Bank of Baroda FD Interest Rates

A renowned name in the banking industry, Bank of Baroda offers different kinds of fixed deposit or term deposits option to domestic and NRI customers. The BOB FD interest rates on these deposits are decent and provide guaranteed returns to its investors. Bank of Baroda offers higher fixed deposit interest rates to senior citizens. When compared to the savings account, FD returns are higher from the tenure ranging from 7 days to 10 years.  

FEATURES
pnb-bank
sbi-bank
hdfc-life-insurance
maxlife
Returns (Max Tenure)
5.65%
6.25%
6.77%
Highest Return7.2%
Life Cover
No
No
No
Yes
Tax Saving
No
No
No
₹46,800*

Yearly

* Assuming investment of ₹ 1 Lakh per year & income tax slab of 30%

Bank of Baroda FD Rates 2023

Tenure REGULAR RATES
Current Rates
SENIOR CITIZEN
7 days to 14 days 3% 3.5%
15 days to 45 days 3% 3.5%
46 days to 90 days 4% 4.5%
91 days to 180 days 4% 4.5%
181 days to 270 days 4.65% 5.15%
271 days to less than 1 year 4.65% 5.15%
1 year 5.50% 6.00%
Above 1 year to 400 days 5.50% 6.00%
Above 400 days & upto 2 years 5.50% 6.00%
Above 2 years & upto 3 years 5.55% 6.05%
Above 3 years & upto 5 years 5.65% 6.30%
Above 5 years & upto 10 years 5.65% 6.65%
Above 10 years(MACT/MACAD Court Order schemes only) 5.10% 5.60%

FD interest rates have been declining over last few years and is expected to further fall, as Indian economy grows in coming years.

5 Yrs FD rate - Historical trend
fd return beater
FD Calculator

Total Investment

₹500 ₹10L
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Rate of Interest (Yearly)

1% 10%
Rate of Interest (Yearly)

Time Period

1 Year 10 Years
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Total Investment
Interest Earned
Maturity Amount

Compare FD Interest Rates of Top Financial Institutions

BANKS GENERAL CITIZENS SENIOR CITIZEN
Bank of Baroda FD Rates 3.00% - 5.10% 3.50% - 5.60%
SBI bank FD Rates 5.30% - 5.40% 5.80% - 6.20%
HDFC Bank FD Rates 2.50% - 5.60% 3.00% - 6.35%
ICICI Bank FD Rates 2.75% - 5.70% 3.25% - 6.20%
Axis Bank FD Rates 2.50% - 5.75% 2.50% - 6.50%
Canara Bank FD Rates 2.93% - 6.40% 2.93% - 6.40%
Yes Bank FD Rates 3.25% - 6.25% 3.75% - 7.25%
Kotak Mahindra FD Rates 2.50% - 5.75% 3.00% - 6.25%
Bandhan Bank FD Rates 3.00% - 5.00% 3.75% - 5.75%
Union Bank of India FD Rates 3.00% - 5.50% 3.75% - 5.75%
Indusind Bank FD Rates 2.75% - 6.00% 3.25% - 6.50%
PNB FD Rates 3.00% - 5.75% 3.50% - 6.25%
IDFC Bank FD Rates 3.50% - 6.00% 4.00% - 6.50%
Indian Bank FD Rates 2.90% - 5.15% 3.40% - 5.65%
DBS Bank FD Rates 2.50% - 5.50% 2.50% - 5.50%
UCO Bank FD Rates 2.55% - 5.05% 3.80% - 6.30%
Bank of India FD Rates 2.85% - 5.35% 3.00% - 6.50%
IDBI Bank FD Rates 2.90% - 5.30% 3.40% - 5.90%
Central Bank of India FD Rates 2.75% - 5.15% 3.25% - 5.65%
Show More

About Bank of Baroda

Any bank's Fixed Deposit Interest Rate Scheme allows the investor to invest a part of their salary to the FD scheme to achieve their goals and plan accordingly.

BOB offers multiple FD options, including Short Deposits, Baroda Advantage FD Noncallable, Baroda Double Dhamaka Deposit Scheme, etc., with online banking facility and loan facility options. An investor can make a profit by investing their money strategically in a five-year tax-saving fixed deposit scheme.

Moreover, in general, one can save tax on their earnings from Fixed Deposit schemes up to a limit of Rs. 1,50,000 per annum under Section 80C of the Income Tax Act, 1961. Bank of Baroda Fixed Deposit Account can be easily opened through internet banking, mobile applications, and offline by visiting the bank branch office.

