Bank Of Baroda FD Rates

Bank of Baroda offers the Fixed Deposit (FD) scheme at attractive interest rates with a tenure ranging between 7 days and 10 years. The bank offers three types of FDs - Short Term Deposits, Long Term Deposits, and Capital Gain Account Scheme, 1988. Senior citizens are provided an additional interest rate on the FD scheme.

Bank of Baroda Domestic Fixed Deposit Rates (Below Rs.2 crore)

Tenure Rate of Interest (p.a.)
7 days – 14 days 2.80%
15 days – 45 days 2.80%
46 days – 90 days 3.70%
91 days – 180 days 3.70%
181 days – 270 days 4.30%
271 days – Less than 1 year 4.40%
1 year 4.90%
Above 1 year – 400 days 5.00%
Above 400 days – Up to 2 years 5.00%
Above 2 years – Up to 3 years 5.10%
Above 3 years – Up to 5 years 5.25%
Above 5 years – Up to 10 years 5.25%

Note: Bank of Baroda can change the interest rates at any given time without prior notice. The above-mentioned interest rates are effective from 10 May 2021.

In the case of senior citizens, an additional interest rate of 0.50% is offered for a tenure ranging between 7 days and 5 years. An additional interest rate of 1.00% is provided for a tenure ranging between 5 years and 10 years (valid until 30 June 2021).

Bank of Baroda Tax Savings Term Deposit Rates

Tenure Rate of Interest for General Public (p.a.) Rate of Interest for Senior Citizens (p.a.)
5 years 5.25% 5.75%
Above 5 years – Up to 10 years 5.25% 6.25%

Note: Bank of Baroda can change the interest rates at any given time without prior notice. The above-mentioned interest rates are effective from 10 May 2021.

Bank of Baroda NRI FD Rates

Bank of Baroda NRE FD Rates – Below Rs.2 crore (Callable)

Tenure Rate of Interest (p.a.)
1 year 4.90%
Above 1 year – 400 days 5.00%
Above 400 days – Up to 2 years 5.00%
Above 2 years – Up to 3 years 5.10%
Above 3 years – Up to 5 years 5.25%
Above 5 years – Up to 10 years 5.25%

Note: Bank of Baroda can change the interest rates at any given time without prior notice. The above-mentioned interest rates are effective from 10 May 2021.

Bank of Baroda FCNR FD Rates

Tenure AUD EUR GBP USD
1 year – Less than 2 years 0.22 0 0.49 0.58
2 years – Less than 3 years 0.31 0 0.67 0.65
3 years – Less than 4 years 0.44 0 0.83 0.85
4 years – Less than 5 years 0.72 0.06 0.97 1.09
5 years 0.97 0.15 1.08 1.32

Note: Bank of Baroda can change the interest rates at any given time without prior notice. The above-mentioned interest rates are effective from 10 May 2021

Features and Benefits of Bank of Baroda Fixed Deposits

The main features and benefits of the FD scheme offered by Bank of Baroda are mentioned below:

  • The tenure of the scheme ranges between 7 days and 10 years.
  • Competitive interest rates are offered.
  • Nomination facility is provided.
  • Safe deposit lockers are provided.
  • Loans can be availed against the balance that is available in the account.
  • Convenient withdrawal options.
  • Outstation cheque collections.

Eligibility Criteria

The below-mentioned individuals and entities can open an FD account with Bank of Baroda:

  • Limited companies
  • Associations, societies, and clubs
  • Trusts
  • Hindu Undivided Families (HUFs)
  • Educational, charitable, and religious institutions
  • Sole proprietorships
  • Resident citizens
  • Non-Resident Individuals (NRIs)
  • Minors
  • Partnership firms

Documents Required

  • Proof of address such as electricity bill, passport, or telephone bill
  • Proof of identity such as Voter ID, passport, driving license, or Permanent Account Number (PAN) card

Types of Fixed Deposit Schemes Offered by Bank of Baroda

The three different types of FD schemes that are offered by Bank of Baroda are mentioned below:

  • Short Term Deposits
  • Long Term Deposits
  • Capital Gain Account Scheme, 1988

FAQs on Bank of Baroda FD Rates

  1. Can I open a Bank of Baroda FD account online?

    Yes, Bank of Baroda provides you with an option to open an FD account online.

  2. Does Bank of Baroda provide you with the premature withdrawal facility?

    Yes, Bank of Baroda provides the premature withdrawal facility on its FD accounts. However, a penalty may be levied in the case of premature withdrawal.

  3. Can I avail a loan against the FD?

    Yes, you can avail a loan against the balance that is available in the account.

  4. What is the highest interest rate that is offered by Bank of Baroda on its FD?

    The highest interest rate that is offered by Bank of Baroda is 5.25% p.a. for a tenure that ranges between 3 years 1 day and up to 10 years.

  5. Can I add nominees to the FD account?

    Yes, you can add nominees to the FD account.

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