Money won’t grow in your mattress.
It will grow in a Fixed Deposit!
  • loading

    Overview of Bank Of Baroda Fixed Deposit  and 2 other FDs

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days to 10 Years
    4.5% - 6.9% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.49% - 8.19% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know

    Overview of Bank Of Baroda Fixed Deposit is Rated as "Excellent!" by 42 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Fixed Deposit BYTES FROM OUR KITCHEN

    Bank of Baroda Fixed Deposit

    Bank of Baroda is one of the most significant banks of the nation and is the second largest nationalized bank of India. The bank was founded in the year 1908 and has its headquarters in Vadodara, Gujarat. In the year 1969, the bank was awarded the ‘Nationalized’ status. The bank has a huge network of branches throughout the rural as well as urban areas of the country and has its corporate headquarters in Mumbai. Bank of Baroda has merged and taken over a few smaller Indian banks too.

    Currently, Bank of Baroda has total assets of over ₹ 3.58 trillion, along with a network of 4913 domestic branches and over 2000 ATMs across the country. Fixed deposits, whether long-term or short-term are quite popular a financial product with the bank. These Fixed Deposits come with the assurance of government back-up and hence the long-term deposits with Bank of Baroda are a preferable choice among customers.

    Who all can open a Fixed Deposit with Bank of Baroda?

    All individuals and HUFs are eligible to apply for a Fixed Deposit from Bank of Baroda. All time-deposits require proper introduction. For all other deposits, an application-cum-deposit slip is to be filled.

    What are the different Fixed Deposit schemes offered by Bank of Baroda?

    Bank of Baroda offers quite a few Fixed Deposit schemes, some of the major ones are:

    For Deposits up to 12 months:
    • Short Deposits
    For Deposits above 12 months of maturity period:
    • Baroda Maha Utsav Deposit Scheme
    • Baroda Double Dhamaka Fixed Deposit
    • Fast Access Deposit Scheme
    • BOB Suvidha Fixed Deposit Scheme
    • Regular Income Plan
    • Monthly Income Plan
    • Regular Income Cum Recurring Deposit
    • Capital Gain Account Scheme, 1988
    • Term Deposits
    • Baroda Tax Savings Term Deposit

    What is the minimum amount that can be used to open a Fixed Deposit with Bank of Baroda?

    The minimum amount required to open a short-term Fixed Deposit with Bank of Baroda is ₹ 1000 for a period of 15 days and above. For a minimum period of 7 days, the applicable deposit amount is Rs100/-lacs.

    What is the maximum amount that can be fixed in the Fixed Deposit scheme of Bank of Baroda?

    The maximum amount is ₹ 25 crore. However, deposits higher than a certain amount are subject to certain regulatory checks from the bank.

    What is the minimum and maximum deposit period available for Fixed Deposits of Bank of Baroda?

    Bank of Baroda Fixed Deposits come with a maximum deposit period of 120 months. However, in case of institutions, companies, government bodies and in case where interests of a minor are involved, deposits for a period of over 10 years may be accepted. The deposit period, however, in no case can exceed 20 years.

    What is the process of opening a Fixed Deposit account with Bank of Baroda?

    Fixed Deposit accounts with Bank of Baroda can be opened online from the comforts of your home or directly by visiting any of the bank branches. An online form needs to be filled for online application while a physical application form needs to be filled in case you visit the bank branch. Either form 401 or form 401A is filled before opening a Fixed Deposit account; while the former is for individuals, the latter form is meant for non-individual entities.

    Are tax-saver Fixed Deposits offered by Bank of Baroda?

    Yes. Fixed Deposits with a locking period of 5 years or more are subject to waived-off income tax under section 80C of the Income Tax Act.

    Are Fixed Deposits of Bank of Baroda, taxable?

