Bank Of Baroda FD Interest Rates 2025

Bank of Baroda Tax Savings Term Deposit Rates

Note: Bank of Baroda can change the interest rates at any given time without prior notice. The above-mentioned interest rates are effective from 14 October 2024.

Bank of Baroda Bulk Deposit Rates (Above Rs.3 crore)

Note: Bank of Baroda can change the interest rates at any given time without prior notice. The above-mentioned interest rates are effective from 14 December2024.  

Bank of Baroda NRI FD Rates

Bank of Baroda NRE FD Rates - Below Rs.3 crore (Callable)

Note: Bank of Baroda can change the interest rates at any given time without prior notice. The above-mentioned interest rates are effective from 14 October 2024.  

Bank of Baroda FCNR FD Rates

Note: Bank of Baroda can change the interest rates at any given time without prior notice. The above-mentioned interest rates are effective from 16 December 2024 – 15 th January 2025.

Features and Benefits of Bank of Baroda Fixed Deposits

The main features and benefits of the FD scheme offered by Bank of Baroda are mentioned below:

1. The tenure of the scheme ranges between seven days and ten years.
2. Competitive interest rates are offered.
3. Nomination facility is provided.
4. Safe deposit lockers are provided.
5. Loans can be availed against the balance that is available in the account.
6. Convenient withdrawal options.
7. Outstation cheque collections.

Eligibility Criteria

The below-mentioned individuals and entities can open an FD account with Bank of Baroda:

1. Limited companies
2. Associations, societies, and clubs
3. Trusts
4. Hindu Undivided Families (HUFs)
5. Educational, charitable, and religious institutions
6. Sole proprietorships
7. Resident citizens
8. Non-Resident Individuals (NRIs)
9. Minors
10. Partnership firms

Documents Required for Bank of Baroda FD

1. Proof of address such as electricity bill, passport, or telephone bill
2. Proof of identity such as Voter ID, passport, driving license, or Permanent Account Number (PAN) card

Types of Bank of Baroda FD Schemes 

Baroda Tax Savings Term Deposit Account 

1. The FD amount of the Tax Savings fixed deposit can be used for claiming income tax deduction under Section 80C of the Income Tax Act. 
2. This term deposit plan comes with three variants namely RIRD, MIP, and QIP. 
3. It has tenure ranging from five years to ten years. 
4. This term deposit plan comes with minimum and maximum deposit amount of Rs.100 and Rs.1.5 lakh, respectively. 
5. Section 80C of the Income Tax Act allows for tax advantages for investments made under this plan. 

1. Interest Payout - The interest amount earned from QIP and MIP variants will be paid to the depositors. 
2. Loan or Overdraft Facility - This term deposit does not provide any loan or overdraft facility. 
3. Premature Closure - In the event of the account holder's death, the account may be prematurely closed, but only in accordance with bank policies. 
4. Premature Withdrawal - Premature withdrawal facility is allowed on this scheme after the completion of five years of FD.  
5. Interest Rate - Given below are some of the benefits provided to the following groups: 

1. Senior citizens will receive 0.50% p.a. of additional interest rate for deposits below Rs.2 crore. 
2. Both present and existing staff of Bank of Baroda are eligible to earn additional interest rates on their term deposits. 
3. Any ex staff who is a senior citizen will enjoy additional interest rate on his or her deposit. 

Baroda Suvidha Flexible Fixed Deposit Scheme 

1. Baroda Suvidha Flexible Fixed Deposit Scheme provides the depositor liquidity in terms of flexible withdrawal of their investment and also offers overdraft facilities to its depositors. 

1. Its tenure ranges from one year to five years. 
2. The minimum deposit amount for this account Rs.5,000. The depositors can make additional depositors in multiples if Rs.1,000. 
3. There is no upper limit on the maximum deposit amount. The account can also be opened in the name of minors who are more than ten years and the maximum limit of minor account is Rs.1 lakh. 
4. Interest Payout - Half-yearly payments of the scheme's interest earnings will be made to the depositor. 
5. Interest Rate - When it comes to the interest rate, the scheme provides the following benefits to the depositors: 

1. Senior citizens will receive ab additional interest of 0.50% p.a. for FDs below Rs.2 crore. 
2. Present and ex-staff of Bank of Baroda will get additional interest on their deposits. 
3. Ex staff of Bank of Baroda who is a senior citizen will earn additional interest amount of both of these categories 

1. Loan or Overdraft Facility - Up to 95% of the account balance on the loan date is eligible for the loan or overdraft option. For small accounts (established in a single name) and Hindu Undivided Families, no advances are permitted on deposits. 
2. Premature Withdrawal - The depositors will get premature withdrawal facility on a minimum deposit amount of Rs.1,000. 

