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. 

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  

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.