Enjoy the freedom to live fearlessly. Secure your tomorrow, today!

Opt for Recurring Deposit and get multiple benefits.

Baroda Recurring Deposit Scheme

Watch how your savings grow, just by investing a little each month in a recurring deposit account. Invest a little each month in a recurring deposit account, and watch your savings grow. How does it work? With a recurring deposit or RD account, you make monthly deposits for a fixed period of time and earn interest on your recurring deposit account balance. On maturity of your Recurring Deposit, you will receive your principal and interest.

Bank of Baroda offers attractive interest rates on recurring deposit schemes.


  • Benefits
  • Features
Product Nature A basic monthly saving plan, which helps customers to regulate their savings for higher returns with liquidity.
Key Benefits
  • Regularizes savings by encouraging a saving habit.
  • Loan/Overdraft facility up to 95% of the deposit amount.
  • Provision for nomination.
  • An individual in his own name.
  • More than one individual in joint name.
  • Minor of age 10 and above on terms laid down by the bank. Accounts can also be opened in the name of minor with their father/mother, as guardian.
  • Clubs, associations, Educational Institutions, Partnerships and joint stock companies, provided they are registered and bank is satisfied that the account is opened for genuine savings purpose
The product is not available for NRE deposits.
Target Group All Individuals including minors, farmers, salaried people, businessmen, self-employed, professionals, traders, housewives. Clubs, Associations, Educational Institutions, Societies, Partnerships and joint stock companies.
Instalment Frequency Monthly
Instalment Amount
  • Minimum amount required to open an account Rs 50and thereafter in multiple of Rs 50 (rural and semi-urban)
  • Minimum amount required to open an account Rs 100and thereafter in multiple of Rs 100 (Urban and Metro).
  • The instalment amount fixed by depositor at the time of opening of account shall be required to be deposited each month for the duration selected by him. 
  • Subsequent deposits in multiples of Rs 50 (rural and semi-urban) and Rs 100 (Urban and Metro).
Duration:  Minimum 6 Months and Maximum 120 Months, i.e. Term of RD can be for 6,9,12,15,18,21,24…………120 months
Maturity Of Deposit One month after payment of last instalment OR Due date, whichever is later.
Rate Of Interest
  • Interest will be compounded quarterly and paid on maturity.
  • Senior Citizen shall get benefit of additional interest as per guidelines effective from time to time (As applicable on Recurring Deposit account).
  • Staff members (including ex-staff) shall get benefit of additional interest as per guidelines effective from time to time (As applicable on Recurring Deposit account). Retired Staff Members who are Senior Citizen shall get both benefit of Staff rate as well as Senior Citizen interest rate benefit.
Nomination Facility Nomination facility will be available.
Tax Deduction At Source Interest payment is subject to Tax Deducted at source (TDS) as per prevailing Income Tax ACT.
Availability Of Loan/Overdraft Against Security Of Deposits Loan / overdraft facility is permitted up to 95% of outstanding balance at interest rate as per Bank’s guidelines issued from time to time by retail banking department. (No processing Charges levied on such loan / Overdraft facility).
Interest will be charged as per Bank’s extant guidelines from time to time by retail banking department.
Other Terms And Conditions  All other terms and conditions as applicable to Recurring Deposit shall be applicable under these products also.
In The Event Of Delayed Payment Of Instalment/S Penal Interest:  
  • The instalment for any calendar month must be paid on or before the last working day of that month.
  • In case of delay in payment of any instalment a penalty shall be charged, Rs 1.00 for every Rs 100 p.m. for any period of deposit.
  • Instalment paid during the course of calendar month, in which it is due, shall be deemed as payment made in time.
Premature Closure Interest should be paid after deducting penalty of 1% from such applicable rate or the contracted rate whichever is lower in the cases which are subject to charging penalty.

Request Callback

Please fill in these details, so we can call you back and assist you.

Select Deposits Type
  • Baroda Tax Savings Term Deposit Account
  • Baroda SUVIDHA Flexible Fixed Deposit Scheme
  • Capital Gain Account Scheme, 1988
  • Baroda Tax Savings Term Deposit Account
  • Flexible Recurring Deposit Scheme
  • Monthly Income Plan (MIP)
  • Motor Accident Claims Annuity Deposit (MACAD) TD178
  • Baroda Recurring Deposit Scheme
  • Baroda Regular Income cum Recurring Deposit (RIRD)
  • Quarterly Income Plan (QIP)
  • Baroda Short Term Deposits
  • Baroda Advantage Fixed Deposits (Non- Callable)
  • Others

Thank you ! We have successfully received your details. Our executive will contact you soon.

Related products

Banking Mantra

  • 03 Jul 2019
    Everything you need to know about recurring deposits!
  • 03 Jul 2019
    Recurring Deposit- Features & Benefits
  • 03 Jul 2019
    What is a Recurring Deposit Account & How to open this Account

Are you Bank of Baroda Customer?

This is to inform you that by clicking on continue, you will be leaving our website and entering the website/Microsite operated by Insurance tie up partner. This link is provided on our Bank’s website for customer convenience and Bank of Baroda does not own or control of this website, and is not responsible for its contents. The Website/Microsite is fully owned & Maintained by Insurance tie up partner.

The use of any of the Insurance’s tie up partners website is subject to the terms of use and other terms and guidelines, if any, contained within tie up partners website.

Proceed to the website

Thank you for visiting www.bankofbaroda.in

We use cookies (and similar tools) to enhance your experience on our website. To learn more on our cookie policy, please click here. By continuing to browse this website, you consent to our use of cookies.