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Bank of Baroda FD Interest Rates is one of the most sought-after bank schemes in the market. It 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.

Bank of Baroda Fixed Deposit Interest Rates

TenureFD RatesSenior Citizen FD Rates
7 days – 14 days4.50%5.00%
15 days – 45 days4.50%5.00%
46 days – 90 days4.75%5.25%
91 days – 180 days5.50%6.00%
181 days – 270 days5.90%6.40%
271 days – 364 days5.90%6.40%
400 days – 2 years6.25%6.75%
1 year6.25%6.75%
1 year 1 day – 400 days6.25%6.75%
2 years 1 day – 3 years6.25%6.75%
3 years 1 day – 5 years6.25%6.75%
5 years 1 day – 10 years6.25%6.75%

BOB FD Rates – Special Features

  • The Bank of Baroda FD tenure ranges from 7 days to 10 years
  • 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 Government department
  • Also, the deposit is accepted as a margin for non-fund based facilities
  • 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 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 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 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 Income Tax Act, 1961
  • Resident Indians and HUFs are eligible

Bank of Baroda FD Calculator

The interest earned on your FD account depends on a lot of factors, viz. The amount, the interest provided, tenure, interest calculation frequency, and taxation. One can use the Bank of Baroda FD Calculator to calculate the interest on the deposit upon maturity. It’s a seamless process where the depositor has to enter basic details of their FD such as the amount, interest and tenure.

Bank of Baroda Fixed Deposit Interest Rates – FAQs

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

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

What is the highest interest rate offered by BOB?

One can earn a maximum of 6.25% interest on Bank of Baroda FD account.

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

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

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

The current interest rate offered by Bank of Baroda ranges between 4.50%-6.25%. For senior citizens, the ICICI FD interest rates range between 5.00%-6.75%.

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