
- Proof of residence
- An introduction as per Bank’s norms
How to Apply for Bank of Baroda Fixed Deposit
An applicant can apply for Bank of Baroda Fixed Deposit scheme by logging in to the netbanking account. Account holders can also use the mobile banking facility to open the fixed deposit account in just a few clicks. Applicants can also visit the branch to enquire about the fixed deposit schemes offered by the bank.