Explore the latest Bank of Baroda Recurring Deposit interest rates for 2026, understand the types of RD accounts, and learn how to maximize your savings with this secure investment option.
Bank Of Baroda Recurring Deposit Scheme Highlights For 2026
Bank Of Baroda RD Interest Rate 2026
Types Of Bank Of Baroda RD Accounts
Features Of Bank Of Baroda RD Interest Rates
How To Calculate Bank Of Baroda RD Interest Rate?
Eligibility For Opening Bank Of Baroda RD Account
Documents Required For Opening Bank Of Baroda RD Account
How To Open Bank Of Baroda RD Account?
How To Close Bank Of Baroda RD Account?
Benefits Of Bank Of Baroda RD Account
Bank Of Baroda RD Premature Withdrawal Rules
FAQs on Bank Of Baroda RD Interest Rates 2026
Tenure Options
Bank of Baroda offers flexible tenure options for RD accounts.
Minimum tenure is 6 months.
Maximum tenure extends up to 10 years.
Customizable tenure options available.
Interest Rates for Senior Citizens
Senior citizens enjoy higher interest rates on RD accounts.
Rates range from 4.75% p.a. to 7.65% p.a.
Highest rate for senior citizens is 7.65% p.a.
Additional 0.5% interest over general rates.
Interest Rates for General Public
Competitive interest rates for the general public.
Rates range from 4.25% p.a. to 7.15% p.a.
Highest rate for general public is 7.15% p.a.
Interest compounded quarterly.
Minimum Deposit Amount
Affordable minimum deposit requirements for RD accounts.
₹100 for urban and metro areas.
₹50 for rural and semi-urban areas.
Flexible deposit increments.
Premature Withdrawal
Rules for premature withdrawal of RD accounts.
1% penalty on the applicable interest amount.
No penalty for senior citizens under certain conditions.
Partial withdrawals not allowed.
Short-term Deposits
Interest rates for deposits with shorter maturity periods.
7 to 14 days: 4.25% p.a. for general, 4.75% p.a. for seniors.
15 to 45 days: 4.50% p.a. for general, 5.00% p.a. for seniors.
46 to 90 days: 5.50% p.a. for general, 6.00% p.a. for seniors.
Medium-term Deposits
Interest rates for medium-term deposit tenures.
91 to 180 days: 5.60% p.a. for general, 6.10% p.a. for seniors.
181 to 210 days: 5.75% p.a. for general, 6.25% p.a. for seniors.
211 to 270 days: 6.25% p.a. for general, 6.75% p.a. for seniors.
Long-term Deposits
Interest rates for deposits with longer maturity periods.
1 year: 6.85% p.a. for general, 7.35% p.a. for seniors.
Above 1 year to 399 days: 7.00% p.a. for general, 7.50% p.a. for seniors.
Above 2 years to 3 years: 7.15% p.a. for general, 7.65% p.a. for seniors.
Extended Tenure Deposits
Interest rates for extended tenure deposits.
Above 3 years to 5 years: 6.80% p.a. for general, 7.40% p.a. for seniors.
Above 5 years to 10 years: 6.50% p.a. for general, 7.50% p.a. for seniors.
Above 10 years: 6.25% p.a. for general, 6.75% p.a. for seniors.
Bob SDP
Standard RD plan with flexible deposit options.
Minimum deposit: ₹50.
Tenure: 6 to 120 months.
Quarterly compounding of interest.
Flexible Recurring Deposit Scheme
Flexible deposit amounts with half-yearly interest payout.
Minimum deposit: ₹100, maximum: ₹10,000.
Tenure: 12 to 120 months.
Half-yearly interest credit.
Bob Lakhpati
Scheme aimed at achieving lakhpati status.
Minimum deposit: ₹1,000.
Tenure: 33 to 120 months.
Quarterly interest compounding.
Bob Millionaire
Scheme designed for higher savings goals.
Minimum deposit: ₹10,000.
Tenure: 36 to 120 months.
Interest paid on maturity.
Bob Crorepati
High-value RD scheme for significant savings.
Minimum deposit: ₹1 lakh.
Tenure: 60 to 120 months.
Interest compounded quarterly.
Competitive Rates
BOB offers competitive interest rates on RD accounts.
Rates vary based on tenure and customer type.
Senior citizens receive additional interest benefits.
Rates are subject to periodic revisions.
Interest Compounding
Interest on RD accounts is compounded to maximize returns.
Quarterly compounding for most schemes.
Half-yearly compounding for flexible scheme.
Interest credited to the account regularly.
Flexible Tenure
Choose from a range of tenure options to suit your needs.
Tenure options from 6 months to 10 years.
Customizable tenure for specific schemes.
Longer tenures offer higher interest rates.
Minimum Deposit Requirements
Low minimum deposit requirements make RD accessible.
₹50 minimum for rural areas.
₹100 minimum for urban areas.
Incremental deposits allowed.
Using the RD Formula
Calculate interest using the standard RD formula.
Formula: A = P(1 + r/n)^(nt)
P = Principal, r = rate, n = compounding frequency, t = time.
Example: For ₹1,000 at 7% p.a. for 1 year, A = ₹1,072.
Online RD Calculators
Use online calculators for quick interest calculations.
Input principal, rate, and tenure.
Instant calculation of maturity amount.
Available on bank and financial websites.
Bank Assistance
Seek assistance from bank officials for accurate calculations.
Visit the nearest branch for guidance.
