Bank of Baroda Fixed Deposit

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. 01.08.17)
TenorsBelow ₹ 1 Cr.
7 days to 14 days4.50%
15 days to 45 days4.50%
46 days to 90 days5.75%
91 days to 180 days6.25%
181 days to 270 days6.30%
271 days & above and less than 1 year6.40%
1 year6.60%
Above 1 year and 400 days6.65%
Above 400 days and upto 3 Years6.50%
Above 3 Years and upto 5 Years6.50%
Above 5 Years and upto 10 Years6.50%

TenureRate of Interest for amount ₹ 1 Cr. to ₹ 10 Cr. Rate of Interest for amount Above ₹ 10 cr. to ₹ 25 cr. Rate of Interest Above ₹ 25 cr. To ₹ 50 cr. Rate of Interest Above ₹ 50 -100 cr. Rate of Interest Above ₹100 cr
7 days to 45 days4.00% p.a.4.00% p.a.4.00% p.a.4.00% p.a.4.00% p.a.
46 days to 90 days4.00% p.a.4.00% p.a.4.00% p.a.4.00% p.a.4.00% p.a.
91 days to 180 days4.40% p.a.4.40% p.a.4.40% p.a.4.40% p.a.4.40% p.a.
181 days to 270 days4.50% p.a.4.50% p.a.4.50% p.a.4.50% p.a.4.50% p.a.
271 days & above and less than 1 year4.55% p.a.4.55% p.a.4.55% p.a.4.75% p.a.4.75% p.a.
1 year5.00% p.a.5.00% p.a.5.00% p.a.5.00% p.a.5.25% p.a.
Above 1 year to 3 years5.00% p.a.5.00% p.a.5.00% p.a.5.00% p.a..5.25% p.a.
Above 3 years to 5 years5.00% p.a.5.00% p.a.5.00% p.a.5.00% p.a.5.25% p.a.
Above 5 years to 10 years5.00% p.a.********
(Rates Effective from November 3, 2017)

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.

Bank of Baroda Fixed Deposit Schemes

1. Bank Of Baroda Short Deposit

ParticularsDetails
Minimum Investment Amount₹ 1,000
Minimum Investment Period7 days
Maximum Investment PeriodLess than 12 months
TDSApplicable
Additional Interest Rate 0.50% extra interest to senior citizens

2. Bank Of Baroda Term Deposits

ParticularsDetails
Minimum Investment Amount₹ 1,000
Additional Investment AmountIn multiples of ₹ 100
Minimum Investment Period12 months
Maximum Investment Period10 years
Interest PaymentHalf yearly
TDSApplicable
Additional Interest Rate 0.50% extra interest to senior citizens

3. Baroda Tax Savings Term Deposit

ParticularsDetails
Minimum Investment Amount₹ 100
Maximum Investment Amount₹ 1,50,000
Minimum Investment Period5 years
Maximum Investment Period10 years
Premature WithdrawalNot allowed
Loan/ Overdraft FacilityNot available
Nomination FacilityAvailable

Eligibility:

  • All individuals and HUF are eligible to invest in the product.

4. Bank Of Baroda Regular Income Plan

ParticularsDetails
Minimum Investment Amount₹ 1,000
Additional Investment AmountIn multiple of Rs.100
Minimum Investment Period12 months
Maximum Investment Period10 years
Interest Payout OptionMonthly, quarterly, half-yearly, yearly
Premature WithdrawalAllowed
Loan/Overdraft FacilityAvailable upto 95% of deposit
TDSApplicable
Nomination FacilityAvailable
Additional Interest Rate 0.50% extra interest to senior citizens on deposits of Rs.10,000 & above

5. Bank Of Baroda Monthly Income Plan

ParticularsDetails
Minimum Investment Amount₹ 1,000
Additional Investment AmountIn multiple of Rs.100
Minimum Investment Period12 months
Maximum Investment Period10 years
Interest Payout OptionMonthly
Premature WithdrawalAllowed
Loan/Overdraft FacilityAvailable upto 95% of deposit
TDSApplicable
Nomination FacilityAvailable
Additional Interest Rate 0.50% extra interest to senior citizens on deposits of Rs.10,000 & above

6. BOB Suvidha Fixed Deposit Scheme

ParticularsDetails
Minimum Investment Amount₹ 5,000 (deemed in 5units of ₹ 1,000)
Additional Investment AmountIn multiples of Rs.1,000
Minimum Investment Period12 months
Maximum Investment Period5 years
Premature Withdrawal Allowed
TDSApplicable
Loan/Overdraft FacilityAvailable upto 95% of deposit
Additional Interest Rate 0.50% extra interest to senior citizens on deposits of Rs.10,000 & above

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 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 Individuals1. 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 Students1. 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

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