Bank of Baroda Fixed Deposit Rates
Bank of Baroda provides its customers with the FD (Fixed Deposit) Scheme at tempting interest rates. Customers can open an FD for tenure ranging from 7 days to 10 years. There are the 3 main types of FDS available at Bank of Baroda- Short term Despite, Long term deposits, and capital gain account scheme, 1988. Bank offers additional benefits to senior citizens on FD interest rates.
About Bank of Baroda
Bank of Baroda is the second largest bank in India with over 13.1 crore customer base across 21 countries. It is a public sector bank undertaken by the government of India. It offers various services and schemes to the customers like FDS, Saving accounts, Loans, Insurance, investment, etc.
Also Read: 8 Difference between Current Account and Savings Account
Bank of Baroda Fixed Deposit Rates 2023
| Tenure | Rate of Interest for General People | Rate of Interest for Senior Citizens |
| 7 Days to 14 Days | 2.80 % p.a. | 3.30% p.a. |
| 15 Days to 45 Days | 2.80% p.a. | 3.30% p.a. |
| 46 Days to 90 Days | 3.70% p.a. | 4.20% p.a. |
| 91 Days to 180 Days | 3.70% p.a. | 4.20% p.a. |
| 181 Days to 270 Days | 4.30% p.a. | 4.80% p.a. |
| 271 Days to less than 1 year | 4.40% p.a. | 4.90% p.a. |
| 1 Year | 5.00% p.a. | 5.50% p.a. |
| Above 1 Year to 400 Days | 5.45% p.a. | 5.95% p.a. |
| Above 400 Dyas to 2 years | 5.45% p.a. | 5.95% p.a. |
| 2 years to 3 years | 5.50% p.a. | 6.00% p.a. |
| 3 years to 5 years | 5.35% p.a. | 6.00% p.a. |
| 5 years to 10 years | 5.35% p.a. | 6.35% p.a. |
Note: These ROI are for amounts below Rs. 2 crores. Bank of Baroda’s fixed deposit rates of interest can be changed by the bank at any time without any prior notice.
Bank Of Baroda Tax Saving Term Deposit Rates
| Tenure | ROI ( General Public ) | ROI (Senior Citizens) |
| 5 years | 5.25% p.a. | 5.75% p.a. |
| 5 years to 10 years | 5.25% p.a. | 6.25% p.a. |
Note: Bank of Baroda Tax saving term deposit rates can be changed by the bank at any time without any prior notice.
Bank of Baroda Fixed Deposit Rates (For NRI) / Bank of Baroda NRI FD Rates
Bank of Baroda offers 2 FD schemes to NRIs- Bank of Baroda NRE FD and Bank of Baroda FCNR FD.
Bank of Baroda Fixed Deposit rates for NRE FD (Below RS. 2 Crore- Callable)
| Tenure | ROI |
| 1 year | 5.60% p.a. |
| 1 year to 400 Days | 5.85% p.a. |
| 400 Days to 2 years | 5.10% p.a. |
| 2 years to 3 years | 5.10% p.a. |
| 3 years to 5 years | 5.10% p.a. |
| 5 years to 10 years | 5.35% p.a. |
Note: Bank of Baroda Fixed Despite rates can be changed by the bank at any time without any prior notice.
Bank of Baroda Fixed Deposit Rates for FCNR FD
| Tenure | AUD | EUR | GBP | USD |
| 1 year – 2 years | 0.44 | 0 | 1.20 | 0.88 |
| 2 years to 3 years | 0.92 | 0 | 1.51 | 1.25 |
| 3 years to 4 years | 1.28 | 0.01 | 1.58 | 1.43 |
| 4 years to 5 years | 1.55 | 0.11 | 1.59 | 1.54 |
| 5 years | 1.67 | 0.17 | 1.56 | 1.62 |
Note: Bank of Baroda Fixed Deposit rates of interest can be changed by the bank at any time without any prior notice.
