Bank of Baroda FD Rates

The fd rates in Bank of Baroda is at a minimum of 2.90% per annum, while this rate goes up to 5.30% per annum. As for the fixed deposit in Bank of Baroda, it can go above Rs.10 crores to Rs.25 crores for domestic investors.

About Bank of Baroda

The bank has been slotted at the number 801 position on the Forbes Global 2000 list, according to 2014 data. It should be known that the fund was established by Maharaja Sayajirao Gaekwad III, the Maharaja of Baroda, in 1908. Back in 1969, the bank was nationalized along with 13 significant commercial banks.

Bank of Baroda Fixed Deposit

With its headquarters in Gujarat, Bank of Baroda boasts of being an Indian bank which is state-owned financial and international banking service. The biggest plus point is that it is the second-largest bank in the country with the State Bank of India at the number one position.

Among its various services provided, the Bank of Baroda fixed a deposit scheme is a fine option that allows customers to enjoy investing their money and enjoying good returns on their investments in a specific time. Bank of Baroda fixed deposit tenure ranges from a minimum of 1 year to up to 10 years.

Bank of Baroda FD Rates in India
Tenure General Public FD Rates Senior Citizen FD Rates
7 days to 14 days 2.90% 3.40%
15 days to 45 days 2.90% 3.40%
46 days to 90 days 3.90% 4.40%
91 days to 180 days 3.90% 4.40%
181 days to 270 days 4.40% 4.90%
271 days to 364 days 4.40% 4.90%
400 days to 2 years 5.10% 5.60%
1 year 5.10% 5.60%
1 year 1 day to 400 days 5.10% 5.60%
2 years 1 day to 3 years 5.10% 5.60%
3 years 1 day to 5 years 5.30% 5.80%
5 years 1 day to 10 years 5.30% 5.80%

Bank of Baroda FD Rates Today

Investment Amount Minimum - Rs. 15,01,000 Maximum- Rs. 10,00,00,000
Tenure Minimum - 7 daysMaximum- 10 Years
Interest Rate  Minimum - 2.90 %Maximum- 5.30%

Types of Bank of Baroda Fixed Deposits

The types of fixed deposit schemes offered by Bank of Baroda are:

Short Deposits:

The description of short deposits is as follows:

  • A fixed deposit scheme that earns high returns on your investment for a short tenure of less than one year.
  • Offers nomination facility.
  • Provides the facility of a loan of up to 95% of the fixed deposit amount.
  • The deposited money is accepted as a security amount by the government department.
  • The rate of interest on the borrowed amount is 1.5% on the deposit.

Eligibility:

Hindu Undivided Families and resident Indians are eligible.

Baroda Advantage FD Noncallable:

A precise description of this Fixed Deposit scheme is:

  • It is a type of domestic fixed deposit where you can enjoy the different Bank of Baroda FD rates over normal FDs.
  • The facility of a loan of up to 95% of the deposited amount is offered.
  • An auto-renewal facility is provided over the deposited amount.
  • The deposited money is considered as a security amount by the government department.

Eligibility:

Hindu Undivided Family and resident Indians.

Baroda Double Dhamaka Deposit Scheme:

A small description of this scheme is as follows:

  • This fixed deposit scheme enables you to get double returns over your investment.
  • The facility of loan up to 95% of your deposited amount is provided.
  • The facility of nomination is also offered.
  • The interest on the deposited amount is offered only at the time of FD maturity.
  • The benefits over the deposited money under section 80C of the IT Act, 1961 are provided.

Eligibility:

Senior citizens and the general public are eligible.

Fast Access Deposit:

A small description of this scheme is as follows:

  • A fixed deposit scheme that enables you to invest for a specific period and get returns on your savings. This fixed deposit scheme comes with many benefits like liquidity, high returns over investment, and security.
  • The facility of nomination is offered.
  • The facility of a loan of up to 95% of the invested amount is offered.
  • For availing the facility of the overdraft, you are not required to provide any extra documents.
  • For this type of FD scheme, you are required to open a current account with the bank.

Eligibility:

Hindu undivided families and resident Indians are eligible.

