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Bank of Baroda FD Interest Calculator

About Bank of Baroda

The Bank of Baroda is best categorized as an Indian nationalized company that provides banking and financial services. The bank is currently under the ownership of the Ministry of Finance, Government of India.

According to official reports, the Bank of Baroda is the fourth largest nationalized bank in India. The bank can easily boast of serving 132 million customers, having a total business of US $218 billion, and having a global presence with over 100 overseas offices. The bank also has a very accurate Bank of Baroda FD interest calculator.

Features of Bank of Baroda FD Interest Calculator

The Bank of Baroda FD interest calculator is an amazing tool that is used by thousands of customers every single day. Customers use this calculator before investing in a Bank of Baroda FD scheme as it comes with a number of amazing features, including:

  • The tenure of FD schemes range from 7 days to 10 years
  • The interest rates are very competitive
  • A nomination facility is available for all customers
  • Safe deposit lockers are also provided
  • Loans can be availed against the available balance in the account
  • The withdrawal options are very convenient
  • Outstation cheque collection facility is also available

 

Bank of Baroda FD Interest Calculator Rates

The interest rates that have been calculated by the Bank of Baroda interest calculator are mentioned in the table below. These interest rates are for BOB domestic and NRO term deposits of less than INR 2 crore.

Tenure Interest Rate
7 days to 14 days 4.50%
15 days to 45 days 4.75%
46 days to 90 days 5.00%
91 days to 180 days 5.75%
181 days to 270 days 6.50%
271 days and above to less than 1 year 6.50%
1 year 6.70%
Above 1 year to 400 days 6.85%
Above 400 days and up to 2 years 6.80%
Above 2 years and up to 3 years 6.70%
Above 3 years and up to 5 years 6.70%
Above 5 years and up to 10 years 6.70%
444 days (Only for Baroda Samriddhi Deposit Scheme) 7.00%

The interest rates for BOB fixed deposits between INR 2 crore and INR 10 crore are mentioned below.

Tenure Interest Rate
7 days to 14 days 4.50%
15 days to 45 days 4.75%
46 days to 90 days 5.25%
91 days to 180 days 5.75%
181 days to 270 days 6.50%
271 days and above to less than a year 6.75%
1 year 6.85%
Above 1 year to 400 days 6.80%
Above 2 years and up to 3 years 6.70%
Above 3 years and up to 5 years 6.70%
Above 5 years and up to 10 years 6.70%

The interest rates for foreign currency non-resident deposits are given in the table below.

Maturity Period USD GBP EUR YEN CAD AUD
1 year to less than 2 years 3.39% 1.35% 0.02% 0.21% 2.89% 2.33%
2 years to less than 3 years 3.33% 1.62% 0.06% 0.19% 2.66% 2.28%
3 years to less than 4 years 3.53% 1.70% 0.15% 0.18% 2.67% 2.28%
4 years to less than 5 years 3.50% 1.76% 0.26% 0.18% 2.69% 2.47%
5 years 3.52% 1.81% 0.36% 0.20% 2.71% 2.54%

Benefits of Bank of Baroda FD Interest Calculator

Bank of Baroda offers excellent benefits to its customers when they invest in an FD scheme. Some of these benefits are:

  • The amazing return of investment because of competitive interest rates
  • Nomination facility for extra financial security
  • Safe deposit lockers
  • Easy withdrawal options
  • Outstation cheque collections
  • Quick and efficient loan facility for the balance that is available in the account
  • Flexible tenure options

 

Types of Bank of Baroda FD

There are three main types of fixed deposit schemes offered by the Bank of Baroda. These schemes are:

  • Short term deposits
  • Long term deposits
  • Capital Gain Account Scheme, 1988

 

Eligibility of Bank of Baroda FD Interest Calculator

The entities and individuals mentioned below are eligible for opening an FD account with the Bank of Baroda.

  • Limited companies
  • Societies
  • Clubs
  • Associations
  • Trusts
  • Hindu Undivided Families (HUFs)
  • Religious institutions
  • Educational institutions
  • Charitable institutions
  • Sole proprietorships
  • Resident citizens
  • Non-Resident Individuals (NRIs)
  • Minors
  • Partnership firms

 

How to Calculate Using Bank of Baroda FD Interest Calculator

We know that calculating the Bank of Baroda interest rate can be a complicated and even boring task. However, this doesn’t have to be the case with you if you use the Bank of Baroda FD interest calculator.

The Bank of Baroda FD interest calculator ensures that customers can calculate the correct interest amount easily and efficiently. It will only take a couple of seconds for you to calculate the accurate FD interest amount with an interest calculator.

The Bank of Baroda FD interest calculator comes in handy for calculating both simple and compound interest. It allows you to make the best and most advantageous decision in regard to your FD investment.

Factors Affecting Bank of Baroda FD Interest Calculator

If you have been planning to invest in a Bank of Baroda FD, then you must have observed that the FD interest rate often fluctuates. Have you ever wondered why that happens? If you have, then you must already know that there are several factors that affect the FD interest rates calculated by the FD interest calculator.

Do you know what these factors are? If you don’t, then that’s okay as we are here to help out with that today.

  • Rate of Inflation and Deposit Rates: Banks provide positive returns to depositors in case of a low rate of inflation. This is because the rate of inflation has a direct effect on the lending rates.
  • Supply and Demand in India: If there is less demand for credit, then banks will decrease the fixed deposit interest rates. On the other hand, if the demand for credit is high, then there will be an increase in the fixed deposit interest rates.

Other factors like a lending rate cut, falling call rates, fund cost plummet, and net interest margin also have an effect on the FD interest rates.

FAQs:

Is it possible to open a Bank of Baroda FD account online?

Yes, customers can open a Bank of Baroda FD account online. The steps to do the same are mentioned on the official website.

Does Bank of Baroda provide customers with a premature withdrawal facility on its FD accounts?

Yes, Bank of Baroda provides a premature withdrawal facility on its FD accounts to all customers. However, it should be noted that a penalty can be levied in case of premature withdrawal.

Can I avail of a loan against my Bank of Baroda FD?

Yes, FD account holders can avail of a loan against the balance that is available in their FD accounts.

What is the highest interest rate that is being offered by the Bank of Baroda on its fixed deposit accounts?

The highest interest that is currently being offered by the Bank of Baroda on its fixed deposit accounts is 7.00%. It should be noted that the bank can change these interest rates without any prior notice.

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