Kindly Note that the rate of interest as given below is not applicable for now. The customers are requested to refer the link given above or visit https://www.bankofbaroda.com/interest-rates-charges.htm for the rate of interest applicable on all types of Deposits offered by Bank of Baroda (the combined entity of Bank of Baroda, Vijaya Bank and Dena Bank).
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Rate of interest on Savings Bank w.e.f.01.04.2019
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Balance upto ` 50 Lakhs
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3.50% p.a.
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Balance above ` 50 Lakhs
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4.00% p.a.
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Method of Calculation of interest
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Calculation of interest will be done on daily product basis @3.50% p.a. for the day end balance upto ` 50 Lakhs and @ 4.00% p.a. for remaining balance above & above ` 50 Lakhs.
For example: “Account with balance of ` 60 lakhs, interest @ 3.50% p.a. will be paid on balance upto ` 50 lakhs and interest @ 4% p.a. will be paid on remaining balance of ` 10 lakhs.
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Savings Bank Interest Rate - (Effective from 07-October 2017)
Balance below Rs.50 Lakhs - 3.50%
Balance of Rs.50 Lakhs and above - 4.00%
Interest rates on Term Deposits - DOMESTIC /NRO/NRE have been revised with effect from 01st April 2019 as follows:
RETAIL TERM DEPOSIT (Below `2 Cr.)
1. For Domestic & NRO Term Deposits (Per Annum) (Fresh & Renewal) (Callable) (ROI in %) – Below ` 2 Crores :
|
SL No
|
Tenors
|
Rate of Interest
(p.a) Below `2 Cr.
|
|
1
|
7 days to 14 days
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4.50
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2
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15 days to 45 days
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4.75
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3
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46 days to 90 days
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5.00
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4
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91 days to 180 days
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5.75
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5
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181 days to 270 days
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6.50
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6
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271 days to less than 1 Year
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6.50
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7
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1Year
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6.70
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8
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Above 1Year to 400 days
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6.85
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9
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Above 400 days & upto 2 Years
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6.80
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10
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Above 2 Years & upto 3 Years
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6.70
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11
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Above 3 Years & upto 5 Years
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6.70
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12
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Above 5 Years & upto 10 Years
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6.70
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13
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444 days (Only for Baroda Samriddhi Deposit Scheme)
|
7.00
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2. NRE Term (Rupee) Deposits (Fresh & Renewal) (Callable) (ROI in %) – Below ` 2 Crores :
|
SL No
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Tenors
|
Rate of Interest (p.a)
Below ` 2 Cr.
|
|
1
|
1Year
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6.70
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2
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Above 1Year to 400 days
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6.85
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3
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Above 400 days & upto 2 Years
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6.80
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4
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Above 2 Years & upto 3 Years
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6.70
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5
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Above 3 Years & upto 5 Years
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6.70
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6
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Above 5 Years & upto 10 Years
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6.70
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7
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444 days (Only for Baroda Samriddhi Deposit Scheme)
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7.00
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3. Baroda Advantage Fixed Deposits (Domestic) Accounts (Non-Callable) (Fresh & Renewal) – Minimum ` 15.01 lakh to below ` 2 Crores :
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SL No
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Tenors
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Rate of Interest (p.a) Below ` 2 Cr.
|
|
1
|
1Year
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6.85
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2
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Above 1Year to 400 days
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7.00
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3
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Above 400 days & upto 2 Years
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6.95
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4
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Above 2 Years & upto 3 Years
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6.85
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5
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Above 3 Years & upto 5 Years
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6.85
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6
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Above 5 Years & upto 10 Years
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6.85
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7
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444 days
(Only for Baroda Samriddhi Deposit Scheme)
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7.15
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4. Baroda Tax Saving Deposits*:
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SL No
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Tenors
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Rate of Interest (p.a)
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1
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For 5 Years
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6.70
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2
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Above 5 Years & upto 10 Years
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6.70
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Notes
*Prmeature withdrawal is not allowed before completion of 5 years except in case of death of the customer.
*The Maximum amount of Deposit should not exceed ` 1.50 lakhs to avail Tax Benefit under Section 80 C
5. Capital Gain Accounts Scheme, 1988
For all Deposits under Capital Gain Accounts Scheme, 1988, interest rate will be applicable as per normal time & period. It will also not be in order to offer higher/differential rate of interest on deposits received under the Capital Gains Accounts Scheme, 1988.
6. Domestic Term Deposits for Senior Citizens
Branches may continue to pay an additional interest of 0.50% for Senior Citizens on domestic term deposits of less than ` 2.00 Crore for all tenors in terms of extant guidelines.
BULK TERM DEPOSIT (` 2 Cr. & Above)
1. For Domestic & NRO Term Deposits [Fresh & Renewal] [Callable] (ROI in %) ` 2 Crore & above :
|
SL No
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Tenors
|
Rate of Interest (p.a)
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` 2 Cr. to upto ` 10 Cr.
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Above `10 Cr. to upto ` 25 Cr.
