Revised Rate of interest on slab wise SB Deposits (w.e.f 19/07/2021) are as under:
SB deposits outstanding Balance Revised Interest Rates w.e.f 19/07/2021
Up to o/s Rs. 1.00 lakh 2.75%
Above Rs 1.00 lakh to less than Rs 200 crores 2.75%
Rs 200 crores and above to less than Rs 500 crores 3.05%
Rs 500 crores and above to less than Rs 1,000 crores 3.10%
Rs 1,000 crores and above 3.20%

For Domestic & NRO Term Deposits [Per Annum] [Fresh & Renewal] [Callable] (ROI in %)
- Below Rs. Two Crore
Tenors Below Rs 2 Cr. (w.e.f. 16.11.2020)
7 days to 14 days 2.80
15 days to 45 days 2.80
46 days to 90 days 3.70
91 days to 180 days 3.70
181 days to 270 days 4.30
271 days & above and less than 1 year 4.40
1 year 4.90
Above 1 year to 400 days 5.00
Above 400 days and upto 2 Years 5.00
Above 2 Years and upto 3 Years 5.10
Above 3 Years and upto 5 Years 5.25
Above 5 Years and upto 10 Years 5.25
Above 10 years (for MACT/MACAD
Court Order schemes only)
5.10

*In the current challenging situation brought by COVID-19, Bank has agreed to continue to pay additional rate to Resident Senior Citizen for less than RS.2.00 Crores as under:

  1. 0.50% for all tenors up to 5 years.
  2. 1.00% for "Above 5 years to up to 10 years" tenor and valid till 30.09.2021.

For Domestic Term Deposits & NRO Deposits [Per Annum] [Fresh & Renewal] [Callable] (ROI in %) Rs. 2 Crore to upto Rs. 10 Crore (w.e.f. 20.09.2021)
Tenors Rs 2 Cr. to upto Rs 10 Cr.
7 days to 14 days 2.90
15 days to 45 days 2.90
46 days to 90 days 2.90
91 days to 180 days 2.90
181 days to 270 days 3.05
271 days & above
and less than 1 year
3.05
1 year 3.60
Above 1 Year and
upto 2 Years
3.60
Above 2 Years and
upto 3 Years
3.60
Above 3 Years and
upto 5 Years
3.60
Above 5 Years and
upto 10 Years
3.60

Interest Rates for Domestic Term Deposits & NRO Deposits of Above Rs 10 Crores to upto Rs 50 Crores (Fresh & Renewal) (w.e.f. 20.09.2021)
Maturity Range Amount of Deposit Per receipt
Above Rs 10 cr. to upto Rs 25 cr.
Above Rs 25 cr. to upto Rs 50 cr.
7 days to 14 days 2.90 2.90
15 days to 45 days 2.90 2.90
46 days to 90 days 2.90 2.90
91 days to 180 days 2.90 2.90
181 days to 270 days 3.05 3.05
271 days & above and
less than 1 year
3.05 3.05
1 year 3.60 3.60
Above 1 Year and upto 2 Years 3.60 3.60
Above 2 Years and upto 3 Years 3.60 3.60
Above 3 Years and upto 5 Years 3.60 3.60
Above 5 Years and upto 10 Years ** **

Interest Rates for Domestic Term Deposits & NRO Deposits of Above Rs 50 Crores to upto Rs.100 Crores & above Rs 100 Crores (Fresh & Renewal) (w.e.f. 20.09.2021)
Tenors Amount of Deposit Per receipt
Above Rs 50 cr. to upto Rs 100cr.
7 days to 14 days 2.90
15 days to 45 days 2.90
46 days to 90 days 2.90
91 days to 180 days 2.90
181 days to 270 days 3.05
271 days & above and
less than 1 year
3.05
1 year 3.60
Above 1 Year and upto 2 Years 3.60
Above 2 Years and upto 3 Years 3.60
Above 3 Years and upto 5 Years 3.60
Above 5 Years and upto 10 Years **

Interest Rates for Domestic Term Deposits & NRO Deposits of Above Rs.100 Crores (Fresh & Renewal) (w.e.f. 20.09.2021)
Tenors Amount of Deposit Per receipt
Above Rs 100 cr. to upto Rs 500cr.
Above Rs 500 cr. to upto Rs 1000cr.
Above Rs 1000 cr.
7 days to 14 days 2.90 2.90 2.90
15 days to 45 days 2.90 2.90 2.90
46 days to 90 days 2.90 2.90 2.90
91 days to 180 days 2.90 2.90 2.90
181 days to 270 days 3.05 3.05 3.05
271 days & above and
less than 1 year
3.05 3.05 3.05
1 year 3.60 3.60 3.60
Above 1 Year and upto 2 Years 3.60 3.60 3.60
Above 2 Years and upto 3 Years 3.60 3.60 3.60
Above 3 Years and upto 5 Years 3.60 3.60 3.60
Above 5 Years and upto 10 Years ** ** **

Baroda Tax Savings Term Deposit (w.e.f. 16.11.2020)
Tenors Deposit [Per Annum] less than Rs 2 Cr. Sr. Citizen(w.e.f 16.11.2020)
For 5 years 5.25 5.75
Above 5 years to up to 10 years 5.25 6.25

Note: Sr. Citizen Rate IS applicable only for "Resident Indian Sr. Citizen".