Eligibility criteria for Bank of Baroda Fixed Deposit
To leverage the attractive Bank of abroad Fixed Deposit Rates, you need an FD account. Following individuals or entities can open FD in Bank of Baroda:
- Limited Companies
- Associations, clubs, and societies
- Trusts
- Hindu Undivided families
- Institutions- Educational, charitable, and religious
- Sole Proprietorship
- Resident of India
- Non- Resident of India
- Minors
- partnership Firms
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Documents requires for the Bank of Baroda Fixed Deposit Scheme
You need to submit the following documents to open an FD and enjoy the Bank of Baroda Fixed Deposit Rates of interest:
- Address Proof: Electricity Bill, Passport, or Telephone Bill
- ID Proof: Voter ID, Passport, Driving license, or Permanent Account Number (PAN) Card
Benefits and Features of Bank of Baroda FD
Along with high Bank of Baroda fixed deposit rates of interest, It offers many other benefits too. The benefits and features of Bank of Baroda Fixed Deposit are:
- Automatic Renewal: Bank of Baroda offers an Automatic FD renewal facility to the customers. In such cases, no instructions are given by the customers. This facility ensures that customers don’t lose out on any bank of Baroda fixed deposit rates of interest at the end of tenure.
- Loans against FD: In case you face any financial emergency during the tenure of FD, you can opt for a loan option against your fixed deposit. Bank of Baroda offers loan approval up to 95% of your FD amount. The interest of this loan will be 1.50% to 1.75% p.a. over the Baroda fixed deposit rates of interest.
- Nomination Facility: The nomination facility is provided to individuals and sole proprietorship firms. In case you have a joint account, the nomination will be made by both depositors jointly.
- Minimum Rs.1000 Deposit: Bank of Baroda allows you to open the FD with the lowest amount of Rs.1000. There are many short-term and long-term FDs available at the bank. The amount of FD solely depends on your financial conditions.
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Types of Bank of Baroda FD Schemes
There are various FD schemes run by the Bank of Baroda. The details are:
| Schemes | Tenure | Minimum Deposit | Max. Deposit | ROI |
| Bank of Baroda saving term deposit Account | 5-10 years | Rs.100 | Rs. 1.5 lacs | Additional benefits for senior citizens and ex-staff |
| Baroda Suvidha Flexible Fixed Deposit Scheme | 1-5 years | Rs5000 | Rs. 1 lac | Additional benefits for senior citizens and ex-staff |
| Quarterly Income Plan | 1-10 years | Rs.1000 | Rs. 1 lac | Additional benefits for senior citizens and ex-staff |
| Motor Accident Claims Annuity Deposit | 3-10 years | Rs. 1000 | No limit | Additional benefits for senior citizens. |
| Capital Gain Account Scheme 1988 | 2 years | Rs. 1000 | No limit | Additional benefits for senior citizens and ex-staff |
| Baroda Advantage Fixed Deposits (non- Callable) | 1-10 years | Rs. 15 lacs with further deposits in multiple of Rs.1000 | No limit | Additional benefits for senior citizens and ex-staff |
| Baroda Advantage Fixed Deposit NRO Non-Callable | 1-10 years | Rs. 15 lacs with further deposits in multiple of Rs.1000 | Rs. 2 crores | As decided by the bank |
| NRE Rupee Fixed Deposits | 1-10 years | Rs. 15 lacs with further deposits in multiple of Rs.1000 | Rs. 2 crores | As decided by the bank |
| NRO Rupee Fixed Deposits | 15 days to 10 years | – | – | quarterly |
| Resident Foreign Currency Accounts | 1-5 years | – | – | As decided by the bank |
| Rupee Linked Foreign Currency Deposit Scheme for NRI | 1-3 years | USD 10,000 | – | As decided by the bank |
| Foreign Currency Linked Rupee Deposits Scheme | 1 year | UDD 10,000 | – | Interest on Maturity |
| Foreign Currency Non-Resident B term Deposit Scheme | 1-5 years | – | – | Half-yearly |
Frequently Asked Questions
Q1. What are the highest Bank of Baroda fixed deposit rates?
Ans. The highest Bank of Baroda Fixed Deposit rate is 5.50% p.a.
Q2. How often Bank of Baroda Fixed Deposit Rates are changed?
Ans. The bank of Baroda fixed deposit rates of interest changes according to the market fluctuations. So, there are no fixed ROI changes.
Q3. What is Non-callable FD?
Ans. In non-Callable FDs, depositors are not given the option for pre-mature withdrawal.
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