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** Disclaimer: Bank of Baroda has not partnered with Bajaj Markets. The information is intended for educational purposes only. You are advised to contact the Banks/NBFCs for additional details.


Bank of Baroda is one of India’s largest nationalised banks that offers customers an array of banking and financial services. Fixed deposits happen to be one of the leading low-risk investment options offered by the bank. BoB FD interest rates range from 3%-5.65% for regular citizens, while Bank of Baroda FD rates for senior citizens can range up to 6.30%. 


BoB offers several long and short-term FD plans with tenors ranging from just 7 days to 10 years. Thus, you can pick a plan depending on your investment goals. For instance, if you need your monthly expenses covered but also wish to enjoy high assured returns, BoB’s monthly/quarterly income plan FDs may be your best bet. 

Bank of Baroda Fixed Deposit Interest Rate for Senior Citizens & Non-Senior Citizens

Before proceeding to the features, eligibility and application process, it's prudent to glance at the prevalent Bank of Baroda FD interest rates. Here’s a comprehensive BoB FD interest rate table that you can use as a guide while booking an FD account: 


Bank of Baroda Non-Senior Citizen FD Interest Rates

Bank of Baroda Senior Citizen FD Interest Rates

7 days -14 days

3.00% p.a.

3.50% p.a.

15 days to 45 days

3.00% p.a.

3.50% p.a.

46 days to 90 days

4.00% p.a.

4.50% p.a.

91 days to 180 days

4.00% p.a.

4.50% p.a.

181 days to 270 days

4.65% p.a.

5.15% p.a.

271 days to below 1 year

4.65% p.a.

5.15% p.a.

1 year

5.50% p.a.

6.00% p.a.

Above 1 year to less than 400 days

5.50% p.a.

6.00% p.a.

Above 400 days to 2 years

5.50% p.a.

6.00% p.a.

Above 2 years to  3 years

5.55% p.a.

6.05% p.a.

Above 3 years to 5 years

5.65% p.a.

6.30%* p.a.

Above 5 years to 10 years

5.65% p.a.

6.65%** p.a.

*Additional 0.15% for non-callable FDs.

**Additional 1% over the base rate. 

Note: Interest rates w.e.f 13.09.2022 and can change from time to time as per the bank’s discretion. ROI mentioned in the table corresponds to only retail domestic term deposits under ₹2 Crores. 

Bank of Baroda Fixed Deposit Rates Calculator

To make an informed investment decision and plan your future better, you should calculate the outstanding returns from a Bank of Baroda FD before investing in one. You can do this easily with the help of the Bank of Baroda FD calculator. The Bank of Baroda FD calculator is an online tool that uses simple information to help you gauge the profitability of your BoB FDs. In other words, you need to input parameters like principal invested, rate of interest, tenor and payout frequency to determine your investment's potential returns. 

Deposit Amount
Interest Rate
Interest Payout
Your Total Maturity Amount is
Total Maturity Amount
Total Investment
Total Interest Earned

Features & Benefits of Bank of Baroda Fixed Deposit

High Interest Rates

Bank of Baroda FD interest rates for regular citizens range from 3%-5.65%, while BoB FD interest rates for seniors can range up to 6.65%. 

Online Application

 You can apply for a BoB FD in just a few easy steps via the bank’s NetBanking portal. 

Low Minimum Investment and Flexible Tenors

You can start a BoB time deposit with just ₹1,000. BoB FDs also come with flexible tenors ranging from 7 days to 10 years. 

Premature Withdrawals

If you opt for the callable FD, you can withdraw sums against a nominal 1% penalty deduction on the applicable Bank of Baroda FD interest rate. 

Loanable Investments

A BoB FD doesn’t just promise high returns but also doubles up as a loanable asset. You can avail of secured loans of up to 95% of your BoB FD amount, that too, at just 1.5%-1.75%. 

Nomination Allowed

Since Bank of Baroda senior citizen FD interest rates are attractive, you can open a senior citizen account for your parents and enjoy a nomination facility on the same. 


Most BoB  term deposits come with an auto-renewal facility that saves you the hassle of remembering maturity dates to manually issue a renewal mandate. 

