Fixed Deposit or FD is a good interest rate investment option. Bank of Baroda offers a Fixed Deposit Account with a high interest rate. Fixed Deposit can open for the duration of a minimum of 7 days and a maximum of ten years. Fixed Deposit gives you a high-interest rate on your deposit amount. The Deposit minimum amount is depending upon the bank.

Benefits of Bank of Baroda Fixed Deposit

  • You get a higher interest rate on your fixed Deposit while comparing with saving accounts.
  • Multiple fixed deposits can open.
  • Bank of Baroda also gives a loan on your fixed Deposit so that, you don’t need to break your Deposit for your need.
  • You can get an Rs.1.5 lakh exemption under Section 80 C of the Income Tax Act, 1961.
  • If you are a senior citizen, then you will get a high-interest rate on your Fixed Deposit account.

Fixed Deposit Eligibility

  • Fixed Deposits can open the name of Individual, Joint, Society, Company, Partnership, etc.
  • The applicant must have a savings account in the bank.

Income Tax Facts on Bank of Baroda Fixed Deposit Interest

If you are looking for income tax fact on Fixed Deposit interest, then you can check below:

  • If Fixed Deposit interest is less then Rs. 40, 000/-, then the Bank of Baroda will deduct TDS on interest.
  • Interest earned on Fixed Deposit is taxable. It will treat as Income from Other Sources.
  • If you don’t want to pay any TDS on Fixed Deposit, then you have to submit Form 15G and Form 15H in Bank of Baroda.

Bank of Baroda Tax Benefit Fixed Deposit

  • Interest Rate is 6.5% for 5 years term deposits.
  • The amount can not withdraw before five years.
  • The deposit account can not transfer to another bank.

Bank of Baroda Fixed Deposit Interest Rate

TenorsBelow Rs 2 Cr. (w.e.f. 10.02.2020)
7 days to 14 days4.50
15 days to 45 days4.50
46 days to 90 days5.00
91 days to 180 days5.00
181 days to 270 days5.50
271 days & above and less than 1 year5.50
1 year6.00
Above 1 year to 400 days6.00
Above 400 days and up to 2 Years6.00
Above 2 Years and up to 3 Years6.00
Above 3 Years and up to 5 Years6.25
Above 5 Years and up to 10 Years6.00
444 days (Only for Baroda Samriddhi Deposit Scheme)Discontinued

For Domestic & NRO Term Deposits

TenorsRs 2 Cr. to up to Rs 10 Cr.
(w.e.f. 10.02.2020)
7 days to 14 days4.30
15 days to 45 days4.30
46 days to 90 days4.75
91 days to 180 days4.75
181 days to 270 days5.00
271 days & above and less than 1 year5.10
1 year5.10
Above 1 Year and up to 2 Years5.10
Above 2 Years and up to 3 Years5.10
Above 3 Years and up to 5 Years5.10
Above 5 Years and up to 10 Years5.10

Interest Rates for Domestic Term Deposits & NRO Deposits

Maturity RangeAmount of Deposit Per receipt
Above Rs 10 cr. to up to Rs 25 cr.
(w.e.f. 10.02.20)
Above Rs 25 cr. to up to Rs 50 cr.
(w.e.f. 10.02.20)
7 days to 14 days4.304.30
15 days to 45 days4.304.30
46 days to 90 days4.754.75
91 days to 180 days4.754.75
181 days to 270 days5.005.00
271 days & above and less than 1 year5.105.10
1 year5.105.10
Above 1 Year and up to 2 Years5.105.10
Above 2 Years and up to 3 Years5.105.10
Above 3 Years and up to 5 Years5.105.10
Above 5 Years and up to 10 Years****

Interest Rates for Domestic Term Deposits & NRO Deposits

TenorsAmount of Deposit Per receipt
Above Rs 50 cr. to up to Rs 100cr.
(w.e.f. 10.02.2020)
7 days to 14 days4.30
15 days to 45 days4.30
46 days to 90 days4.75
91 days to 180 days4.75
181 days to 270 days5.00
271 days & above and less than 1 year5.10
1 year5.10
Above 1 Year and up to 2 Years5.10
Above 2 Years and up to 3 Years5.10
Above 3 Years and up to 5 Years5.10
Above 5 Years and up to 10 Years**

Interest Rates for Domestic Term Deposits & NRO Deposits

TenorsAmount of Deposit Per receipt
Above Rs 100 cr. to up to Rs 500cr.
(w.e.f. 10.02.2020)
Above Rs 500 cr. to up to Rs 1000cr.
(w.e.f. 10.02.2020)
Above Rs 1000 cr.
(w.e.f. 10.02.2020)
7 days to 14 days4.304.304.30
15 days to 45 days4.304.304.30
46 days to 90 days4.754.754.75
91 days to 180 days4.754.754.75
181 days to 270 days5.005.005.00
271 days & above and less than 1 year5.105.105.10
1 year5.105.105.10
Above 1 Year and up to 2 Years5.105.105.10
Above 2 Years and up to 3 Years5.105.105.10
Above 3 Years and up to 5 Years5.105.105.10
Above 5 Years and up to 10 Years******

Baroda Tax Savings Term Deposit

PeriodDeposit [Per Annum] less than Rs 2 Cr.
For 5 years6.25
Above 5 years to up to 10 years6.00

