Bank of Baroda Recurring Deposit (RD)

Tenure	Rate of Interest for General Public (%p.a.)	Rate of Interest for Sr. Citizen(%p.a.)	Rate of Interest forSuper Senior Citizen(%p.a.)
181 days to 210 days	5.50	6.00	6.00
211 days to 270 days	5.75	6.25	6.25
271 days & above and less than 1 year	6.00	6.50	6.50
1 year	6.50	7.00	7.00
Above 1 year to 400 days	6.50	7.00	7.10
Above 400 days and upto 2 Years (except 444 Days)	6.50	7.00	7.10
Above 2 Years and upto 3 Years	6.50	7.00	7.10
Above 3 Years and upto 5 Years	6.40	7.00	7.10
Above 5 Years and upto 10 Years	6.00	7.00	7.00

Note: The rate of interest mentioned above is as on 8 August 2025 and are subject to change at the discretion of the bank. 

Also, Check - Fixed Deposit Interest Rates

Recurring Deposit Schemes Offered by Bank of Baroda

Minimum amount to be deposited	Rs.50 in rural and semi urban areas Rs.100 in urban and metro areas
Tenure	6 months to 120 months
Additional interest rate for senior citizen	0.50% for deposits below Rs.1 crore
What is the maximum interest rate offered by the bank?	7.65%
For which tenure is the highest interest rate offered?	For deposits ranging between 2 to 3 years
What is the maximum loan amount that can be availed against the recurring deposit?	95% of outstanding balance
TDS on the RD account	Will be deducted as per Income Tax rules (if Form 15G/15H, no TDS will be deducted)
Penalty for delayed payments of instalments	No penalty

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Eligibility Criteria for Bank of Baroda RD Scheme

1. All individuals and non-individuals.
2. Individual can open the account in his/her own name or in joint name.
3. Minor of 10 years or above.
4. In the name of a minor with their father or mother.
5. Club, association, educational institutions, joint stock companies
   

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Documents Required for BOB RD Scheme

1. Photocopy of ID proof
2. Photocopy of address proof
3. Passport-size photograph

Short-Term Bank of Baroda RD Interest Rates

Recurring deposit accounts opened for a short-term help you earn interest  of 5.50% p.a. Short-term RDs are those which are opened for a period that ranges between 181 days to 210 days

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Medium-Term Bank of Baroda RD Interest Rates

If you open an RD account for a medium-term tenure, the rate of interest offered by Bank of Baroda is in the range of 6.00% to 6.50% p.a. The tenures  range from  271 days to 5 years.

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Long-Term Bank of Baroda RD Interest Rates

An RD account opened for long-term helps to get an interest of 6.50% p.a. Any tenure opted above 5 years falls under the category of long-term tenure.

Types of BoB Recurring Deposit Schemes

As mentioned earlier, Bank of Baroda offers two types of recurring deposit schemes in which you can invest your money. These are

1. Yatha Shakti Jama Yojna (Flexible Recurring Deposit Scheme) - The bank pays interest on a half-yearly basis under the scheme. The account can be opened with a minimum amount of Rs.100 while the maximum deposit amount can be increased up to 3 times of the core instalment, subject to a maximum of Rs.10,000 per month. The tenure of deposit offered by the bank for this scheme is between 12 months to 120 months.
2. You can avail 95% of the outstanding balance in the RD account as a loan or overdraft facility. In case of premature withdrawal, the bank shall levy a penalty of 1%.
3. Recurring deposits - Under this recurring deposit scheme, the minimum monthly contribution is Rs.50 in rural and semi-urban branches and Rs.100  in the urban and metro branches. The minimum and maximum tenure is 6 months and 120 months respectively. Interest earned in the account is paid on a quarterly compounding interval. In case of premature withdrawal, a penalty of 1% from the applicable rate is deducted.

