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Bank of Baroda

upto

7.65%

p.a.

Interest Rate (p. a.)

4.25% — 7.65%

Minimum Deposit

₹5,000

Maximum Deposit

₹5Cr

Lock-in Period

7 Days

Tenure

7 Days - 10 Years

Senior Citizens Interest Rate

Extra 0.50%

Calculate Returns for Bank of Baroda

Investment Amount₹5,00,000Deposit Tenure

Maturity Amount

₹5,00,000.00

You'll gain ₹0.00 at an interest rate of % p.a. (compounded quarterly).

Invest Now

Bank of Baroda Interest Rates (FD) Rates 2025

Explore competitive Fixed Deposit rates for both regular customers and senior citizens.

Tenure

Regular

Senior Citizen

14 days

4.25%

4.75%

1 month 14 days

4.5%

2 months 29 days

5.5%

5 months 27 days

5.6%

6.1%

6 months 26 days

5.75%

6.25%

8 months 25 days

6.25%

6.75%

11 months 27 days

6.5%

1 year

6.85%

7.35%

1 year 1 month 3 days

7.5%

2 years

7.5%

2 years 11 months 28 days

7.15%

7.65%

5 years

6.8%

7.4%

Disclaimer: Interest rates as of Mar 26, 2025.

Please check the bank website for the exact FD interest rates.

About Bank of Baroda

Bank of Baroda is a public sector undertaking (PSU) bank that has made rapid strides in the banking industry since it was founded in 1908. It offers banking services through 8,200+ branches, 10,000+ ATMs, 20,000+ business correspondents and 1,200+ self-service e-lobbies. The bank also has a strong foothold overseas with 100 branches or subsidiary offices across 20 countries. It offers loans, deposits, investments, insurances and other financial products through online and offline banking channels.

Bank of Baroda Bank FD Features & Benefits

The minimum deposit required to open a Bank of Baroda FD is INR 1,000.
No maximum limit: you can invest as much as you can.
Attractive fixed deposit interest rates for both regular customers and senior citizens.
Loan available up to 95% of the fixed deposit amount.

Penalty on Premature Withdrawal

There's no denying the financial emergency you may face during your fixed deposit journey with Bank of Baroda. The best part is that the bank allows you to break investments anytime, courtesy of a premature withdrawal facility. Now how will the interest be calculated? The earnings will be calculated at the lower of the contracted rate and the prevailing rate as on the date of withdrawal from the account opening date. So, if you booked an FD for 5 years at 6.50% per annum, and you prematurely withdraw after three years where the interest rate was 8%, the bank will calculate your earnings at 6.50%. On which a penalty of 1% will apply.

Bank of Baroda Bank FD Rates vs Other Bank FD Rates

Bank Name	FD Interest Rates (In p.a.)
North East Small Finance Bank	4.75%-9.00%
Shivalik Small Finance Bank	6.00%-8.55%
Suryoday Small Finance Bank	8.05%-8.60%
Utkarsh Small Finance Bank	8.00%-8.50%
South Indian Bank	6.70%-7.40%
State Bank of India (SBI)	3.50%-7.25%
HDFC Bank	3.00%-7.40%
ICICI Bank	3.00%-7.40%
Yes Bank	3.25%-7.75%
Axis Bank	3.00%-7.51%
Kotak Mahindra Bank	2.75%-7.45%
IndusInd Bank	3.50%-7.99%
HSBC Bank	2.85%-7.50%
Punjab National Bank (PNB)	3.50%-7.25%
Bank of Baroda (BoB)	4.25%-7.93%

Different Types of Bank of Baroda Bank FD Schemes

Utsav Deposit Scheme

The scheme applies to term deposits of less than INR 3 crore.
Domestic, NRE and NRO customers can open this FD account.
It comes with three interest options - RIRD, MIP and QIP for a fixed deposit booked for over a year.

