Bank Of Baroda Term Deposit Rates


Bank of Baroda offers a range of term deposit (FD) schemes that allow you to earn competitive interest on your deposits.

This guide provides a comprehensive overview of BOB’s term deposit rates, highlighting the factors that influence them and the benefits of investing in BOB’s FD schemes.

What are Term Deposit Rates?

Term deposit rates are the interest rates offered by banks for deposits held for a fixed period. These rates are typically higher than savings account rates, as the funds are locked in for a specified duration.

What Factors Influence Bank of Baroda Term Deposit Rates?

Several factors influence BOB’s term deposit rates, including:

  • Inflation: Higher inflation rates generally lead to higher term deposit rates to compensate for the erosion of purchasing power.
  • Economic Conditions: Strong economic growth can lead to higher interest rates as banks compete for deposits.
  • Liquidity Requirements: Banks may adjust term deposit rates to manage their liquidity needs.
  • Bank’s Risk Profile: A bank’s overall risk profile can also influence its term deposit rates.

What are the Current Bank of Baroda Term Deposit Rates?

BOB offers a range of term deposit schemes with varying interest rates depending on the tenure. The current interest rates for general public deposits are as follows:

  • Tenure: 7 days to less than 1 year – 3.00% to 6.75%
  • Tenure: 1 year to less than 2 years – 6.75%
  • Tenure: 2 years to less than 3 years – 6.75% to 7.25%
  • Tenure: 3 years to less than 4 years – 6.50%
  • Tenure: 4 years to less than 5 years – 6.50%
  • Tenure: 5 years and above – 6.50%

How to Invest in Bank of Baroda Term Deposit Schemes?

Opening a term deposit account with BOB is a simple process. You can visit any BOB branch or apply online through the bank’s website.

The required documents include your KYC documents, such as PAN card and proof of address.

Bank of Baroda term deposit schemes offer a secure and rewarding way to grow your savings.

With competitive interest rates, guaranteed returns, and tax benefits, BOB’s FD schemes are an excellent choice for individuals seeking to make the most of their investments.


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