Bank of Baroda FD Rates 2023

Updated on September 18, 2023 , 57850 views

Bank of Baroda (BoB), one of India’s leading public-sector banks in India, offers a wide Range of Fixed Deposit (FD) products. FD is also one of the most popular financial savings schemes in India, wherein many customers invest the surplus amount to earn profits over time. In this scheme, the returns are free from Volatility, therefore they are considered to be a low-risk form of saving. But, if we compare it to the stock Market, then the returns are proportionately low, but are risker and prone to fluctuations.

One looking to open an FD account with BOB, here is the list of Fixed Deposit Interest Rates with their tenures. Furthermore, those applying for BOB FDs can via online or by visiting the nearest Bank of Baroda branch.

Bank of Baroda FD Interest Rates (Below INR 2 Crore)

Following are the BOB FD rates for Domestic & NRO Term Deposits, applicable for deposits below INR 2 crore, per annum -

w.e.f. 15.02.2023

Tenure	General Public	Resident Indian Sr. Citizen
7 days to 14 days	3	3.50*
15 days to 45 days	3	3.50*
46 days to 90 days	4.5	5.00*
91 days to 180 days	4.5	5.00*
181 days to 270 days	5.25	5.75*
271 days & above and less than 1 year	5.5	6.00*
1 year	6.75	7.25*
Above 1 year to 400 days	6.75	7.25*
Above 400 days and upto 2 Years	6.75	7.25*
Above 2 Years and upto 3 Years	6.75	7.25*
Above 3 Years and upto 5 Years	6.25	6.90#
Above 5 Years and upto 10 Years	6.25	7.25***
Above 10 years (MACT/MACAD Court Order schemes only)	6.25	6.75*
444 Days (Baroda Tiranga Deposit Scheme)***	6.75	7.25*
555 Days (Baroda Tiranga Deposit Scheme)***	6.75	7.25*
399 Days (Baroda Tiranga Plus Deposit Scheme)	7.05	7.55*

Figures mentioned in the above table are subject to change. (incl. additional ROI 0.50%, ** incl. additional ROI of 0.50%+0.50%, # incl. additional ROI of 0.50%+0.15%). Figures mentioned in the above table are subject to change.

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COVID - 19 Update

In the current challenging situation brought by COVID-19, BOB bank has agreed to continue to pay additional rate to Resident Senior Citizen for less than Rs. 2 Crores as under:

0.50% for all tenors up to 5 years

1.00% for "Above 5 years to up to 10 years" tenor and valid till 30.06.2021

The bank has agreed to pay additional rate of 100bps in "Above 5 years to upto 10years" tenor to Resident Indian Senior Citizen and this is valid till 30.09.20.

Bank of Baroda FD Interest Rates (Deposits of INR 10 Crore to upto INR 1000 Crore)

Following are the BOB FD rates for Domestic & NRO Term Deposits, applicable for deposits between INR 10 crore to INR 1000 Crore, per annum, (Fresh & Renewal) (Callable) (ROI in %)

w.e.f.06.03.2023

Maturity Range	Above Rs 10 cr. to upto Rs 25 cr.	Above Rs 25 cr. to upto Rs 50 cr.	Above Rs 50 cr. to upto Rs 100 cr.	Above Rs 100 cr. to upto Rs 500 cr.	Above Rs 500 cr. to upto Rs 1000 cr.	Above Rs 1000 cr.
7 days to 14 days	4.50	4.50	4.50	4.50	4.50	4.50
15 days to 45 days	5.00	5.00	5.00	5.00	5.00	5.00
46 days to 90 days	6.00	6.00	6.00	6.00	6.00	6.00
91 days to 180 days	6.85	6.85	6.85	6.85	6.85	6.85
181 days to 270 days	7.00	7.00	7.00	7.00	7.00	7.00
271 days & above and less than 1 year	7.25	7.25	7.25	7.25	7.25	7.25
1 year	7.70	7.70	7.70	7.70	7.70	7.70
Above 1 Year and upto 2 Years	7.00	7.00	7.00	7.00	7.00	7.00
Above 2 Years and upto 3 Years	6.00	6.00	6.00	6.00	6.00	6.00
Above 3 Years and upto 5 Years	5.25	5.25	5.25	5.25	5.25	5.25
Above 5 Years and upto 10 Years	**	**	**	**	**	**

Figures mentioned in the above table are subject to change.