Liquid Fixed Deposits Scheme

The minimum amount required to open this Bank of Baroda FD account is INR 5,000.
Deposits are allowed in multiples of INR 1,000 only.
The minimum and maximum tenure allowed is 12 months and 60 months, respectively.
In case of no customer instructions, the FD will be renewed automatically for 12 months at the prevailing fixed deposit rate upon renewal.

Tax Saving Fixed Deposit Account

Enjoy tax deductions of up to INR 1.5 lakh under Section 80C of the Income Tax Act.
The tax benefits will be applicable to investments of up to INR 1.5 lakh in a financial year.
The minimum and maximum investment required is INR 100 and INR 1.5 lakh, respectively, in a financial year.
Interest incomes are, however, subject to a 10% TDS if they exceed INR 40,000 (regular customers) and INR 50,000 (senior citizens) in a financial year.
This tax saving FD comes with a lock-in period of five years.
Premature withdrawals are not allowed, except in case of death.
This Bank of Baroda fixed deposit scheme comes in three variants - Baroda Tax Saving-RIRD, Baroda Tax Saving-MIP and Baroda Tax Saving-QIP.

Monthly Income Plan (MIP)

It's a regular income plan where investors receive interest every month.
The minimum deposit required is INR 1,000 and in multiples of INR 100 only.
There's no maximum investment limit for this fixed deposit scheme.
The minimum and maximum deposit period is 12 months and 120 months, respectively.
Loan/overdraft of up to 95% of the fixed deposit value.

Quarterly Income Plan (QIP)

It's a plan where investors receive interest every quarter.
The minimum deposit required is INR 1,000 and in multiples of INR 100 only.
There's no maximum investment limit for this fixed deposit scheme.
The minimum and maximum deposit period is 12 months and 120 months, respectively.
Loan/overdraft of up to 95% of the fixed deposit value.

Green Deposit

It's a scheme that helps you grow your capital while protecting the environment.
The minimum deposit amount required is INR 5,000.
The maximum deposit amount allowed is INR 10 Crore.
Enjoy auto renewal and nomination facility.

Short-term Deposits

It's an investment of less than a year.
The minimum deposit required is INR 1,000.
There's no maximum investment limit.
The minimum and maximum deposit period is 7 days and less than 12 months, respectively.

Motor Accident Claims Annuity Deposit

Investors need to deposit a one-time lump sum amount as decided by the court or tribunal and receive the same in annuity, which forms a part of the principal and interest amount.
The principal becomes ZERO at the end of the account term.
The minimum annuity amount required is INR 1,000 per month.
There's no maximum limit set for this deposit scheme.
Investors need to open a linked savings account in which the annuity will be credited.

Term-wise Bank of Baroda Bank Fixed Deposit Rates

Short-term Rates

The bank offers interest rates of 4.25%-7.93% per annum on deposits booked for up to 1 year.

Medium-term Rates

Investors can earn at 5.25%-6.75% per annum on deposits booked for a period above a year to up to five years.

Long-term Rates

For a period above five years to up to 10 years, the rates range from 5.00%-7.50% per annum.

How to Invest in Bank of Baroda Bank FD?

You can invest in Bank of Baroda FD using any of the following channels -

Net Banking

Visit the Bank of Baroda's official website.
Log in to net banking using your ID and password.
Choose the option - 'Open a Fixed Deposit'.
Enter the investment amount, tenure, nominee details, and other information.
Review and confirm the details to proceed further.
Pay the required amount through net banking to book an FD.
Download the FD receipt showing the details.
You will also receive an email intimation about the FD.

Mobile Banking

Download the Bank of Baroda's mobile banking app.
Log in using your credentials.
Go to 'Open a Fixed Deposit'.
Enter the investment amount and tenure, provide maturity instructions, and share other details.
Confirm the details to proceed further.
The investment amount will be debited from the savings bank account.
A fixed deposit receipt will be issued upon successful transaction.
You will receive an email about the fixed deposit.

