Bank announces Financial Results for quarter/year ended, 31st March 2023.
As per revised RBI directives all our Locker-holders are requested to visit Bank of Baroda, Base Branch.
With Bank Of Baroda personal loan, you get lowest interest rates, instant approval with minimal documentation. Checkout Bank of Baroda personal loan interest rates & eligibility. Apply now!
Apply for Bank of Baroda Home Loan online at the lowest interest rates. Checkout our home loan eligibility, interest rates, documentation. Get instant home loan approval. Apply now!
Car Loan: Apply for auto loan online by Bank of Baroda at an attractive interest rates & easy EMI option. Upto 90% financing on on-road price. Buy your dream car today!
Why should finance come in the way of future? Getting an education loan is an easy way to finance your dreams. A student loan can help you get into the university of your choice. Bank of Baroda is here to finance your dreams, education & career goals.
The easiest way to save for you, for your loved ones, and for your future. A savings account gives you the liberty to choose according to your needs and additionally give you benefits for all your transactions. With a gamut of savings account features on the table, Bank of Baroda is here to make your banking simple and easy!
Open Current Account online at Bank of Baroda to meet all your banking needs. Go to our website to learn more about the different types of current accounts we offer and apply now!
Bank of Baroda deposit plans offer convenient solutions to both working individuals as well as senior citizens. These deposits are categorised into deposits with a term period of less than 12 months, more than 12 months and recurring deposits.
An account for all. B3 Silver Account comes with maximum savings and zero Quarterly Average Balance (QAB). Also, make the most of coins and annual offers from Loyalty Rewardz to fulfill yearlong subscriptions and shopping.
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Bank of Baroda focuses on its employees, offering a career rather than just a job. Various initiatives are in place to groom employees throughout their life cycle. A comprehensive talent management system to groom future leaders of the bank.
Bank of Baroda offers various types of personal banking cards such as Credit, Debit, Prepaid, Business & Travel Cards. Choose the one best suited card for your needs.
Opt for convenient & flexible, Bank of Baroda Deposits.
An amount deposited at regular intervals for years with a goal to earn high-interest rates is known as a Recurring Deposit Account. This account inculcates a habit of saving a certain amount, regularly. It has flexible options for tenure, which later reflects as a substantial amount at the time of maturity.
Open Recurring Deposit Account online to start small today!
Open a recurring deposit account with Bank of Baroda and create a habit of saving regularly. The monthly instalments on RD accounts especially, encourage new investors to set aside money throughout the year.
A product that is basically a Flexible Recurring Deposit a/c with feature of Flexible Monthly Instalment mode. Attractive rates of interest are on the way!
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Frequently Asked Questions (FAQs)
A recurring deposit is a basic monthly saving plan, which helps customers to regulate their savings for higher returns with liquidity.
The key benefits are –
Minimum amount required to open an account Rs 50/-and thereafter in multiple of Rs 50/- (rural and semi-urban).
Minimum amount required to open an account Rs 100/-and thereafter in multiple of Rs 100/- (Urban and Metro).
These accounts can be funded through Standing Instructions by the customer to the bank where they have a Saving Account or Current Account. The amount is credited to the RD account automatically online or by depositing manually by customer on due date.
Any person can open an RD if their savings or current account is KYC compliant.
This account can be opened online or in person.
The RD account can be of a single holder or a joint account.
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.
In a regular RD, you cannot deposit different amounts every month. The amount that you have chosen at the beginning will continue to apply until the term end.
However, there is another product Flexi Recurring deposit where monthly instalment can increase up to 3 times of the core instalments subject to maximum Rs 10,000 /- per month.
Please refer our Bank’s website for latest interest rates at
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.
INSTALLMENT FREQUENCY –
Yes, a recurring deposit can be opened by more than one individual in joint names.
It is not mandatory to have savings account with the bank to open a Recurring Deposit, however it is beneficial to the customer for transferring the monthly instalments of RD through savings account automatically by giving standing instructions.
It is a monthly saving plan so advance instalment is not allowed.
If RD will be closed before maturity, 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.
If the RD is opened manually at the Bank, then submit a written request to the Bank along with the passbook if any.
If the RD is opened online, then it can be closed online.
There is no provision for extension of RD.
RD is not eligible for 80 C.
No RD cannot be extended after 10 years. Its maximum period is 10 years only.
The interest income is taxable at the time of maturity. Banks deduct TDS tax deducted at source on the interest earned on RD investments as per prevailing Income Tax ACT.
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