fincash logo SOLUTIONS
EXPLORE FUNDS
CALCULATORS
LOG IN
SIGN UP

Fincash » Bank of Baroda FD Rates

Bank of Baroda FD Rates

Updated on November 17, 2019 , 4113 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.

BOB

Bank of Baroda FD Interest Rates (Below INR 1 crore)

The above rates are applicable for deposits of 1 crore.

As of Jan 01, 2018

Tenure Interest Rates for Regular Deposit (p.a.) Interest Rates for Senior Citizen(p.a.)
7 days to 14 days 4.25% 4.75%
15 days to 45 days 4.75% 5.25%
46 days to 90 days 5.00% 5.50%
91 days to 180 days 5.50% 6.00%
181 days to 270 days 6.00% 6.50%
271 days to less than 1 year 6.25% 6.75%
1 year 6.45% 6.95%
Above1 year to 400 days 6.55% 7.05%
Above 400 days and up to 2 years 6.50% 7.00%
Above 2 Years and upto 3 Years 6.50% 7.00%
Above 3 Years and upto 5 Years 6.50% 7.00%
Above 5 Years and upto 10 Years 6.25% 6.75%

Figures mentioned in the above table are subject to change without prior information.

Bank of Baroda FD Interest Rates (Deposits of INR 1 cr to INR 10 cr)

Tenure Interest Rates for Regular Deposit (p.a.)
7 days to 14 days 4.00%
15 days to 45 days 4.00%
46 days to 90 days 4.00%
91 days to 180 days 4.50%
181 days to 270 days 4.75%
271 days to less than 1 year 5.00%
1 year and above up to 2 years 6.00%
1 year 5.75%
Above 2 Years 6.25%
Above 3 Years and upto 5 Years 6.25%
Above 5 Years and upto 10 Years 6.25%

As of Jan 01, 2018. The above rates are applicable for deposits of INR 1 cr to INR 10 cr. Figures mentioned in the above table are subject to change without prior information.

Bank of Baroda FD Interest Rates (Deposits of INR 10 cr to INR 25 cr)

Tenure Interest Rates for Regular Deposit (p.a.)
7 days to 14 days 4.00%
15 days to 45 days 4.00%
46 days to 90 days 4.00%
91 days to 180 days 4.50%
181 days to 270 days 4.75%
271 days and Above and less than 1 year 5.00%
1 year Above 5.75%
Above 1 year and upto 2 years 6.00%
Above 2 year and upto 3 years 6.25%
Above 3 Years and upto 5 Years 6.25%

As of Jan 01, 2018. The above rates are applicable for deposits of INR 10 cr to INR 25 cr. Figures mentioned in the above table are subject to change without prior information.

Bank of Baroda Tax Saver Fixed Deposits (Amount capped at INR 1 lakh per Financial Year)

Maturity Period Deposit Amount Interest Rates for Regular Deposit (p.a.)
Tax Savings Scheme - 5 years Less than INR 1 cr 6.50%
Above 5 years to up to 10 years Less than INR 1 cr 6.25%

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

Ready to Invest?
Talk to our investment specialist
Disclaimer:
By submitting this form I authorize Fincash.com to call/SMS/email me about its products and I accept the terms of Privacy Policy and Terms & Conditions.

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:

  1. Liquid Funds invest in short-term investment instruments like commercial papers, certificates of deposit, treasury bills etc.
  2. With Liquid Mutual Funds one gets the flexibility to invest or withdraw whenever one wants to without any penalty or exit load.
  3. When investing in Mutual Funds, some fund houses also offer ATM card to withdraw money. This further adds on to your convenience.
  4. 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 2019

FundNAVNet Assets (Cr)1 MO (%)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2018 (%)
DHFL Pramerica Insta Cash Fund Growth ₹252.117
↑ 0.04
₹4680.41.43.2777.57.4
JM Liquid Fund Growth ₹53.0196
↑ 0.01
₹1,1090.41.43.16.977.57.4
Indiabulls Liquid Fund Growth ₹1,888.21
↑ 0.27
₹5450.41.43.16.86.97.57.3
Principal Cash Management Fund Growth ₹1,718.13
↑ 0.23
₹1970.41.42.96.43.75.5-1.8
Reliance Liquid Fund  Growth ₹4,729.22
↑ 0.75
₹28,8620.41.43.2777.47.4
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Nov 19

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.
How helpful was this page ?
Rated 5, based on 1 reviews.
POST A COMMENT