Recurring Deposits at the Bank of Baroda (BOB) is one of the most beneficial deposit schemes for individuals with a regular income source and seeking a secure investment option. Under this scheme, you can save a part of your income by depositing it in your BOB RD account every month for a predetermined tenure.
The third-largest public sector bank in the country, Bank of Baroda, offers competitive interest rates that enable you to earn good returns from your monthly deposits. Read to learn more about Bank of Baroda RD interest rates.
Refer to the following table that features some of the major highlights of the Bank of Baroda Recurring Deposit Schemes for 2025:
Tenure | 6 months to 10 Years |
Senior Citizen Interest Rates | 4.75% p.a. to 7.65% p.a. |
Highest Rates for Senior Citizens | 7.65% p.a. |
General Public Interest Rates | 4.25% p.a. to 7.15% p.a. |
Highest Rates for Public | 7.15% p.a. |
Premature Withdrawal | 1% on the applicable interest amount |
Minimum Deposit Amount | Rs. 100 for individuals from urban and metro areas. Rs. 50 for individuals from rural and semi-urban areas. |
With competitive interest for Bank of Baroda Recurring Deposit accounts, you can effectively plan your long-term financial plan. However, you must remember that the BOB RD interest rates are subject to change and are revised by the bank from time to time.
Hence, it is crucial to check the interest rates for the specific year you are planning to opt for an RD account at the Bank of Baroda.
Nevertheless, the following table provides the Bank of Baroda RD interest rates 2025:
Maturity Period | Interest Rates for the General Public | Interest Rates for Senior Citizens |
7 days to 14 days | 4.25% p.a | 4.75% p.a |
15 days to 45 days | 4.50% p.a | 5.00% p.a |
46 days to 90 days | 5.50% p.a | 6.00% p.a |
91 days to 180 days | 5.60% p.a | 6.10% p.a |
181 days to 210 days | 5.75% p.a | 6.25% p.a |
211 days to 270 days | 6.25% p.a | 6.75% p.a |
271 days and above and less than 1 year | 6.50% p.a | 7.00% p.a |
1 year | 6.85% p.a | 7.35% p.a |
Above 1 year to 399 days | 7.00% p.a. | 7.50% p.a |
Above 400 days to 2 years | 7.00% p.a. | 7.50% p.a. |
Above 2 years to 3 years | 7.15% p.a. | 7.65% p.a. |
Above 3 years to 5 years | 6.80% p.a. | 7.40% p.a. |
Above 5 years to 10 years | 6.50% p.a. | 7.50% p.a. |
Above 10 years | 6.25% p.a | 6.75% p.a |
Please note that the BOB RD interest rates mentioned in the above table are applicable for deposits that are less than Rs. 3 Crore.
Bank of Baroda offers majorly three types of Recurring Deposit schemes that cater to the varied requirements of individuals:
Under this scheme, the minimum initial deposit should be Rs. 50, and the tenure would range from 6 months to 120 months. The interest earned is compounded quarterly and is paid on a monthly basis. You are allowed to close the account and withdraw the deposits before maturity without attracting penalties.
Under this scheme, the minimum initial deposit should be Rs. 100, with a maximum of Rs. 10,000 and the tenure would range from 12 months to 120 months. The interest would be paid and credited on a half yearly basis. Senior citizens will get additional interest as per guidelines.
Under this scheme, the minimum initial deposit should be Rs. 1,000, and the tenure would range from 33 months to 120 months. The interest earned is compounded quarterly and is paid on maturity. You are allowed to close the account and withdraw the deposits before maturity without attracting penalties.
Amount of SDP | General Citizen Tenure (Months) | Maturity Amount (Rs.) | Senior Citizen Tenure (Months) | Maturity Amount (Rs.( |
1,000 | 81 | 1,01,761 | 78 | 1,00,584 |
1,500 | 57 | 1,00,308 | 57 | 1,01,952 |
2,000 | 45 | 1,02,087 | 45 | 1,03,397 |
2,500 | 36 | 1,00,737 | 36 | 1,01,530 |
3,000 | 33 | 1,09,629 | 33 | 1,10,419 |
Under this scheme, the minimum initial deposit should be Rs. 10,000, and the tenure would range from 33 months to 120 months. The interest earned is compounded quarterly and is paid on a monthly basis. You are allowed to close the account and withdraw the deposits before maturity without attracting penalties.
Amount of SDP | General Citizen Tenure (Months) | Maturity Amount (Rs.) | Senior Citizen Tenure (Months) | Maturity Amount (Rs.( |
10,000 | 81 | 10,17,609 | 78 | 10,05,844 |
15,000 | 57 | 10,03,076 | 57 | 10,19,515 |
20,000 | 45 | 10,20,870 | 45 | 10,33,975 |
25,000 | 36 | 10,07,370 | 36 | 10,15,299 |
30,000 | 33 | 10,96,285 | 33 | 11,04,186 |
Under this scheme, the minimum initial deposit should be Rs. 60,000, and the tenure would range from 45 months to 120 months. The interest earned is compounded quarterly and is paid on a monthly basis. You are allowed to close the account and withdraw the deposits before maturity without attracting penalties.