Monthly Income Plan (MIP) 

1. Monthly Income Plan (MIP) scheme provides a guaranteed monthly interest payout salong with overdraft facilities to the accountholders. 
2. It comes with tenure ranging from one year to ten years. 
3. Customers can opt for the Monthly Income Plan scheme with deposit amount as low as Rs.1,000. 
4. There is no upper limit on the maximum deposit amount. A minor account can also be opened for people above ten years of age with an upper limit of Rs.1 lakh. 

1. Loan or Overdraft Facility - The loan or overdraft facility is provided under this scheme on up to 95% of the balance amount in the account on the date of the loan. However, the scheme does not provide advances against deposits for minor accounts and HUFs. 
2. Non Fund Based Activities - Deposits made under this plan may also be used as a margin for other types of transactions, such as letters of credit, bank guarantees, credit reports, solvency certificates, etc. 
3. Security - Deposits done under MIP are considered as security by the government departments. 
4. Interest Rate - When it comes to the interest rate, the scheme provides following benefits to different groups of people: 

1. Senior citizens will receive extra 0.50% p.a. interest rates for deposits below Rs.2 crore. 

1. Current and ex staff of the Bank of Baroda will get additional interest on their deposits. 
2. Any ex-staff who is a senior citizen can get extra interest benefits of both of the above mentioned categories. 

1. Premature Withdrawal - Given below are the few of the conditions based on the premature withdrawal: 

1. The bank will not charge any penalty on premature withdrawal for deposits of up to Rs.5 lakhs if the amount is deposited for one year. 
2. The contracted rate or the rate on the day of accepting deposits until the period it has been in the bank (whichever is lower) is the interest rate applicable for premature withdrawal without the penalty. 

1. For premature withdrawal on deposits over Rs.5 lakhs with a tenure of one year, the interest rate for the amount that has been withdrawn will be 1% lesser than the present rate of accepting deposits till the time it has remained in the Bank of Baroda. 
2. According to bank policies, depositors must give a 31-day advance notice before prematurely withdrawing deposits of Rs.1 crore or more, and a 1.5% penalty would be added to the appropriate interest rate. 

Quarterly Income Plan (QIP) 

1. Quarterly Income Plan (QIP) scheme allows the customers to earn a fixed source of income on every quarter. 
2. It comes with a tenure of one to ten years. 

1. The minimum deposit amount for QIP plan is Rs.1,000. However, there is no upper limit on the maximum deposit amount. Having said that the upper limit for the minor accounts is Rs.1 lakh. 
2. Interest Payout - The interest amount earned from QIP and MIP will be deposited in the account of the depositors. 
3. Security - The deposits under QIP are considered as the government departments’ security. 
4. Loan or Overdraft Facility - Up to 95% of the account balance on the loan date is eligible for the loan/overdraft option. 
5. Non-Fund Activities - Amount deposited in QIP are accepted as a margin for non fund based activities such as bank guarantee, credit, solvency certificates, and credit reports. 

1. Interest Rate - When it comes to the interest rate, the scheme provides the following advantages to the following groups: 

1. Depositors above 60 years of age will get additional 0.50% p.a. for deposits less than Rs.2 crore. 
2. Existing and ex-staff of the Bank of Baroda are eligible for an additional interest on their deposits. 
3. Any ex staff of BOB who is also a senior citizen will enjoy the above mentioned benefits. 

1. Premature Closure - The following are the conditions based on the premature closure: 

1. The rate of interest will be 1 percent lower than the current frate payable on the deposit. 
2. No penalty will be charged for premature withdrawal on deposits with a deposit amount up to Rs.5 lakhs. 
3. A penalty of 1.5% on the interest rate will be charged for the entire deposit period for deposits of Rs.1 crore and above, which must be informed to the bank 31 days in advance. 

Capital Gain Account Scheme (CGAS), 1988 

1. This scheme has allowed the Bank of Baroda to accept deposits received from Long Term Capital Gains from transfer of capital assets. 

1. Type of Accounts -  The following are the two types of CGAS account: 

1. Account A is basically a savings deposit account. 
2. Account B is a Term Deposit Receipt (TDR)/ or a Special Term Deposit Receipt (STDR). 

1. Purpose - Anyone who wants to take advantage of tax benefits under Sections 54, 54B, 54D, 54F, and 54G of the Income Tax Act may open accounts under this programme, including individuals, associations, firms, Hindu Undivided Families (HUF), companies, etc. 
2. Tenure - The duration or tenure of this scheme on the basis of the following factors: 

1. If the capital gains are under Section 54, 54B, and 54F, the tenure will be two years from the date of transfer of the original asset. 
2. In case of the capital gains are under Section 54, 54D, 54F, and 54GB, the tenure will be of three years from the date of transfer of the original asset. 

