Bank of Baroda FD Rates

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Bank of Baroda FD Rates

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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
Types of Bank of Baroda Fixed Deposit Schemes
Bank of Baroda Fixed Deposit Calculator
Documents Required for Open Bank of Baroda Fixed Deposit Account
How to Apply for Bank of Baroda Fixed Deposit

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

  1. Bank of Baroda Short Deposit
  2. Baroda Maha Utsav Deposit Scheme
  3. Bank of Baroda Fast Access Deposit Scheme
  4. BOB Suvidha Fixed Deposit Scheme 
  5. Bank of Baroda Regular Income Plan
  6. Bank of Baroda Monthly Income Plan
  7. Regular Income cum Recurring Deposit
  8. Bank of Baroda Term Deposit
  9. Baroda Tax Saving Term Deposit
  10. 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
  • Minimum tenure – 7 days.
  • Maximum tenure – less than 1 year.
  • Minimum deposit amount is ₹ 1000.
  • Senior Citizens get an additional interest rate of 0.50% for deposits of ₹ 10,000/- and above.
  • Tax is deducted at source (TDS) on interest more than ₹ 10,000/- per year.
  • Overdraft or loan against deposits is allowed up to a maximum of 95%.
  • Nomination facility is available.

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
  • Minimum tenure – 12 months.
  • Maximum tenure – 120 months.
  • Minimum deposit amount is ₹ 10,000.
  • There is no limit on the maximum deposit amount.
  • Interest will be paid half-yearly compounded quarterly.
  • Senior Citizens get an additional interest rate of 0.50% for deposits of ₹ 10,000/- and above.
  • Tax is deducted at source (TDS) on interest more than ₹ 10,000/- per year.
  • Overdraft or loan against deposits is allowed up to a maximum of 95%.
  • Nomination facility is available.

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
  • Minimum tenure – 12 months.
  • Maximum tenure – 120 months.
  • Minimum deposit amount is ₹ 5,000 and then in multiples of ₹ 1,000.
  • There is no limit on the maximum deposit amount.
  • Interest will be paid half-yearly compounded quarterly.
  • Senior Citizens get an additional interest rate of 0.50% for deposits of ₹ 10,000/- and above.
  • Tax is deducted at source (TDS) on interest more than ₹ 10,000/- per year.
  • Overdraft or loan against deposits is allowed up to a maximum of 95%.
  • Nomination facility is available.
  • Minor accounts can be opened for depositors above 10 years of age but the cap on investment is ₹ 1 lakh.

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
  • Minimum deposit amount – ₹ 1000/- and then in multiples of ₹ 100/-
  • There is no cap on the maximum deposit amount.
  • The minimum deposit tenure is 12 months.
  • The maximum deposit tenure is 120 months.
  • Premature withdrawal of up to 95% of the deposit amount allowed.
  • The scheme is auto-renewed on maturity if no standing instructions are provided.
  • No penalty is charged for premature withdrawal on the amount below ₹ 5 lakhs if it has remained for more than 12 months.
  • The interest paid in case of premature withdrawal of amount between ₹ 5 lakhs and ₹ 1 crore is 1% below the card rate even if the amount has remained for more than 12 months.

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
  • The minimum deposit amount is ₹ 1000/- and then in multiples of ₹ 100/-
  • There is no cap on the maximum deposit amount.
  • Minimum tenure – 12 months.
  • Maximum tenure – 120 months.
  • The interest is paid on a monthly basis.
  • The additional interest rate for senior citizens of 0.50% is applicable on investment of more than ₹ 10,000.
  • Premature withdrawal of up to 95% of the deposit amount allowed.
  • The scheme is auto-renewed on maturity if no standing instructions are provided.
  • No penalty is charged for premature withdrawal on the amount below ₹ 5 lakhs if it has remained for more than 12 months.
  • The interest paid in case of premature withdrawal of amount between ₹ 5 lakhs and ₹ 1 crore is 1% below the card rate even if the amount has remained for more than 12 months.

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
  • The minimum deposit amount is ₹ 1000/- and then in multiples of ₹ 100/-
  • There is no cap on the maximum deposit amount.
  • Minimum tenure – 12 months.
  • Maximum tenure – 120 months.
  • The interest is paid on a half-yearly basis.
  • The additional interest rate for senior citizens of 0.50% is applicable on investment of more than ₹ 10,000.
  • Loan/overdraft of up to 95% of the deposit amount available.
  • No processing fees will be charged for Loans and Advances against bank deposits.
  • The scheme is auto-renewed on maturity if no standing instructions are provided.
  • The Govt. of India accepts the money deposited in this plan as a security.
  • No penalty is charged for premature withdrawal on the amount below ₹ 5 lakhs if it has remained for more than 12 months.
  • The interest paid in case of premature withdrawal of amount between ₹ 5 lakhs and ₹ 1 crore is 1% below the card rate even if the amount has remained for more than 12 months.

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
  • The minimum deposit amount is ₹ 100/- and then in multiples of ₹ 100/-
  • The maximum deposit amount is ₹ 1.5 lakhs.
  • Minimum tenure – 12 months.
  • Maximum tenure – 120 months.
  • The interest is compounded quarterly in this scheme.
  • No loan or overdraft is provided in this scheme.
  • The lock-in period for the scheme is of 5 years.
  • Premature withdrawal is not allowed. However, if the depositor wants to withdraw, the interest rate payable is 1% below the card rate.
  • All resident individuals (single or jointly) and HUFs can open this account.
  • TDS is applicable if the interest is more than ₹ 10,000.
  • No tax is deducted if Form 15G/15H is submitted beforehand.

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.

Bank of Baroda Bank of Baroda FD Rates
(4/5 ) 5 Reviews
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Aug 23 , 2017
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...

Aug 22 , 2017
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...

Aug 21 , 2017
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...

Aug 18 , 2017
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...

Aug 17 , 2017
4/5
Easy renewal of FD

I opened my FD with Bank of Baroda two years back at 8.5% interest rate for 2 years. On maturity, I was given the option to withdraw money or renew my FD plan. I chose to renew my plan. It was very easy and I encountered no problems while doing so. B..Read more...

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