Offline Method

Visit the nearest Bank of Baroda branch.
Ask the concerned official about the BoB FD account opening form.
Enter your name, investment amount, tenure, address, nomination details, and choose from several maturity instructions - Renew Principal and Interest, Renew Principal, Renew Interest or Do Not Renew.
Submit the fixed deposit investment cheque.
Confirm the details once before sharing the form with the bank official.
The fixed deposit account will be opened once the amount is realised successfully.

Eligibility to Open a Bank of Baroda Bank FD Account

Individuals can open both single and joint accounts.
Clubs, associations, educational institutions, partnership firms and joint stock companies can open a Bank of Baroda FD account.

Bank of Baroda Fixed Deposit Sweep-in Facility

Bank of Baroda offers Auto/Reverse sweep facility with Super Savings Account. Here's how this flexible deposit option helps you save money and meet different needs.

Once the savings account balance reaches INR 60,000, the first auto sweep out of INR 10,000 into an FD will happen for 181 days.
Customers can increase the threshold amount of INR 50,000 in multiples of INR 1,000, such as INR 51,000, INR 52,000 and so on.
They can also raise the auto sweep out amount threshold of INR 10,000 in multiples of INR 10,000, such as INR 20,000, INR 30,000 and so on.
Sweep will take place every Monday at the end of the day.
Once the account balance falls below INR 50,000, reverse sweeps in multiples of INR 10,000 will happen.
Auto Sweep feature helps you save with greater interest rate on FDs. while reverse sweep allows you to pay for extra expenditure without having to bear non-maintenance charges of minimum savings account balance.

Tax on Bank of Baroda Fixed Deposit

Bank of Baroda helps you save taxes with a tax saver fixed deposit. It grants you tax deductions of up to INR 1.5 lakh in a financial year. It has a five-year lock-in period which means investors cannot withdraw investments before five years. If investors choose the interest payout option, they can receive interest at regular intervals. The minimum and maximum investment allowed under this product is INR 100 and INR 1.5 lakh, respectively, in a financial year.

Loan Against Bank of Baroda Bank FD

Bank of Baroda offers a loan/overdraft against a fixed deposit to help you meet your instant liquidity needs. You can receive a loan of up to 95% of the fixed deposit account balance.

The bank offers loans against Liquid Fixed Deposits Scheme, Short Term Deposits, Quarterly Income Plan, Monthly Income Plan, Earth Green Term Deposit, and Advantage Fixed Deposits.

Availing of a loan against a fixed deposit helps you prevent premature withdrawal penalties.

Frequently Asked Questions

1. Is it safe to do FD in Bank of Baroda Bank?

Yes. Bank of Baroda FDs are insured for up to INR 5 lakh by the Deposit Insurance and Credit Guarantee Corporation of India (DICGC), a subsidiary of the Reserve Bank of India (RBI).

2. What is the current FD rate of Bank of Baroda Bank?

The current FD rate ranges from 4.25%-7.93% per annum.

3. What is the charge of FD closure in Bank of Baroda Bank?

The premature FD closure charge is 1% at Bank of Baroda. The charge applies to the lower of the interest rate booked while opening an FD account and the rate applicable from the booking date to withdrawal date.

4. What is Bank of Baroda Bank monthly income scheme interest rate?

The bank's monthly income scheme interest rate ranges from 4.25%-7.93% per annum

5. What is sweep-in FD at Bank of Baroda?

A sweep-in FD is offered through Bank of Baroda Super Savings Account. Once the account balance crosses a threshold of INR 50,000, an FD will be opened for INR 10,000 each. As the account balance dips below INR 50,000, the FD money will be transferred to the savings account to help accountholders maintain the required balance.

6. Can we break an FD before maturity in Bank of Baroda?

Yes, you can break an FD before maturity, except for a tax-saver FD where you have to wait for five years. The premature withdrawal will, however, attract a penalty.