• Rate of Interest mentioned on the advice is in percentage per annum (% p.a.). Please check the latest Rate of Interest of Term Deposits at Deposit Rates & Service Charges | Bank of Baroda.
  • Rate of Interest on Monthly Interest deposits is paid at discounted rates. For detailed methodology of calculation of payment of Interest on Term Deposits, please visit Interest payment tab at URL Deposit Rates & Service Charges | Bank of Baroda.
  • Please inform us of any change in your Resident / Non-Resident status as and when such changes take place. The status declaration on the Account opening form shall remain in force until such time as a change is advised to us.
  • Additional rate for Senior Citizen (60 Years & Above) & Super Senior Citizen (80 years & Above) (as decided by the Bank from time to time) is applicable based on the 1st named Account holder only and applicable for KYC Compliant Resident Customers only and on the basis of Date of Birth available in Bank's CBS system.
  • TDS is applicable on the Term Deposits as per Income Tax guidelines. For exemption from TDS, a fresh 15G / 15H (Resident Senior Citizens only) / 15AA (if applicable) has to be submitted by Resident individuals for each Financial Year, prior to crossing the threshold limit, failing which TDS will be deducted.
  • The maturity date is recorded on the certificate to enable the depositors to receive the maturity on the due date. The Bank is not bound to give further intimation of the due date.
  • Term Deposit will be disposed of according to the maturity instructions given at the time of opening of the deposit. These instructions will continue to be executed till termination by the deposit account holder(s).

  • Renewal of Term Deposit (Callable) upon Maturity:
    The Bank is having following guidelines for Automatic Renewal of Term Deposit except in case of Encumbered Deposits, Capital Gain Deposits, Tax Saving Deposits, Discontinued TD products and in case of term deposits where alternate instructions are available:

    1. If Deposit is placed for more than one year it will be automatically renewed for one year at the prevailing rate on due date.
    2. If Deposit is placed for less than one year it will be automatically renewed for same period at the prevailing rate on due date.

    Such automatic renewal would continue, unless the Bank receives a demand for payment or instructions contrary from the customer on or before the maturity of original deposits or automatically renewed deposits. The amount so renewed will be the net of TDS amount as applicable, on case-to-case basis.

  • Auto Renewal of Non-Callable Deposits:
    The Non-Callable Term Deposit account holders at the time of placing their deposits can give instructions with regard to closure of Deposit account or renewal of deposit for further period on the date of maturity. In absence of such mandate, the Bank will automatically renew the deposit as under.

    1. Auto renewal of Non-Callable deposits as Callable deposits in same Interest Payout option.
    2. Auto closure on Maturity.
  • No Loans / Advances are allowed against the security of Non-Callable Term Deposits.

  • Premature Withdrawal Clause for (Callable Deposits)

    1. Deposit less than Rs. 1.00 Crore will attract 1% penalty from card rate as on the date of deposit, for the period for which deposit has remained with Bank or the contracted rate whichever is lower.
    2. Rs. 1.00 Crore and above is allowed only with 31 days prior notice, and Penalty @1.5% on applicable rate of interest for the period for which the deposit has remained with the bank or the contracted rate whichever is lower.
    3. No Interest is payable for NRE Term Deposits and FCNR (B) Term Deposits closed before completion of minimum term of -1- Year as per RBI Guidelines.
    4. For more details of the same, please check our detailed Deposits Policy guidelines available at Policy Documents - Your Guide to Customer-Centric Banking | Bank of Baroda.
    5. For verifying the Reserve Bank of India (Commercial Banks – Interest Rate on Deposits) Directions, 2025, please visit Master Directions - Reserve Bank of India.
  • Please note that above Terms & Conditions are subject to change from time to time. For latest Terms & Conditions of Term Deposits, please contact your Branch or call Toll Free Number 1800 5700.

Add this website to home screen

Are you Bank of Baroda Customer?

Yes No

Request Call Back

PM-Surya Ghar Yojana -Standalone

Apply Now Express interest

Apply Now Express interest
X
We use cookies (and similar tools) to enhance your experience on our website. To learn more on our cookie policy, Privacy Policy and Terms & Conditions please click here. By continuing to browse this website, you consent to our use of cookies and agree to the Privacy Policy and Terms & Conditions.