Bank of Baroda FD Scheme is one of the most trusted fixed deposit options for investors seeking safety, stable returns, and flexibility. As of 2026, Bank of Baroda offers multiple fixed deposit plans with tenures ranging from a few days to 10 years and interest rates linked to prevailing market conditions. Deposits can be opened with a minimum amount starting from ₹1,000 through branch or digital banking channels.
Fixed Deposits at Bank of Baroda are suitable for salaried individuals, senior citizens, retirees, and conservative investors. The bank, being a major public sector institution, ensures high reliability, transparent policies, and timely interest payouts.
With competitive FD interest rates, a special Bank of Baroda FD scheme for senior citizens, and options such as cumulative and non-cumulative deposits, the Bank of Baroda FD scheme continues to be a preferred savings instrument in 2026.
Bank of Baroda FD Scheme 2026
The Bank of Baroda Fixed Deposit Scheme allows customers to invest a lump sum amount for a fixed tenure at a predetermined interest rate. The interest can be received monthly, quarterly, or at maturity depending on the chosen option.
These fixed deposits are designed to provide assured returns with minimal risk. Customers can choose from regular FDs, tax-saving FDs, and special tenure deposits based on financial goals.
Types of Fixed Deposits Offered by Bank of Baroda
Bank of Baroda offers a wide range of FD options catering to different investor needs. These include regular fixed deposits, short-term deposits, long-term deposits, and tax-saving fixed deposits with a lock-in period.
Bank of Baroda FD Scheme for Senior citizens are offered additional interest benefits over regular rates, making these schemes especially attractive for retirement planning.
Bank of Baroda FD Scheme Details
| Feature | Details |
|---|---|
| Bank Name | Bank of Baroda |
| Deposit Type | Fixed Deposit |
| Minimum Deposit | ₹1,000 |
| Tenure Range | 7 days to 10 years |
| Interest Payout | Monthly, Quarterly, or Maturity |
| Senior Citizen Benefit | Additional interest |
| Tax Saving Option | Available with lock-in |
| Loan Against FD | Permitted |
Bank of Baroda FD Scheme Eligibility Criteria
- Any resident Indian individual can open a Bank of Baroda FD.
- Joint accounts are also permitted.
- Minor accounts can be opened under the guardianship of a parent or legal guardian.
- Non-resident Indians are eligible under specific NRI FD categories, subject to prevailing banking rules.
Bank of Baroda FD Scheme Interest Rates 2026
Bank of Baroda FD scheme interest rates in 2026 vary based on tenure and deposit amount. Short-term deposits usually offer lower returns, while longer tenures provide comparatively higher interest rates.
Senior citizens receive an additional interest benefit over regular FD rates. Interest rates are subject to revision and are applicable as per the date of deposit booking.
- Longer tenure deposits generally provide better returns
- Senior citizens enjoy preferential interest rates
Taxation on Bank of Baroda FD Scheme
Interest earned on Bank of Baroda Fixed Deposits is taxable under the Income Tax Act. TDS is applicable if the interest income exceeds the prescribed annual limit.
Tax-saving FDs offer deductions under applicable sections but come with a fixed lock-in period. Investors should assess tax implications before choosing an FD plan.
Premature Withdrawal and Loan Facility
Bank of Baroda allows premature withdrawal of fixed deposits, subject to a nominal penalty on interest. This provides liquidity in case of emergencies.
Customers can also avail loans or overdraft facilities against their fixed deposits, usually up to a certain percentage of the deposit value, without breaking the FD.
Benefits of Choosing Bank of Baroda FD Scheme
- The Bank of Baroda FD Scheme offers capital protection, assured returns, and flexible tenure options.
- It is ideal for risk-averse investors looking for predictable income.
- With the backing of a reputed public sector bank, investors gain confidence, safety, and ease of access to funds when required.
FAQs – Bank of Baroda FD Scheme
Q1. What is the minimum amount required to open a Bank of Baroda FD?
The minimum deposit amount generally starts from ₹1,000.
Q2. Do senior citizens get extra interest on Bank of Baroda FD Scheme?
Yes, senior citizens are eligible for additional interest over regular FD rates.
Q3. Can I withdraw my FD before maturity?
Yes, premature withdrawal is allowed with applicable penalty on interest.
Q4. Which FD Scheme is best in Bank of Baroda?
The Bank of Baroda Special FD Scheme offers the best interest rates, especially for senior citizens.
Conclusion
Bank of Baroda FD Scheme 2026 remains a reliable and secure investment option for individuals seeking stable and guaranteed returns. With flexible tenures, competitive interest rates, senior citizen benefits, and loan facilities, it caters to diverse financial needs. For conservative investors prioritizing safety and steady income, Bank of Baroda FD Scheme continue to be a strong and dependable choice.
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