Do you also have an account with the Bank of Baroda? And you are thinking of saving in a fixed deposit? If yes, you are in the right place. In this article, we have shared all the details of Bank of Baroda FD rates, so that you will understand the fixed deposit rates better.
Investing in FD is always a better option than RD. Fixed deposit offers a higher rate of interest compared to saving accounts and Recurring Deposits.
For State Bank of India – SBI fixed deposit interest rates Updated
Bank of Baroda FD rates For Domestic & NRO Term Deposits
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Bank of Baroda interest Rates for Domestic Term Deposits & NRO Deposits of Above Rs 10 Crores to up to Rs 50 Crores
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Baroda Tax Savings Term Deposit (w.e.f. 26.11.19)
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Note – In Bank of Baroda Tax saving term deposit the Pre-Mature withdrawal is not allowed before completion of 5 years except in case of death of a customer.
Bank of Baroda Advantage fixed Deposit Domestic Account (Non-Callable) Minimum 15 lakh – up to 2 Crore
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The Bank of Baroda FD rates is subject to change as per RBI Rules. The interest rates mentioned in the table are applicable form 26.11.19
Bank of Baroda Advantage Fixed Deposit for NRIs NRE / NRO (Non-Callable)
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Advantage of Fixed Deposit
1. Higher Interest rate
Compare to a saving account or Recurring Deposit, the rate of interest is higher in Fixed Deposit. Banks Provide up to 6.50% return on Fixed Deposit. Taking Example of BOB, The Bank of Baroda FD interest rates are 6.70% for FD of below 1 crore deposit.
2. Encourages Saving
Saving is really important to secure our future and FD helps us to develop a saving habit. The amount we deposit in FD are cannot be withdrawn before the maturity date.
3. Work As Emergency Fund
Banks offer Loans against the Fixed. If you need funds in an emergency situation, you can also take up to 90% of your funds. So FD can be very helpful in any emergency situation.
About the Bank of Baroda
Headquartered in Vadodara, Gujarat the Bank of Baroda is the third-largest public sector bank in India. The Banks offers various services like Saving account, current account, Fixed Deposit, Recurring deposit, Internet banking, Mobile Banking, and Many More. Do you know you can check your BOB account balance through your phone? Check out this article All bank balance inquiry & Missed Call Numbers List (toll-free)
I hope we have cleared all your doubts related to the bank of Baroda FD rates. If you have any kind of queries related to the bank of Baroda FD rates then feel free you ask us in the comments and we will try our best to solve your queries.