Bank of Baroda Fixed Deposit Interest Rates 2025 - Latest BOB FD Rates

A fixed deposit is a term deposit where you lock your funds for a fixed period and earn a guaranteed return. But the Bank of Baroda deposit interest rates vary across slabs due to a few key drivers:

1. Tenure
   • Longer tenures often offer better rates than ultra-short tenures.
2. Customer category
   • Senior citizens (60+) get preferential rates. Some schemes may also have higher payouts for "super seniors."
3. Deposit size
   • Retail deposits (<₹3 crore) and bulk deposits (≥₹3 crore) follow different rate charts.
4. Special schemes
   • Limited period products (like the 444-day deposit) may offer higher rates.
5. Market conditions
   • RBI policy, liquidity, and demand for deposits influence revision cycles.

BOB FDs are popular because they balance safety, steady income, and flexibility:

• Guaranteed returns: Rate stays locked for the full tenure.
• Wide tenure range: From 7 days up to 10 years.
• Choice of payout: Cumulative for wealth growth; non-cumulative for regular income.
• Premature withdrawal: Allowed with a small penalty (scheme-specific).
• Loan against FD: Get liquidity without breaking your deposit.
• Nomination facility: Smooth transfer to nominee.
• Auto-renewal: Continue earning with minimal effort.

BOB offers multiple FD products depending on your goal:

1. Regular Fixed Deposit

   The standard FD with flexible tenure, available as:

   • Cumulative FD (interest reinvested)
   • Non-cumulative FD (interest payout)
2. BOB Square Drive Deposit Scheme (444 Days)

   A special-tenure offer that currently provides BOB's highest retail rates:

   • 6.60% general
   • 7.10% senior

   Great for a medium-term goal where you want a higher locked return without going long term.

3. Tax Saving Fixed Deposit (80C)

   If tax planning is your priority, BOB's tax saver FD helps you claim deduction under Section 80C of the Income Tax Act (up to ₹1.5 lakh per FY).

   • Lock-in: 5 years (no premature withdrawal)
   • Rates:
     • General: 6.40% p.a.
     • Senior citizens: 7.00% p.a.
4. Other Special Tenure FDs

   BOB periodically rolls out limited tenures (like 333, 444, 555-day buckets). Availability and pricing can change, so always check the active grid first.

5. NRE / NRO Fixed Deposits

   For NRIs, BOB offers NRE/NRO term deposits with attractive returns and tenure options similar to domestic FDs. NRE interest is generally tax-free in India (subject to rules).

Your interest payout style should match your cash-flow needs:

Cumulative FD (Best for Growth)

• Interest compounds (commonly quarterly)
• Maturity = principal + interest earned
• Ideal if you don’t need monthly income and want higher maturity value.

Non-Cumulative FD (Best for Regular Income)

• Interest paid out on a schedule:
• Monthly
• Quarterly
• Half-yearly
• Yearly
• Works well for retirees or anyone wanting a stable source of income, like a monthly income plan.

A BOB FD can be a fit if you want:

• Low-risk, guaranteed returns
• Predictable planning for goals (education, wedding, emergency corpus)
• A safe alternative to volatile products in uncertain markets
• Better bank interest rates than a savings account

It's also useful as a long term capital-preservation tool for conservative investors.

Opening a Bank of Baroda FD is straightforward. Usually required:

For resident Indians

• PAN card (mandatory for most deposits)
• Aadhaar / Passport / Voter ID / Driving License (KYC)
• Address proof (if not on Aadhaar)
• Recent photograph

For NRIs

• Passport + visa
• Overseas address proof
• NRE/NRO eligibility documents

FD interest is taxable as "Income from Other Sources." Your tax liability depends on your slab.

TDS thresholds (current standard rules)

• Regular citizens: TDS applies if interest exceeds ₹40,000 in a FY
• Senior citizens: threshold is ₹50,000

How to avoid TDS (if eligible)

• Submit Form 15G (regular)
• Submit Form 15H (senior citizens)

Even if TDS is deducted, you must declare total FD interest in your ITR; excess TDS can be claimed as refund.

Need liquidity but don't want to break your FD? BOB lets you borrow against it.

• Loan amount: up to ~90% of FD value (scheme-based)
• Interest: usually FD rate + a small spread
• Benefit: your FD keeps earning, while you meet urgent needs.

1. Online via NetBanking
   • Login → Deposits → Open Fixed Deposit → Choose tenure & amount → Confirm.
2. Via Mobile App
   • Open BOB app → Term Deposits / FD → Enter details → Submit.
3. At a BOB Branch
   • Fill FD form
   • Submit KYC
   • Deposit funds and collect receipts.

Before you invest, ask yourself:

• When do I need the money?
  Match tenure to goal timeline.
• Do I want income now or later?
  Non-cumulative for payouts; cumulative for growth.
• Am I a senior citizen?
  Prefer tenures where the senior uplift creates meaningful gain.
• Do I want tax benefits?
  Use a 5-year tax saver under 80C only if you can commit to lock-in.