Fixed Deposit or FD is a good interest rate investment option. Baroda Rajasthan Kshetriya Gramin Bank 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 Baroda Rajasthan Kshetriya Gramin Bank Fixed Deposit
- You get a higher interest rate on your fixed Deposit while comparing with saving accounts.
- Multiple fixed deposits can open.
- Baroda Rajasthan Kshetriya Gramin Bank 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 Baroda Rajasthan Kshetriya Gramin Bank 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 Baroda Rajasthan Kshetriya Gramin Bank 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 Allahabad Bank.
Baroda Rajasthan Kshetriya Gramin Bank 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.
Baroda Rajasthan Kshetriya Gramin Bank Fixed Deposit Interest Rate
| Savings Deposits |
Interest Rate (% p.a.) |
| Savings Account including NRE deposits,Deposit Balance upto Rs.25 Lakh |
3.40 |
| Savings Account including NRE deposits,Deposit Balance above Rs.25 Lakh |
3.80 |
Term Deposits
| Maturity Range |
Interest Rate(%p.a.) on Deposits below Rs. 2 Crore |
Interest Rate(%p.a.) on Deposits Rs. 2 Crore to less than Ten Crores |
Interest Rate(%p.a.) on Deposits Rs. Ten Crores and above |
| 7 days to 14 days |
4.50 |
4.35 |
4.35 |
| 15 days to 45 days |
4.50 |
4.35 |
4.35 |
| 46 days to 90 days |
5.55 |
4.95 |
4.95 |
| 91 days to 180 days |
5.55 |
4.95 |
4.95 |
| 181 days to less than 1 year |
6.00 |
5.55 |
5.55 |
| 1 year |
6.35(6.47 for Inter Bank Deposit) |
5.80 |
5.80 (5.92 for Inter Bank Deposit) |
| Greater than 1 year but less than 15 months |
6.35 |
5.80 |
5.80 |
| 15 Months |
6.35 (For less than 10 lacs) |
5.80 |
5.80 |
| Greater than 15 months but less than 2 year |
6.35 |
5.80 |
5.80 |
| 2 years and above but less than 3 years |
6.30 |
5.65 |
5.65 |
| 3 Years |
6.30 |
5.65 |
5.65 |
| Above 3 Years but less than 5 years |
6.30 |
5.65 |
5.65 |
| 5 years and above but less than 8 years |
6.30 |
5.65 |
5.65 |
| 8 years and above but maximum 10 years |
6.30 |
5.65 |
5.65 |
| Maturity Range |
Interest Rate (% p.a.) |
| BRKGB Tax Saving Scheme (5 Years and Above but up to 10 Years) |
6.30 |