Public sector lender Bank of Baroda has revised fixed deposit (FD) interest rates for select tenors, effective October 14, 2024.
Bank of Baroda offers interest rates of 4.25% to 7.30% per annum to general customers on tenures ranging from 7 days to over 10 years. Senior citizens are offered 4.75%-7.80% per annum interest rates on fixed deposits, 0.50% more than the rates offered to general customers. The bank offers 0.10% extra to super senior citizens (aged above 80 years).
These revised rates are applicable to domestic/NRO deposits of less than Rs 3 crore with premature withdrawal facility.
Bank of Baroda Utsav FD rates on Domestic & NRO Deposits
Bank of Baroda’s highest slab FD plan, Bob Utsav Deposit Scheme, is of 400 days. The Utsav Scheme offers an interest rate of 7.30% to general customers, 7.8% to senior citizens and 7.9% to super senior citizens.
Also read: FD rates to start falling soon! Lock in these bank fixed deposits with up to 9.5% rates
Bank of Baroda Utsav Deposits Scheme
| Tenors | Residents / General Public / NRO ROI (%) | Resident Indian Senior Citizen ROI (%)* | Residents Super Senior Citizen ROI(%)* | ||
| Bob Utsav Deposit Scheme (400 Days) | 7.3 | 7.80 * | 7.90$ |
(* incl. additional ROI 0.50% for RTD upto 3 Years and additional ROI 0.50% for Above 10 Years, $ includes 0.10% for Senior Citizens for Deposits above 1 year and upto 5 years)
Bank of Baroda fixed deposits across tenors
| Tenors | Residents / General Public | Resident Indian Sr. Citizen | Resident Super Senior Citizen |
| 7 days to 14 days | 4.25 | 4.75* | 4.75* |
| 15 days to 45 days | 4.5 | 5.00* | 5.00* |
| 46 days to 90 days | 5.5 | 6.00* | 6.00* |
| 91 days to 180 days | 5.6 | 6.10* | 6.10* |
| 181 days to 210 days | 5.75 | 6.25* | 6.25* |
| 211 days to 270 days | 6.25 | 6.75* | 6.75* |
| 271 days & above and less than 1 year | 6.5 | 7.00* | 7.00* |
| 1 year | 6.85 | 7.35* | 7.35* |
| Above 1 year to 400 days (except 400 Days) | 7 | 7.50* | 7.60$ |
| Above 400 days and upto 2 Years | 7 | 7.50* | 7.60$ |
| Above 2 Years and upto 3 Years | 7.15 | 7.65* | 7.75$ |
| Above 3 Years and upto 5 Years | 6.8 | 7.40 # | 7.50$ |
| Above 5 Years and upto 10 Years | 6.5 | 7.50** | 7.50** |
| Above 10 years (MACT/MACAD Court Order schemes only) | 6.25 | 6.75* | 6.75* |
(* incl. additional ROI 0.50% for RTD upto 3 Years and additional ROI 0.50% for Above 10 Years, # incl. additional ROI of 0.50+0.10 (reduced from 0.15%) for RTD above 3 Years and upto 5 Years w.e.f 14.10.2024, **incl. additional ROI of 0.50%+0.50% for RTD above 5 Years and upto 10 Years to Resident Senior Citizens and $ includes 0.10% for Senior Citizens for Deposits above 1 year and upto 5 years)
Bank of Baroda also offers various FD plans for NRIs, such as NRO, NRE and FCNR fixed deposits. The bank accepts FCNR fixed deposits in USD, GBP, EUR, Australian Dollar (AUD) and Canadian Dollar (CAD).