1. The minimum deposit amount of CGAS is Rs.1,000. 
2. There is no upper limit on the maximum deposit amount. 
3. Interest Rate - The rate of interest for this scheme is based on the bank’s discretion. Senior citizens and ex staff or staff will not receive any additional interest. 

1. Loan or Overdraft Facility - Under the CGAS Account, no loan or overdraft facility is provided to the depositors. 
2. Non-Fund Based Activities - For non-fund based operations like letters of credit, bank guarantees, credit reports, solvency certificates, etc., deposits according to CGAS are also accepted as a margin. 
3. Security - Deposits done under this scheme are accepted as security by the government departments. 
4. Premature Closure - The account may be prematurely closed in the event of the account holder's death, but only in accordance with bank policies. 
5. Premature Withdrawal - No penalty will be levied on the deposits of up to Rs.5 lakhs if the amount has remained in the account for one year. 

Motor Accident Claims Annuity Deposit (MACAD) 

1. This Fixed Deposit (FD) programme helps with motor vehicle accident claims that are decided by courts or tribunals. Opening a linked savings account and making a one-time deposit into the MACAD account are required in order to receive monthly annuity payments from the FD until the end of its term. 
2. The tenure of the deposit ranges from three years to ten years. 
3. The minimum deposit amount is determined on the basis of monthly annuity for the tenure of MACAD. 
4. There is no upper limit on the maximum deposit amount. 

1. Loan or Overdraft Facility - The scheme does not provide any loan or overdraft facility to the depositors. 
2. Interest Rate - The rate of interest will be according to the FD tenure. Senior citizens will receive additional interest of 0.50% p.a. 
3. Premature Closure - The following are the conditions of premature closure: 

1. With the court's approval, a premature closure or partial payment of a lump sum is made. 
2. There is no penalty on premature closure. 

Baroda Advantage Fixed Deposits (Non-Callable) 

1. Baroda Advantage Fixed Deposits (Non Callable) scheme helps the customers receive differential rate of interest over the normal FD rates in exchange for undergoing the premature withdrawal option. 
2. Its tenure ranging from one year to ten years. 
3. The minimum amount of deposit for this scheme is Rs.15 lakhs, but there is no upper limit on the maximum deposit amount. However, the maximum limit of a minor account is Rs.1 lakh. 
4. Loan or Overdraft Facility - The loan or overdraft facility is available on up to 85 percent of the remaining amount available in the account on the date of loan. 

1. Non-Fund Based Activities - The deposits made under this scheme are accepted in the form of security by the government departments. 
2. Premature Closure - In the event of the account holder's passing, the account may be prematurely closed, but only in accordance with bank policies. 
3. Interest Rate - When it comes to the interest rate, the scheme provides the following benefits to the depositors: 

1. Senior citizens will receive ab additional interest of 0.50% p.a. for FDs below Rs.2 crore. 
2. Present and ex-staff of Bank of Baroda will get additional interest on their deposits. 

1. Ex staff of Bank of Baroda who is a senior citizen will earn additional interest amount of both of these categories 

1. Interest Payout - The interest amount received from this scheme will be paid to the depositors in the following way: 

1. For individuals and non-individuals: 

1. Non Callable FD QIP - The interest will be paid every quarter. 
2. Non Callable FD MIP -  The interest will be paid every month. 

1. Non Callable FD RIRD - The interest will be paid upon maturity. 

1.  For Banks: 

1. Non Callable FD QIP - The interest will be paid every quarter. 
2. Non Callable FD QIP - The interest will be paid every month. 
3. Non Callable FD RIRD - The interest will be paid upon maturity. 

Baroda Advantage Fixed Deposits NRO Non Callable 

1. Baroda Advantage Fixed Deposits NRO Callable scheme allows the Non Resident Ordinary (NRO) account holders to earn different interest rates over their normal FD rates in exchange for foregoing the premature withdrawal option. The customers can opt for the deposits in the form of QIP, MIP, or RIRD scheme. 
2. The tenure of the FD scheme ranges from one year to ten years. 
3. The minimum deposit amount for this account is Rs.15 lakh. 

1. The maximum deposit limit for this scheme is Rs.2 crores. 
2. Interest Rate - The rate of interest will be on a preferential basis as decided by the bank. 
3. Interest Payout - The frequency of interest payment will be similar to that of a normal term deposit. 

NRE Rupee Fixed Deposits 

1.  The Non-Resident External (NRE) Account holders can open an account using inbound transfers in a convertible currency through standard banking channels like SWIFT, demand draughts, telegraphic transfers, foreign currency, and traveler's checks under this Fixed Deposit (FD) system. 

