Bank of Baroda FD Rates — Complete Guide & Interest Rate Chart

‘Key Takeaways
 

• Bank of Baroda FD offers fixed and safe returns ranging from 4% to 7.10% for general citizens and 4.50% to 7.60% for senior citizens.
   
• Deposits can be made for flexible tenures, from 7 days up to 10 years.
   
• Investors can earn assured interest, and FD schemes provide easy options for investment and growth of savings.
   

Bank of Baroda FD interest rates offer safe and assured returns on deposits ranging from 7 days to 10 years. The rates for general citizens start from 4% and go up to 7.10%, while senior citizens earn between 4.50% and 7.60%.

For example, if Mr. Sharma invests ₹500,000 in a 1-year Bank of Baroda FD at 6.50% p.a., he will earn ₹32,500 as interest at maturity.

This blog will guide you through different Bank of Baroda FD schemes, benefits, eligibility, and how to invest wisely.

Bank of Baroda FD Interest Rates 2025

Bank of Baroda FD continues to be a reliable choice for safe returns. The bank has revised its fixed deposit rates on select tenures for amounts below ₹3 crore, effective from 5 May 2025. These changes follow an earlier revision in April 2025.

Latest Bank of Baroda FD Rates (Callable Deposits, Below ₹3 Crore)
 

• General Citizens: 4% to 7.10% (tenures from 7 days to 10 years)
   
• Senior Citizens: 4.50% to 7.60%
   
• Super Senior Citizens (Special Scheme): Higher than senior citizen rates under select plans

Special Scheme – Bank of Baroda Square Drive Deposit (444 Days)
 

• General Citizens: 7.10% p.a.
   
• Senior Citizens: 7.60% p.a.
   
• Super Senior Citizens: 7.70% p.a.
   (Earlier, the rates were 7.15%, 7.65%, and 7.75% respectively)

Bank of Baroda FD rates in 2025 offer competitive returns, especially for senior and super senior citizens. With schemes like the Square Drive Deposit, the bank ensures customers get better options for medium-term investments. Bank of Baroda FD remains a steady investment choice for those seeking safe and assured earnings.

Bonus Tip: Use the laddering method, split your money into FDs of different tenures to enjoy both liquidity and higher returns.

Types of Bank of Baroda Fixed Deposit Schemes

Bank of Baroda FD schemes give customers a wide range of choices to suit their savings and income needs. Each option has unique features, making it easier for depositors to plan according to their goals.

• Cumulative Fixed Deposit: Interest is compounded quarterly and paid at maturity. Bank of Baroda offers this under the Baroda Regular Income cum Recurring Deposit.
• Non-Cumulative Fixed Deposit: Interest is paid at regular intervals, either monthly or quarterly. This is offered as the Baroda Regular Income Plan.
• Flexi Fixed Deposit: This scheme is linked to savings or current accounts with an auto-sweep facility. Extra balance moves to FD and can be broken on a last-in-first-out basis.
• Standard Fixed Deposit: This is the most common FD with flexible tenure from 7 days to 10 years at attractive Bank of Baroda FD rates.
• Regular Income Fixed Deposit: This option provides a steady monthly income with easy withdrawal facilities and minimal charges.
• Tax Saving Fixed Deposit: This allows you to save tax under Section 80C with a lock-in period and fixed returns.
• Senior Citizen Fixed Deposit: This scheme offers higher interest rates with flexible payout options like monthly, quarterly, or yearly.
• NRE Fixed Deposit: This deposit allows NRIs to transfer foreign currency, which gets converted into INR. The interest earned is tax-free in India.
• NRO Fixed Deposit: This scheme is suitable for NRIs with income from India, such as rent or business. It is fully taxable but offers good returns.

Bank of Baroda FD schemes cater to all: from regular savers and senior citizens to NRIs. With multiple plans and flexible options, Bank of Baroda FD continues to be a safe and rewarding investment choice.

Features and Benefits of Bank of Baroda Bank Fixed Deposit

Bank of Baroda FD provides a safe and reliable way to grow your savings. It offers several advantages to help customers earn steadily and manage their finances efficiently:

• Guaranteed Rate of Return: Your money earns a fixed interest, ensuring secure growth over the chosen tenure.
• Tax Threshold on Interest: Helps you save on taxes within the limits prescribed by law.
• Flexible Tenure Options: Choose a deposit period that suits your short-term or long-term financial goals.
• Easy Liquidity: Access funds whenever required without hassle.
• Loans Against Fixed Deposits: Borrow against your FD without breaking it, providing financial flexibility.

Bank of Baroda FD combines security, flexibility, and additional benefits like tax savings and loan facilities, making it an ideal choice for safe and rewarding investments.

Comparison of Bank of Baroda FD Rates With Other Banks

Fixed deposits remain one of the safest ways to save and grow money. Different banks in India offer varied FD interest rates, so it is important to compare before investing. 

From this comparison, Bank of Baroda FD offers competitive returns, especially for senior citizens, making it a safe and reliable option for investors looking for steady growth.