    Yes. Bank of Baroda Fixed Deposits are taxable and are basically split up into two categories. First is those for which the deposit holder has furnished the PAN number while the other is for which the deposit holder has not furnished the PAN number. In case the interest on the FD is equal to or more than ₹ 10000 in a year, income tax at 10% is deducted. However, if the interest received in a year is more than ₹ 10000 and the PAN number has not been provided then a tax of 20% on the interest received is levied.

    What are the main highlights of Bank of Baroda Fixed Deposits?

    Bank of Baroda offers a wide variety of FD schemes based upon different deposit tenures and rates of interest. The bank also offers deposit schemes for NRIs as well as FCNR deposits. Bank of Baroda also offers deposits that are flexible with respect to withdrawal.

    Can I avail a loan from Bank of Baroda against a Fixed Deposit scheme of the bank?

    Yes. Loans can be sought from Bank of Baroda on deposits that are held with the bank. However, it depends solely on the discretion of the bank.

    Are special rates offered to senior citizens on Bank of Baroda Fixed Deposits?

    Yes. Special and higher rates of interest are offered to senior citizens who hold a fixed deposit with Bank of Baroda.

    Does Bank of Baroda offer credit cards against a Fixed Deposit held by a customer with the bank?

    No. Currently, credit cards from Bank of Baroda are offered to housing loan customers but not to customers who have a running Fixed Deposit with the bank.

    Does Bank of Baroda offer NRI Fixed Deposits?

    Yes, Bank of Baroda Offers a Non-Resident External (Rupee) Fixed Deposit account for NRIs.

    How can the NRE Fixed Deposit be opened and what are the features it offers?

    The NRE account can be opened either by Demand Drafts, Telegraphic Transfers, Telex or Mail transfers. This account ensures there is high level of confidentiality and offers a host of services like automatic renewal on due date, reinvestment plans for cumulative interest and quarterly interest plans. Individuals can choose to make payments in the currency of their choice. Accountholders get attractive interest rates on their investments and there is no income tax liability on these investments. Loans and overdrafts could be availed if need be by pledging the deposit receipts.

    Are premature withdrawals of NRE Fixed Deposits allowed?

    Yes, accountholders who wish to make premature withdrawals of their NRE Fixed Deposit can do so without hassle.

    Are there any charges levied on premature withdrawals?

    If accountholders choose to make premature withdrawals for renewal at better interest rate they can do it without a penalty component. In case of premature withdrawals where the face value of deposit is less than Rs 5 lakh and it has been with the bank for a minimum period of 12 months no penalty is charged. In case of all other premature withdrawals the interest will be released after a penalty of 1% is deducted from the original contracted rate or the applicable rate.

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar’s partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

     Loading your search... Loading your search...
  • Bank Of Baroda Fixed Deposit Reviews

