Bank of Baroda (BOB) stands as one of India’s leading public sector banks, offering competitive fixed deposit rates ranging from 4.25% to 7.80% per annum in 2025. Whether you’re a new student opening your first FD account or a financial professional seeking the best returns, understanding BOB FD interest rates 2025 is crucial for maximizing your investment potential.
The bank’s diverse portfolio includes regular fixed deposits, special schemes like the Bob Square Drive Deposit, and tax-saving options, making it an attractive choice for various investor profiles. With interest rates that have shown favorable trends compared to previous years, BOB continues to strengthen its position in the competitive fixed deposit market.
Current BOB FD Interest Rates 2025
Regular Fixed Deposit Rates
Bank of Baroda offers competitive interest rates across different tenures for domestic term deposits below ₹3 crore:
| Tenure | General Public | Senior Citizens | Super Senior Citizens |
|---|---|---|---|
| 7 days to 14 days | 4.25% | 4.75% | 4.75% |
| 15 days to 45 days | 4.50% | 5.00% | 5.00% |
| 46 days to 90 days | 5.50% | 6.00% | 6.00% |
| 91 days to 180 days | 5.60% | 6.10% | 6.10% |
| 181 days to 210 days | 5.75% | 6.25% | 6.25% |
| 211 days to 270 days | 6.25% | 6.75% | 6.75% |
| 271 days to less than 1 year | 6.50% | 7.00% | 7.00% |
| 1 year | 6.85% | 7.35% | 7.35% |
| Above 1 year to 400 days | 7.00% | 7.50% | 7.60% |
| Above 400 days to 2 years | 7.00% | 7.50% | 7.60% |
| Above 2 years to 3 years | 7.15% | 7.65% | 7.75% |
| Above 3 years to 5 years | 6.80% | 7.40% | 7.50% |
| Above 5 years to 10 years | 6.50% | 7.50% | 7.50% |
Bank of Baroda FD interest rates 2025 to the official rates page.
Special Fixed Deposit Schemes
Bob Square Drive Deposit Scheme (444 Days)
- General Public: 7.15% p.a.
- Senior Citizens: 7.65% p.a.
- Super Senior Citizens: 7.75% p.a.
This special scheme was launched in April 2025, replacing the earlier Utsav Deposit Scheme, and offers attractive returns for deposits below ₹3 crore.
Key Features of BOB Fixed Deposits
Investment Range
- Minimum Investment: ₹1,000
- Maximum Investment: No upper limit for most schemes
- Tenure Options: 7 days to 10 years
Interest Payment Options
BOB offers flexible interest payment modes to suit different investor needs:
- Cumulative FD: Interest compounded and paid at maturity
- Monthly Income Plan (MIP): Interest paid monthly
- Quarterly Income Plan (QIP): Interest paid quarterly
Senior Citizen Benefits
Senior citizens (60+ years) enjoy additional benefits:
- Extra 0.50% interest on most tenure options
- Super senior citizens (80+ years) get an additional 0.10% over senior citizen rates
- Preferential treatment in account opening and services
Tax-Saving Fixed Deposits
BOB’s tax-saving FD allows investors to claim deductions under Section 80C of the Income Tax Act:
Features
- Investment Limit: Maximum ₹1.5 lakh per financial year
- Minimum Investment: ₹100
- Lock-in Period: 5 years mandatory
- Tax Benefit: Deduction up to ₹1.5 lakh under Section 80C
Interest Rates for Tax-Saving FDs
- 5 years: 6.80% (General), 7.40% (Senior Citizens), 7.50% (Super Senior Citizens)
- Above 5 years to 10 years: 6.50% (General), 7.50% (Senior Citizens)
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How to Open a BOB Fixed Deposit Account
Eligibility Criteria
Anyone can open a BOB FD account, including:
- Individuals (single or joint account)
- Minors above 10 years (with guardian)
- Hindu Undivided Family (HUF)
- Partnership firms and companies
- Clubs and associations
Account Opening Process
Online Method
- Mobile App: Download the BOB World app and navigate to the deposit section
- Internet Banking: Log in to your net banking account and select ‘Fixed Deposit’
- Website: New customers can open FDs through Video KYC without a savings account
Offline Method
- Visit the nearest BOB branch
- Fill out the FD application form