Bank of Baroda RD Schemes

1. Baroda Samriddhi Half Yearly Recurring Deposit
2. Baroda Samriddhi Quarterly Recurring Deposit
3. Bank of Baroda Yatha Shakti Jama Yojana
4. Baroda Regular Income Cum Recurring Deposit Scheme

RD Interest Rates

1. Uco Bank RD Interest Rates
2. Central Bank RD Interest Rates
3. Federal Bank RD Interest Rates
4. Indian Bank RD Interest Rates
5. Kotak Mahindra RD Interest Rates
6. IOB RD Interest Rates
7. Citybank RD Interest Rates
8. Indusind Bank RD Interest Rates
9. BOM RD Interest Rates

RD Article pages

1. Recurring Deposit Vs. Chit Fund
2. Miss to Pay the Recurring Deposit Due
3. Difference Between Recurring Deposit and SIP
4. Open RD Account through HDFC NetBanking
5. RD Account in SBI
6. Advantages of Recurring Deposit
7. Flexi RD
8. SBI Flexi RD Schemes
9. Monthly Recurring Deposit
10. Indian Bank Recurring Deposit
11. Union Bank Recurring Deposit
12. UCO Bank Recurring Deposit

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FAQs on BOB RD Interest Rates

• What is the maturity of deposit?

  The maturity of deposit is one month after payment of last installment or due date, whichever is later.

• Will TDS be deducted if I submit form 15G/15H?

  No, TDS will be deducted if you submit form 15G/15H as applicable.

• Is nomination facility available on recurring deposit accounts offered by Bank of Baroda?

  Yes, nomination facility is available.

• Can I regular RD be converted to Baroda Yatha Shakti Jama Yojana Scheme?

  Yes, a regular RD account can be converted to flexible recurring deposit scheme i.e., Baroda Yatha Shakti Jama Yojana Scheme.

• Is the flexible recurring deposit scheme available for NRE deposits?

  As of now, the product is not available for NRE deposits.

• Is it possible to terminate an RD prematurely?

  Yes, you can terminate an RD before its maturity date. However, in such cases, interest will be paid after deducting a penalty of 1% from the applicable rate or the contracted rate, whichever is lower. 

• Can I deposit a different amount each month in an RD account?

  In a standard RD account, you cannot vary the deposit amount each month. The fixed amount chosen at the start remains constant throughout the term. However, there is a Flexi Recurring Deposit option where monthly instalments can increase up to three times the core instalment, subject to a maximum of Rs.10,000 per month.  

• Does BOB allow partial withdrawal from RD accounts?

  No, the Bank of Baroda does not permit partial withdrawals from recurring deposit accounts. Once you deposit the money into your RD account, it remains locked in until the maturity date. This policy ensures the regularity and consistency of your savings, encouraging disciplined financial habits. 

• How is the penalty for late payments calculated?

  Payments made within the calendar month in which they are due are considered on time, and no penalty is imposed. If the payment is delayed beyond the due calendar month, a penalty of Rs. 1 plus GST is charged for every Rs.100 per month of delay. Any part of a month is treated as a full month for calculating the penalty. For example, if your monthly instalment is Rs.1000 and if you delay the payment by 15 days into the next month, you will incur a penalty of Rs.10 plus GST. 

• What happens when the RD account matures?

  Upon your RD account's maturity, the principal amount and accumulated interest can be transferred directly to your linked savings account. This provides you with immediate access to your matured funds. Alternatively, if you prefer to continue saving, the matured amount can be reinvested into fixed deposits, allowing your money to keep earning interest at a potentially higher rate. 

• Who is eligible to apply for an RD account?

  Indian residents and Hindu Undivided Families (HUF) are eligible to open an RD account with the Bank of Baroda. Additionally, Non-Resident Indians (NRIs) can also open a Bank of Baroda RD account through their Non-Resident Ordinary (NRO) and Non-Resident External (NRE) accounts. This broad eligibility ensures that a wide range of individuals can benefit from the disciplined saving mechanism offered by RD accounts.