FD Interest Rates 2024
(Rates Effective from February 10, 2020)
Bank of Baroda Fixed Deposit
Last Updated : March 6, 2020, 2:42 p.m.
About Bank of Baroda Fixed Deposit
Looking for easy investment plans? Bank Of Baroda brings for all investors an opportunity to earn good returns on fixed deposits. The deposits can be liquidated easily and you can avail loan against your deposit. The interest is paid at the frequency decided by the depositor. The investment in these fixed deposit schemes is highly beneficial as it helps in growing your principal at minimal risk. The schemes are:
- Bank of Baroda Short Deposit
- Bank of Baroda Term Deposit
- Baroda Tax Savings Term Deposit
- Bank of Baroda Regular Income Plan
- Bank of Baroda Monthly Income Plan
- BOB Suvidha Fixed Deposit Scheme
Bank of Baroda Fixed Deposit Interest Rate Tables
| Interest Rate on Term Deposits (w.e.f. 10.02.20) | |
|---|---|
| Tenure | Below ₹2 Cr. |
| 7 days to 14 days | 4.50% |
| 15 days to 45 days | 4.50% |
| 46 days to 90 days | 5.00% |
| 91 days to 180 days | 5.00% |
| 181 days to 270 days | 5.50% |
| 271 days & above and less than 1 year | 5.50% |
| 1 year | 6.00% |
| Above 1 year and 400 days | 6.00% |
| Above 400 days and upto 3 Years | 6.00% |
| Above 3 Years and upto 5 Years | 6.25% |
| Above 5 Years and upto 10 Years | 6.00% |
Note – Additional interest rate of 0.50% for senior citizens for deposits less than 2 crores
| Tenure | Rate of Interest for amount ₹ 2 Crore to ₹ 10 Crore | Rate of Interest for amount Above ₹10 crore to ₹ 25 crore | Rate of Interest Above ₹ 25 Crore To ₹ 50 Crore | Rate of Interest Above ₹ 50 - 100 Crore | Rate of Interest Above ₹100 crore |
|---|---|---|---|---|---|
| 7 days to 45 days | 4.30% p.a. | 4.30% p.a. | 4.30% p.a. | 4.30% p.a. | 4.30% p.a. |
| 46 days to 90 days | 4.75% p.a. | 4.75% p.a. | 4.75% p.a. | 4.75% p.a. | 4.75% p.a. |
| 91 days to 180 days | 4.75% p.a. | 4.75% p.a. | 4.75% p.a. | 4.75% p.a. | 4.75% p.a. |
| 181 days to 270 days | 5.00% p.a. | 5.00% p.a. | 5.00% p.a. | 5.00% p.a. | 5.00% p.a. |
| 271 days & above and less than 1 year | 5.10% p.a. | 5.10% p.a. | 5.10% p.a. | 5.10% p.a. | 5.10% p.a. |
| 1 year | 5.10% p.a. | 5.10% p.a. | 5.10% p.a. | 5.10% p.a. | 5.10% p.a. |
| Above 1 year to 3 years | 5.10% p.a. | 5.10% p.a. | 5.10% p.a. | 5.10% p.a. | 5.10% p.a. |
| Above 3 years to 5 years | 5.10% p.a. | 5.10% p.a. | 5.10% p.a. | 5.10% p.a. | 5.10% p.a. |
| Above 5 years to 10 years | 5.10% p.a. | ** | ** | ** | ** |
How to Apply?
The application process is simple. Just visit the nearest branch office and contact the customer care executive. The executive will assist you in opening the fixed deposit account.
Eligibility
- An individual in his own name
- Jointly by more than one individuals
- In the names of Clubs, associations, Educational Institutions, Partnerships and joint stock companies and any other institutions, which are eligible to open a Term Deposit, account as per Bank rules.