- Submit required documents and initial deposit
- Receive FD receipt upon successful processing
Required Documents
- Identity Proof: Aadhaar card, PAN card, passport, driving license, or voter ID
- Address Proof: Utility bills, bank statements, or ration card
- Age Proof: Birth certificate for minors, any valid ID for senior citizens
Comparison with Other Banks
BOB’s FD rates remain competitive in the current market scenario:
| Bank | Highest Rate | 1-Year Rate | 3-Year Rate | Senior Citizen Benefit |
|---|---|---|---|---|
| Bank of Baroda | 7.15% | 6.85% | 7.15% | 0.50% |
| State Bank of India | 6.45% | 6.25% | 6.45% | 0.50% |
| HDFC Bank | 6.60% | 6.25% | 6.45% | 0.50% |
| Punjab National Bank | 6.70% | 6.40% | 6.40% | 0.50% |
| ICICI Bank | 6.60% | 6.25% | 6.60% | 0.50% |
Premature Withdrawal Rules
Penalty Structure
- Callable Deposits: 1% penalty on applicable interest rate
- Non-Callable Deposits: 2% penalty on applicable interest rate
- Penalty Waiver: No penalty for deposits under ₹5 lakh if withdrawn after 12 months
Tax-Saving FD Restrictions
- No premature withdrawal allowed for tax-saving FDs
- Exception: Allowed only in case of depositor’s death
Benefits of BOB Fixed Deposits
Financial Security
- DICGC Insurance: Deposits up to ₹5 lakh are insured
- Guaranteed Returns: Fixed interest rates protect against market volatility
- Flexible Tenure: Choose from 7 days to 10 years based on your needs
Additional Services
- Loan Against FD: Borrow up to 95% of FD value
- Nomination Facility: Secure your family’s financial future
- Auto-Renewal: Automatic renewal option available
FD Calculator and Planning
Using BOB’s FD calculator helps you plan your investments effectively. For example:
- Investment: ₹1 lakh for 2 years at 7.00% p.a.
- Maturity Amount: ₹1,14,490
- Interest Earned: ₹14,490
Recent Changes and Updates
2025 Scheme Updates
- Bob Square Drive Deposit Scheme launched in April 2025
- Utsav Deposit Scheme discontinued
- Interest rate revisions effective from various dates throughout 2025
Market Position
BOB’s FD rates have improved compared to 2023, with most tenures offering higher returns. The bank continues to innovate with new schemes while maintaining competitive rates in the market.
Frequently Asked Questions
What is the minimum amount required to open a BOB FD?
The minimum investment required is ₹1,000 for most FD schemes.
Can students open FD accounts with BOB?
Yes, students above 18 years can open FD accounts individually. Minors above 10 years can open with a guardian.
What are the highest FD rates offered by BOB in 2025?
The highest rate is 7.80% p.a. for super senior citizens in the Bob Square Drive Deposit Scheme.
Are BOB FD rates competitive with other banks?
Yes, BOB offers competitive rates, often higher than many other public sector banks.
Can I take a loan against my BOB FD?
Yes, you can borrow up to 95% of your FD value as a loan.
What happens if I withdraw my FD before maturity?
A penalty of 1% (callable) or 2% (non-callable) applies on premature withdrawal.
Conclusion
Bank of Baroda’s fixed deposit offerings in 2025 present attractive opportunities for both new students and experienced investors. With competitive bob fd interest rates 2025 ranging from 4.25% to 7.80%, diverse scheme options, and strong customer service, BOB continues to be a reliable choice for fixed deposit investments.
The bank’s recent introduction of the Bob Square Drive Deposit Scheme and consistent rate improvements demonstrate its commitment to providing value to customers. Whether you’re looking for short-term liquidity or long-term wealth creation, BOB’s FD portfolio offers solutions tailored to your financial goals.
Ready to start your investment journey? Visit your nearest Bank of Baroda branch or explore their digital platforms to open your fixed deposit account today and secure your financial future with guaranteed returns.