*Premature withdrawal not allowed before completion of 5 years except in case of death of the customer

  • Capital Gain Accounts Scheme, 1988

For all Deposits under Capital Gain Accounts Scheme, 1988, interest rate will be applicable as per normal time & period. It will also not be in order to offer higher/differential rate of interest on deposits received under the Capital Gains Accounts Scheme, 1988.

  • Domestic Term Deposits for Citizens

Branches may continue to pay an additional interest on domestic term deposits of less than Rs.2.00 Crores

0.50% for all tenors in below 5 years.

1.00% for “Above 5 years to up to 10 years” tenor and valid till 30.09.2021.

As regards premature withdrawal of Deposits of Rs.1.00 Crore and Above, the below mentioned conditions as per our circular Nos. BCC/BR/110?540 Dated 31/10/2018 and BCC/BR/111/122 Dated 11/03/2019 shall remain applicable:

  • 31 days prior notice, and
  • Penalty @1.5% on applicable rate of interest for the period for which the deposit has remained with the Bank

For Baroda Advantage Fixed Deposit (Domestic) Accounts (Non Callable) Fresh & Renewal) - Minimum Rs. 15.01 lakhs to below Rs. Two Crore
Tenors Below Rs 2 Cr. (w.e.f. 16.11.2020)
1 year 4.95
Above 1 Years to 400 days 5.05
Above 400 days and upto 2 Years 5.05
Above 2 Years and upto 3 Years 5.15
Above 3 Years and upto 5 Years 5.35
Above 5 Years and upto 10 Years 5.35

For Baroda Advantage Fixed Deposit (domestic) Accounts (Non Callable)(Deposit amount: Rs. 2 Cr. and above)

Non-Callable Bulk deposits of Rs.2.00 crore and above will also have additional interest upto 10 bps over the applicable rate of interest for Normal Bulk Deposits (callable) as per the maturity period of deposits as decided by The Treasury Department, BCC


For Baroda Advantage Fixed Deposit (domestic) Accounts (Non Callable) (w.e.f. 20.09.2021)
Tenors ROI for Deposits of Rs. 2 Cr.
to upto Rs. 10 Cr.
Above Rs. 10 Cr.
to upto Rs. 25 Cr.
Above Rs. 25 Cr.
to upto Rs. 50 Cr.
Above Rs. 50 Cr.
to upto Rs. 100 Cr.
Above Rs. 100 Cr.
to upto Rs 500 Cr.
Above Rs. 500 Cr.
to upto Rs 1000 Cr.
Above Rs. 1000 Cr.
1 year 3.70 3.70 3.70 3.70 3.70 3.70 3.70
Above 1 Years and upto 2 Years 3.70 3.70 3.70 3.70 3.70 3.70 3.70
Above 2 Years and upto 3 Years 3.70 3.70 3.70 3.70 3.70 3.70 3.70
Above 3 Years and upto 5 Years 3.70 3.70 3.70 3.70 3.70 3.70 3.70
Above 5 Years and upto 10 Years 3.70 - - - - - -

Foreign Currency Non-resident Deposit - FCNR(B) - w.e.f. 1 September,2021. The rates shall be effective up to 30th September, 2021. (Rates are subject to change as per Bank’s discretion)
Maturity Period USD GBP EUR AUD
1 Yr. to less than 2 yrs. 0.52
(0.52)
0.58
(0.54)
0.00
(0.00)
0.10
(0.11)
2 Yrs. to less than 3 yrs. 0.56
(0.54)
0.73
(0.69)
0.00
(0.00)
0.25
(0.21)
3 Yrs. to less than 4 yrs. 0.69
(0.64)
0.73
(0.70)
0.00
(0.00)
0.45
(0.41)
4 Yrs. to less than 5 yrs. 0.87
(0.82)
0.79
(0.77)
0.00
(0.00)
0.65
(0.57)
5 Years 1.02
(0.95)
0.84
(0.82)
0.00
(0.00)
0.82
(0.76)

Figures in bracket ( ) indicate rate of interest before revision.

