BoB RD Interest Rates 2025

BOB RD Rates 2025 for Deposits up to Rs. 2 Crores with Premature Withdrawals (Domestic/ NRO) – w.e.f. 2025

Below are RD Interest rates of BOB for callable deposits of up to Rs. 2 crores:

Disclaimer: RD Interest rates are subject to change with time. Policybazaar does not endorse, rate, or recommend any particular company or product. The policyholder bears the investment risk in the investment portfolio. 

What are BOB RD Interest Rates?

Bank of Baroda (BOB) Recurring Deposit schemes are a type of savings account where customers can deposit a fixed amount at regular intervals for a predetermined period.

It offers varying BOB RD interest rates depending on the following:

• RD Deposit Amount

• Tenure of RD

At maturity, the customer can withdraw the principal amount along with the accumulated interest.

Types of Bank of Baroda Recurring Deposit Accounts

There are two types of recurring deposits available at the Bank of Baroda. Let us learn about them in detail.

1. Bank of Baroda Recurring Deposit Scheme

   Fundamental features of BOB RD Scheme are:

   Features	Details
   RD Interest Rates	4.50%– 6.75% p.a.
   Senior Citizen Special RD Rates	0.50% to 1.00% p.a. additional to regular customer RD rates For RD of up to Rs. 2 Crores
   RD Period	6 months – 10 years
   RD Deposits Maturity	Later the following: 1 month after the last RD instalment On Due Date
   RD Instalment Amount	Rural/ Semi-urban: Rs. 50 per month (thereafter, in multiples of Rs. 50) Urban/ Metro Cities: Rs. 100 per month (thereafter, in multiples of Rs. 100) Maximum Amount for Minor RD Accounts: Rs. 1 lakh A fixed instalment is paid every month by the due date
   RD Contribution Frequency	Monthly
   RD Interest Compounding	Quarterly Paid at the end of maturity
   Nomination Facility	Available
   Loan Against RD	Loan/ overdraft of up to 95% of the RD amount
   Delayed Payment of Instalment	Penalty is charged as per the following rates: Rs. 1.00 per delayed payment of Rs. 100 per month Late payment of instalments in the same calendar month of the due date is considered as timely paid
   Premature Exit	1% penalty on interest earned
   Taxation	Tax Deduction at Source (TDS) is charged as per the prevailing income tax rates u/ IT Act, 1961 TDS is deducted if the interest earned is >Rs. 40,000 in a year No TDS is levied on submission of Form 15G/15H

   People Also Read: BoB FD Interest Rates for Senior Citizens

2. Flexible Recurring Deposit Scheme – Yatha Shakti Jama Yojana

   The key features of the BOB Flexible RD Scheme are listed below:

   Features	Details
   RD Interest Rates	4.50% – 6.75% p.a.
   Senior Citizen Special RD Rates	0.50% to 1.00% p.a. additional to regular customer RD rates For RD of up to Rs. 1 crore
   RD Period	1 year – 10 years
   RD Deposits Maturity	RD deposits maturity dates are later of the following: 1 month after the last RD instalment On Due Date
   Flexibility
   RD Instalment Amount	Rs. 100 monthly (thereafter, in multiples of Rs. 100) Instalment amount is flexible Can be increased up to 3 times/ Rs. 10,000 per month of the pre-decided instalment Maximum Amount for Minor RD Accounts: Rs. 1 lakh
   RD Contribution Frequency	Monthly
   RD Interest Compounding	Semi-Annually Paid Semi-Annually
   Nomination Facility	Available
   Loan Against RD	Loan/ overdraft of up to 95% of the RD amount
   Delayed Payment of Instalment	No Penalty on delayed payment
   Premature Exit	1% penalty on interest earned
   Taxation	Tax Deduction at Source (TDS) is charged as per the prevailing income tax rates u/ IT Act, 1961 TDS is deducted if >Rs. 40,000 interest is earned in a year No TDS is levied on submission of Form 15G/15H
   Convertibility	You can convert a Baroda Regular RD Account to Baroda Yatha Shakti Jama Yojana Scheme Account

   (Note: It is suggested to use RD calculator online tool to analyse the RD returns befor making investment decision.)

Eligibility Norms

If you fall under one or more of the following categories, you are eligible to join the Bank of Baroda Recurring Deposit Scheme. They are:

• Individual Citizens

• Single Account

• Joint Account

• NRIs through NRO account

• Minor (age < 10 years), through their guardian

• Clubs

• Associations

• Educational Institutions

• Partnerships

• Joint Stock Companies

How to Open a Bank of Baroda Recurring Deposit Account?

Opening a Bank of Baroda Recurring Deposit (RD) account is a simple and easy process. Here are the steps to open a BOB RD account:

Step 1: Visit the nearest Bank of Baroda branch to open an RD account

Step 2: Fill up the RD account opening form with the required details, such as:

• Personal information

• Deposit amount

• Tenure

Step 3: Submit the form with the required documents, such as:

• PAN card

• Address proof

• ID proof

• Passport size photographs

Step 4: Make the initial deposit as per the terms and conditions of the selected RD scheme

Step 5: Once the RD account is opened, the bank will provide you with the account details such as account number, deposit amount, tenure, and interest rate

Step 6: Set up standing instructions with your bank to automatically debit the deposit amount from your savings account each month

NOTE: You can also apply for a Bank of Baroda account through net banking/ mobile banking. 

Documents Required

The essential documents required to open a BOB RD Scheme Account are as follows:

Benefits of BOB RD Scheme

The major benefits of the Bank of Baroda Recurring Deposit Scheme are mentioned in the list below:

• Flexible investment options

• Guaranteed returns

• Regular savings

• Easy to open and operate

• Nomination facility

• Loan and Overdraft facility

In Brief

Bank of Baroda offers a range of Recurring Deposit (RD) schemes to help customers regularly save money and earn interest. BOB RD scheme provides flexible investment options, guaranteed returns, regular savings, nomination facility, and loan facility to its customers. 

Overall, the BOB RD scheme is a valuable investment option for individuals looking to save and earn interest on their savings.