Regular Income Plan:

The description of this scheme is as follows:

  • It is a readymade fixed deposit policy and is for those who regularly require money for supplementing their income every month. Bank of Baroda FD rates that you have earned on this scheme become one more source of income.
  • The facility of nomination is provided.
  • The facility of a loan of up to 95% of the FD is provided.
  • Interest on your fixed deposits is credited every quarter.
  • The interest that you have earned in this FD scheme is subject to TDS.
  • BOB FD interest rates for senior citizens are 0.50% extra than normal FDs.

Eligibility:

Hindu undivided families and resident Indians.

BOB Suvidha FD Scheme

The description of this scheme is as follows:

  • This scheme provides a very good combination of competitive interest with simple liquidity. It is a convenient way to utilize your fixed deposits as it offers you the best of both long-term and short-term deposits.
  • Provides facility of nomination.
  • Offers loans up to 95% of your fixed deposit amount.
  • Bank of Baroda FD rates for senior citizens is 0.50% higher than for normal people.
  • Unlike typical FD, this fixed deposit scheme provides a flexible option for fixed deposits that has no lock-in period.
  • Provides the dual advantage of attractive BOB FD interest rates and flexible limit of withdrawal.

Eligibility:

Hindu Undivided Families and resident Indians.

Bank of Baroda Tax Saving Fixed Deposits:

The description of this fixed deposit policy is as follows:

  • This fixed deposit scheme is designed to help the HUFs and resident individuals to save their hard-earned money on tax and get active returns and yields on their FDs.
  • The facility of nomination is provided.
  • The interest is compounded every quarter.
  • The interest that you earn on your deposit is liable to TDS/ tax.
  • The facility of auto-renewal is also provided.

Eligibility:

Hindu undivided families and resident Indians are eligible.

Monthly Income Plan:

A brief description of this scheme is as follows:

  • It is a tailor-made fixed deposit scheme that promises to provide regular income quarterly, half-yearly, or monthly basis.
  • The facility of loan up to 95% of the fixed deposit amount is offered.
  • The payment of interest is subject to TDS.
  • The interest is paid on monthly basis at discounted rates.
  • The senior citizens get 0.50% extra Bank of Baroda FD rates.

Eligibility:

Hindu undivided families and resident Indians are eligible.

Money Multiplier Deposits:

A small description of this fixed deposit scheme is as follows:

  • This scheme allows you to link your savings account with your fixed deposit account and hence get higher BOB FD interest rates.
  • The facility of nomination.
  • Offers facility of a loan of up to 95% of the fixed deposit amount.
  • The interest on FDs is paid only at the time of maturity.
  • Tax benefits are offered u/s 80C of the IT Act, 1961.

Eligibility:

Hindu undivided family and resident Indians are eligible.

Bank of Baroda FD Rates in India

It is advisable to reconfirm the Bank of Baroda FD rates from the bank before making any decision based on the data provided below.

BOB FD Interest Rates for Domestic and NRO Deposits - Above Rs.2 Crore to Up to Rs.10 Crore (w.e.f. 07.07.2020)

Tenure

Rs.2 Crore to Up to 10 Crore

7 days to 14 days

3%

15 days to 45 days

3%

46 days to 90 days

3%

91 days to 180 days

3%

181 days to 270 days

3.15%

271 days and above and less than one year

3.15%

One year

3.55%

More than 1 year and up to 2 years

3.55%

More than 2 years and up to 3 years

3.55%

More than 3 years and up to 5 years

3.55%

More than 5 years and up to 10 years

3.55%

Note: The aforementioned Bank of Baroda FD rates are applicable for fresh deposits and renewals of FDs W.E.F. 07.07.2020.

BOB FD Interest Rates for Domestic and NRO Deposits - Above Rs.10 Crore and Up to Rs. 50 Crore (w.e.f. 07.07.2020)

Range of Maturity

Deposit Amount Per Receipt

More than Rs.10 Crore and Up to Rs.25 Crore

More than Rs. 25 Crore and Up to Rs. 50 Crore

7 days to 14 days

3%

3%

15 days to 45 days

3%

3%

46 days to 90 days

3%

3%

91 days to 180 days

3%

3%

181 days to 270 days

3.15%

3.15%

271 days and above and less than one year

3.15%

3.15%

One year

3.55%

3.55%

More than 1 year and up to 2 years

3.55%

3.55%

More than 2 years and up to 3 years

3.55%

3.55%

More than 3 years and up to 5 years

3.55%

3.55%

More than 5 years and up to 10 years

**

**

Note: The aforementioned FD interest rates are applicable from 07.07.2020 for all fresh FDs and FD renewals.