Bank staff can provide detailed calculations.
Ensure you understand the compounding method.
Resident Individuals
Eligibility criteria for resident individuals.
Must be an Indian resident.
Minimum age requirement: 18 years.
Joint accounts allowed with another resident.
Minors
Eligibility criteria for minors.
Minors can open RD accounts with a guardian.
Guardian must be a parent or legal guardian.
Account operated by guardian until minor turns 18.
Non-Resident Indians (NRIs)
Eligibility criteria for NRIs.
NRIs can open RD accounts with specific conditions.
NRE/NRO account required for RD deposits.
Interest earned is subject to TDS as per tax laws.
Identity Proof
Documents required for identity verification.
Aadhaar Card or PAN Card.
Voter ID or Passport.
Driving License.
Address Proof
Documents required for address verification.
Utility bills (electricity, water, gas).
Bank statement with address.
Ration Card or Passport.
Photographs
Photographs required for account opening.
Recent passport-sized photographs.
Photographs of all account holders.
Ensure clarity and proper size.
Visit the Branch
Steps to open an RD account by visiting the branch.
Locate the nearest Bank of Baroda branch.
Carry required documents and photographs.
Fill out the RD account opening form.
Online Application
Steps to open an RD account online.
Visit the official Bank of Baroda website.
Navigate to the RD account section.
Fill out the online application form and submit.
Through Mobile App
Steps to open an RD account via mobile app.
Download the Bank of Baroda mobile app.
Login with your credentials.
Select 'Open RD Account' and follow instructions.
Premature Closure
Steps for premature closure of RD account.
Visit the branch with account details.
Fill out the RD closure form.
Penalty of 1% on applicable interest may apply.
Closure on Maturity
Steps for closure of RD account on maturity.
Ensure all dues are cleared.
Submit maturity documents at the branch.
Receive maturity amount in your linked account.
Online Closure
Steps for online closure of RD account.
Login to your online banking account.
Navigate to 'Close RD Account' option.
Follow the instructions to complete closure.
Safe Investment
RD accounts offer a safe investment avenue.
Backed by a government-owned bank.
Low risk compared to market-linked investments.
Assured returns on maturity.
Flexible Savings
Flexibility in saving and investment.
Choose deposit amount as per convenience.
Adjust tenure based on financial goals.
Option to increase deposit amount over time.
Tax Benefits
Tax benefits under specific conditions.
Interest income may be taxable.
TDS applicable if interest exceeds ₹40,000 for general and ₹50,000 for seniors.
Submit Form 15G/15H to avoid TDS if eligible.
Loan Facility
Loan facility against RD account.
Avail loan up to 90% of RD balance.
Interest rate on loan is nominal.
Quick processing and disbursement.
Penalty on Interest
Penalty applicable on premature withdrawal.
1% penalty on applicable interest.
Penalty waived for senior citizens in specific cases.
Interest recalculated at applicable rates.
No Partial Withdrawals
Rules regarding partial withdrawals.
Partial withdrawals not permitted.
Account must be closed for withdrawal.
Consider alternatives for liquidity needs.
Procedure for Withdrawal
Steps to follow for premature withdrawal.
Submit withdrawal request at branch.
Provide account details and ID proof.
Receive funds in linked account post-approval.
What is the minimum deposit amount for a Bank of Baroda RD account?
The minimum deposit amount for a Bank of Baroda RD account is ₹100 for individuals in urban and metro areas, and ₹50 for those in rural and semi-urban areas.
Can NRIs open a Bank of Baroda RD account?
Yes, NRIs can open a Bank of Baroda RD account, provided they have an NRE or NRO account. The interest earned is subject to TDS as per Indian tax laws.
How is interest on a Bank of Baroda RD account calculated?
Interest on a Bank of Baroda RD account is compounded quarterly. You can calculate it using the formula A = P(1 + r/n)^(nt), where P is the principal, r is the rate, n is the compounding frequency, and t is the time.
Are there any tax benefits on Bank of Baroda RD accounts?
Interest income from RD accounts is taxable. TDS is applicable if the interest exceeds ₹40,000 for general citizens and ₹50,000 for senior citizens. Submitting Form 15G/15H can help avoid TDS if eligible.
What happens in case of premature withdrawal of a Bank of Baroda RD account?
In case of premature withdrawal, a penalty of 1% is levied on the applicable interest. The interest is recalculated at the rate applicable for the period the deposit was held.
Can I take a loan against my Bank of Baroda RD account?
Yes, you can avail a loan up to 90% of the RD balance. The interest rate on the loan is nominal, and the processing is quick.
How can I open a Bank of Baroda RD account online?
To open an RD account online, visit the Bank of Baroda website, navigate to the RD account section, and fill out the online application form. You can also use the Bank of Baroda mobile app for this purpose.
What documents are required to open a Bank of Baroda RD account?
You need to provide identity proof (Aadhaar, PAN), address proof (utility bills, bank statement), and recent passport-sized photographs to open a Bank of Baroda RD account.
Is there a penalty for closing a Bank of Baroda RD account before maturity?
Yes, there is a penalty of 1% on the applicable interest for closing an RD account before maturity. However, senior citizens may have some penalty waivers under certain conditions.
What is the interest rate for senior citizens on a 3-year Bank of Baroda RD?
For a 3-year RD, senior citizens receive an interest rate of 7.65% p.a., which is 0.5% higher than the rate for the general public.