Bank of Baroda NRE FD Rates

Bank of Baroda is known for its customer-focused schemes in the banking industry. The bank is known for its customer-friendly initiatives such as specialized branches for NRIs and loan processing, enabling quick disbursing loans with efficient operations. The bank's foundation is built on three core values: transforming the banking business, building digital capabilities, and investing in talented individuals who can build and take the organization forward.

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The bank relies heavily on its talented and motivated employee base for effective bank operations around the world. The bank has created a pleasant working place for its employees to thrive. The bank has also demonstrated technology prowess by providing its customers with excellent internet banking services, online payment of utility bills, purchasing rail tickets, and online shopping. The bank is known for its high customer satisfaction ratings and is well on course to become the most admired bank.

Bank of Baroda FD for NRIs

The Bank of Baroda offers attractive interest rates for fixed deposit schemes. The fixed deposit scheme provides safe and steady returns to the customers over a while. The customer reaps more significant returns from FD schemes than the money deposited in savings accounts over the same period. The bank offers a variety of options to choose from when it comes to FD. The schemes are classified as short-term and long-term, depending on the time horizon of the investors.

The scheme's flexibility makes it a convenient option for people across all sections of society ranging from young, middle-aged, and senior citizens. The bank offers competitive interest rates for non-residential Indians and several FD schemes for the NRIs. The information related to the FD scheme for the NRIs is as follows.

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Rates Associated with FD Types

  1. Domestic and NRO (Non-Resident Ordinary) Term Deposit Rates (Below Rs. 2 Crores)

    Rates with effect from 22nd March 2022:

    Tenure Interest Rate Below Rs. 2 Crore (%Per Annum)
    7 days to 14 days 2.80%
    15 days to 45 days 2.80%
    46 days to 90 days 3.70%
    91 days to 180 days 3.70%
    181 days to 270 days 4.30%
    271 days & above and less than 1 year 4.40%
    1 year 5.00%
    Above 1 year to 400 days 5.20%
    Above 400 days and up to 2 Years 5.20%
    Above 2 Years and up to 3 Years 5.20%
    Above 3 Years and up to 5 Years 5.35%
    Above 5 Years and up to 10 Years 5.35%
    Above 10 years (for MACT/MACAD Court Order schemes only) 5.10%
  2. Domestic Resident Senior Citizens Term Deposit Rates

    Rates with effect from 22nd March 2022:

    Tenure Interest Rate Below Rs. 2 Crore (%Per Annum)
    7 days to 14 days 3.30%*
    15 days to 45 days 3.30%*
    46 days to 90 days 4.20%*
    91 days to 180 days 4.20%*
    181 days to 270 days 4.80%*
    271 days & above and less than 1 year 4.90%*
    1 year 5.50%*
    Above 1 year to 400 days 5.70%*
    Above 400 days but less than 2 Years 5.70%*
    Above 2 Years but less than 3 Years 5.70%*
    Above 3 Years but less than 5 Years 6.00%***
    Above 5 Years but less than 10 Years 6.35%**

    *Includes additional Rate of Interest of 0.50%

    **Includes additional Rate of Interest of 0.50% + 0.50%

    ***Includes additional Rate of Interest of 0.50% + 0.15%

    Guaranteed Return Investment Plan Guaranteed Return Investment Plan
  3. Domestic and NRO (Non-Resident Ordinary) Term Deposit Rates (Above Rs. 2 Crores but Less Than Rs. 10 Crores)

    Rates with effect from 25th February 2022:

    Tenure Interest Rate (% per annum)
    7 days to 14 days 2.90%
    15 days to 45 days 2.90%
    46 days to 90 days 2.90%
    91 days to 180 days 3.50%
    181 days to 270 days 3.50%
    271 days & above but less than 1 year 3.50%
    1 year 4.25%
    Above 1 Year but less than 2 Years 4.00%
    Above 2 Years but less than 3 years 4.00%
    Above 3 Years but less than 5 years 4.00%
    Above 5 Years but less than 10 years 4.00%
  4. Domestic and NRO (Non-Resident Ordinary) Term Deposit Rates (Above Rs. 10 Crores but Less Than Rs. 50 Crores)

    Rates with effect from 4th April 2022:

    Tenure Interest Rate (% per annum)
    7 days to 14 days 3.25%
    15 days to 45 days 3.50%
    46 days to 90 days 3.50%
    91 days to 180 days 3.75%
    181 days to 270 days 4.00%
    271 days & above and less than 1 year 4.25%
    1 year 5.03%
    Above 1 Year but less than 2 Years 5.00%
    Above 2 Years but less than 3 Years 5.10%
    Above 3 Years but less than 5 Years 4.50%
  5. Domestic, NRO, NRE Fixed Deposit Rates (Above Rs. 15.1 Lakh to less than Rs. 2 Crores)

    Rates with effect from 22nd March 2022:

    Tenure General Citizens Senior Citizens
    1 year 5.05 5.55*
    Above 1 Years to 400 days 5.25 5.75*
    Above 400 days but less than 2 Years 5.25 5.75*
    Above 2 Years but less than 3 Years 5.25 5.75*
    Above 3 Years but less than 5 Years 5.45 6.10***
    Above 5 Years but less than 10 Years 5.45 6.45**