The above revised rates will be applicable for fresh and existing FCNR (B) deposits which are renewed on maturity.

Please note that no additional interest is permitted to Senior Citizen and Staff.


Baroda Advantage Fixed Deposit (Non Callable) for NRIs NRE/NRO Deposit Rs. 15.01 lacs to below Rs.2 Crores
Maturity Range For 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. 16-11-2020)
1 year 4.95
Above 1 year and upto 400 days 5.05
Above 400 days and upto 2 years 5.05
Above 2 years and upto 3 years 5.15
Above 3 years and upto 5 years 5.35
Above 5 years and upto 10 years 5.35

NRE Term (Rupee) Deposits [Fresh & Renewal] [Callable] (ROI in %) –Below Rs. Two Crore (w.e.f. 16.11.2020)
Tenors Below Rs.2.00 crore
1 year 4.90
Above 1 Years to 400 days 5.00
Above 400 days and upto 2 Years 5.00
Above 2 Years and upto 3 Years 5.10
Above 3 Years and upto 5 Years 5.25
Above 5 Years and upto 10 Years 5.25

NRE Term (Rupee) Deposits (w.e.f. 20.09.2021)
Maturity Range Rs.2 crore to upto Rs. 10 crores
1 Year 3.60
> 1 yr. upto 2 yrs. 3.60
> 2 yrs. upto 3 yrs. 3.60
> 3 yrs. upto 5 yrs. 3.60
>5 years upto 10 years 3.60

NRE Term Deposits of Above Rs. 10 crores to upto Rs.50 Crores (Fresh & Renewal) (w.e.f. 20.09.2021)
Maturity Range Amount of Deposit Per receipt
Above Rs.10 cr. to upto Rs.25 cr. Above Rs.25 cr. to upto Rs.50 cr.
1 year 3.60 3.60
> 1 year up to 2 years 3.60 3.60
> 2 years up to 3 years 3.60 3.60

NRE Term Deposits of Above Rs. 50 crores and More (Fresh & Renewal) (w.e.f. 20.09.2021)
Maturity Range Amount of Deposit Per receipt
Above Rs.50 cr. to Rs.100 cr
Above Rs.100 cr. to Rs.500 cr
Above Rs.500 cr. to Rs.1000 cr
Above Rs.1000 cr
1 year 3.60 3.60 3.60 3.60
> 1 yr. upto 2 yrs. **** **** **** ****
> 2 yrs. upto 3 yrs **** **** **** ****
> 3 yrs. upto 5 yrs. **** **** **** ****
> 5 yrs. upto 10 yrs. **** **** **** ****

Note

As hitherto the above rates are not to be loaded with any other type of additional rate of interest (like Sr. Citizen, army/naval groups, staff account etc.) for any purpose what so ever it may be.

Rules regarding payment and calculation of interest on time deposits

Interest accrued on a time deposit, would ordinarily be paid, only on maturity. However, at the request of the depositor, interest on deposits of -12- months and over, can be paid before maturity on the following basis:-

Monthly, quarterly or half yearly interest on completion of the month/quarter/half year calculated from the date of deposit or end of each calendar month / quarter / half year, whichever is later.

Interest payable under the Monthly Income Plan is the discounted value of interest payable in terms of IBA code for Banking practice. i.e. interest received under Monthly Income Plan will be less than simple interest.

For calculation of interest on term deposits for periods less than -12- months, the following methodology would be adopted:- ( w.e.f.01.10.2017)

  • Deposit placed for period less than one quarter / 3 months, interest will be calculated for the actual number of days on the basis of 365/366 days in a year.
  • Deposit placed for more than one quarter / 3 months to less than or equal to 181 days /6 months interest will be calculated first for completed quarter and thereafter for actual number of days if terminal quarter is incomplete reckoning the year at 365/366 days. While calculating interest for days the interest calculated for quarter will be added to principal amount for calculating interest for remaining days of terminal quarter.
  • Deposit placed for more than two quarters / six months but less than one year interest will be calculated first for completed quarters and for terminal incomplete quarter, actual number of days reckoning the year at 365/366 days. Interest will be calculated and compounded at quarterly rests.

Standing Instructions are accepted for credit of periodical interest in case of monthly / quarterly / half yearly interest on deposits to customers Current / Savings Bank account.

Method of calculation of interest adopted for Term deposit (period of deposit more than a year ) w.e.f. 01.03.2012

In all cases of domestic term deposits (period of deposit more than a year) where the terminal quarter is incomplete, interest will be calculated for the actual number of days, reckoning the year 365/366 days viz. the calculation of interest on such deposits will be in order of completed quarters and days . Interest will be compounded on quarterly basis.

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