    • Bank of Baroda Fixed Deposit
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I had Fixed Deposit account with Bank of Baroda about quite long back. The tenure period is six years and the fixed amount is four to five lakhs. The percentage of interest rate is quite good and they returned the money back with the promised interest amount.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 09, 2017
    • Bank of Baroda Fixed Deposit
      "Bulk amount with good interest and hassle free Opening"
      0.5 5.0/5 "Blown Away!"
      I had opened my Fixed deposit with saving account in BOB. With hassle free opening through netbanking it was more comfortable. I could view the current interest and period of time was transparent in the website. They used to provide interest on quarterly bases. I paid bulk amount single time with good interest credits.
      Was this review helpful? 8
      , jaipur
      Reviewed on Nov 14, 2016
    • Bank of Baroda Fixed Deposit
      "Good experience"
      0.5 4.0/5 "Great!"
      My parents were actually guiding me and its based on their advise, I decided to invest in Bank Of Baroda for FD. BOB has offered a very good rate and it is very much reliable. The tenure of the deposit is 5 years and this FD was taken before 3 years.
      Was this review helpful? 7
      , new delhi
      Reviewed on Jul 01, 2016
    • Bank of Baroda Fixed Deposit
      "Renewal of FD"
      0.5 4.5/5 "Excellent!"
      I was provided the highest interest rate and reminder of matured term deposit has been informed to me on the very next day which saved the interest loss to me . It seems to be very simple to renew the MTD (matured term deposit) at the latest updated interest rate.
      Was this review helpful? 5
      , mumbai
      Reviewed on Jun 13, 2016
    • Bank of Baroda Fixed Deposit
      "Good"
      0.5 4.5/5 "Excellent!"
      Bank of Baroda is offering 7% interest rate currently for the Fixed deposit plan with the tenure of five year. Initially they were offering 8% but now it has been reduced. The minimum amount to start the plan is rs.1000 there is no activation charges. I visited the bank to avail the facility and within five to ten minute the plan was activated.
      Was this review helpful? 9
      , chennai
      Reviewed on May 17, 2016
    • Bank of Baroda Fixed Deposit
      "Easy and Quick to open"
      0.5 5.0/5 "Blown Away!"
      Its really easy to open a fixed deposit with Bank of Baroda and they do offer a good interest rate based on the market price for this account.The customer service provided was good and I have been using this account for few months and waiting for the benefits.Its after 7years I will be getting double the amount through this fixed deposit. Customer Responsiveness is good.
      Was this review helpful? 11
      , ahmedabad
      Reviewed on Feb 25, 2016
    • Bank of Baroda Fixed Deposit
      "Better services"
      0.5 4.0/5 "Great!"
      I hold a fixed deposit with Bank of Baroda. It has been a satisfactory experience with them for the eight years I am banking. There is always a response from the bank. The services are good too. The rate of interest is good. No charges taken for any kind of facilities.
      Was this review helpful? 7
      , thrissur
      Reviewed on Feb 19, 2016
    • Bank of Baroda Fixed Deposit
      "Good scheme "
      0.5 5.0/5 "Blown Away!"
      The services was excellent by BANK OF BARODA for the Fixed Deposit product. I will get one 1% above than the normal rate because I am working for this bank. I can easily monitor the details being as a employee. They should have the attractive schemes like double one double offer which will be really attract the customers.
      Was this review helpful? 9
      , chennai
      Reviewed on Nov 27, 2015
    • Bank of Baroda Fixed Deposit
      "An oldest customers of this bank.."
      0.5 5.0/5 "Blown Away!"
      This is second year running for me and particularly I opened the fixed deposit for my daughter. With Bank of Baroda I have an account as since last five years and so I went with them. 8.3% is the rate for deposit and this is for year. And this is compounding rate. Over draft is also present.
      Was this review helpful? 8
      , mumbai
      Reviewed on Nov 27, 2015
    • Bank of Baroda Fixed Deposit
      "SAME AS OTHER BANKS"
      0.5 4.5/5 "Excellent!"
      Recently I opened an Fixed Deposit account with BANK OF BARODA for the purpose of tax deductions. This is the only reason I invested some money with them. I personally opened this account with them. The interest rates were nominal when compared with other banks. Customer service is also good. And nice servicse
      Was this review helpful? 10
      , mumbai
      Reviewed on Oct 12, 2015
    • Bank of Baroda Fixed Deposit
      "ROI Is Nominal "
      0.5 5.0/5 "Blown Away!"