    *Includes additional Rate of Interest of 0.50%

    **Includes additional Rate of Interest of 0.50% + 0.50%

    ***Includes additional Rate of Interest of 0.50% + 0.15%

  6. Domestic, NRO, NRE Fixed Deposit Rates (Above Rs. 2 Crores to less than Rs. 10 Crores)

    Rates with effect from 25th February 2022:

    Tenure Interest Rate (% per annum)
    1 Year 4.35%
    Above 1 Year to less than 2 Years 4.10%
    Above 2 Years to less than 3 Years 4.10%
    Above 3 Years to less than 5 Years 4.10%
    Above 5 Years to less than 10 Years 4.10%
  7. FCNR(B) Foreign Currency Non-Resident Deposits

    Rates with effect from 16th April 2022:

    Maturity Period USD GBP EUR AUD
    1 Year to less than 2 years 1.18 1.45 0 0.44
    2 Years to less than 3 years 1.60 1.81 0 0.92
    3 Years to less than 4 years 1.83 1.93 0.01 1.28
    4 Years to less than 5 years 1.94 1.94 0.11 1.55
    5 Years 2.02 1.91 0.17 1.67
  8. NRE Term Deposit Below Rs. 2 Crores

    Rates with effect from 22nd March 2022:

    Tenure Interest Rate (% per annum)
    1 year 5.00%
    Above 1 Years but less than 400 days 5.20%
    Above 400 days but less than 2 Years 5.20%
    Above 2 Years but less than 3 Years 5.20%
    Above 3 Years but less than 5 Years 5.35%
    Above 5 Years but less than 10 Years 5.35%
  9. NRE Term Deposit Above Rs. 2 Crores but less than Rs. 10 Crores

    Rates with effect from 25th February 2022:

    Tenure Interest Rate (% per annum)
    1 Year 4.25%
    Above 1 Year but less than 2 Years 4.00%
    Above 2 Years but less than 3 Years 4.00%
    Above 3 Years but less than 5 Years 4.00%
    Above 5 Years but less than 10 Years 4.00%
Investment Plans for NRIsInvestment Plans for NRIs

About 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

Types of FDs for NRIs

The Bank of Baroda offers plenty of options for NRI to invest in fixed deposit schemes. The list of FDs and the Bank of Baroda NRE FD rates are as follows.

  1. NRO (Rupee) Fixed Deposits

    • The account holder has an option to park his/her money in the bank free of cost.

    • The bank account details are kept confidential.

    • The bank provides auto-renewal for the one-year matured term deposit. The bank auto-renews the principal amount on its due date.

    • The interest rates for the upcoming year are applied to the renewed deposit.

    • The account holder can plan his/her finances as per the due date.

    • The account holder can use the deposit receipts to avail of loans and overdrafts.

    • The bank also provides an option to choose a nominee.

    Investment Plans for NRIsInvestment Plans for NRIs
  2. Foreign Currency Linked Rupee Deposits Scheme

    • It provides the combined benefits of NRE Rupee Deposits and FCNR Deposits.

    • The maturity value is calculated in foreign currency at the inception.

    • It reduces the risk of capital loss at the exchange rate.

    • The bank accepts Standing instructions from the account holders and executes them at their convenience.

    • The account holder can edit the name and modify it accordingly.

    • The foreign currency-linked rupee deposits scheme provides for easy liquidity and currency convertibility.

    SIP Investment for NRIsSIP Investment for NRIs
  3. Foreign Currency Non-resident Term Deposit

    • The foreign currency non-resident term deposit plan enables the account holder to repatriate the matured amount in a foreign currency of his choice.

    • The account holder can transfer funds from the FCNR account to any of the NRI accounts.

    • The scheme also offers income tax benefits on the interest earned.

    • The details related to transactions and accounts are confidential.

    • The account holder can repatriate the entire funds.

    • The customer can also provide standing instructions to renew the matured amount for the upcoming tenure automatically.

    • The bank permits joint account holding where one or more customers can hold the same account.

    • The customer needs to submit his KYC documents every two years; failure to do so can result in the crystallization of the deposit by the end of three years.

    • The scheme provides easy liquidity for the depositors.

    Investment Plans for NRIsInvestment Plans for NRIs
  4. NRE (Rupee) Fixed Deposits

    • The customer can open an account by wiring money from a foreign country.

    • The customer can also open an account by paying the dues in INR.

    • The methods mentioned above are used to convert the existing domestic account to an NRO account.

    • The bank accepts deposits for time horizons ranging from fifteen days to one hundred and twenty months.

    • The NRE fixed deposit plan enables the NRIs to invest from local profits/yields.

    • The bank provides an option to keep the deposit receipt free of cost.

    • The scheme provides an auto-renewal feature for one year.

    • The bank also issues intimation of due dates for better preparedness.

    • The bank keeps the information of the account holders safely and securely.

    • The customer is allowed to prematurely withdraw the deposit for renewal at a better interest rate.

    • The scheme allows relatives to apply as joint holders to the account.

Conclusion

The bank of Baroda provides a variety of NRI services such as fixed deposit schemes and other investment schemes to transfer money from abroad. The bank's global presence has helped customers abroad avail of services and provides hassle-free remittances to the family and loved ones of the account holder. The bank has also implemented the Global Treasury Solutions worldwide at several locations in Europe, Asia, and the Middle East.

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