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Above ` 25 cr. upto `50 cr.
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Above `50 Cr. to upto ` 100 Cr.
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Above ` 100 Cr.
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1
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7 days to 14 days
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4.50
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4.50
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4.50
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4.50
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4.50
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2
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15 days to 45 days
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4.75
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4.75
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4.75
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4.75
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4.75
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3
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46 days to 90 days
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5.25
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5.25
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5.25
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5.25
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5.25
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4
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91 days to 180 days
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5.75
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5.75
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5.75
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5.75
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5.85
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5
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181 days to 270 days
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6.50
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6.50
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6.50
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6.55
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6.55
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6
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271 days to less than 1 Year
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6.75
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7.00 |
7.00
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7.00
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7.00
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7
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1Year
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6.85
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7.30
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7.30
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7.30
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7.30
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8
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Above 1Year & upto 2 Years
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6.80
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7.05
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7.05
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7.05
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7.05
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9
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Above 2 Years & upto 3 Years
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6.70
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6.70
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6.70
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7.05
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7.05
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10
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Above 3 Years & upto 5 Years
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6.70
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6.70
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6.70
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7.05
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7.05
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11
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Above 5 Years & upto 10 Years
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6.70
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**
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**
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**
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**
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| |
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2. NRE Term (Rupee) Deposits (Fresh & Renewal) (Callable) (ROI in %) – ` 2 Crores & above:
|
SL
No
|
Tenors
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Rate of Interest (p.a)
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` 2 Cr. to up to ` 10 Cr.
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Above ` 10 Cr. to upto
` 25 Cr.
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Above ` 25 Cr. to upto
` 50 Cr.
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Above ` 50 Cr. to upto
` 100 Cr.
|
Above ` 100 Cr.
|
|
1
|
1Year
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6.85
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7.30
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7.30
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7.30
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7.30
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2
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Above 1 year & upto 2 years
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6.80
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7.05
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7.05
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**
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**
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3
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Above 2 years & up to 3 years
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6.70
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6.70
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6.70
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**
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**
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4
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Above 3 years & up to 5 years
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6.70
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**
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**
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**
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**
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5
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Above 5 years & up to 10 years
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6.70
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**
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**
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**
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**
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3. For Baroda Advantage Fixed Deposit (domestic) Accounts (Non-Callable) (Per Annum) (Fresh & Renewal) ` 2 Crores & above :
|
SL NO
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Tenors
|
Rate of Interest (p.a)
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` 2 Cr. to upto
` 10 Cr.
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Above `10 Cr. to upto
` 25 Cr.
|
Above `25 Cr. to upto
` 50 Cr.
|
Above ` 50 Cr. to upto
` 100 Cr.
|
Above ` 100 Cr.
|
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1
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1 year
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6.95
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7.40
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7.40
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7.40
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7.40
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2
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Above 1 Years & upto 2 Years
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6.90
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7.15
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7.15
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7.15
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7.15
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3
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Above 2 Years & upto 3 Years
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6.80
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6.75
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6.75
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7.10
|
7.10
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4
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Above 3 Years & upto 5 Years
|
6.80
|
6.75
|
6.75
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7.10
|
7.10
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5
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Above 5 Years & upto 10 Years
|
6.80
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**
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**
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**
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**
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FCNR (B) / RFC Deposits
Interest Rates offered for the period “Five Years Only”
Interest rates on RFC – SB deposits w.e.f 04.03.2019 :
| CURRENCY |
INTEREST RATE |
| GBP |
0.73 % |
| USD |
2.49 % |
| EUR |
0.00 % |
Interest Rates on RFC-Term deposits w.e.f 04.03.2019 are as under:
|
Period of RFC Deposit
|
RATE OF INTEREST %. p.a.
|
|
GBP
|
USD
|
EUR
|
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1 Month to less than 3 Months
|
0.73
|
2.49
|
0.00
|
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3 Months to less than 6 Months
|
0.85
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2.62
|
0.00
|
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6 Months to less than 1 Year
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0.99
|
2.69
|
0.00
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1 Year to less than 2 Years
|
0.95
|
2.64
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0.00
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2 Years to less than 3 Years
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1.12
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2.58
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0.00
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3 Years only
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1.20
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2.53
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0.00
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Interest Rates on FCNR (B) deposits w.e.f 04.03.2019 as as under:
Maturity Period
|
Currency - % p.a.
|
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GBP
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USD
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EUR
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AUD
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CAD
|
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One year to less than two years
|
1.45
|
3.39
|
0.32
|
2.33
|
2.89
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2 years to less than three years
|
1.62
|
3.33
|
0.36
|
2.28
|
2.66
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3 years to less than four years
|
1.70
|
3.28
|
0.45
|
2.28
|
2.67
|
|
4 years to less than five years
|
1.76
|
3.25
|
0.56
|
2.47
|
2.69
|
|
5 years only
|
1.81
|
3.27
|
0.66
|
2.54
|
2.71
|