Bank of Baroda FD KYC

What is Bank of Baroda FD KYC?

The Bank of Baroda FD KYC is the process through which the bank verifies customer details, such as identity, address, and contact information, at the time of opening an FD or periodically thereafter. 

At the bank, KYC is completed when you open your first account. However, the process doesn’t stop there. Customers are also required to complete Re-KYC, or periodic updating of KYC, to keep their records current. This ensures that all services linked to your FD; including renewals, payouts, and interest crediting, remain smooth and uninterrupted.

How to Complete Bank of Baroda FD KYC? 

If you're opening an FD with Bank of Baroda for the first time, completing KYC is mandatory, either offline or via online forms. Existing customers may need to update their KYC periodically, especially if details like address or mobile number change, with the option for online Re-KYC through the bank's digital portal.

For New Customers

Offline Process

Step 1: Download the KYC/FD account opening form from the Bank of Baroda website, or collect it from the nearest branch.
Step 2: Fill in your personal details accurately.
Step 3: Attach self-attested copies of identity and address proof documents such as Aadhaar, PAN, Passport, or Voter ID.
Step 4: Include a recent passport-size photograph.
Step 5: Step 5: Submit the form and documents to the branch for verification, and make the payment. 
Step 6: Once verified, your Fixed Deposit account will be activated and linked to your KYC profile.

Online Process

Step 1: Visit the Bank of Baroda official website and click on ‘Apply Online’ under ‘Fixed Deposit’.
Step 2: Select ‘Open FD Account using Video KYC’ and enter your mobile number and email address for verification.
Step 3: Provide your basic details (name, address, etc.) and Aadhaar card details for identity verification.
Step 4: Enter your PAN card details and date of birth for further verification.
Step 5: Choose your preferred branch where the FD account will be linked.
Step 6: Fill in investment details, including FD type, tenure, and interest payout preferences.
Step 7: Complete the process by providing your bank withdrawal details and follow the on-screen instructions to finish your KYC and open your FD account.

For Existing Customers

Online KYC Update Process (Digital Mode)

Follow these simple steps to update your KYC online through the Bank of Baroda Re-KYC Portal:

Step 1: Visit the Bank of Baroda Re-KYC Portal.
Step 2: Select your preferred language: Hindi or English.
Step 3: Log in using your Account Number and Registered Mobile Number.
Step 4: Click “Generate OTP” and verify it on your registered phone.
Step 5: Update your basic information as prompted.
Step 6: Perform Aadhaar e-KYC authentication using the OTP received on your Aadhaar-linked number.
Step 7: If needed, update your address details.
Step 8: Once completed, you’ll receive an acknowledgement message confirming that your records will be updated within T+2 working days.

Requirements for Online Re-KYC:

• A valid Aadhaar number
• Same mobile number registered with both Aadhaar and the bank
• An internet-enabled device (mobile, tablet, or computer)

Eligibility for Bank of Baroda FD KYC

The categories eligible for Bank of Baroda FD KYC are:

• Resident Indian individuals (single or joint)
• Minors, under the supervision of a guardian
• Hindu Undivided Families (HUFs)
• Firms, companies, and partnerships
• Trusts, clubs, associations, and registered societies

Documents Required for Bank of Baroda FD KYC

The documents required for Bank of Baroda FD KYC are: 

For New Customers

• Proof of Identity (Aadhaar Card, PAN Card, Passport, Driving Licence, or Voter ID)
• Proof of Address (same as above or recent utility bill/passbook)
• Passport-size photograph
• Form 60/61, if PAN is not available
• For senior citizens: Senior Citizen ID (to access special Bank of Baroda FD interest rates)

For Existing Customers

• Aadhaar number (for OTP-based e-KYC authentication)
• Registered mobile number (must be same as Aadhaar)
• Internet-enabled device (mobile, tablet, laptop, or desktop)

Benefits of Bank of Baroda FD KYC

• Seamless Account Operation: Keeps your Fixed Deposit account active and ensures smooth renewals, payouts, and updates.
• Enhanced Security: Protects against identity theft and unauthorized transactions by ensuring your data is always current
• Quick Digital Updates: The online Re-KYC facility allows you to update records 24×7 from the comfort of your home.
• Eligibility for Best FD Offers: Customers with updated KYC enjoy exclusive and competitive FD interest rates and renewal benefits.
• Hassle-Free Access Across Channels: Enables full access to BoB services through NetBanking, BoB World App, and branch banking without delays.

Conclusion

Completing your Bank of Baroda FD KYC is a simple yet crucial step in maintaining a healthy financial relationship with the bank. It ensures compliance with RBI norms, protects your investments, and helps you enjoy the full benefits of your Fixed Deposit. Whether you’re a new customer opening an FD or an existing one updating your records, Bank of Baroda offers flexible online and offline KYC options to make the process smooth, secure, and convenient.