Secure your money and watch it grow too!
Convenient and flexible term deposits from BoB .
Fixed Deposit
Grow your savings securely with Bank of Baroda’s Fixed Deposit plan. Our Fixed Deposit option offers you high returns over fixed terms, flexible interest payouts, and peace of mind. Whether you’re saving for the short term or a longer commitment, choose the Fixed Deposit that works best for you.
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Benefits
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Features
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Rates & Interest Payments
- Easy to operate
- Provides liquidity to meet with all types of payment obligations and gateway for other banking services
- Overdraft facility may be sanctioned against bank’s laid down norms
- Free issuance of monthly statements
- Overdraft against deposit provided on demand up to 90% of deposit amount without any guarantor
- Loan against deposit provided on demand up to 95% of deposit amount without any guarantor
- In case of premature payment, the deposit has to run for a minimum period of three months to earn interest
- In case it has run for more than three months, interest @ 1% below the rate applicable for the period deposit has run with the banks will be paid
- Accepted as margin for non-fund based facility
- Accepted as collateral for overdrafts and loans
Interest payment on deposit up to Rs. 5mn W.E.F 24.02.2025
- Rate of interest depends on maturity period and is linked to Savings Bank Rate
- Interest is payable monthly/quarterly/annually as per your convenience
- Interest may be credited to your SB account
- Present rates of Fixed Deposits are:
| Period of Deposit | Interest rate W.E F 24.02.2025 |
| 3 months and above but less than 6 months | 3.30% i.e.0.20% above savings bank rate |
| 6 months and above but less than 12 months | 3.35% i.e.0.25% above savings bank rate |
| 12 months and above but less than 24 months | 3.40% i.e.0.30% above savings bank rate |
| 24 months and above but less than 36 months | 3.55% i.e. 0.45% above savings bank rate |
| 36 months to 60 months | 3.75% i.e. 0.65% above savings bank rate |
| Interest payment on deposit Rs. 5mn & above | |
| Rate of Interest will be fixed on request from 1.00% to 2.50% | |
Interest payment on deposit Rs. 5mn & above
For further details, kindly check fees and charges on the home page.
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What is a Fixed Deposit?A time deposit held for a fixed term with a higher interest rate than savings deposit.
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Who can open an FD?Individuals, proprietors, partnerships, companies, trusts, etc.
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What is the deposit range?Minimum MUR 10,000; Maximum MUR 5 million.
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What is the tenure?Between 3 months to 60 months.
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What are the interest rates?Interest will be paid as per prevailing guideline. (ROI and service charges are subject to change as decided by the Bank’s
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How is interest paid?Quarterly or on maturity.
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Is premature withdrawal allowed?Yes, with a 1% penalty on the prevailing applicable rate.
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Can I get a loan against FD?Yes, up to 95% of FD amount, with 3% above FD rate.
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What are the benefits?Attractive rates, flexible tenure, loan facility, auto-renewal not exceeding 7 years from initial maturity date.
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How to apply?Use Account Opening Form and paying-in slip. A savings/current account is recommended.
