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Home>FD>Bank of Baroda

Bank of Baroda FD Interest Rates

2.80% - 5.25%
Interest rates
3 months to 10 years
Time Period
₹10,000 - no limit
Min. - Max amount
QUARTERLY
Compounding

About Bank of Baroda

Bank of Baroda (BOB) is a reputed Indian nationalized banking and financial services company and provides a plethora of Banking and financial services to its customers and FD is one of them.

Bank of Baroda FD is one of the most sought-after bank schemes in the market. BOB provides multiple FD schemes to its customers to secure a part of their savings for a fixed tenure. The depositor is required to deposit the amount once at the time of opening the account and according to the tenure, the bank provides the interest rate on it. Opening an FD with Bank of Baroda has multiple benefits and most importantly higher interest rates as compared to their savings account.

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Started On1908
Head QuartersVadodara
CRISIL RatingNA
CEOShri Sanjiv Chadha
Listed on exchange asBank of Baroda
ICRA RatingNA

Bank of Baroda FD Rates 2022 (Below 2 Crores)

TenureRegular customersSenior citizens
1
2

Features and Benefits of Bank of Baroda FD

  • Senior citizens can enjoy an additional interest rate of 0.50% p.a. over regular rates
  • The minimum deposit required to open an FD with Bank of Baroda is Rs 10,000
  • Nomination facility is provided by the bank
  • Loan deposit up to 90% of the deposit is available
  • Interest is paid only at the time of maturity
  • BOB provides multiple deposit schemes to its customers, viz. Short Deposit, Baroda Double Dhamaka Deposit Scheme, Baroda Advantage Fixed Deposits Non-Callable, Fast Access Deposit, BOB Suvidha Fixed Deposit Scheme, Regular Income plan, Monthly Income Plan, Baroda tax Savings Term Deposit, Money Multiplier Deposit

Types of Bank of Baroda FD Schemes

Short Deposit

  • A Bank of Baroda Fixed Deposit Scheme to earn a higher return on your savings for a tenure of less than 1 year
  • Loan facility of up to 95% available against the deposit
  • Nomination facility provided by the bank
  • The deposit is accepted as a security by the Government department
  • Also, the deposit is accepted as a margin for non-fund based facilities
  • The rate of Interest on the borrowed amount is 1.5% over the deposit
  • Resident Indians and HUFs are eligible

Baroda Tax Saving Term Deposit

  • As the name implies this scheme has been designed keeping in mind the tax-saving factor. This scheme helps the resident individuals and HUFs to save money on tax and get maximum returns on their fixed deposit
  • Interest is compounded on a quarterly basis
  • Nomination facility provided by the bank
  • Tax/TDS is applicable on Interest earned on the deposit
  • Resident Indians and HUFs are eligible

Baroda Double Dhamaka Deposit Scheme

  • This scheme provides double returns on the original investment made into the fixed deposit account.
  • Loan facility is available up to 95% on the deposit
  • Interest is paid at the time of maturity
  • Nomination facility available
  • The depositor can tax benefits under section 80C of the Income Tax Act, 1961
  • General and Senior citizens are eligible

Baroda Advantage Fixed Deposits Non-Callable

  • A domestic term deposit scheme where the depositor can get differential BOB FD rates over normal FD rates for a deposit amount of Rs. 15.01 lakhs and a maximum amount of Rs. 10 crores for the mentioned premature or partial withdrawal option.
  • Loan facility is available up to 955 of the deposit
  • Auto-renewal facility available on the deposit
  • Deposit accepted as a security by the government department
  • Resident Indian and HUFs are eligible for this scheme

Fast Access Deposit

  • A flexible deposit scheme that allows the depositor to invest for a particular tenure and get guaranteed returns on the savings. The scheme has a range of benefits such as liquidity, security and higher returns on the investment made
  • Loan facility up to 95% available
  • One necessarily needs to have a current account to avail benefits of this scheme
  • Resident Indians and HUFs are eligible

BOB Suvidha Fixed Deposit Scheme

  • Under this scheme, the depositor gets a combination of competitive interest rates along with easy liquidity. Customers can utilize their deposits enjoying the benefits of both, long-term as well as short-term deposits.
  • Loan facility is available up to 95% on the deposit
  • Nomination facility is available
  • Senior citizens get an additional interest rate of 0.50% over the regular rates
  • This scheme offers a flexible deposit option with no lock-in period unlike a fixed deposit
  • Customers can enjoy the dual advantage of a great rate of interest as well as a flexible withdrawal limit
  • Resident Indians and HUFs are eligible

Regular Income Plan

  • Best fit for those who regularly require money to supplement their income every month. Interest earned on the deposit acts as an alternative source of income.
  • Loan facility up to 95% is available on the deposit
  • Nomination facility is available
  • Interest on the deposit is credited on a quarterly basis
  • Interest payments are subject to TDS
  • Senior citizens get an additional 0.50% over regular rates
  • Resident Indians and HUFs are eligible