For Baroda Advantage Fixed Deposit

PeriodBelow Rs 2 Cr. (w.e.f. 10.02.2020)
1 year6.05
Above 1 Year to 400 days6.05
Above 400 days and up to 2 Years6.05
Above 2 Years and up to 3 Years6.05
Above 3 Years and up to 5 Years6.30
Above 5 Years and up to 10 Years6.05
444 days (Only for Baroda Samriddhi Deposit Scheme)Discontinued

For Baroda Advantage Fixed Deposit

TenorsROI for Deposits of Rs. 2 Cr.
to up to Rs. 10 Cr.
(w.e.f. 10.02.2020)
Above Rs. 10 Cr.
to up to Rs. 25 Cr.
(w.e.f. 10.02.2020)
Above Rs. 25 Cr.
to up to Rs. 50 Cr.
(w.e.f. 10.02.2020)
Above Rs. 50 Cr.
to up to Rs. 100 Cr.
(w.e.f. 10.02.2020)
Above Rs. 100 Cr.
to up to Rs 500 Cr.
(w.e.f. 10.02.2020)
Above Rs. 500 Cr.
to up to Rs 1000 Cr.
(w.e.f. 10.02.2020)
Above Rs. 1000 Cr.
(w.e.f. 10.02.2020)
1 year5.205.205.205.205.205.205.20
Above 1 Year and up to 2 Years5.205.205.205.205.205.205.20
Above 2 Years and up to 3 Years5.205.205.205.205.205.205.20
Above 3 Years and up to 5 Years5.205.205.205.205.205.205.20
Above 5 Years and up to 10 Years5.20

 

Savings Bank DepositsInterest Rate (% p.a.) (w.e.f. 20.07.19)
Saving Deposits Balance up to Rs. 50/- Lakh.3.25
Saving Deposits Balance above Rs. 50/- Lakh.3.75

Foreign Currency Non-resident Deposit – FCNR

Maturity PeriodUSDGBPEURYENCADAUD
1 Yr. to less than 2 yrs.2.44
(2.61)
1.48
(1.55)
0.00
(0.00)
0.21
(0.24)
2.53
(2.66)
1.21
(1.36)
2 Yrs. to less than 3 yrs.2.30
(2.51)
1.29
(1.42)
0.00
(0.00)
0.18
(0.24)
2.25
(2.50)
1.15
(1.41)
3 Yrs. to less than 4 yrs.2.20
(2.45)
1.28
(1.45)
0.00
(0.00)
0.19
(0.24)
2.22
(2.52)
1.15
(1.47)
4 Yrs. to less than 5 yrs.2.16
(2.46)
1.28
(1.48)
0.00
(0.03)
0.16
(0.25)
2.20
(2.53)
1.27
(1.64)
5 Years2.17
(2.48)
1.28
(1.52)
0.00
(0.08)
0.16
(0.26)
2.18
(2.55)
1.32
(1.70)

Baroda Advantage Fixed Deposit

Maturity RangeFor NRE/NRO Deposit Rs. 15.01 lacs to below Rs.2/- Crores
ROI for Baroda Advantage Fixed Deposit for NRIs (Non-Callable) after adding 05 basis points (W.E.F. 10-02-2020)
1 year6.05
Above 1 year and up to 400 days6.05
401 days and up to 2 years6.05
2 years and up to 3 years6.05
3 years and up to 5 years6.30
 5 years and up to 10 years6.05

NRE Term (Rupee) Deposits

TenorsBelow Rs.2.00 crore
1 year6.00
Above 1 Year to 400 days6.00
401 days and up to 2 Years6.00
2 Years and up to 3 Years6.00
3 Years and up to 5 Years6.25
5 Years and up to 10 Years6.00
444 days (Only for Baroda Samriddhi Deposit Scheme)Discontinued

NRE Term (Rupee) Deposits

Maturity RangeRs.2 crore to up to Rs. 10 crores
1 Year5.10
1 yr. up to 2 yrs.5.10
2 yrs. up to 3 yrs.5.10
3 yrs. up to 5 yrs.5.10
5 years up to 10 years5.10

NRE Term Deposits

Maturity RangeAmount of Deposit Per receipt
w.e.f. 10.02.2020
Above Rs.10 cr. to up to Rs.25 cr.Above Rs.25 cr. to up to Rs.50 cr.
1 year5.105.10
1 year up to 2 years5.105.10
2 years up to 3 years5.105.10

NRE Term Deposits

Maturity RangeAmount of Deposit Per receipt
Above Rs.50 cr. to Rs.100 cr
(w.e.f 10.02.2020)
.
Above Rs.100 cr. to Rs.500 cr
(w.e.f 10.02.2020)
.
Above Rs.500 cr. to Rs.1000 cr
(w.e.f 10.02.2020)
.
Above Rs.1000 cr
(w.e.f 10.02.2020)
.
1 year5.105.105.105.10
1 yr. upto 2 yrs.****************
 2 yrs. upto 3 yrs****************
3 yrs. upto 5 yrs.****************
5 yrs. upto 10 yrs.****************

Other Bank Services:

Bank of Baroda RTGS Form or NEFT Form PDF

Bank of Baroda Cash Deposit Slip