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Ideal for
  • All
  • Defence
  • Farmers
  • Millennial
  • Professional
  • Radiance
  • Salary accounts
  • Senior Citizen
  • Women
  • Others
  • HNI's
Category
  • All
  • Fixed Deposit
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  • Capital Gain
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  • Fixed Deposit

    Fixed Deposit earns attractive interest rates, based on the tenure you choose. Start to explore the Bank of Baroda FD interest rates today!

  • Recurring Deposit

    Recurring Deposit inculcates a habit of saving a certain amount, regularly. Open Recurring Deposit Account online to start small today!

  • bob earth Green Term Deposit

    New Deposit product to mobilize resources for activities addressing global warming & climate change related issues and promoting greener earth

    • Fund acquired through the Green Deposit will be financed into environment friendly projects to reduce the global temperature as well as to make the earth greener
  • Capital Gain Account Scheme, 1988

    The Capital Gain Account Scheme helps you avail tax exemptions from capital gains, with two types of accounts, savings and term deposit accounts. Comes with nomination facility and minimum principal amount of Rs.1000.

    • Minimum amount Rs. 1000 and in multiples of Rs. 100
    • Minimum 12 months, Maximum 120 months

Frequently Asked Questions (FAQs)

  • What is a Term Deposit?

    Term deposit or fixed deposits are deposits, where the depositor makes a lump sum deposit at our time for a fixed term and receives payment thereof on maturity. Bank of Baroda provides term deposits for 7 days to 120 months.

  • What are the types of Term Deposits?

    The bank categorises term deposits as less than 12 months (short term deposits), more than 12 months (long term deposits) and recurring deposits. The bank offers a choice of term deposits for you to choose from. Visit https://www.bankofbaroda.in/personal-banking/accounts/deposits to apply to the most suitable.

  • Which Term Deposit is best?

    While term deposits come with attractive returns, they have low risks and higher term interests than saving accounts, and if you are a senior citizen, your returns are higher. Bank of Baroda offers a choice of deposits with high returns in short periods. The choice of term deposits depends on your capacity to invest and the term of investment you choose. Read each scheme carefully to decide which scheme suits your investment portfolio.


  • What is the rate of interest for a Term Deposit?

    Interest rates varies depending on the tenure for which the Term deposit is opened.

    For more insight click: https://www.bankofbaroda.in/interest-rate-and-service-charges/deposits-interest-rates

  • Do you pay tax on a Term Deposit?

    Interest payment is subject to Tax Deducted at source (TDS) as per prevailing Income Tax ACT. However, TDS on deposits that earn interest more than the maximum cap in a financial year as per income tax guidelines.

  • Can Term Deposits be withdrawn before maturity?

    The Bank on request from the depositor, at its discretion may allow withdrawal of Term deposit before completion of the period of the Deposit agreed upon at the time of placing the deposit. The Bank shall declare their penal interest rates, policy for premature withdrawal of Term Deposit from time to time. Penalty will be deducted as per Bank’s extant guidelines.


  • What is better a Savings Account or Term Deposit?

    Fixed deposits are profitable as they generate better returns over regular savings account Therefore, in terms of interest rates, a term deposit will multiply your principal fund at a healthy rate. You can access the Savings Account at whatever time you require. It is a good practice to maintain a Savings Account, and at the same time, invest in term deposits according to your saving capacity.

  • Can I withdraw my Term Deposit anytime?

    The Bank on request from the depositor, at its discretion may allow withdrawal of Term deposit before completion of the period of the Deposit agreed upon at the time of placing the deposit. The Bank shall declare their penal interest rates, policy for premature withdrawal of Term Deposit from time to time. Penalty will be deducted as per Bank’s extant guidelines.

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