BOB FD Interest Rates for Domestic and NRO Deposits - Above Rs. 50 Crore and Up to Rs. 100 Crore (w.e.f. 07.07.2020)

Tenure

Deposit Amount Per Receipt

More than Rs. 50 Crore and Up to Rs.100 Crore

7 days to 14 days

3%

15 days to 45 days

3%

46 days to 90 days

3%

91 days to 180 days

3%

181 days to 270 days

3.15%

271 days and above and less than one year

3.15%

One year

3.55%

More than 1 year and up to 2 years

3.55%

More than 2 years and up to 3 years

3.55%

More than 3 years and up to 5 years

3.55%

More than 5 years and up to 10 years

**

Note: The aforementioned Bank of Baroda FD rates are for all fresh FDs and FD renewals W.E.F. 07.07.2020.

BOB FD Interest Rates for Domestic and NRO Deposits - Above Rs. 100 Crore (w.e.f. 07.07.2020)

Tenure

Deposit Amount Per Receipt

More than Rs. 100 Crore and Up to Rs. 500 Crore

More than Rs. 500 Crore and Up to Rs. 1000 Crore

More than Rs. 1000 Crore

7 days to 14 days

3%

3%

3%

15 days to 45 days

3%

3%

3%

46 days to 90 days

3%

3%

3%

91 days to 180 days

3%

3%

3%

181 days to 270 days

3.15%

3.15%

3.15%

271 days and above and less than one year

3.15%

3.15%

3.15%

One year

3.55%

3.55%

3.55%

More than 1 year and up to 2 years

3.55%

3.55%

3.55%

More than 2 years and up to 3 years

3.55%

3.55%

3.55%

More than 3 years and up to 5 years

3.55%

3.55%

3.55%

More than 5 years and up to 10 years

**

**

**

Note: The aforementioned Bank of Baroda FD rates are for all fresh FDs and FD renewals W.E.F. 07.07.2020. 

Bank of Baroda Tax Saving Fixed Deposits (w.e.f. 02.06.2020)

Tenure

Per Annum Deposit for Less than Rs. 2 Crore

Senior Citizen

5 years

5.30%

5.80%

More than 5 years and up to 10 years

5.30%

6.30%

Note: In the aforementioned tax-saving FDs, premature withdrawal is not allowed before completing 5 years except when the policyholder dies.

Tax Implications

  • The amount invested in Fixed Deposit with a tenure of 5 years with Allahabad Bank is eligible for tax deduction under IT section 80C, whereas the interest earned on the investment is taxable.
  • The applicable tax will be deducted at source, i.e. Bank of Baroda, in case the annual interest earned crosses Rs. 10,000.

*Tax benefit is subject to changes in tax laws

Benefits and Features of BOB FD

Features of the Fixed Deposit schemes offered by Bank of Baroda are:

  • The fixed deposits of BOB are available in both the short and long term, wherein the maturity period ranges from seven days to 10 years.
  • The interest is compounded every quarter and is payable every half-yearly.
  • The maximum amount that you need to deposit for opening an FD in Bank of Baroda is Rs.1000 (it is Rs.100 when we talk about Tax Saving Deposits).
  • Bank of Baroda FD rates for senior citizens is 0.50% more than those for the general public.

Benefits of Fixed Deposit schemes offered by Bank of Baroda are:

  • Provides the option to avail loan against fixed deposits for up to 85% to 95% of the fixed deposit amount.
  • Offers the option to withdraw money prematurely at a nominal penalty of 1%.
  • The facility of nomination is offered.
  • Offers auto-renewal facility.
  • No processing fee is charged for advances and loans against FDs.

