|Tenure||Normal Citizen FD Rate||Senior Citizen FD Rate|
|7 days - 14 days||3%||3.5%|
|15 days - 1 month 15 days||3.5%||4%|
|1 month 16 days - 5 months 28 days||5%||5.5%|
|5 months 29 days - 6 months 28 days||5.5%||6%|
|6 months 29 days - 8 months 27 days||6%||6.5%|
|8 months 28 days - 11 months 29 days||6.25%||6.75%|
|11 months 30 days - 1 year 1 month 2 days||6.75%||7.25%|
|1 year 1 month 3 days - 1 year 1 month 3 days||7.15%||7.65%|
|1 year 1 month 4 days - 1 year 11 months 30 days||6.75%||7.25%|
|2 years - 2 years 11 months 30 days||7.25%||7.75%|
|3 years - 4 years 11 months 29 days||6.5%||7.15%|
|4 years 11 months 30 days - 9 years 11 months 28 days||6.5%||7.5%|
Note: All interest rates shown above are as on 6th Nov 2023
Bank of Baroda (BoB) was established in 1908 as a privately owned organization. Through a series of mergers and acquisitions, it expanded its operations before being nationalized in 1969. As of September 30th, 2022, the Government of India holds 63.97% of the shares in BoB. The bank has its headquarters in Vadodara. As of March 2022, the Bank of Baroda has 8,168 branch offices across India, 4 overseas offices in 17 countries and 9,845 ATMs. The total deposits as of March 2022 stood at INR 10,45,938.56 crores. Bank of Baroda’s Fixed Deposits has a AAA Credit Rating.
3% - 7.25%
3.5% - 7.75%
FD Rate for Seniors
₹ 2 Crores
Loan against FD
|Investment Amount||For 3 years with interest of 7.25%||For 5 years with interest of 6.5%|
|₹ 50,000||₹ 62,108||₹ 69,141|
|₹ 1 lakh||₹ 1,24,215||₹ 1,38,282|
|₹ 2 lakh||₹ 2,48,430||₹ 2,76,563|
|₹ 5 lakh||₹ 6,21,076||₹ 6,91,409|
|₹ 10 lakh||₹ 12,42,152||₹ 13,82,817|
Use FD calculator to change values and compare your returns from top banks.
|Maturity Amount||₹ 1,06,963||₹ 1,07,763|
|Total Investment Amount||₹ 1,00,000||₹ 1,00,000|
|Total Interest Gained||₹6,963||₹ 7,763|
|Bank Name||FD Interest Rates|
|Kerala Gramin Bank FD||7.5% - 8%|
|Punjab and Sind Bank FD||6% - 6.5%|
|Ellaquai Dehati Bank FD||6.25% - 6.75%|
|Manipur Rural Bank FD||6.2% - 6.7%|
|Sarva Haryana Gramin Bank FD||6.75% - 7.25%|
|City Union Bank FD||6.5% - 6.75%|
|LIC Housing Finance FD||7.75% - 8%|
|Dhanlaxmi Bank FD||6.5% - 7%|
|Tamilnad Mercantile Bank FD||6.5% - 7%|
|Capital Small Finance Bank FD||7.15% - 7.65%|
Bank of Baroda offers multiple fixed deposits (FD) for various tenures with different interest rates to its investors. The interest rate on BoB FDs is higher in their savings account. Furthermore, BOB FD rates for senior citizens are higher than regular FD rates. One can invest in BoB FDs through both online and offline modes with just a minimum investment of INR 1,000.
Following are the types of Bank of Baroda fixed deposit schemes:
Purpose: The Baroda Tiranga Plus Deposit Scheme is for 399 days. Offering high-interest rates.
Baroda Tiranga Deposit Scheme is a fixed deposit scheme for 444 days and 555 days.
Scheme Validity: 31st December 2022
The Quarterly Income Plan is designed for investors who require money on a quarterly basis to augment their income. Interest on Deposit is paid periodically under this arrangement. Every quarter, interest collected on a deposit provides a new source of income.
For deposits of Rs. 15.01 lakhs and above, the depositor receives a differential rate of interest. This ROI is over the usual FD deposit rate in exchange for foregoing the option of early withdrawal. All domestic branches will provide Baroda Advantage Fixed Deposits (non-callable).
One can open a Bank of Baroda FD account through various modes such as Internet Banking, Mobile App and offline.
The following steps will help an individual to open a Bank of Baroda FD account through internet banking:
To open a Bank of Baroda FD account offline, one has to visit the nearest Bank of Baroda branch. Fill the Bank of Baroda FD application form and submit all the necessary documents along with the deposit amount. On successful verification of the application, the Bank of Baroda will open the account and provide an FD receipt.
Bank of Baroda offers recurring deposits to its depositors. BoB recurring deposits have a minimum tenure of six months and a maximum tenure of 10 years. Depositors can open an RD account either by going to the BoB branch or online using internet banking.
Only investment in Bank of Baroda Tax Saving FD qualifies for tax saving up to INR 1,50,000 per annum. Investment in no other BoB FDs qualifies for tax saving under Section 80C of the Income Tax Act. The interest income from BoB FD is taxable as per the investor’s income tax slab rates. Moreover, the interest income is subject to a TDS of 10% if the income from Bank of Baroda FD exceeds INR 40,000 per annum. For senior citizens, the limit is INR 50,000 per annum. Also, if the investor doesn’t disclose PAN Card details to the Bank of Baroda, then the TDS rate will be 20%.
What is the highest Bank of Baroda FD rate today?
What is the highest interest rate on Bank of Baroda 1 year FD scheme?
What is Bank of Baroda FD scheme interest rate for 5 years?
How many years FD will double in Bank of Baroda?
What is Bank of Baroda FD minimum deposit amount?
What is senior citizen fixed deposit interest rates in Bank of Baroda?
What are the available FD tenures in Bank of Baroda?
What is Bank of Baroda FD ROI for 10 lakh deposit for 1 year?
The interest from the Bank of Baroda FD calculator for 10 lakh deposit for 1 year will be INR 69,628. The maturity value will be INR 10,69,628. You can use Scripbox’s FD Calculator to determine the maturity value of your investment.
How to check the fixed deposit balance in Bank of Baroda?
How many FDs can be opened in Bank of Baroda?