Eligibility Criteria and Required Documents for Bank of Baroda FD Interest Rates 

Opening a Bank of Baroda FD is simple, and the bank has set clear eligibility rules and document requirements. By meeting these conditions, customers can easily start earning safe and assured returns through Bank of Baroda FD interest rates.

Eligibility Criteria

Individuals above 18 years of age, including resident Indians and NRIs, can open a Bank of Baroda FD account. Minors can also apply, provided a guardian manages the account. 

Other eligible groups include Hindu Undivided Families, sole proprietorships, partnership firms, limited companies, and trust accounts.

Required Documents

For individual residents, the bank requires a recent photograph and KYC documents. Valid ID proof can be a PAN card, Aadhaar card, passport, driving licence, or voter ID. For Hindu Undivided Families (HUF), the required documents include a self-attested PAN card, HUF declaration deed, and the bank statement of the HUF.

Bank of Baroda FD offers flexibility to individuals, families, and organisations alike. With simple eligibility criteria and minimal documentation, Bank of Baroda FD interest rates remain an attractive choice for safe and steady investments.

Tax implications on Bank of Baroda Bank FD

Interest earned from a Bank of Baroda FD is taxable under the “Income from Other Sources” category. The bank deducts Tax Deducted at Source (TDS) if your total interest exceeds ₹40,000 in a financial year, or ₹50,000 for senior citizens.

Bank of Baroda issues a TDS certificate to confirm the details of the deduction. You must include the interest earned from your FD in your annual income while filing taxes.

While Bank of Baroda FD provides safe and steady returns, investors should be aware that the interest is taxable, and TDS may apply if it exceeds the specified limits.

Bank of Baroda Premature Withdrawal and Closure Rules

Bank of Baroda FD schemes come with flexible options, but the bank has set specific rules for premature withdrawal and closure. These conditions ensure that customers can access funds when required while maintaining fair returns.

For deposits up to ₹500,000, Bank of Baroda does not levy any penalty if the FD is withdrawn after completing at least 12 months. 

For deposits below ₹10,000,000 that are withdrawn before 12 months or where the amount is above ₹500,000, the bank charges a penalty of 1% on the applicable or contracted rate, whichever is lower.

For deposits of ₹10,000,000 and above, premature closure is allowed only with 31 days’ prior notice. In such cases, the bank deducts a penalty of 1.5% from the applicable or contracted rate, whichever is lower.

In the case of NRE term deposits, the minimum tenure is one year. If an NRE FD is closed before one year, no interest will be payable.

Bank of Baroda FD allows premature withdrawal and closure with certain conditions. While smaller deposits enjoy some relaxation, larger deposits and NRE accounts have stricter rules. Overall, Bank of Baroda FD gives customers the option of liquidity while ensuring disciplined savings.

How to Invest in the Bank of Baroda Bank FD?

One can open a Bank of Baroda FD account in the following ways:

1. By Visiting a Bank Branch:

• If you have a savings account with the bank, download the FD application form from the Bank of Baroda website or collect it at the branch.
• Fill in the application form with the investment amount, tenure, and nominee details.
• Submit the form along with the required documents.
• Provide the deposit amount via cash or cheque.
• The bank will process your application and open your Bank of Baroda FD account.

2. Through Net Banking:

• Visit the official Bank of Baroda website and log in using your credentials.
• Select the option to “Open Fixed Deposit Account.”
• Enter the deposit amount, tenure, nominee details, and review all information.
• Confirm the details and make the payment through net banking.
• Download the receipt for your records.

3. Through Mobile Banking App:

• Download the Bank of Baroda mobile app and log in.
• Select “Open Fixed Deposit Account” or a similar option.
• Enter the deposit amount, tenure, and other details.
• Click “Proceed” to debit the amount from your savings account.
• Your Bank of Baroda FD account will be created instantly, and you can download the receipt.

Bank of Baroda FD allows customers to invest safely and conveniently through branches, net banking, or mobile apps, offering flexible options to grow savings with guaranteed returns.

Conclusion

Bank of Baroda FD rates offer a balanced mix of safety, flexibility, and attractive returns for both regular investors and senior citizens. 

With options ranging from short-term deposits to long-term savings, the bank ensures that customers can grow their money securely while enjoying reliable service. Choosing a BoB FD helps you plan your finances with confidence and stability.

FAQs

1. What is the highest FD rate in Bank of Baroda?
Currently, the highest FD rate is 6.50% for general customers and 7.00% for senior citizens on selected tenures.

2. What is the minimum amount required to open a Bank of Baroda FD?
You can start a Bank of Baroda FD with just ₹1,000.

3. Do senior citizens get extra interest on BoB FDs?
Yes, senior citizens receive an additional 0.50% interest above the regular rates.

4. Can I withdraw my FD before maturity?
Yes, you can make a premature withdrawal, but the bank may apply a penalty on the interest earned.

5. Is the interest earned on BoB FDs taxable?
Yes, the interest is taxable under Indian Income Tax rules, and TDS applies if it crosses the set limit.

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LoansJagat Team

‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.