Bank Of Baroda Fixed Deposit Interest Rate
- For one year term deposit, Bank Of Baroda gives an interest rate of 6.45%. Bank of Baroda is offering the highest rate of 6.60% on FDs with a tenure of above 1 year to 400 days.
- The fd rates in Bank of Baroda is at a minimum of 2.90% per annum, while this rate goes up to 5.30% per annum. As for the fixed deposit in Bank of Baroda, it can go above Rs.10 crores to Rs.25 crores for domestic investors. Features of Bank of Baroda Fixed Deposit Investment Amount Minimum - Rs. 15,01,000 Maximum- Rs.
- Bank Interest Rates On Deposits
- Bank Of Baroda Fixed Deposit Interest Rate October 2020
- Bob Saving Account Interest Rate
Fixed Deposit Account Rules
This option will give user to open fixed deposit online under the various schemes provided in the list.
Click on Invest menu. The Online Fd screen is displayed.
Loan against deposit provided on demand up to 95% of deposit amount without any guarantor. In case of premature payment, the deposit has to run for a minimum period of three months to earn interest. In case it has run for more than three months, interest @ 1% below the rate applicable for the period deposit has run with the banks will be paid.
What you see:
All Baroda Connect Retail users having full transaction rights can open Online Fixed Deposit Account. | |
Schemes offered | Presently, -7- schemes are offered which are given below:
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Period and minimum amount of deposit | Minimum period:-Presently, the minimum period for Online Fixed Deposit is 12 months. Maximum period :-Maximum period for Online Fixed Deposit is 120 months. Minimum amount:-The minimum amount accepted for Online Fixed Deposit is Rs.1,000/- with multiples of Rs.100/-. |
| Operational instructions | Term deposits are opened in single name (as available in the debit account). |
| Nomination Facility | Presently not available for joint account holders. Only existing nominee of debit account can be added to the OnlineFD account. |
| Deposit accounts of minor | Online Fixed Deposit will not be issued in the name of minor. Kindly approach the branch for opening of Deposit account in the name of minor. |
| Renewal of deposits | Online FD account will not be renewed automatically by the system. |
| Payment of deposit receipt/s on due date | On due date the maturity proceeds of fixed deposit, will be credited to the operative account from where the deposit was originated. |
| Prepayment of deposit | Currently not available online. For all pre- payments of Online FD and printing of FDRs, kindly approach your base branch. . |
| Rules regarding payment of interest on time depositst | Interest will be credited/ paid depending on the period and category of the depositor. Interest is payable, based on the scheme selected by the depositor at the time of opening of Online Fixed Deposit. . |
| Higher rate of interest to Senior Citizens | An additional rate of interest @ 0.50% on the Term Deposits of senior citizens resident in India who has completed the age of 60 years is paid as per guidelines. In case of Senior Citizen, the date of birth should be recorded with the Bank for availing of additional rate of interest. Kindly approach the branch for necessary modification of date of birth of senior citizen along with necessary proof. |
| Certificate of interest paid: | At the request of account holder, branches would issue certificate of interest paid on their deposit accounts . |
| Deduction of income tax at source from payment of interest on time deposits (section 194a of income tax act 1961): | TDS is deducted where total interest exceeds Rs.10,000/- on all time deposits as per Income Tax rules. For further details, kindly approach the branch . |
| Advances against bank's own deposit receipts | Advances against our Bank’s Online Fixed Deposit are available. Kindly obtain print of FD Receipt from the branch and advances will be made available as per Bank’s existing guidelines from branch. . |
| Debit Account used for opening Online FD account | Debit account used for opening Online FD account can be SB or CA account only. |
| Interest Rates | Prevailing rate of interest (Rate on the date of making FDR) will be applicable. |
Other terms and condition | All other terms and conditions, as applicable to non-online FDRs- available on our website, will be applicable to these FDRs |
Bank of Baroda is one of the country’s leading public sector banks which offer a wide range of fixed deposit schemes. The schemes include various types of tenure such as short, medium, and long-term at alluring Bank of Baroda FD interest rates. With the highest rate of interest as high as 6.70%, the bank also offers an interest rate up to 7.20% for senior citizens for FDs less than Rs.1 crore. With the BOB FD senior citizen can make it a reliable option of investment.
BOB allows investment as low as Rs.15,01,000 and up to Rs.10,00,00,000. While, other banks have limited tenure, BOB allows investment of 7 days to a maximum of 5+ years. Bank of Baroda is one of the few banks in India which allow low investment option of Rs.1,000 only for more than 15 days.
Bank of Baroda Fixed Deposit Interest Rate
A high interest rate provides customers with good returns so they can invest their money wisely. Given below is the table showing the Bank of Baroda FD interest rates for regular deposits that are less than Rs.1 crore.
