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Bank of Baroda RD Interest Rates

Bank of Baroda offer you attractive interest rates when it comes to recurring deposits. The rate of return offered on various RD tenures range between 5.50% to 6.60% for general public. Senior citizens are offered an additional interest of 0.50% on all tenures. The tenure for which an RD can be opened with Bank of Baroda is in the range of 180 days to 10 years. 

Listed below are the interest rates offered by Bank of Baroda , according to the tenure selected by the customer. 

Tenure Regular RD interest rates (p.a.) Senior citizen RD rates (p.a.)
91 to 180 days 5.50% 6.00%
181 to 270 days 6.00% 6.50%
271 days to less than 1 year 6.00% 6.50%
1 Year 6.45% 6.95%
Above 1 Year to 400 days 6.60% 7.10%
401 days to 2 years 6.55% 7.05%
2 to 3 years 6.45% 6.95%
3 to 5 years 6.25% 6.75%
5 to 10 years 6.25% 6.75%

Note: The rate of interest mentioned above is for deposits less than Rs.2 crore.  

Important Information about recurring deposit schemes offered by Bank of Baroda  

Minimum amount to be deposited Rs.50 (Rural and semi-urban branches)
Rs.100 (Urban and metro branches)
Tenure 6 months to 120 months
Additional interest rate for senior citizen 0.50% 
What is the maximum interest rate offered by the bank? 6.60% (General Public)7.10% (Senior Citizens)
For which tenure is the highest interest rate offered? 12 months 1 day to 400 days
What is the maximum loan amount that can be availed against the recurring deposit? 95% of the recurring deposit amount
TDS on the RD account Will be deducted as per Income Tax rules (if Form 15G/15H, no TDS will be deducted)
Penalty for delayed payments of instalments Re. 1 for Rs.100 per month

Eligibility Criteria for Bank Of Baroda Recurring Deposit Scheme

  • An individual in his/her name 
  • More than one individual in joint name 
  • Minor above 10 years of age 
  • In the name of a minor with their father/mother as per the bank’s extant guidelines. 
  • Club, association, educational institutions, joint stock companies if the bank is satisfied that they are genuinely opening the account for saving money. 

Documents Required for Bank Of Baroda RD Scheme

  • Photocopy of ID proof 
  • Photocopy of address proof 
  • Income proof 

Short-Term Bank of Baroda Recurring Deposit Interest Rates 

Recurring deposit accounts opened for a short-term helps you earn interest in the range of 5.50% to 6.25% p.a. Short-term RDs are those which are opened for a period that ranges between 180 days to less than a year.

Medium-Term Bank of Baroda RD Interest Rates 

If you open an RD account for a medium-term tenure, the rate of interest offered by Bank of Baroda is in the range of 6.45% to 6.60% p.a. The tenures that range from 1 year to 5 years.

Long-term Bank of Baroda RD Interest Rates 

An RD account opened for long-term helps to get interest of 6.45% p.a. Any tenure opted above 5 years falls under the category of long-term tenure.

Bank of Baroda Recurring Deposit Schemes 

Bank of Baroda offers different types of recurring deposit schemes in which you can invest your money. These are: 

  • Yatha Shakti Jama Yojna (Flexible Recurring Deposit Scheme): The bank pays interest on a half-yearly basis under the scheme. The account can be opened with a minimum amount of Rs.100 while the maximum deposit amount can be increased up to 3 times of the core instalment, subject to a maximum of Rs.10,000 per month. The tenure of deposit offered by the bank for this scheme is between 12 months to 120 months. You can avail 95% of the outstanding balance in the RD account as loan or overdraft facility. In case of premature withdrawal, the bank shall levy of penalty of 1%. 
  • Baroda Holiday Saving Recurring deposits: Under this recurring deposit scheme, the minimum monthly contribution is Rs.100 and the minimum/maximum tenure is 12 months. Interest earned in the account is paid on a quarterly compounding interval. In case of premature withdrawal, a penalty of 1% from the applicable rate is deducted. 
  • Regular Income Cum Recurring Deposit:  The minimum amount of deposit under this recurring deposit scheme is Rs.1,000. The tenure you can opt for ranges between 12 months to 120 months. Interest earned on the deposit is paid on a half-yearly basis after being compounded quarterly. The bank does not levy any penalty for premature withdrawal of deposits up to Rs.5 lakhs if the amount was with the bank for a period of 12 months.  