Bank of Baroda FD Interest Rates for Senior Citizens and Others for up to 5 Years

Your FD tenor plays an important role in determining your earnings from a lump-sum investment. Since Bank of Baroda FD interest rates vary as per the investment tenor, it's prudent to analyse your earnings vis-a-vis the length of the investment period. 


The following table shows Bank of Baroda interest rates and maturity amounts for an initial deposit of ₹1 Lakh with interest compounding quarterly.


Non-Senior Citizen

Senior Citizen

Interest Rate

Interest Earned

Maturity Amount

Interest Rate

Interest Earned

Maturity Amount

1 Year







2 Years







3 Years







4 Years







5 Years







Eligibility Criteria & Documents required for Opening an FD with Bank of Baroda

While Bank of Baroda FD interest rates are quite attractive, you do have to prove your eligibility before applying for such investment plans. If you meet the eligibility criteria outlined below and can furnish the documents listed, you can book a BoB FD in no time. 

Eligibility Criteria

  • Indian citizens (including minors)

  • Hindu Undivided Families (HUF)

  • Joint account holders

  • Sole proprietorship and partnership firms

  • Joint stock companies

  • Educational institutions 

  • Public and private companies

  • Associations

  • Clubs

  • Registered societies 

(Note: Only the first two eligibility criteria are applicable for the BoB Tax Saver FD)

Documents Required

Here’s a list of documents you need to submit to verify your eligibility as per the above-mentioned parameters:

  • Duly filled FD application form

  • Identity proof  (Aadhaar Card, PAN Card, utility bills, Voter’s ID, passport, driver’s licence)

  • Address proof (Aadhaar Card, PAN Card, utility bills, Voter’s ID, passport, driver’s licence)

  • Passport-size photos of the applicant

  • Copies of the applicant’s PAN Card

  • A detailed introduction from the applicant

  • Any additional documents needed for HUFs, associations, trusts, companies, partnership firms, and registered societies. 



How to Open an FD in Bank of Baroda

To reap the benefits of Bank of Baroda FD rates, you can book an FD in the following three ways:

Online via Internet Banking

  • Step 1: Visit the BoB website 

  • Step 2: Go to the ‘Account Opening’ tab and select the ‘Fixed Deposit’ option

  • Step 3: Depending on your investment needs, pick an FD from the listed options

  • Step 4: Click on the ‘Apply Now’ option

  • Step 5: Fill up the mandatory details like your name, mobile number, city etc. 

  • Step 6: Click ‘Submit’ to verify your credentials and fill up the FD application form 

  • Step 7: Upon submission of the form, your FD will be booked 

Online via the Bank of Baroda Mobile App

  • Step 1: Download the Bank of Baroda mobile app and sign-in 

  • Step 2: Go to the ‘Open Fixed Deposit’ tab

  • Step 3: Fill up important details like nominee name, maturity tenor, payout option

  • Step 4: Upon submission of the form, your FD will be booked 

Offline via a BoB Branch 

You can also reap the benefits of Bank of Baroda’s FD interest rates by booking an FD offline. To do so, follow the below-mentioned steps:

  • Step 1: Visit your nearest BoB branch

  • Step 2: Fill up the FD opening form

  • Step 3: Submit the documents needed for the FD

  • Step 4: Once your form and documents are verified, BoB will issue an FD certificate against the account

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How to Use the Bank of Baroda FD Calculator

Using a Bank of Baroda FD calculator is quite simple and doing so saves you from spending hours on manual calculations. You can use this online tool completely free-of-charge to calculate your returns as per the applicable Bank of Baroda FD interest rates.


Additionally, you can enter different tenors to gauge the potential returns on your principal investment. Knowing your return estimates beforehand can help you plan better. Here’s how you can use the Bank of Baroda FD calculator:

  • Step 1: Select your customer type 

Under customer type, you will find two options listed on the Bank of Baroda FD calculator. If you are under the age of 60 years, pick the ‘regular citizen’ option. However, if you are above 60 years, tick the ‘senior citizen’ option. 

  • Step 2: Select your fixed deposit type

Next, depending on your preferred interest payout frequency, you will have to pick between cumulative and non-cumulative deposit options. If you pick the former, you will receive the entire interest payable at the end of the tenor. Alternatively, if you opt for the non-cumulative option, you can avail of monthly, quarterly or half-yearly interest payouts. 

