Bank of Baroda RD Interest Rates

What is Bank of Baroda Recurring Deposit

Bank of Baroda Recurring Deposit, also referred to as bob SDP (Systematic Deposit Plan), is a savings account where you put a fixed amount every month for a selected period. It helps you build a large corpus over time through contributions, promoting a disciplined saving habit.

You can start with small monthly instalments and choose flexible tenures from 6 to 120 months as per your financial goal. The interest you receive is added to your balance at maturity, so you get a higher amount by the end of the term.

To plan your long- or medium-term investments, you can also check Bank of Baroda FD interest rates.

Bank of Baroda Recurring Deposit Interest Rates

The following table provides the updated Bank of Baroda recurring deposit interest rates applicable across various tenures:

For Deposits Below ₹3 Crores:

*Bank of Baroda RD Interest Rates w.e.f. January 5, 2026

For Deposits More than ₹3 Crores to ₹10 Crores:

*Bank of Baroda RD Interest Rates w.e.f. January 5, 2026

Types of Bank of Baroda Recurring Deposit

These are the main types of Bank of Baroda recurring deposit schemes, each designed to meet different saving goals and investment capacities:

1. Bob Lakhpati

   This plan helps you accumulate a substantial amount through small monthly savings. You can select a tenure between 33 and 120 months, starting with instalments of ₹1,000 to ₹2,500. It offers savings growth, loans or overdrafts up to 95% of the deposit, includes a nomination facility, and has no penalties for missed instalments or early closure.

2. Bob Millionaire

   This scheme is for higher monthly savings to build a large fund. Tenure ranges from 33 to 120 months, with monthly instalments ranging from ₹10,000 to ₹25,000. It allows savings through fixed monthly deposits with flexible tenure and features like Bank of Baroda loan against RD, nomination, and quarterly compounded interest.

3. Bob Crorepati

   This plan is designed for customers aiming to accumulate significant wealth through large monthly deposits. You can choose a tenure from 45 to 120 months, with instalments between ₹60,000 and ₹2,00,000. It promotes disciplined savings and planned wealth growth. The plan also offers a loan or overdraft facility, flexible tenure options, and steady accumulation of a high maturity amount.

4. Bob SDP

   This is a regular recurring deposit plan suitable for many types of savers. You may start with ₹50 and choose a term from 6 to 120 months. It encourages a regular saving habit through fixed monthly deposits.

5. Bob Flexi Systematic Deposits Plan

   This scheme allows flexibility in monthly deposits based on your financial condition. You can begin with ₹500, with tenure from 6 to 60 months. It allows changing instalment amounts, making it suitable for variable income.

Key Features of Bank of Baroda RD

The following are the key features of Bank of Baroda Recurring Deposit.

• Multiple Scheme Choices: The bank provides different RD schemes, including Bob Lakhpati, Bob Millionaire, and Bob Crorepati. Each plan is set with clear savings targets, helping you arrange for your future financial goals.
• RD Premature Withdrawal: The Bank of Baroda RD premature withdrawal option allows closing deposits early during emergencies. Deposits up to ₹5 lakh held 12 months or more have no penalty. Deposits under 12 months or ranging from ₹5 lakh to ₹1 crore carry a 1% charge on the applicable or agreed interest. Deposits of ₹1 crore and above need 31 days advance notice with 1.5% deduction. This approach allows flexibility while keeping fair rules for interest adjustment.
• Easy Account Operation: You can manage your RD account with ease through branch services or linked accounts. This makes deposit handling easier and helps maintain regular payment routines.

How to Open a Bank of Baroda Recurring Deposit Account

Opening a Bank of Baroda RD account is simple and can be done online or by visiting a branch with basic details.

Online Method

Use net banking or mobile banking to open an RD account quickly and paperlessly.

• Login to Net Banking: Log in to Bank of Baroda net banking securely.
• Select Recurring Deposit Option: Choose the open new recurring deposit account option available.
• Enter Deposit and Tenure Details: Enter the instalment amount and select the right tenure.
• Choose Linked Bank Account: Use Bank of Baroda RD savings account or current account for monthly debit.
• Add Nominee and Maturity Instructions: Enter nominee details and carefully select maturity payment instructions.
• Submit and Confirm Account Opening: Verify details and submit to activate the recurring deposit account.

Offline Method

An RD account may be opened at your nearest Bank of Baroda branch through completion of an easy, simple process.

• Visit Nearest Bank Branch: Go to the nearby Bank of Baroda branch in person.
• Fill RD Account Opening Form: Complete the application form with the required personal and account details.
• Submit Required Documents: Share identity proof, address proof, and bank details.
• Choose Instalment and Tenure: Decide monthly deposit amount and choose a fitting deposit duration.
• Provide Nomination and Instructions: Complete nominee details and give maturity instructions for closure.
• Deposit First Installment Amount: Make the first instalment by cheque or cash for activation.

Eligibility Criteria for Bank of Baroda RD

Below are the clear rules for eligibility to open a Bank of Baroda Recurring Deposit account, based on official bank guidelines:

• Individual Account Holders: Any individual can open a recurring deposit account in their own name, provided they meet basic KYC requirements and banking norms.
• Joint Account Facility: More than one member can open a joint RD account. This allows family members or partners to save together under a single deposit account.
• Minor Eligibility: Children aged 10 years or older can open an RD account under certain terms. Accounts can also be opened with a parent or guardian.
• Institutional Eligibility: Entities such as clubs, associations, educational institutions, partnerships, and companies can open RD accounts, provided they are properly registered and meet bank conditions.
• KYC Compliance Requirement: Applicants must have a KYC-compliant savings or current account. Proper identity and address verification are required before opening the RD account.
• Resident Indian Eligibility: The RD account is mainly available for resident Indian customers. The plan is not available for certain categories, including NRE deposits, under this scheme.

Key Takeaways

Bank of Baroda RD offers disciplined savings with flexible options and stable growth. RD interest rates vary from 4.5% to 6.30% for general customers and reach up to 7% for senior groups. You may begin with a minimum deposit of ₹50 and choose a tenure between 6 and 120 months, making it suitable for short and long term financial planning.