Bank of Baroda (BoB), established in 1908, is a state-owned bank that has undergone a series of mergers and acquisitions in the past. Standing today, many people rely on their fixed deposits as they boast an impressive credit rating of AAA. In this guide, we have attempted to walk you through Bank of Baroda FD interest rates in 2023 and how they have changed up to the financial period 2024-25.
Updated Bank of Baroda FD Rates 2023 vs 2025
Below you can see a tabular representation showing the revised BoB FD interest rates for 2023 vs 2025:
| Tenures | BoB FD Interest Rates 2023 (For Regular Depositors) | BoB FD Interest Rates 2025 (For Regular Depositors) | BoB FD Interest Rates 2023 (For Senior Citizens) | BoB FD Interest Rates 2025 (For Senior Citizens) |
| 15 days – 45 days | 3.50% | 4.50% | 4.00% | 5.00% |
| 46 days – 90 days | 5.00% | 5.50% | 5.50% | 6.00% |
| 91 days – 180 days | 5.00% | 5.60% | 5.50% | 6.10% |
| 181 days – 210 days | 5.50% | 5.75% | 6.00% | 6.25% |
| 211 days – 270 days | 6.00% | 6.25% | 6.50% | 6.75% |
| 271 days to less than 1 year | 6.25% | 6.50% | 6.75% | 7.00% |
| More than 2 years – 3 years | 7.25% | 7.15% | 7.75% | 7.65% |
| Baroda Tiranga Plus – 399 days | 7.15% | 7.15% | 7.65% | 7.65% |
Note: The 2023 Bank of Baroda FD interest rates shown above, came into effect from 10th October 2023. Since then, resident senior citizen customers of Bank of Baroda could avail an extra ROI of 0.50+0.15 (65 basis points) on choosing FDs ranging from 3 years to less than 5 years. Also, above 5 years the bank allocates an additional 100% basis points or 1% for its senior citizen FD holders.
Should You Invest in a BoB Fixed Deposit Account?
You can depend on high-interest fixed deposit accounts to grow your money consistently. In this journey, you can trust Stable Money to ensure returns of up to 9.50% per annum.
Besides, if you are considering opening a fixed deposit with the Bank of Baroda, you can avail the following benefits:
- An FD can be opened with a minimum of ₹10,000.
- BoB provides overdraft facilities for up to 90% of the investment sum.
- Senior citizens can get 0.50% additional interest across tenures.
Final Word
Bank of Baroda FD interest rates in 2023 were lower for most tenures compared to what the bank offers today. Moving forward, you may consider investing in BoB FD to explore the potential of earning significant returns. However, before you start, we would advise you to reconcile the best fixed deposit options available in India right now via Stable Money.
Frequently Asked Questions
In Bank of Baroda, you can open a regular fixed deposit account for a tenure of more than 2 years and less than 3 years to get interest rates up to 7.15% per annum.
For a 3-year FD, regular customers can get 7.40% p.a. interest for deposits less than ₹2 lakh.
Bank of Baroda’s Utsav Scheme provides interest returns of 7.30% to regular FD holders, and 7.80% is given to senior citizens. Additionally, the bank has adjusted fixed deposit rates for specific terms, effective October 14, 2024.