Amount of SDP | General Citizen Tenure (Months) | Maturity Amount (Rs.) | Senior Citizen Tenure (Months) | Maturity Amount (Rs.( |
60,000 | 120 | 1,01,39,277 | 117 | 1,03,38,570 |
75,000 | 102 | 1,02,15,485 | 102 | 1,02,78,629 |
100,000 | 81 | 1,01,76,093 | 78 | 1,00,58,441 |
200,000 | 45 | 1,02,08,698 | 45 | 1,03,39,747 |
Go through the following points that showcase some of the major features of the RD interest rates of BOB, which make it a preferable choice for numerous individuals:
Recurring Deposit accounts tend to have a minimum initial requirement. Likewise, the Bank of Baroda comes with a requirement of Rs. 50 as the initial deposit. After fulfilling the requirement of the initial amount, you can increase the specified amount by informing the bank about it.
Bank of Baroda recurring deposit interest rates are competitive and can be as high as 7.15% for the general public and 7.65% for senior citizens per annum. The interest rates for the Recurring Deposit accounts tend to change every year; however, BOB RD is one of the sought-after schemes for monthly savings.
You are allowed to make flexible installments based on half-yearly or quarterly modes. You can also open your Recurring Deposit account at the Bank of Baroda from any branch and avail the applicable facilities. You are also allowed to select a family member as your nominee who can receive the sum in your absence.
Bank of Baroda provides the flexibility to allow account holders to select tenure at their convenience. Tenure ranges from 181 days to 10 years. However, you need to remember that your tenure will impact your RD interest rates.
The Bank of Baroda recurring deposits interest rates are calculated quarterly and compounded to allow you to earn good returns on your monthly investment.
Hence, according to the compound interest method, the recurring deposit interest rates of Bank of Baroda are compounded every quarter from the date of the initial deposit.
The following is the formula used for RD interest calculations:
M = P x {(1 + r/n)^(nt) - 1} / (1 - (1 + r/n)^-n).
Here:
Example:
Sunita opens an RD account in Bank of Baroda with a monthly deposit of Rs. 3000 for 3 years at Bank of Baroda with an interest rate of 5.10%.
M = P x {(1 + r/n)^(nt) - 1} / (1 - (1 + r/n)^-n).
As per the formula,
M = 3000 x {(1 + 5.10%/4)^(4*36) - 1} / (1 - (1 + 5.10%/4)^-4)
M = Rs. 1,16,888.6
Therefore, from the above calculation, it is understood that Sunita will get a return of Rs. 1,16,888 after completing the tenure of 3 years and depositing Rs. 3000 every month for 3 years.
Consider using the Bank of Baroda RD Calculator to get the estimated returns based on the tenure and monthly deposit amount. It helps you get accurate results in no time while also allowing you the flexibility to change the details and calculate until you are satisfied with the results.
Bank of Baroda offers multiple Recurring Deposit schemes for a wide range of organisations and individuals. However, there are a few eligibility parameters that you need to satisfy whenever you wish to open a Bank of Baroda Recurring Deposit:
Bank of Baroda needs to verify the authentication of your location and identity before sanctioning your Recurring Deposit account with them. Thus, the following are some of the crucial documents you will need to open a BOB RD account.
Address Proof
Identity Proof
Please note that you may need to submit a few other documents based on the type of RD account you wish to open at the Bank of Baroda. Thus, it is always better to inquire about the required set of documents from the bank beforehand.
Bank of Baroda offers the flexibility to open your Recurring Deposit account through both online and offline processes. Go through the following step-by-step process of opening a Bank of Baroda RD account:
Online Application
Once you complete the application process, you will receive a confirmation message with your registered mobile number and email ID. Your specified installment amount will be debited accordingly.
Offline Application
Once you complete the process, the bank shall process your RD account application within a stipulated time frame.
You can refer to the following step-by-step process to close your Bank of Baroda RD account:
Having a Recurring Deposit account in the Bank of Baroda is one of the best investment options, especially for those with a stable income source every month. Thus, the following are some of the major benefits of investing in a Bank of Baroda Recurring Deposit scheme:
Even though premature withdrawal of Recurring Deposits is not allowed, you can still opt for the same by attracting a penalty. Hence, you need to opt for a premature withdrawal of deposits up to Rs. 5 lakhs to avoid penalties.
Also, the deposit should remain with the bank for 12 months minimum with the withdrawal. Nevertheless, the bank charges a penalty of 1% on the applicable interest for premature withdrawal from Recurring Deposits accounts.
With competitive Bank of Baroda RD interest rates, you can effectively achieve your short-term and long-term financial goals. Hence, investing in a recurring deposit scheme can be the ideal option for increasing your wealth if you have a regular monthly income.