Bank of Baroda FD Interest Rates 2025

What is Bank of Baroda Fixed Deposit?

A Fixed Deposit (FD) with Bank of Baroda is a financial instrument where you deposit a lump sum amount for a fixed tenure, earning a predetermined interest rate. This investment option is for individuals seeking stable returns over a specified period. Bank of Baroda’s FDs cater to various customer segments, including regular individuals, senior citizens, and Non-Resident Indians (NRIs).

Key Benefits of Bank of Baroda Fixed Deposits

You can enjoy several valuable benefits when you open a Bank of Baroda Fixed Deposit. Some of the key benefits are listed below.

1. Guaranteed Returns:

Your funds are locked in at a fixed rate, ensuring stable and predictable returns throughout the deposit tenure, regardless of market changes.

2. Flexible Tenures:

With Bank of Baroda, you can choose FD tenures ranging from 7 days to 10 years, making it suitable for both short-term and long-term savings.

3. Attractive Interest Rates:

Bank of Baroda offers competitive FD interest rates ranging from 4.00% to 7.00% per annum, depending on the deposit amount and tenure. Senior citizens typically receive an additional 0.50% interest across most tenures.

4. Auto-sweep Facility (Baroda Suvidha):

The Auto-sweep facility under Baroda Suvidha automatically transfers surplus funds between your Savings Account and Fixed Deposits, offering both sweep-in and sweep-out features to maximise returns while ensuring liquidity.

5. Loan and Overdraft Against FD:

Bank of Baroda allows customers to borrow up to 90% of the FD amount as a loan or overdraft, providing immediate access to funr̥ds without breaking the deposit. To get a loan against fixed deposits, customers must pay 1% - 2% interest on the current FD interest rates.

Bank of Baroda FD Interest Rates 2025

Here’s a detailed breakdown of Bank of Baroda’s latest Fixed Deposit interest rates across various tenures and investment slabs:

Bank of Baroda Callable Fixed Deposits Rates Below ₹3 Crore (For Domestic & NRO Deposits)

*Bank of Baroda FD interest rates w.e.f. May 29, 2025

Bank of Baroda Fixed Deposit Rates ₹3 Cr. to ₹5 Cr. Slab (For Domestic Term Deposits & NRO Deposits)

*Bank of Baroda FD interest rates w.e.f. June 03, 2025

Bank of Baroda Fixed Deposit Rates ₹5 Cr. to ₹7 Cr. Slab (For Domestic Term Deposits & NRO Deposits)

*Bank of Baroda FD interest rates w.e.f. May 27, 2025

How to Open a Bank of Baroda FD

Opening a Fixed Deposit with Bank of Baroda (BoB) is a simple process and can be done either online or offline, depending on your convenience.

1. Online Method

If you are a Bank of Baroda customer with access to NetBanking or the BoB World mobile app, you can open an FD in just a few minutes:

• Log in to your BoB Net Banking account or open the BoB World mobile app.

• Go to the “Term Deposits” or “Open Fixed Deposit” section.

• Enter the deposit amount and choose the tenure.

• Select the type of FD (e.g., Regular or Senior Citizen), choose interest payout frequency (cumulative or periodic), and add nominee details.

• Review the details carefully and click Submit.

• Your FD will be created instantly, and confirmation will be sent via SMS and email.

If your FD interest exceeds ₹50,000 (₹1,00,000 for senior citizens), TDS is applicable. To avoid it, submit Form 15G or 15H.

2. Offline Method

If you prefer to visit a branch, you can open a Bank of Baroda FD offline by following these steps:

• Visit the nearest Bank of Baroda branch.

• Request a Fixed Deposit account opening form at the counter.

• Fill in all required information, including deposit amount, tenure, interest payout option, and nominee.

• Submit the form along with identity proof (like Aadhaar, PAN, or Voter ID) and address proof.

• Deposit the FD amount via cash, cheque, or account transfer.

• The bank will process your request and provide an FD receipt and confirmation shortly.

For better planning, explore how tax-saving FDs or long-term investment options can complement your savings strategy.

Key Takeaways

Bank of Baroda Fixed Deposits come with multiple tenure options and higher interest rates for senior citizens. Accounts can be opened through internet banking, the BoB mobile app, or by visiting a branch. While longer tenures typically offer slightly lower interest rates, early withdrawals may attract penalties ranging from 1% to 2% on the interest earned, depending on the type of FD. It's important to review all terms and conditions carefully before making a deposit. Additionally, consider comparing FD interest rates across different banks in India to make an informed investment decision.