Recurring Deposit Interest Rates below One Crore:
|Deposit Tenure||General RD Interest Rate||Senior Citizen RD Interest Rate|
|181 days to 270 days||6.5||7|
|271 days & above and less than 1 year||6.5||7|
|Above 1 year and upto 2 Years||6.9||7.4|
|Above 2 Years and upto 3 Years||6.75||7.25|
|Above 3 Years and upto 5 Years||6.75||7.25|
|Above 5 Years and upto 10 Years||6.5||7|
Get the Highest Interest Rates on Bank of Baroda Recurring Deposit
Bank of Baroda offers a wide range of investment schemes to its customers, and the most popular and beneficial product is the recurring deposit schemes. There are various RD schemes introduced by Bank of Baroda, and the interest rates offered on each RD by the bank varies according to the deposit tenure and other conditions. The minimum tenure for which a depositor can hold an RD with Bank of Baroda is 6 months and the maximum tenure is 10 years. For an investment amount below 1 crore, one can earn an attractive rate of interest ranging from minimum 6.50% to 7.30%.
Bank of Baroda Short-Term Recurring Deposit Interest Rates
Bank of Baroda offers depositors the choice of maintaining a recurring deposit with the bank for a short term as well. The minimum tenure available to depositors is 7 days to 14 days. For a period of 181 days to 270 days, the interest rate offered on a recurring deposit worth less than Rs. One Crore is 6.75%.
Bank of Baroda Medium and Long Term RD Interest Rates
Bank of Baroda Recurring Deposits can also be opened for a medium term of one to three years and for a long term of more than 3 years up to a maximum period of 10 years. For a deposit worth less than Rs. 1 crore over a period ranging from above 1 year and upto 2 Years, the interest rate offered on general RD is 7.00%. For deposits worth less than Rs. 1 crore over a period ranging from more than 3 years up to 10 years, the interest rate applicable is 6.50%.
Bank of Baroda Senior Citizen RD Rates
Senior citizens are eligible to avail an additional interest of 0.50% on the existing interest rates. This is also applicable for former employees as well as current employees of the bank. In this case, for a recurring deposit scheme for a tenure of 6 months to less than a year, senior citizens and former as well as current employees of the bank can avail 7% interest and for a period of above 2 Years and upto 3 Years, they can enjoy an interest rate of 7.35%. For a recurring deposit scheme held for a period more than 3 years to maximum 10 years, an interest rate of 7.00% can be availed by senior citizens.
More you need to know about Recurring Deposit
- RD Calculator
- Bank of Baroda Recurring Deposit
- Recurring Deposit
- Compare RD Interest Rate of Bank of Baroda with Other Banks and Institutions
Bank of Baroda RD Schemes
- Baroda Samriddhi Half Yearly Recurring Deposit
- Baroda Samriddhi Quarterly Recurring Deposit
- Bank of Baroda Yatha Shakti Jama Yojana
- Baroda Regular Income Cum Recurring Deposit Scheme
Read More Articles On RD
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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.
18th 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.
2nd March 2016