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  • Baroda Samriddhi Quarterly Recurring Deposit

     5.0 / 5.0   by 7 users
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    Fees & Charges

    Promised Interest Rate

    Customer Service


    A recurring deposit is helpful to people who can save in small amounts rather than lump sums. These deposits help individuals build a savings fund or corpus which can be used for investment or emergencies. Bank of Baroda offers a unique scheme to help customers save in quarterly instalments rather than every month. This scheme aims at cultivating a habit of regular savings. Interest is also calculated on a quarterly basis. A customer requires Rs. 500 to open the deposit, and subsequent deposits can be made in multiples of Rs. 100.

    Features and Benefits

    Deposit amount

    One can open this deposit with a minimum of Rs. 500. After the initial deposit, subsequent instalments can be in multiples of Rs. 100.


    The minimum tenure required on this scheme is 36 months. The maximum tenure available is 120 months. So customers can choose to deposit money within a range of 3 years to 10 years.

    Interest Rates

    The interest offered on this deposit is compounded per quarter. The interest is paid out on maturity of the RD.

    Premature Withdrawal

    Bank of Baroda allows you to prematurely close your deposit. The penalty for this facility is that your interest will be calculated at 1% lesser than the applicable rate of interest for the period completed.


    There is a facility for nomination available. This allows you to name your spouse, family member or close person to receive the deposit amount in case of your unfortunate death.

    Loan Facility

    You can avail of a loan or overdraft against your Samriddhi Quarterly RD. Bank of Baroda will loan you up to 95% of the RD amount.

    Interest Rate of Baroda Samriddhi Quarterly Recurring Deposit

    The interest rates offered on these deposits range from 6.75% to 7.30%. The rates are subject to change from time to time. Bank of Baroda’s revised interest rates will be applicable to new and renewed deposits.

    Revision Dates


    Interest Per Annum

    Ordinary Citizen

    Senior Citizen

    W.e.f. 16.12.15

    3 Years to 5 Years



    Above 5 Years to 8 Years



    Above 8 Years to 10 Years



    W.e.f. 05.11.15

    3 years and up to 10 years.



    Documents Required

    To open a Baroda Samriddhi Quarterly Recurring Deposit, you need to submit the following documents.

    • An introduction as per Bank of Baroda’s norms.
    • Proof of Address
    • Passport size photo

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    Customer Reviews

  • Page 1 of 1
    • 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? 1
      , 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? 1
      , 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? 4
      , 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? 6
      , kolkata
      Reviewed on Dec 11, 2015
    • Bank of Baroda Recurring Deposit
      "Double on Double "
      0.5 5.0/5 "Blown Away!"
      We had an good scheme for the recurring deposit account. YSJY scheme is an government plan which starts from 1000 rupees where I can deposit some amount to them and at the end i will be getting some good benefits. This was there with BANK OF BARODA only where other banks is not having it. Financially I am getting good benefits from this account.
      Was this review helpful? 10
      , chennai
      Reviewed on Nov 27, 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? 5
      , 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? 7
      , nagpur
      Reviewed on Sep 16, 2015
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