Monthly Income Plan

  • This scheme promises regular income either on a monthly, quarterly, or half-yearly basis
  • Loan facility up to 95% is available on the deposit
  • Nomination facility is available
  • The monthly interest will be paid at a discounted rate
  • Interest payments are subject to TDS
  • Senior citizens get an additional 0.50% over regular rates
  • Resident Indians and HUFs are eligible

BOB Money Multiplier Deposit

  • This deposit allows the depositor to link fixed deposit account to their savings account hence giving a higher rate of interest
  • Loan facility up to 95% is available on the deposit
  • Nomination facility is available
  • Senior citizens get an additional 0.50% over regular rates
  • Interest is paid only at the time of maturity
  • Resident Indians and HUFs are eligible
  • One can enjoy tax benefits on deposit under section 80C of the Income Tax Act, 1961
  • Resident Indians and HUFs are eligible

Term wise BOB Fixed Deposit Rates

Short-term Deposits

 For a BOB FD with tenure ranging from 7 days to 12 months, the interest rate offered is from 2.80% p.a. to 4.40% p.a. These deposits are known as short term deposits as their tenure is less than 1 year.

Medium-term Deposits

Medium-term fixed deposits have their tenures ranging from more than 1 year to less than 5 years. The interest offered by the bank on these deposits is around 5.00% – 5.25% p.a.

Long-term Deposits

These deposits have their tenure ranging from 5 years to 10 years and offer an interest rate of 5.25%

Bank of Baroda vs Other Banks' FD Rates

NameTenureInterest rate
1
2
3
4
5

How to Invest in BOB FD

A Bank of Baroda FD account can be opened through different modes like Mobile App, Internet Banking, and offline.

1) Internet Banking

Follow the below-mentioned steps for opening a Bank of Baroda FD account via internet banking-

  • Sign in to the Bank of Baroda NetBanking account.
  • Choose the ‘Open Fixed Deposit’ option.
  • Fill out all the necessary details, nominee information and furnish the maturity instructions.
  • On successful submission of all the information, the FD account will get booked.

2) Mobile App - Bank of Baroda Bank App

Follow the steps mentioned ahead to open an FD account via Bank of Baroda Bank-

  • Download the Bank of Baroda Bank App and sign in.
  • Choose the ‘Open Fixed Deposit’ option.
  • Fill out all the required details, nominee information, and provide maturity instructions.
  • On successful submission of all the information, the FD account will get booked.

3) Offline Bank of Baroda FD Opening

For opening a Bank of Baroda FD account via offline mode, one has to visit the nearest Bank of Baroda branch. Fill out the Bank of Baroda FD application form and present all the necessary documents with the deposit amount. On successful processing of the application, an FD receipt will be provided by the Bank of Baroda.

Eligibility to Open a BOB FD Account

Consumers can start FD investments in the bank from as low as Rs. 5000. There is no upper limit for these investments.

The following people or groups are eligible for opening Bank of Baroda fixed deposit accounts –

  • Individuals
  • Partnership firms
  • Minors
  • Visually-challenged individuals  
  • Illiterate persons
  • Sole proprietary companies
  • Religious, charitable and educational institutions
  • Hindu Undivided Families
  • Trusts
  • Clubs, societies, associations, etc.
  • Joint account holder comprising of two or more members
  • Panchayats and municipalities
  • Limited companies

Documents Required to Open BOB FD in 2022

Proof of identity

  • PAN card
  • Driving license
  • Passport
  • Senior Citizen ID
  • Voter ID card
  • Photo ration card
  • Government ID card

Proof of Address

  • Telephone bill
  • Passport
  • Bank statement along with a cheque
  • Electricity bill
  • An ID card issued by Post Office

FAQs

What is the minimum deposit amount to open an FD account with the Bank of Baroda?

The minimum amount to open an FD account with the Bank of Baroda is Rs. 10,000.

What is the highest interest rate offered by BOB?

One can earn a maximum of 5.25% interest on the Bank of Baroda FD account.

What are the documents needed to open an FD account in the Bank of Baroda?

One can open an FD account in Bank of Baroda with valid identity proof and address proof, such as PAN Card, driving license, voter ID card, passport.

What is the interest rate the Bank of Baroda is giving currently?

The current interest rate offered by the Bank of Baroda ranges between 3.30%-5.75%. For senior citizens, the BOB FD interest rates range between 2.80%-5.25%

Calculate Bank of Baroda FD Interest
Investment Amount
₹25,000.00
Time Period
9 Months
1 Year
2 Years
3 Years
Maturity Amount
Bank of Baroda
@4.9% p.a
Get higher interest rates
online upto 0%
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