  • Step 3: Enter the deposit amount

While the Bank of Baroda FD calculator will automatically fill in the deposit date, you do need to enter the principal amount. This amount corresponds to the sum which you wish to invest in the FD. 

  • Step 4: Pick a preferred payment tenor 

Next, you will have to enter your desired investment tenor into the Bank of Baroda FD calculator. BoB offers FD tenors ranging from 7 days to 10 years. While you can pick a tenor as per your preferences, investing for a longer duration ensures higher returns. 

  • Step 5: Review your maturity amount 

Once you have filled in all these fields on the Bank of Baroda FD calculator, you can review your maturity amount on the side panel. Additionally, this side panel also displays the interest rate, total interest earned on the principal amount and maturity date for your FD. It is important to remember that this tool automatically calculates the Bank of Baroda FD interest rates applicable to the parameters you enter. Thus, you don’t need to manually insert BoB FD rates.   

How is a Bank of Baroda FD Maturity Amount Calculated?

You can calculate the maturity amount due using the following compound interest formula:


M = P (1+r/n) ^ (n * t)


Here, M is the maturity amount 

P is the principal invested

i is the Bank of Baroda fixed deposit interest rate

n is the frequency of compounding

And, t is the tenor of the deposit


However, calculations derived using this formula are prone to errors. To ensure that your returns estimates are more precise, you can use a Bank of Baroda FD calculator. Using this fool-proof tool for determining your returns from the invested amount is both easy and free. You can use the steps outlined above to calculate your returns in under a minute. 


The information provided by BFDL herein above is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial investment advice or endorsement of any sort.

The information including interest rates with regard to fixed deposit, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any investment or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products. 

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Latest Bank of Baroda FD News

Bank of Baroda Increases FD Rates, Revised Rate Goes Up to 7.05% p.a

Bank of Baroda (BoB) has repeatedly increased its interest rates on fixed deposits (FD) less than ₹2 Crore. The revised rates are effective from 17th March, 2023. At present, the bank offers 3.00% p.a - 6.25% p.a for FDs that mature in 7 days - 10 years for non-senior citizens and 3.50% p.a - 6.75% p.a for senior citizens now. The bank’s new plan, Baroda Tiranga Plus Deposit scheme offers up to 7.05% p.a and up to 7.55% p.a on a 399-day fixed deposit plan for non-senior and senior citizens respectively.


- Apr 03, 2023

Bank of Baroda Increases FD interest rates

The Bank of Baroda announced a hike in interest rates for fixed deposits across maturity periods. Fixed deposits under Rs.2 crores will now have a higher interest rate. The new rates will be effective from 26th December, 2022. BOB now offers interest rates between 3% to 7% to regular citizens for tenor ranging from 7 days to 10 years. The rate of interest for the Baroda Tiranga Plus Deposit Scheme has also been revised. Interest rates of up to 7.80% p.a is now offered for this 399 day tenor Baroda Tiranga Plus deposit policy.


- Dec 29, 2022


Yes. Apart from non-callable tax-saver FDs that come with a 5-year lock-in period, you can prematurely withdraw investment from all other BoB FD accounts. However, doing so will attract a 1% reduction on the applicable Bank of Baroda FD interest rate as a penalty charge. 

Most BoB FD investments come with an auto-renewal option. You can pick this option while finalising the maturity terms for your investment. Alternatively, if you have missed this option while booking your FD, you can extend the investment via the BoB NetBanking portal or visit the nearest bank branch.

Yes. Investing in the BoB tax saving fixed deposit offers you tax deductions of up to ₹1.5 Lakhs under section 80C of the Income Tax Act 1961.

Since you can apply for a BoB FD online or offline, the bank offers two kinds of application forms for these two application modes. You can fill up the online form via the bank’s website or visit your nearest branch to fill it up offline.

Yes. If the interest earnings from your BoB FDs exceed the ₹40,000 mark in a year, the bank will deduct a 10% TDS from your returns. For senior citizens, the TDS cap is placed at ₹50,000. However, if you don’t have a PAN linked to the FD account, deductions will be made at a higher rate of 20%.

Yes. NRIs can open BoB FDs using the Baroda Advantage NRO (non-callable), NRE Rupee or NRO Rupee FDs.

You can open a BoB FD with a minimum deposit of ₹1,000.

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