  • Types of Bank of Baroda Fixed Deposits

    • Short Deposits
    • Baroda Advantage FD Noncallable
    • Baroda Double Dhamaka Deposit Scheme
    • Fast Access Deposit
    • Regular Income Plan
    • BOB Suvidha FD Scheme
    • Bank of Baroda Tax Saving Fixed Deposit
    • Monthly Income Plan
    • Money Multiplier Deposits

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

    1. 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.


    2. Baroda Advantage FD Noncallable:

    A detailed 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 regular 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 short description of this scheme is as follows:

    • This fixed deposit scheme enables you to get double returns on 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 for those who regularly require money to supplement 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 regular FDs.

    Eligibility:

    Hindu undivided families and resident Indians.


    5. Regular Income Plan:

    A short 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 has 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.
    • To avail of the overdraft facility, 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.
    • BOB FD rates for senior citizens are 0.50% higher than for normal people.
    • Unlike typical FD, this fixed deposit scheme provides a flexible option for fixed deposits with no lock-in period.
    • Provides the dual advantage of attractive BOB FD interest rates and flexible withdrawal limit.

    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 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 a 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.


    9. Money Multiplier Deposits:

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

    • This scheme allows you to link your savings account with your fixed deposit account and get higher BOB FD interest rates.
    • The facility of nomination.
    • Offers a loan facility 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 under Section 80C of the IT Act, 1961.

    Eligibility:

    Hindu undivided families and resident Indians are eligible.

  • Benefits and Features of BOB FD Interest Rates

    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 7 days to 10 years.
    • The interest is compounded every quarter and is payable every half-yearly.
    • The maximum amount you need to deposit to open an FD in Bank of Baroda is Rs. 1,000 (The amount is Rs. 100 in case of 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 the Bank of Baroda are:

    • Provides the option to avail of a loan against fixed deposits for up to 85% to 95% of the fixed deposit amount.
    • Offers the option of premature withdrawal 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 Fixed Deposit Interest Rate Calculator

    Bank of Baroda Fixed Deposit calculator is an easy-to-use, hassle-free tool that helps in quick calculation of the maturity amount and the interest earned receivable at the end of the policy tenure. By entering some basic details, you can calculate the correct FD amount. Here are the steps that an investor needs to follow to calculate Fixed Deposit rates on the FD Calculator:

    • 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
  • Eligibility Criteria

    Below are the groups and individuals who are eligible to open a Regular BOB Fixed Deposit Account-

    • Hindu undivided families
    • Residents
    • Partnership firms
    • Sole proprietorship firms
    • Trust accounts
    • Limited companies
  • Document Required

    • Current Photographs
    • KYC Documents
    • Aadhar Card
    • PAN Card
    • Passport
    • Voter ID card
    • Driving License
    • Proofs of Partnership: Partnership deed, ID Proofs, and Signatures of authorized signatories incorporating certificate.
    • Hindu Undivided Family: PAN Card – Self-attested, HUF declaration, and Statement of Bank
  • How to invest in the Bank of Baroda FD scheme

    An investor can opt for either of the following methods to invest in the BOB FD Scheme:

    1. Internet Banking

    The following steps need to be followed to invest via internet banking:

    • Login to the BOB account
    • Click on the "Open Fixed Deposit" option under the "transaction" tab.
    • Fill in the needful details like the policy's tenure and the amount willing to be invested.
    • Provide nominee details.
    • Confirm all the details before proceeding further.
    • A receipt will be generated that can be downloaded instantly.

    2. Bank of Baroda Mobile Application

    The following steps need to be followed to open an FD account via the mobile application of BOB:

    • Download the bank's application on your mobile (can be either ios or android).
    • After creating credentials, one can sign in to the application.
    • Head to the main menu and select the deposit option after signing in.
    • Under the "Deposits" option, choose the "Open Fixed Deposit" tab.
    • Fill in all the required details and upload the required documents.
    • A receipt will be generated after successfully providing all the details, which can be downloaded immediately.

    3. A BOB FD Account Offline

    In the offline method of opening a Fixed Deposit Account, the investor must visit the nearest BOB branch and fill out forms to open their respective FD account. All the relevant documents must be submitted to the branch manager along with the deposit amount. After successfully verifying all the provided documents, the branch manager provides a receipt that is the account opening proof for the investor.

  • Loans on BOB Bank Fixed Deposits

    • A maximum of 90% to 95% loan against your FD deposits can be availed.
    • You can avail of the loan with a tenure similar to the fixed deposit duration.
    • The rate of interest on loans is higher by 1.5% to 1.7%.

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