- Minor of age 10 and above on terms laid down by the Bank
- Account in the name of minor with their father/mother, as guardian
Features of Bank Of Baroda Fixed Deposit
- High Liquidity
- Multiple Investment Schemes to opt from
- Benefit of 0.50% interest to senior citizens
- Loan/ Overdraft Facility
Bank of Baroda Fixed Deposit Schemes
1. Bank Of Baroda Short Deposit
| Particulars | Details |
|---|---|
| Minimum Investment Amount | ₹ 1,000 |
| Minimum Investment Period | 7 days |
| Maximum Investment Period | Less than 12 months |
| TDS | Applicable |
| Additional Interest Rate | 0.50% extra interest to senior citizens |
2. Bank Of Baroda Term Deposits
| Particulars | Details |
|---|---|
| Minimum Investment Amount | ₹ 1,000 |
| Additional Investment Amount | In multiples of ₹ 100 |
| Minimum Investment Period | 12 months |
| Maximum Investment Period | 10 years |
| Interest Payment | Half yearly |
| TDS | Applicable |
| Additional Interest Rate | 0.50% extra interest to senior citizens |
3. Baroda Tax Savings Term Deposit
| Particulars | Details |
|---|---|
| Minimum Investment Amount | ₹ 100 |
| Maximum Investment Amount | ₹ 1,50,000 |
| Minimum Investment Period | 5 years |
| Maximum Investment Period | 10 years |
| Premature Withdrawal | Not allowed |
| Loan/ Overdraft Facility | Not available |
| Nomination Facility | Available |
4. Bank Of Baroda Regular Income Plan
| Particulars | Details |
|---|---|
| Minimum Investment Amount | ₹ 1,000 |
| Additional Investment Amount | In multiple of Rs.100 |
| Minimum Investment Period | 12 months |
| Maximum Investment Period | 10 years |
| Interest Payout Option | Monthly, quarterly, half-yearly, yearly |
| Premature Withdrawal | Allowed |
| Loan/Overdraft Facility | Available upto 95% of deposit |
| TDS | Applicable |
| Nomination Facility | Available |
| Additional Interest Rate | 0.50% extra interest to senior citizens on deposits of Rs.10,000 & above |
5. Bank Of Baroda Monthly Income Plan
| Particulars | Details |
|---|---|
| Minimum Investment Amount | ₹ 1,000 |
| Additional Investment Amount | In multiple of Rs.100 |
| Minimum Investment Period | 12 months |
| Maximum Investment Period | 10 years |
| Interest Payout Option | Monthly |
| Premature Withdrawal | Allowed |
| Loan/Overdraft Facility | Available upto 95% of deposit |
| TDS | Applicable |
| Nomination Facility | Available |
| Additional Interest Rate | 0.50% extra interest to senior citizens on deposits of Rs.10,000 & above |
6. BOB Suvidha Fixed Deposit Scheme
| Particulars | Details |
|---|---|
| Minimum Investment Amount | ₹ 5,000 (deemed in 5units of ₹ 1,000) |
| Additional Investment Amount | In multiples of Rs.1,000 |
| Minimum Investment Period | 12 months |
| Maximum Investment Period | 5 years |
| Premature Withdrawal | Allowed |
| TDS | Applicable |
| Loan/Overdraft Facility | Available upto 95% of deposit |
| Additional Interest Rate | 0.50% extra interest to senior citizens on deposits of Rs.10,000 & above |
Eligibility
All individuals and HUF are eligible to invest in the product.
Bank Of Baroda Fixed Deposit Calculator
Want to know what amount you will get at the maturity. You can calculate the interest amount and the maturity value of your fixed deposit using FD calculator. Just enter the details like period of deposit and the amount of investment. The calculator will compute the value and help you in deciding the best investment plan.
Bank Of Baroda Fixed Deposit Application Form
To avail the Bank Of Baroda Fixed Deposit benefits you need to fill in the application form available at the branch offices. Visit the nearest branch to open your fixed deposit account.
