Bank of Baroda FD Interest Rates

Bank of Baroda fixed deposits offer an opportunity to earn attractive interest on your surplus savings. The current Bank of Baroda FD rates for general are 4.25% to 7.25% and the Bank of Baroda FD rates for senior citizens range from 4.75 to 7.65% for domestic term deposits below 2 crores. With flexible FD tenures and a variety of Bank of Baroda FD schemes, it is an easily accessible as well as lucrative long-term investment plan.

Bank of Baroda Domestic FD Rates Below 2 Crores

The table below shows the Bank of Baroda fixed deposit rates for domestic term deposits including NRO, applicable against various tenures for both general and senior citizens. These rates are for Bank of Baroda FDs under ₹2 crores.

BOB FD Tenure Interest rates (p.a.)
for General Public
Interest Rates (p.a.)
for Senior Citizen
7 days to 14 days 4.25% 4.75%
15 days to 45 days 4.50% 5.00%
46 days to 90 days 5.50% 6.00%
91 days to 180 days 5.60% 6.10%
181 days to 210 days 5.75% 6.25%

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*Note: Interest rates may change. Please visit the official Bank of Baroda website for the most recent updates.

Bank of Baroda Tax Saver FD

In the table below, you can find the interest rate for Bank of Baroda Tax Saver FDs:

BOB FD Tenure For General Public
Senior Citizen
RTD ROI (%)*
For 5 years 6.50% 7.15%
Above 5 years to up to 10 years 6.50% 7.50%
*The interest rates may change. Refer to Bank of Baroda's official website for the latest information.

Bank of Baroda FCNR Deposit Interest Rates

Below is a table showing the Bank of Baroda FCNR Deposit interest rates and tenures.

Maturity Period USD GBP EUR AUD CAD
1 year to less than 2 years 5.50% 4.75% 1.50% 3.60% 4.50%
2 years to less than 3 years 3.95% 2.35% 1.50% 3.50% 4.10%
3 years to less than 4 years 3.80% 2.45% 1.50% 3.00% 3.85%
4 years to less than 5 years 3.85% 2.45% 1.50% 3.00% 3.90%
5 Years 3.90% 2.45% 1.50% 3.00% 3.95%
* The interest rates are subject to change at the Bank’s discretion.

Note: FCNR stands for ‘Foreign Currency Non-Resident Bank’. It is for an NRI who wishes to maintain a Fixed Deposit Account in India

Curious about your Bank of Baroda FD Return on Investment (ROI)?

The simplest way to estimate the potential returns from investing in a Bank of Baroda FD is by utilizing an FD calculator. With the help of this tool, get a quick and transparent overview of your maturity values with a clear breakdown of the interest earned, and the principal amount.
Use the Bank of Baroda FD Calculator to swiftly determine your ROI on Bank of Baroda FD.

Features & Benefits of Bank of Baroda Fixed Deposit

Investing in fixed deposits bring numerous benefits for investors. Here are some key features and advantages.

  • Senior citizens enjoy an additional 0.50% p.a. interest over regular rates on Bank of Baroda FDs.
  • The minimum deposit to open an FD is Rs 10,000, making it accessible to a wide range of investors.
  • Nomination facility is provided for smooth fund transfer in case of the account holder's demise.
  • Partial withdrawals and auto-renewal options are available.
  • Loan deposit facility allows customers to avail up to 90% of the deposit amount.
  • Interest is paid only at the time of maturity, promoting disciplined savings.
  • Bank of Baroda offers a variety of deposit schemes, including Short Deposit, Baroda Advantage Fixed Deposits Non-Callable, BOB Suvidha Fixed Deposit Scheme, Regular Income plan, Monthly Income Plan, Baroda Tax Savings Term Deposit, etc catering to diverse financial goals.

Bank of Baroda FD Account Eligibility

Bank of Baroda fixed deposit accounts can be opened by the following individuals or entities:

  • Indian Individuals, including both adults and minors.
  • Partnership firms and sole proprietary companies.
  • Religious, charitable, and educational institutions
  • Hindu Undivided Families
  • Trusts, clubs, societies, associations, etc.

Documents Required to Open Bank of Baroda FD

To start a Bank of Baroda FD, ensure you have the necessary documents ready:

  • Forms and Photographs: Complete the Bank of Baroda Fixed Deposit Form and include two passport-size photographs.
  • KYC Documents: Provide one identification and address proof document, such as Aadhaar card, PAN Card, Driver’s License, Voter ID card, or Utility Bills.
  • Other Documents: Include any additional documents applicable to your specific entity type, such as proprietorship concern, Partnership Firm, Company, HUF, etc.