Tenure | BOB FD Interest Rates (Annually) |
| 7 – 14 Days | 4.25 Percent |
| 15 – 45 Days | 4.75 Percent |
| 46 – 90 Days | 5.00 Percent |
| 91 – 180 Days | 5.50 Percent |
| 181 – 270 Days | 6.25 Percent |
| 271 – 364 Days | 6.35 Percent |
| 1 Year | 6.60 Percent |
| 1 – 2 Years | 6.70 Percent |
| 2 – 3 years | 6.60 Percent |
| 3 – 5 years | 6.70 Percent |
| More than 5 Years | 6.60 Percent |
As seen from the table, the interest paid to the users can vary from 4.25% to 6.70%. Also, the period of investment ranges from 7 days to more than 5 years. To get maximum returns, customers need to compare the interest rates with short term, medium term, and long term tenures. Match the two elements to calculate the best return from your hard-earned money.
Bank Interest Rates On Deposits
Bank of Baroda Senior Citizen FD
Bank of Baroda offers BOB FD senior citizen with higher interest rates for senior citizens than the regular deposits. With attractive interest rates as high as 7.20%, all senior citizens aged 60 years and above can gain higher rates of interest of 0.50% than the regular deposits. Given below is the table showing the BOB fixed deposit rates for senior citizens that are less than Rs.1 crore.
Tenure | BOB Senior Citizen FD Interest Rates (Annually) |
| 7 – 14 Days | 4.75 Percent |
| 15 – 45 Days | 5.25 Percent |
| 46 – 90 Days | 5.50 Percent |
| 91 – 180 Days | 6.00 Percent |
| 181 – 270 Days | 6.75 Percent |
| 271 – 364 Days | 6.85 Percent |
| 1 Year | 7.10 Percent |
| 1 – 2 Years | 7.20 Percent |
| 2 – 3 Years | 7.10 Percent |
| 3 – 5 Years | 7.20 Percent |
| More than 5 Years | 7.10 Percent |
Bank of Baroda FD schemes
As mentioned above, it offers many kinds of FD schemes. Following are the number of schemes which BOB provides to its customers.
Baroda Maha Utsav Fixed Deposit Scheme
Eligibility: All individuals and Hindu Undivided Family individuals.
Tenure: 1 year to 5 years
Interest rate: 4.50%-7.50%
Baroda Double Dhamaka Fixed Deposit Scheme
Eligibility: Single individual.
Minors below the age of 10 years and above.
Clubs, educational Institutions, associations, partnerships,and joint stock companies.
Tenure: Minimum 9 Years 04 months(8 Years, 9 months and 03 days for senior citizens).
Interest rate: 7.50%- 8.00%
Amount: Rs. 5,000 to Rs. 1 crore
Baroda Fast Access Deposit Scheme
Eligibility: An individual should be able to invest Rs. 10,000 to open this deposit and should have a current account with Bank of Baroda.
Tenure: 7 days-10 years
Interest rate: 4.50%-7.50%
Amount: Rs. 10,000
BOB Regular Income Plan
Tenure: 12-120 months
Interest rate: 6.75%-7.75%
Amount: Minimum Rs. 1,000
BOB Suvidha Fixed Deposit Scheme
Eligibility: residents of India
Tenure: 12-60 months
Interest rate: 6.75%
Amount: Rs. 1,000 to Rs. 10 crore
Bank of Baroda Monthly Income Plan
Bank Of Baroda Fixed Deposit Interest Rate October 2020
Eligibility: Indians with maximum age 60
Tenure: 12-120 months
Interest rate: 4% per annum
Amount: Rs. 1,000 to Rs. 5 lakhs
Bank of Baroda Regular Income cum Recurring Deposit
Eligibility: Resident of India with valid age proof
Tenure: 12-120 months
Interest rate: 4%
Amount: Rs. 1,000 to Rs. 5 lakhs
Baroda Tax Savings Term Deposit
Tenure: 5-10 years
Interest rate: 6.50%-6.25%
Bob Saving Account Interest Rate
Amount: Minimum Rs. 100
Bank of Baroda NRI Fixed Deposit Schemes
BOB also offers customers who are Non-Resident Indians (NRIs) good investment options when it comes to fixed deposits. The options include NRE, NRO and FCNR time deposits.
Bank of Baroda FD Calculator
BOB FD Calculator allows customers to find out how much interest they have earned on an FD. The FD calculator takes values such as the principal investment, the deposit term, the rate of interest, and the type of fixed deposit. It then calculates the amount one stands to receive on maturity. Customers can use this calculator to check investment values before applying free of cost.
How to Calculate BOB Fixed Deposit Interest Rate?
Use the BOB calculator to calculate the Bank of Baroda fd rates accurately and efficiently. The calculator estimates the interest and the total amount the customer will get upon maturity if input with the following variables:
- Deposit Amount: The principal amount invested in a particular deposit scheme.
- Deposit Interest Rate: The rate of return offered on the scheme.
- Deposit Tenure: The term or period for which the amount is invested for.
Once these details are entered, the user needs to click on the ‘calculate’ button. The result will then automatically be displayed. The greatest benefit of using this BOB fixed deposit rates calculator is that it saves the user’s time, effort, and money. Depositors can compare FDs of several banks and make real-time calculations, depending on the results, the user can then proceed with their desirable bank or scheme to invest their money. BOB FD calculator is the most efficient tool to pre-determine the earnings on the investment during or before the opening of an FD account.
It is never too late to start investing in a Fixed Deposit, and Bank of Baroda fd rates can undeniably bring a lot of returns to the customers.