Bank of Baroda FD Calculator

The interest that you earn on your fixed deposit depends on many factors such as the invested amount, Bank of Baroda FD rates offered, frequency of interest calculation, tenure of deposit, and taxation. You can use the Bank of Baroda FD calculator for calculating the interest that you will get upon the maturity of your deposit. It is a seamless process where you can enter the basic details of your FD like the amount, BOB FD interest rates, and deposit tenure.

FD Interest Rates for Baroda Advantage Fixed Deposit Domestic Accounts – Minimum Rs. 15.01 Lakh and Below Rs. 2 Crore (w.e.f. 02.06.2020)

Tenure

Below Rs. 2 Crore

One year

5.15%

More than 1 year up to 400 days

5.15%

More than 400 days up to 2 years

5.15%

More than 2 years up to 3 years

5.15%

More than 3 years up to 5 years

5.40%

More than 5 years up to 10 years

5.40%

444 days (For Baroda Samriddhi Deposit Scheme_

Discontinued

Note: The aforementioned Bank of Baroda FD rates are applied W.E.F. 02.06.2020.

Baroda Advantage Fixed Deposit Rate for NRE/ NRO/ NRIs – From Rs.15.01 Lakhs to Less than Rs.2 Crore (w.e.f. 02.06.2020)

Tenure

For NRO/NRE Deposit from Rs.15.01 Lakhs to Less than Rs.2 Crore

ROI for Baroda Advantage FD for NRIs After including 5BPS (W.E.F. 02.06.2020)

One year

5.15%

More than 1 year up to 400 days

5.15%

More than 400 days up to 2 years

5.15%

More than 2 years up to 3 years

5.15%

More than 3 years up to 5 years

5.40%

More than 5 years up to 10 years

5.40%

Note: The aforementioned BOB FD interest rates are applicable W.E.F. 02.06.2020.

For NRE Deposit – Below Rs.2 Crore (w.e.f. 02.06.20)

Tenure

Less than Rs.2 Crore

One year

5.10%

More than 1 year up to 400 days

5.10%

More than 400 days up to 2 years

5.10%

More than 2 years up to 3 years

5.10%

More than 3 years up to 5 years

5.30%

More than 5 years up to 10 years

5.30%

444 days (For Baroda Samriddhi Deposit Scheme)

Discontinued

Note: The aforementioned BOB FD interest rates are applicable W.E.F. 02.06.2020.

For NRE Deposit of Rs. 2 Crore to Rs. 10 Crore (w.e.f. 07.07.2020)

Tenure

Less than Rs.2 Crore

One year

3.55%

More than 1 year up to 2 years

3.55%

More than 2 years up to 3 years

3.55%

More than 3 years up to 5 years

3.55%

More than 5 years up to 10 years

3.55%

 Note: The aforementioned BOB FD interest rates are applicable W.E.F. 07.07.2020.

For NRE Deposit Above Rs. 10 Crore and Up to Rs. 50 Crore (w.e.f. 07.07.2020)

Tenure

Deposited Amount Per Year

More than Rs.10 Crore and Up to Rs.25 Crore

More than Rs.25 Crore and Up to Rs.50 Crore

One year

3.55%

3.55%

More than 1 year and up to 2 years

3.55%

3.55%

More than 2 years and up to 3 years

3.55%

3.55%

Note: The aforementioned rates of fixed deposits will be applicable for all fresh FDs and renewals W.E.F. 07.07.2020. 

For NRE Deposit of Rs. 50 Crore and More (w.e.f. 07.07.2020)

Tenure

Per Receipt Deposited Amount

More than Rs.50 Cr up to Rs.100 Cr

More than Rs.100 Cr up to Rs.500 Cr

More than Rs.500 Cr up to Rs.1000 Cr

More than Rs.1000 Cr

One year

3.55%

3.55%

3.55%

3.55%

More than 1 year up to 2 years

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More than 2 years up to 3 years

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More than 3 years up to 5 years

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More than 5 years up to 10 years

****

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Note: The aforementioned rates of fixed deposits will be applicable for all fresh FDs and renewals W.E.F. 07.07.2020. The above-mentioned FD rates should not be loaded with some other type of additional interest rates such as for senior citizens, naval or army groups, an account of staff, etc. for any purpose/ reason what so ever it may be.

Written By: PolicyBazaar - Updated: 15 October 2020
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