Bank of Baroda offers Fixed Deposit (FD) schemes, allowing customers to invest for flexible tenures with guaranteed interest rates. These interest rates range from 2.85% to 7.50% p.a., with a minimum deposit of Rs. 1,000 and a tenure ranging from 7 days to 10 years. Keep reading this blog to learn more about Bank of Baroda Fixed Deposit and its interest rates
Highlights for 2025 Fixed Deposit Scheme of Bank for Baroda Bank
Tenure
7 days to 10 years
Senior Citizen Interest Rates
4.75% - 7.65% p.a.
Public Interest Rates
4.25% - 7.15% p.a.
Highest Interest Rates for Public
7.15% p.a.
Highest Interest Rates for Senior Citizens
7.65% p.a.
Premature Withdrawal
1% penalty
Minimum Deposit Amount
Rs 1,000
Fixed Deposit Interest Rates 2025 for Bank of Baroda
The interest rates provided in the table below are applicable to deposits below Rs.3 crore and is effective from 7th April 2025.
Deposit Tenure
Interest Rate for Regular Customers (% p.a.)*
Interest Rate for Senior Citizens (% p.a.)*
7 days to 14 days
4.25
4.75
15 days to 45 days
4.50
5.00
46 days to 90 days
5.50
6.00
91 days to 180 days
5.60
6.10
181 days to 210 days
5.75
6.25
211 days to 270 days
6.25
6.75
271 days & above and less than 1 year
6.50
7.00
1 year
6.85
7.35
Above 1 year to 400 days
7.00
7.50
Above 400 days and upto 2 Years (except 444 Days)
7.00
7.50
Above 2 years and upto 3 years
7.15
7.65
Above 3 years and upto 5 years
6.80
7.40
Above 5 years and upto 10 years
6.50
7.50
Above 10 years (MACAD only)
6.25
6.75
bob Square Drive Deposit Scheme (444 Days)
7.15
7.65
*Interest rates are subject to change from time to time.
Quarterly interest payouts for supplemental income.
Senior citizens get 0.5% extra interest.
MACAD (Motor Accident Claims)
Based on monthly annuity (Minimum: ₹1,000/month)
36 to 120 months (as directed)
Caters to court-ordered Motor Accident Claims.
Deposits linked to MACT Claims SB Account Scheme.
Term-wise Bank of Baroda FD Rates
Deposit Tenure
General Customers
Senior Citizens
Short-Term Deposits
7 days to 1 year
4.25% - 6.25%
4.75% - 6.75%
Medium-Term Deposits
1 - 3 years
6.85% - 7.15%
7.35% - 7.65%
Long-Term Deposits
3 -10 years
6.50%
7.15% - 7.50%
Bank of Baroda FD Special Features and Benefits
Make a minimum deposit of Rs.1,000 to open an FD account with the bank.
The tenure can range between 7 days and 120 months. The criteria may vary based on the scheme you choose.
The interest will be compounded quarterly and paid out half-yearly for several schemes.
Auto-renewal and nomination facilities are available.
Avail loan/overdraft facility of up to 95% of the deposit amount.
TDS certificate will be issued to respective customers.
Senior citizens get 0.5% additional interest rate for deposits mostly above Rs.10,000 and below Rs.1 crore.
Basic Eligibility Criteria for Bank of Baroda FD
Individuals (singly or jointly).
Hindu Undivided Families (HUFs).
Minor of age above 14 years on terms as laid down by the bank.
In the names of clubs, associations, educational institutions, partnerships and joint stock companies and any other institutions, which are eligible to open a FD account as per the bank rules.
Tax Benefits on Bank of Baroda Fixed Deposit
BOB Tax Saving Fixed Deposit Account
This scheme offers income tax deductions of up to Rs.1.5 lakh per financial year under Section 80C of the Income Tax Act, 1961. Only the first account holder is eligible to claim this deduction. Senior citizens enjoy an additional 0.5% interest rate above standard rates. Interest payouts can be credited to your savings account monthly or quarterly.
Key Features:
Lock-in Period: Fixed at 60 months, extendable up to 120 months.
Deposit Amount: Minimum Rs.100, with increments in multiples of Rs.100.
Interest Calculation: Compounded quarterly.
Auto-Renewal: Not available.
Accessibility: Account can be opened online or offline.
Tax Implications: Interest income from FDs is taxable under the "Income from Other Sources" category. Tax Deducted at Source (TDS) is applicable if the total interest earned exceeds Rs.40,000 (or Rs.50,000 for senior citizens) in a financial year. A TDS certificate is issued to confirm the deduction details
Bank of Baroda provides FD interest rates from 4.25% to 7.25% per annum to the general public and from 4.75% to 7.75% per annum to senior citizens for tenures ranging from 7 days to 10 years where the deposit amounts are below Rs. 3 crore.
What is the interest rate of FD in BOB 399 days?
The BOB 399 days FD scheme or the BOB Monsoon Dhamaka Deposit Scheme provides an interest rate of 7.25% per annum for the general public and 7.75% per annum for senior citizens.
How many years will FD double in Bank of Baroda?
The highest interest rate for FDs in Bank of Baroda is 7.25% for deposit amounts below Rs. 3 crore. Thus, investors will get double the investment in 9.93 years.
Is there premature withdrawal facility on FDs?
In the Bank of Baroda, the premature withdrawal facility on FDs varies depending on the type of FD. Some FD schemes allow premature withdrawal after deducting a penalty of 1% for premature withdrawals of up to Rs. 1 crore or a penalty of 1.5% for above Rs. 1 crore. The Bank of Baroda does not provide a premature withdrawal facility for non-callable FD deposit schemes.
Should I fill out any form to avail of the loan facility against my deposit?
No. You don’t have to fill out any form, provide a guarantor, or pay any processing fee to avail of the loan facility against your deposit. The tenure for such a loan can be one day up to the maturity period of the deposit to meet short-term requirements.
About the Author
Mayashree Acharya
Senior Content Writer
I am an advocate by profession and have a keen interest in writing. I write articles in various categories, from legal, business, personal finance, and investments to government schemes. I put words in a simplified manner and write easy-to-understand articles. Read more
Clear offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. Clear serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses across India.
Efiling Income Tax Returns(ITR) is made easy with Clear platform. Just upload your form 16, claim your deductions and get your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing.
CAs, experts and businesses can get GST ready with Clear GST software & certification course. Our GST Software helps CAs, tax experts & business to manage returns & invoices in an easy manner. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Clear can also help you in getting your business registered for Goods & Services Tax Law.
Save taxes with Clear by investing in tax saving mutual funds (ELSS) online. Our experts suggest the best funds and you can get high returns by investing directly or through SIP. Download Black by ClearTax App to file returns from your mobile phone.
Cleartax is a product by Defmacro Software Pvt. Ltd.