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Types of Bank of Baroda Fixed Deposits

Read through the list of different Bank of Baroda FD schemes offering special features to meet various financial needs.


  • The bob360 Term Deposit from Bank of Baroda offers Domestic Term Deposits to Residents/NRO and senior citizens.
  • The tenure is fixed at 360 days and the interest rates are 7.10% p.a. For general public/NRO and 7.60% p.a. For senior citizens.
  • The minimum deposit required is ₹1000.
  • This scheme also facilitates nomination and auto-renewal.

Baroda Tiranga Plus Deposit Scheme

  • Baroda Tiranga Plus Deposit Scheme is a short-term deposit scheme available for a tenure of 399 days.
  • For this scheme, the interest rate is 7.15% p.a. for general public/NRO/NRE and 7.65% p.a. For senior citizens.
  • The minimum deposit needed to open this scheme is ₹1000 for Callable Deposits & ₹1,00,01,000 for Non-Callable Deposits.
  • The depositor can choose a nominee for this BOB FD plan.

Baroda Tax Saving Fixed Deposit Account

  • This Bank of Baroda FD scheme is a long-term deposit with benefits of tax rebate under Section 80C of Income Tax Act.
  • There is a 5-year lock-in period with a maximum tenure of 10 years.
  • Senior citizens can enjoy an additional interest rate of 0.50% p.a.
  • This scheme can be started with a minimum deposit of ₹100 and the maximum deposit limit is ₹1,50,000 in a financial year.
  • Nomination facility is available for this Tax Saving FD Scheme as well.
  • On maturity, the deposit will be renewed for a period of -12- months.
  • Prepayment is allowed only in case of the death of the depositor as per the bank’s norms.

Baroda Suvidha Flexible Fixed Deposit Scheme

  • The Bank of Baroda Suvidha Flexible Fixed Deposit Scheme provides depositors with attractive interest rates and the flexibility of liquidity.
  • The scheme has a tenure of 1 to 5 years, requiring a minimum deposit of ₹5,000 in multiples of ₹1,000. There is no maximum deposit limit, except for minor accounts, which have a limit of ₹1 Lakh.
  • Senior citizens receive an additional 0.50% interest for deposits below ₹2 Crore, and Bank of Baroda staff, present or ex, enjoy additional interest (rate decided by the bank).
  • Interest is paid half-yearly, and a loan/overdraft of up to 95% is available.
  • Premature withdrawal is allowed for a minimum of ₹1,000, subject to conditions such as a 1% lower interest rate for partial withdrawal and a penalty deduction of 1% for complete withdrawal.

Monthly Income Plan (MIP)

  • The BOB Monthly Income Plan is a fixed deposit scheme designed to provide a steady monthly income by offering monthly interest payouts.
  • By investing idle funds into this regular monthly income plan, individuals can enjoy a consistent income stream, ensuring financial stability to meet monthly expenses.
  • The minimum deposit requirement of ₹1,000, with additional deposits to be made in multiples of ₹100. There is no upper limit on the maximum deposit amount, except for minor accounts, which have a limit of ₹1 Lakh.
  • This scheme offers special interest benefits to senior citizens - an additional 0.50% p.a. for deposits below ₹2 Crore.
  • Both current and former bank staff are eligible for extra interest, the rate of which is determined by the bank.
  • The Bank of Baroda MIP scheme also offers a loan/overdraft facility of up to 95% of the account balance on the loan date, and deposits under this scheme are accepted as security by government departments.
  • The deposit will be auto-renewed for 1 year if not instructed otherwise.

Motor Accident Claims Annuity Deposit (MACAD)

  • The Motor Accident Claims Annuity Deposit (MACAD) is a specialized Fixed Deposit (FD) scheme addressing motor accident claims determined by courts or tribunals.
  • A one-time amount is deposited into the MACAD account, and a linked savings account is opened to receive monthly annuity payments from the FD throughout its term.
  • The tenor ranges from 3 to 10 years, and for periods less than 3 years, a regular FD account is used.
  • The minimum deposit is determined by the monthly annuity (₹1,000 or more) for the MACAD tenure, with no specified maximum limit.
  • Interest rates align with the FD tenure, and senior citizens receive an additional 0.50% p.a.
  • No loan or overdraft options are available for the MACAD Account.
  • Premature closure or part payment requires court permission, and in case of part payment, the court may allow the reissuing of annuity for the remaining amount and tenure.
  • There are no penalties for premature closure, and in the event of the claimant's death, the nominee can request premature closure or continuation of annuity payments.

