Low investment risks and high returns make FDs one of the safest investment options for individuals and businesses. Therefore, this guide will assist you in filling out your Bank of Baroda FD form, and opening/closing your fixed deposit account through online and offline processes.
What Is the Bank of Baroda FD Form?
You can avoid the market risks by investing your funds in one of the FD plans at BOB. These services offer flexible tenure ranges from 7 days to 10 years both for existing, as well as new customers. For this, you need to fill out the Bank of Baroda FD application form at your nearest Bank of Baroda branch or conveniently use BOB’s online banking platform to initiate the account opening process.
How to Download the Bank of Baroda FD Form?
You can download your Bank of Baroda fixed deposit form using the steps given below.
- Step 1: Visit the official website of the Bank of Baroda.
- Step 2: Click on the ‘Fixed Deposit’ tab under the ‘Products’ Section.
- Step 3: Click on the ‘View All’ option.
- Step 4: Choose your preferred deposit plan.
- You can decide on a fixed deposit plan based on your tenure and deposit amount.
- Step 5: Navigate to and click on ‘Downloads Forms’ by scrolling down.
- Step 6: Search for ‘fixed deposit’ in the search bar of the BOB download forms page.
- Step 7: Browse from a list of Axis Bank forms.
- Step 8: Download or print your Bank of Baroda FD form PDF.
Bank of Baroda FD Form for New Customers
In the FD Form of Bank of Baroda for new customers, the applicants are required to provide the following details. All you need to do is fill in the PART-I CIS using the details as guided below.
- Enter your basic details such as Name, Marital Status, Date of Birth, Gender, PAN/Form 60/61 details, Annual Income, Father’s name, Mother’s name, etc. in this section.
- Enter your contact details as your phone number and email ID are vital for communication with the bank.
- Your basic consumer information must be specified, which includes your address and identity proof.
- Fill out the ‘Self-Declaration’ section for the consent required for opening an FD account at BOB.
- The next section is for office use only. Hence, you do not need to enter anything in it.
- Choose the preferred type of fixed deposit account and the mode of operation.
- Choose the types of services you need from the bank.
- Enter your payment details for your Fixed Deposit Account. This includes your FD scheme, amount, tenure and other information as asked.
- Mention your nomination details in the next section.
- Sign the ‘Declaration Cum Undertaking Cum Self-Certification’.
- In the case of a minor account, there is an additional section for the details of the related person.
After filling in these details in your Bank of Baroda fixed deposit account opening form, your FD account will be created instantly.
Bank of Baroda FD Form for Existing Customers
You are required to provide the following details for your Bank of Baroda FD Form fill-up process.
- Enter your account details in the BOB term deposit form.
- Choose from the type of account you prefer among the ‘Callable’ and ‘Non-Callable’ options.
- Mention the type of fixed deposit account and fill in the following details:
- Deposit amount
- Period/tenure
- Interest payout: Cumulative/ Monthly/ Quarterly
- Rate of Interest
- Mention your credit source for your interest payments and maturity proceeds in your Bank of Baroda FD form.
- Mention your account number if you are using your Bank of Baroda Savings Account.
- Note that your term deposit shall be renewed automatically in case of the absence of maturity instruction.
- Enter the details of the guardians and sources of funds in the case of a minor.
- Choose your operating instructions from the given options.
- Agree to the terms and conditions by signing under ‘Declaration’.
- Mention your nomination details in the next section.
- Provide your signatures in all the required boxes.
- Sign a form of declaration for Form 60, in case you do not have a PAN.
After entering your details in your FD form Bank of Baroda, your FD account will be created instantly.
How to Fill out the Bank of Baroda FD Form?
You can open your FD account online, by mobile banking, or by visiting your nearest BOB branch. While filling out your Bank of Baroda FD form, you must enter the necessary details (your address, customer, and bank details). This bank will use the information provided in the form to create your account.
How to Book an FD with the Bank of Baroda FD Form?
Here is a step-by-step guide on how to book a Bank of Baroda FD account using the application form.
- Step 1: Visit your nearest BOB branch to open your fixed deposit account.
- Step 2: Enter the required details in your Bank of Baroda FD Application Form.
- Step 3: Provide your proof of identity and other important documents to open your fixed deposit account.
- Step 4: Complete the payment to open your FD account.
After completing this process, your FD account will be created by the Bank of Baroda.
Documents Required with the FD Form to Open an FD Account at the Bank of Baroda
You must provide the following documents to open your FD with BOB after filling in your Bank of Baroda FD form.
- Proof of identity (PAN card, Driving Licence, Voter ID card, other any other Government ID card)
- Proof of Address (Telephone bill, Electricity bill, Passport or Bank statement with a cheque)
Bank of Baroda FD Closure Form
You can receive your BOB FD closure form at your nearest branch, or by visiting the official website of the bank. To close your FD, all you need to do is provide your account details and your signature along with the required documents.
Final Word
You can create a range of fixed deposit accounts with the BOB Bank and even close or partially withdraw from your account. The bank’s official website has made it easier for individuals to access the Bank of Baroda FD form online. However, you can also visit your nearest BOB branch if you find any issues processing the booking online.
FAQs
Bank of Baroda FD tenure ranges from 7 days to 10 years, which you must declare in your Bank of Baroda FD Form during the time of account opening.
In case you lost your FD receipt of BOB, you must visit your branch of BOB and submit the necessary documents to obtain a duplicate FDR for your account.
Yes, you can open and manage joint FD accounts at the Bank of Baroda.
You need to invest a minimum of ₹10,000 to open a BOB FD account.
Yes, you can withdraw your funds from BOB FD before its maturity. However, you will incur a loss of 1% of the applicable rate of interest. There is no penalty for premature deposits of up to ₹5 lakhs in case you held this amount in your deposit for at least 12 months at BOB.
The current interest rate of the BOB fixed deposit ranges from 4.25% to 7.25%. Moreover, the senior citizens can avail an additional interest of 0.50% on their FDs.
Disclaimer
This article is solely for educational purposes. Stable Money doesn't take any responsibility for the information or claims made in the blog.