Documents Required
| Type of Account holder | 'Officially Valid Documents' for Identity Proof & Proof of Address |
|---|---|
| Accounts of Individuals | 1. Passport 2. Driving license with photo 3.Permanent Account Number (PAN) card (will be accepted for Identity proof only) 4. Voter’s Identity Card issued by Election Commission of India 5. Job card issued by NREGA duly signed by an officer of the State Government 6. The letter issued by the Unique Identification Authority of India containing details of name, address and Aadhaar number. 7. Passport Size Photographs |
| In case of Foreign Students | 1. An Identity Card issued by college / institution 2. An admission letter for the course mentioning duration of course for which he / she is admitted by the Institute / College 3. Copy of Passport and copy of Visa. |
| Accounts of Companies | (All following documents to be obtained) 1. Certificate of Incorporation 2. Memorandum & Articles of Association 3. Resolution of the Board of Directors and Power of Attorney granted to its managers, officers or employees to transact on its behalf An officially valid document in respect of managers, officers or employees holding an attorney to transact on its behalf. |
| Accounts of Sole Proprietary firms | (Any two of the following documents to be obtained) 1. Proof of the name, address and activity of the concern, like registration certificate (in case of registered concern) 2. certificate of / license issued by the municipal authorities under Shop & Establishment Act 3. sales and income tax returns 4. CST / VAT certificate 5. Certificate / registration document issued by Sales Tax / Service Tax / Professional Tax authorities 6. License issued by the Registering authority like certificate of Practice issued by Indian Institute of Chartered Accountants of India, Institute of Cost Accountants of India, Institute of Company Secretaries of India, Indian Medical Council, Food and Drug Control Authorities, etc. Registration / licensing document issued in the name of proprietary concern by the Central Government or State Government Authority / Department, IEC (Importer Exporter Code) issued to the proprietary concern by the office of DGFT as an Identity document 7. The complete Income Tax return (not just the acknowledgement) in the name of Sole Proprietor where the Firm’s income is reflected, duly Authenticated/ Acknowledged by the Income Tax Authorities 8. Utility bills such as electricity, water, and landline telephone bills in the name of the proprietary concern as required documents for opening of bank accounts of proprietary concerns. OR In case where the branches are satisfied that it is not possible to furnish two such documents, they would have the discretion to accept only one of those documents as activity proof. In such cases, the branches would have to undertake contact point verification, collect information to establish the existence of such firm, confirm, clarify and satisfy that the business activity has been verified from the address of the proprietary concern. AND Any Officially valid document (as given above for Accounts of individuals) identifying proprietor with his/her photograph. |
| Accounts of Partnership firms (Registered) | (All following documents to be obtained) 1. Registration certificate 2. Partnership deed and An Officially valid document in respect of the person holding an Attorney to transact on its behalf. |
| Accounts of Trusts & Foundations | (All following documents to be obtained) 1. Registration Certificate 2. Trust Deed and Any Officially valid document (as given above for Accounts of individuals) for verifying identity and address Proof of Trustees, settlers, beneficiaries and persons holding Power of Attorney, Founders/ Managers Directors/Signatories. |
| Accounts of Unincorporated Associations or body of individuals/Soci ety / Clubs. For unregistered entities (whether partnership firm, trusts, foundations etc) | All following documents to be obtained) 1. Resolution of the Managing body of such association or body of individuals 2. Power of Attorney granted to him to transact on its behalf 3. An Officially valid document in respect of the person holding an Attorney to transact on its behalf and 4. Any one of the below mentioned list of documents to collectively establish the legal existence of such an associations or body of individuals a. Partnership Deed/ Trust Deed b. Certificate of / license issued by the municipal authorities under Shop & Establishment Act c. Sales Tax Returns d. CST / VAT certificates e. Certificate / registration document issued by Sales Tax / Service Tax / Professional Tax authorities f. License issued by the Registering authority like certificate of Practice issued by Indian Institute of Chartered Accountants of India, Institute of Cost Accountants of India, Institute of Company Secretaries of India, Indian Medical Council, Food and Drug Control Authorities, etc. g. The complete Income Tax return (not just the acknowledgement) in the name of Sole Proprietor where the Firm’s income is reflected, duly Authenticated/ Acknowledged by the Income Tax Authorities h. Utility bills such as electricity, water, and landline telephone bills in the name of the proprietary concerns |
| Accounts of Hindu Undivided Family | (All following documents to be obtained) 1. Declaration from the Karta 2. Any Officially valid document (as given above for Accounts of individuals) to verify the identity and address of Karta 3. HUF Letter signed by all the adult co-partners |