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Fincash » FD Interest Rates » Bank of Baroda FD Rates

Bank of Baroda FD Rates 2024

Updated on May 14, 2024 , 58653 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.

BOB

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 -

Tenure General Public Resident Indian Sr. Citizen
7 days to 14 days 3 3.50*
15 days to 45 days 3.50% 4.00%
46 days to 90 days 5.00% 5.50%
91 days to 180 days 5.00% 5.50%
181 days to 210 days 5.50% 6.00%
211 days to 270 days 6.00% 6.50%
271 days & above and less than 1 year 6.25% 6.75%
1 year 6.75% 7.25%
Above 1 year to 400 days 6.75% 7.25%
Above 400 days and up to 2 years 6.75% 7.25%
Above 2 years and up to 3 years 7.25% 7.75%
Above 3 years and up to 5 years 6.50% 7.15%
Above 5 years and up to 10 years 6.50% 7.50%
Above 10 years (MACT/MACAD Court Order schemes only 6.25% 6.75%
399 days (Baroda Tiranga Plus Deposit Scheme) 7.15% 7.65%

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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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 %)

Maturity Range Above INR 10 cr. to upto 25 cr. Above INR 25 cr. to upto 50 cr. Above INR 50 cr. to upto 100 cr. Above INR 100 cr. to upto 500 cr. Above INR 500 cr. to upto 1000 cr. Above INR 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 5.50 5.50 5.50 5.50 5.50 5.50
91 days to 180 days 6.00 6.00 6.00 6.00 6.00 6.00
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 7.45 7.45 7.45 7.50 7.45 7.45
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

Tenure For General Public RTD ROI (%) Senior Citizen RTD ROI (%)*
For 5 years 6.50 7.15#
Above 5 years to up to 10 years 6.50 7.50**

(# 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:

  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 2024

FundNAVNet Assets (Cr)1 MO (%)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)
PGIM India Insta Cash Fund Growth ₹314.451
↑ 0.06
₹3040.51.83.67.25.65.27
Principal Cash Management Fund Growth ₹2,132.08
↑ 0.43
₹4,9430.51.83.77.25.557
JM Liquid Fund Growth ₹65.9796
↑ 0.01
₹1,5900.51.83.67.25.65.17
Indiabulls Liquid Fund Growth ₹2,335.35
↑ 0.47
₹1960.51.83.77.25.456.8
Axis Liquid Fund Growth ₹2,688.72
↑ 0.55
₹22,1690.51.93.77.35.65.27.1
Invesco India Liquid Fund Growth ₹3,319.52
↑ 0.67
₹8,1300.51.83.77.35.65.17
Aditya Birla Sun Life Liquid Fund Growth ₹389.216
↑ 0.08
₹29,7640.51.83.77.25.65.27.1
ICICI Prudential Liquid Fund Growth ₹357.656
↑ 0.07
₹35,4280.51.93.77.25.55.27
Tata Liquid Fund Growth ₹3,804.84
↑ 0.76
₹17,4630.51.83.77.25.55.27
Nippon India Liquid Fund  Growth ₹5,896.88
↑ 1.20
₹25,2530.51.83.77.25.55.27
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 16 May 24

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.
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