Bank of Baroda Flexi Deposit

The Bank of Baroda Flexi offers you the flexibility to deposit a variable monthly deposit. You can earn high returns on these deposits. You can open a Baroda Flexi for a period that ranges from 1 year to 5 years.

The amount you deposit can be between £100 and £10,000 in one calendar month.

Updated On - 05 Sep 2025

Features of the Bank of Baroda Flexi Deposit

  1. You have the flexibility to deposit any amount you want from £100 to £10,000 in one calendar month.
  2. Please note that this is subject to a ceiling of 10 times of your initial amount that is committed when you open the account.
  3. The initial minimum deposit you can make can be £100.
  1. Your flexible deposit period is from 1 to 5 years.
  2. Please note that you can make deposits during one month. This is subject to a ceiling of £10,000.
  3. There is penalty for a non-deposit in any month.
  4. There is also an auto renewal facility and this is at no extra charge.
  5. Your interest earned will be paid on a daily product basis. This will be credited to your Flexi account on the 1 June and 1 December.
  6. You have the flexibility to deposit your instalments at any of the UK branches and remit via BACS/CHAPS
  7. There is a facility of loans/overdraft up to 90% of the balance of your deposit.
  8. You can set a standing instruction 'free of charge' for the fixed amount payable. This can be on a monthly basis from any operative account.
  9. You can also setup a standing instruction with your existing bank and transfer the fixed amounts every month to credit your Baroda Flexi account.

Exchange Rates

Currency

Rate

Amount

GBP/INR

102.40

Up to £1,000

GBP/INR

102.75

£1,001 - £5,000

GBP/INR

102.85

£5,001 - £15,000

USD/INR

73.80

Up to $10,000

Period

Amount GBP 500 and above up to GBP 1,000,000 (Interest rates gross/p.a.)

AER/Gross

6 months to less than 12 months

0.20%

0.20%

12 Months

0.40%

0.40%

Above 12 months to less than 24 months

0.40%

0.40%

24 months to less than 36 months

0.50%

0.50%

36 months to less than 48 months

0.55%

0.55%

48 months to less than 60 months

0.60%

0.59%

60 months

0.65%

0.64%

FAQs on Bank of Baroda Flexi Deposit

  • What is the tenure for which you can open a fixed deposit account?

    The minimum tenure for which you can open a fixed deposit account is 1 year while the maximum tenure can differ depending on the scheme. However, the maximum tenure offered is 10 years.

  • What will be the minimum amount I will have to deposit if I wish to open a fixed deposit account with Bank of Baroda?

    The minimum deposit amount will differ from scheme to scheme offered by Bank of Baroda. However, the minimum deposit amount may range between Rs.100 and Rs.5,000.

  • Can I open a fixed deposit account online?

    Yes, you can open a fixed deposit account online. You will have to submit the application form along with the necessary documents. The bank will verify them and if all the documents are in order, then you will be allowed to open a fixed deposit account in your name.

  • I am a senior citizen. Will I receive any benefit if I open a fixed deposit account with BoB?

    Yes, you will earn an additional interest of 0.50% your deposit amount if you open a fixed deposit account with Bank of Baroda.

  • I have some queries related to Bank of Baroda fixed deposit? Is there any toll-free number through which I can get in touch with a representative from Bank of Baroda?

    In case of any query, you can call the toll-free numbers 1800 258 44 55 or 1800 102 44 55.

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