1. The tenure ranges between one year to ten years. 
2. The minimum deposit amount for NRE Rupee scheme is Rs.15 lakhs. 
3. The maximum deposit amount for this scheme is Rs.2 crore. 
4. Interest Rate - The rate of interest is payable at the end of every quarter for cumulative deposits. No interest will be payable on deposits which remained in the bank below one year. 
5. Interest Payout -  The frequency of interest payment is similar to a normal term deposit product. 

1. Premature Closure - NRE rupee fixed deposit premature closure is allowed after a year, and the interest rate will be 1% less than the current rate payable on the deposit. 

NRO Rupee Fixed Deposits 

1. NRO Rupee Fixed Deposits account helps the Non Resident Indians (NRIs) to deposit the earnings they have made from India. 
2. The tenure of the NRO Rupee FD scheme is 15 days to ten years. 
3. Tax Rates: For Non-Resident Ordinary (NRO) Savings or FD accounts, if the DTAA is not applicable or the NRI depositor cannot produce the documents/formalities to advantage of withholding tax rebates, 30.90% withholding tax and related cess/surcharge are applicable. If a foreign company's net income exceeds Rs. 1 Crore, a surcharge of 2.5% of the TDS/tax amount is applicable. 

1. Interest Rate - Under this scheme, the interest is payable on a quarterly basis. 
2. Loan or Overdraft Facility - Overdraft facility and term loan facility is provided under this product. 
3. Premature Withdrawal -  Premature withdrawal is also allowed while renewing the FD at good interest rates without levying any penalty. 

Resident Foreign Currency Accounts 

1. Resident Foreign Currency Accounts is especially for NRIs who are returning from India to settle. These accounts should be maintained in foreign denominations such as GB Pound Sterling, United States Dollars, Australian Dollars, or Euro. 

1. The tenure of this scheme ranges from one year to five years. 
2. Interest Rates - The rate of interest for the Resident Foreign Currency (RFC) accounts with tenure between one year and five years will come with the same interest rates for Foreign Currency Non Resident (FCNR) deposits. However, the depositors will not get any interest for premature withdrawal before one year. 

Rupee Linked Foreign Currency Deposit Scheme for NRIs 

1. This foreign currency deposit account allows the NRIs to deposit inward remittances received in convertible currencies via normal banking channels such as foreign currency, demand draft, and SWIFT. 
2. The tenure for Rupee Linked Foreign Currency Deposit Scheme for NRIs is one, two, and three years. 

1. The minimum deposit amount for this scheme is USD 10,000 or its equivalent in AUD, GBP, and EUR. 
2. Interest Rates - This account offers the same interest rates as Foreign Currency Non-Resident (B) deposits. Deposits that have been held in the bank for less than a year are not subject to interest payments. 
3. Premature Withdrawal -  When it comes to the premature withdrawal, the forward contract will be cancelled. The customer needs to bear the total gain or loss from difference between exchange rate and the forward exchange rate. 
4. Interest Payout - The principal and interest are due together at maturity. Additionally, a forward contract may be booked on the deposit's whole maturity sum. 

Foreign Currency Linked Rupee Deposits (FCLRD) Scheme 

1. The Foreign Currency Linked Rupee Deposits Scheme provides advantages to both Foreign Currency Non Resident (FCNR) and Non Resident External (NRE) rupee deposits. It reduced the risk of losses due to the dip in the exchange rates because the maturity amount is decided in a foreign currency while opening the account. 
2. The tenure for this account is one year. 
3. The minimum deposit amount for this scheme is USD 10,000 or its equivalent in AUD, GBP, and EUR. 
4. Interest Payout - The principal and interest are due together at maturity. Deposits that have been held in the bank for less than a year are not subject to interest payments. Additionally, a forward contract may be booked on the deposit's whole maturity sum. 

Foreign Currency Non Resident B Term Deposit Scheme 

1. Foreign Currency Non Resident B Term Deposit Scheme helps the depositors in repatriating the principal as well as interest in foreign currency with no tax liability on the interest earned. 
2. The tenure of this scheme ranges from one year to five years. The depositors will receive cumulative interest after every six months under the reinvestment plan. 
3. Interest Payout -  For cumulative deposits, interest is paid twice a year, in March and September. Deposits that have been held in the bank for less than a year are not subject to interest payments. Additionally, a forward contract may be booked on the deposit's whole maturity sum. 

Bank of Baroda FD Calculator 

The customers who are interested to invest in Bank of Baroda FD can use Bank of Baroda FD Calculator. The users need to enter the amount that they are willing to deposit, tenure, and applicable rate of interest to know the maturity amount.