Quarterly Income Plan (QIP)

  • The Quarterly Income Plan (QIP) by Bank of Baroda offers customers a fixed source of income on a quarterly basis with a tenor ranging from 1 to 10 years.
  • The minimum deposit for this scheme is ₹1,000, and further deposits can be made in multiples of ₹100, with no upper limit on the maximum deposit amount.
  • Senior citizens receive an additional 0.50% p.a. interest for deposits below ₹2 Crore, while both current and ex-staff of the bank enjoy additional interest (rate determined by the bank).
  • Interest is paid out for Monthly Interest Payment and Quarterly Interest Payment variants.
  • A loan/overdraft option is available for up to 95% of the account balance, and deposits serve as security for government departments and non-fund-based activities.
  • Premature closure conditions include a 1% lower interest rate for withdrawals, no penalty for deposits up to ₹5 Lakhs held for a minimum of 1 year, and a 31-day notice and a 1.5% penalty on the interest rate for deposits of ₹1 Crore and above.

Baroda Short-Term Deposits

  • The Baroda Short-Term Deposit is a great choice for short-term savings to meet immediate needs, providing good returns in less than a year.
  • The tenure for this scheme ranges from 7 days to less than 12 months.
  • Auto-renewal and nomination facilities are available for this FD scheme.
  • Overdraft or loan is available against the deposit, up to 95% of the current account balance. The interest charged will follow the guidelines set by the bank's retail banking department.
  • In case of premature withdrawal, interest must be paid after deducting a 1% penalty from the applicable or contracted rate, whichever is lower, for cases where a penalty is applicable.
  • Senior citizens receive an additional 0.50% interest, staff and ex-staff get an extra 1% interest according to current bank guidelines, and ex-staff who are senior citizens enjoy both staff and senior citizen interest rates.

Baroda Advantage Fixed Deposits (Non-Callable)

  • The Baroda Advantage Fixed Deposits (Non-Callable) offer customers preferential interest rates above their regular FD rates for deposits exceeding ₹1,00,01,000, provided they forego the premature withdrawal option.
  • The tenure for this BOB FD plan ranges from 1 to 10 years, with a minimum deposit of ₹1,00,01,000 and additional deposits in multiples of ₹1,000 without a specified maximum limit.
  • Senior citizens receive an extra 0.50% p.a. interest for deposits below ₹2 Crore, and bank staff, both current and ex, enjoy additional interest at rates determined by the bank.
  • Interest payout varies based on the type of Non-Callable FD, with options for maturity, monthly, or quarterly payments.
  • The scheme allows a loan/overdraft of up to 85% of the account balance, and deposits serve as security for government departments and non-fund-based activities.
  • Premature closure is permitted in the event of the account holder's death, subject to bank norms and procedures.

Foreign Currency Non-Resident B Term Deposit Scheme

  • The Foreign Currency Non-Resident B Term Deposit Scheme facilitates the repatriation of both principal and interest in foreign currency, ensuring no income tax liability on the interest amount and maintaining complete confidentiality of transactions.
  • The tenure for this deposit plan is a minimum of 1 year, and for deposit terms ranging from 1 to 5 years, cumulative interests are provided on a half-yearly basis under the reinvestment plan.
  • Interest payouts occur semi-annually in March and September for Cumulative Deposits.
  • No interest is payable on deposits held for less than 1 year.
  • Additionally, account holders have the option to book a forward contract on the total maturity amount of the deposit.

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Frequently Asked Questions

The interest rate on FD in Bank of Baroda ranges from 4.25% to 7.25%, depending on the tenure and type of deposit.

For a 399-day FD in Bank of Baroda, the interest rate varies from 6.85% to 7.25%, considering resident/NRI status and deposit amount.

The FD interest rates in Bank of Baroda change based on RBI guidelines. Check the website or visit a branch for updates.

Most Bank of Baroda FD schemes allow premature withdrawal, but it incurs penalty charges.

Yes, individuals can avail a loan against Bank of Baroda FD, usually allowed for specific FDs with adjustments in interest rates.

The minimum deposit amount to open an FD account with Bank of Baroda is ₹1,000.

Bank of Baroda offers the highest FD rate of 7.75% for senior citizens on specific schemes.

For a 5-year FD with Bank of Baroda, the interest rate is 6.50% for regular customers and 7.15% to 7.50% for senior citizens.

To find out how long it takes for Bank of Baroda FD to double, apply the 72 rule—divide 72 by the interest rate. With the current highest interest rate of 7.25%, the FD will double in approximately 9.93 years for regular investors. Senior citizens, benefiting from a higher rate of 7.75%, will see their FD investment double in around 9.29 years.

Senior citizens receive an interest rate 0.50% higher than regular rates on eligible Bank of Baroda FD schemes.

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