      Mainly I opened an Fixed Deposit account with BANK OF BARODA for the purpose of tax deductions. This is the only reason I invested some money with them. I personally opened this account with them. The interest rates were nominal when compared with other banks.
      Was this review helpful? 3
      , bhopal
      Reviewed on Sep 15, 2015
    • Bank of Baroda Fixed Deposit
      "Awesome Bank"
      0.5 5.0/5 "Blown Away!"
      I hold a Fixed Deposit Account with BANK OF BARODA for more than eight years. I opened this account under the Double Amount Scheme. It is the only bank which offers 94 months time period for making payments. Under this scheme what are the amount I am making it will get doubled at the end. When compared with other banks BOB is the best bank to hold an F D account.
      Was this review helpful? 9
      , ghaziabad
      Reviewed on Sep 14, 2015
    • Bank of Baroda Fixed Deposit
      "They are fine..."
      0.5 4.0/5 "Great!"
      Rate of interest on fixed deposit is much higher in Bank of Baroda than other nationalized banks. More than that it is compounding and it accumulates yearly once. Penalty charge is of 1%, suppose customers want to break the policy in middle of the availed tenure period.
      Was this review helpful? 4
      , chandigarh
      Reviewed on Sep 12, 2015
    • Bank of Baroda Fixed Deposit
      "Better"
      0.5 5.0/5 "Blown Away!"
      Interest rate offered by Bank of Baroda for the fixed deposit plan is 10% and the minimum lock in period is for 3 months . There is no any activation charges and also no penalty in case we break the plan in between the tenure. The only thing is that we cant do any bargain in terms of the interest rate were as we can do with other banks. After the maturity the amount will be credited to the account automatically.
      Was this review helpful? 17
      , mumbai
      Reviewed on Sep 09, 2015
    • Bank of Baroda Fixed Deposit
      "Best and Safe"
      0.5 4.5/5 "Excellent!"
      My experience with BANK OF BARODA is good.Customers service of this bank is excellent and is satisfactory. The branch is keep updating us about maturity and the new plans through SMS and E-mails. currently i have 3 FDR with bank and i m very happy with the return. Its the Best investment i have ever done.
      Was this review helpful? 12
      , jaipur
      Reviewed on Jul 11, 2015
    • Bank of Baroda Fixed Deposit
      "Good and batter"
      0.5 3.5/5 "Pretty good"
      My experience with bank of baroda is good.bank of baroda interest rate is average and it's some high compared to other some bank. Customers service of this bank is excellent and is satisfactory as well as charges for this is high. My experience is good with thos bank
      Was this review helpful? 11
      , mumbai
      Reviewed on Jun 29, 2015
    • Bank of Baroda Fixed Deposit
      "VERY GOOD"
      0.5 4.5/5 "Excellent!"
      In bank of Baroda i have an fixed deposit plan. Through which i am getting 9.75 % interest rate for my deposit amount.I renew the tenure of the FD every year. In case if we plan to take the money in between the we will be charged the penalty. The customer service is good in the particular branch which i used to visit.
      Was this review helpful? 12
      , mumbai
      Reviewed on Jun 16, 2015
    • Bank of Baroda Fixed Deposit
      "Good"
      0.5 4.0/5 "Great!"
      In bank of Baroda i have an fixed deposit plan. Through which i am getting 9.75 % interest rate for my deposit amount.I renew the tenure of the FD every year. In case if we plan to take the money in between the we will be charged the penalty. The customer service is good in the particular branch which i used to visit.
      Was this review helpful? 9
      , new delhi
      Reviewed on May 21, 2015
    • Bank of Baroda Fixed Deposit
      "Excellent service provided"
      0.5 5.0/5 "Blown Away!"
      Its really easy to open a fixed deposit with Bank of Baroda and they do offer a good interest rate based on the market price for this account.The customer service provided was good and I have been using this account for few months and waiting for the benefits.Its after 7years I will be getting double the amount through this fixed deposit.
      Was this review helpful? 6
      , kolkata
      Reviewed on May 14, 2015
    • Bank of Baroda Fixed Deposit
      "Good Experience"
      0.5 4.0/5 "Great!"
      I am holding the fixed deposit as joint account for the last 4 to 5 years with Bank of Baroda.The rate of interest is okay and the services also good.As it is the government sector bank there is no friendly move with the executives of the bank.Rest things are really nice to deal with them.Overall it can be easily accessible and its nearby my locality.
      Was this review helpful? 4
      , new delhi
      Reviewed on May 05, 2015
    Common Loader Icon
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.