Bank of Baroda FD Rates

• The amount that is invested
• The Rate of Interest offered
• The tenure of the Fixed Deposit Account
• The compounding period, that is, yearly, half-yearly, quarterly, or monthly
• The FD Amount

Once entered the following details, an investor will come to know:

• The maturity value of the FD
• The total interest earned during the complete tenure

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.

2. 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.

3. 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.

4. Fast Access Deposit:

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.

5. Regular Income Plan:

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.

6. 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.

7. 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.

8. 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:

9. 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.

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

2. BOB FD Interest Rates for Domestic and NRO Deposits - Above Rs.10 Crore and Up to Rs. 50 Crore

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

3. BOB FD Interest Rates for Domestic and NRO Deposits - Above Rs. 50 Crore and Up to Rs. 100 Crore

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

4. BOB FD Interest Rates for Domestic and NRO Deposits - Above Rs. 100 Crore

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

5. Bank of Baroda Tax Saving Fixed Deposits

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

• 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.

1. FD Interest Rates for Baroda Advantage Fixed Deposit Domestic Accounts – Minimum Rs. 15.01 Lakh and Below Rs. 2 Crore

Note: The aforementioned Bank of Baroda FD rates are applied 

2. Baroda Advantage Fixed Deposit Rate for NRE/ NRO/ NRIs – From Rs.15.01 Lakhs to Less than Rs.2 Crore

Note: The aforementioned BOB FD interest rates are applicable 

3. For NRE Deposit – Below Rs.2 Crore

Note: The aforementioned BOB FD interest rates are applicable 

4. For NRE Deposit of Rs. 2 Crore to Rs. 10 Crore

 Note: The aforementioned BOB FD interest rates are applicable 

5. For NRE Deposit Above Rs. 10 Crore and Up to Rs. 50 Crore

Note: The aforementioned rates of fixed deposits will be applicable for all fresh FDs and renewals

6. For NRE Deposit of Rs. 50 Crore and More

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.