Bank of Baroda Tax Savings Term Deposit

Following are the interest rates for BOB tax saving, applicable for deposits less than INR 2 Crore per annum

w.e.f. 13.19.22

Tenure	For General Public RTD ROI (%)	Senior Citizen RTD ROI (%)*
For 5 years	6.25	6.90#
Above 5 years to up to 10 years	6.25	7.25**

(# incl. additional ROI of 0.50+0.15, * incl. additional ROI of 0.50%+0.30%, ** incl. additional ROI of 0.50%+0.50%)

Documents Required to Open Bank of Baroda FD account

1. Address Proof

Passport copy
Electricity bill
Telephone bill
Bank statement with Cheque
Certificate/ ID card issued by Post Office

2. Identity Proof

Voter ID card
Passport
PAN Card
Driving license
Senior citizen ID card
Government ID card
Photo ration card

Are you Looking for an Alternative to Banks Savings Account?

Investors who are thinking of parking their money for the short term, you can also consider liquid Mutual Funds. Liquid Funds are an ideal alternative to FDs as they invest in low-risk debt and money market securities.

Here are some features of liquid funds you should know:

Liquid Funds invest in short-term investment instruments like commercial papers, certificates of deposit, treasury bills etc
With Liquid Mutual Funds one gets the flexibility to invest or withdraw whenever one wants to without any penalty or exit load
When investing in Mutual Funds, some fund houses also offer ATM card to withdraw money. This further adds on to your convenience
Some of the Best Liquid Funds offer much better interest rate than that of Savings Account

Liquid Funds Vs Savings Account - Choose What Suits you the Best!

Based on certain parameters, we can figure out the difference between liquid funds and savings account. Let’s figure out those parameters.

Factors	Liquid Funds	Savings Account
Rate of Return	7-8%	4%
Tax Implications	Short-term Capital gains tax is levied based on investors' applicable income tax slab Tax Rate	Interest rate earned are taxable as per investors' applicable Income tax slab
Ease of Operation	No need to go to a bank to get cash. If there is same amount that needs to be paid, it can be done online	Money gets deposited to the bank account first
Suitable for	Who want to invest their surplus to earn higher return than saving account	Who want to just park their surplus amount

Top 5 Liquid Funds to Invest 2023

Fund	NAV	Net Assets (Cr)	1 MO (%)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2022 (%)
PGIM India Insta Cash Fund Growth	₹298.622 ↑ 0.06	₹555	0.6	1.7	3.5	6.7	4.5	5.2	4.8
Principal Cash Management Fund Growth	₹2,024.48 ↑ 0.38	₹4,528	0.6	1.7	3.4	6.7	4.5	3.1	4.8
JM Liquid Fund Growth	₹62.6607 ↑ 0.01	₹1,570	0.6	1.7	3.4	6.6	4.5	5.2	4.8
Indiabulls Liquid Fund Growth	₹2,216.93 ↑ 0.41	₹150	0.5	1.6	3.2	6.4	4.3	5	4.6
Axis Liquid Fund Growth	₹2,551.37 ↑ 0.48	₹27,002	0.6	1.7	3.5	6.7	4.6	5.3	4.9
Aditya Birla Sun Life Liquid Fund Growth	₹369.501 ↑ 0.07	₹46,406	0.5	1.7	3.5	6.7	4.6	5.3	4.8
Baroda Pioneer Liquid Fund Growth	₹2,639.62 ↑ 0.50	₹8,660	0.6	1.7	3.5	6.7	4.6	5.2	4.9
Invesco India Liquid Fund Growth	₹3,150.92 ↑ 0.58	₹7,567	0.5	1.7	3.4	6.6	4.5	5.2	4.8
ICICI Prudential Liquid Fund Growth	₹339.514 ↑ 0.07	₹47,753	0.5	1.7	3.5	6.6	4.5	5.2	4.8
Nippon India Liquid Fund Growth	₹5,598.92 ↑ 1.04	₹32,768	0.5	1.7	3.4	6.6	4.5	5.2	4.8
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Aug 23

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.