More you need to know about Recurring Deposit

Bank of Baroda RD Schemes

Read More Articles On RD

News About Bank of Baroda Recurring Deposit Interest Rates

  • Bank of Baroda Reduces Their Interest Rates On Savings Account Deposits

    The leading bank in our country, State Bank of India recently left many of their customers perplexed by reducing their interest rate on savings bank account deposits. They reduced their interest rate on their savings deposit account. Following SBI, Bank of Baroda as well has reduced their interest rate on their savings account deposits to 3.5% on deposits of up to Rs.50 lakh.

    In a regulatory filing, Bank of Baroda stated that starting from 5 August 2017 they have decided to introduce a 2-tier savings bank interest rate. On the other hand, the bank has not changed the interest rates for deposits more than Rs.50 lakh.

    18 August 2017

  • Bank of Baroda Revises Recurring Deposit Rates

    Bank of Baroda (BOB) has made minor modifications to its recurring deposit rates for deposit that amounts up to INR 1 crore.

    Details are as follows:

    Those who have Recurring Deposits at Bank of Baroda with a tenure of six months will now receive an interest rate of 6.50% as opposed to 7.50% previously. RDs of senior citizens too saw a slight dip and it now stands at 7% when it was 8% before.

    Recurring Deposits for any period that ranges from one year to five years will receive 7.30% interest when it was 7.75% before. The rates for senior citizens with RDs too saw a sharp dip from 8.25% to 7.80%.

    Rates for deposits with tenure ranging from five years to ten years is now only 7.30% from the previous 7.50%. Rates given to senior citizens too were slashed by .20% and it now stands at 7.80% compared to the 8% before revision.

    2 March 2016

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BOB RD Rates Reviews

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  • Bank of Baroda Recurring Deposit
    "Good investment for future"
    0.5 5.0/5 "Blown Away!"
    Percentage of interest in Bank of Baroda around 7% for one year, generally I deposit the amount around Rs.4000, I opened for one year. They have good online options, I can track the RD details. They take some charge for the premature of recurring deposit.
    Was this review helpful? 4
    , jaipur
    Reviewed on Dec 20, 2018
  • Bank of Baroda
    Bank of Baroda Recurring Deposit
    "Good Bank"
    0.5 5.0/5 "Blown Away!"
    I had Recurring Deposit account with Bank of Baroda. RD period was one year and every month I used to pay 2500 rupees. The interest rate was around 6% which is the same like other banks I believe. At the end of the year, they were able to release the amount on time.
    Was this review helpful? 10
    , hyderabad
    Reviewed on May 09, 2017
  • Bank of Baroda Recurring Deposit
    "Nice Bank"
    0.5 5.0/5 "Blown Away!"
    Recently I invested in Recurring Deposit account with Bank of Baroda. The monthly payment was around 1000 rupees, therefore they did not deduct anything from my salary account. The tenure period is for five years. After five years, they would return my money 86000 rupees. Interest rate provided by them is very much nominal.
    Was this review helpful? 16
    , bangalore
    Reviewed on May 09, 2017
  • Bank of Baroda Recurring Deposit
    "Easy EMI for Start saving for future"
    0.5 5.0/5 "Blown Away!"
    It is easy process to open RD through Netbaking in Bank of Baroda. I used to make the through auto debit in monthly bases with good interest rates. I could pay minimum of 500 to 1 Lakhs according to my convenient. Service and response was really good and supportive.
    Was this review helpful? 9
    , jaipur
    Reviewed on Nov 14, 2016
  • Bank of Baroda Recurring Deposit
    0.5 4.0/5 "Great!"
    Two months ago I used the Bank of Baroda to open recurring deposit for the amount of seven thousand and another is for 500. Interest rate is very less as that is 7.5%. It is online recurring deposit so every time I am paying payment through ecs. Date of payment is 5th.
    Was this review helpful? 9
    , kolkata
    Reviewed on Dec 11, 2015
  • Bank of Baroda Recurring Deposit
    0.5 4.0/5 "Great!"
    I had the recurring the deposit with the Bank of Baroda. The rate of interest is around 9% for an year of time. Services are good with them. Customer service and the service are quiet good with them. Its easy to track my recurring deposit account through their online portal.
    Was this review helpful? 7
    , bhubaneshwar
    Reviewed on Sep 21, 2015
  • Bank of Baroda Recurring Deposit
    "Excellent !!!!!"
    0.5 4.0/5 "Great!"
    From bank of Baroda I have taken a Recurring deposit plan in which the interest rate offered is 8% for the minimum lock in period 1 year. In case we break the lock in period so the interest rate will be reduced. No activation or any processing fee is not covered.
    Was this review helpful? 10
    , nagpur
    Reviewed on Sep 16, 2015
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