Bank of Baroda FD Scheme: Fixed Deposits (FDs) are one of the safest and most reliable investment options for individuals seeking stable returns with minimal risk. Bank of Baroda (BoB) has introduced a special 400-day Fixed Deposit scheme with highly competitive interest rates, making it an attractive option for both new and existing investors.
This article will provide a detailed guide on this high-return FD scheme, its benefits, interest rates, eligibility criteria, and the application process. Whether you’re a seasoned investor or someone new to fixed deposits, this guide will help you understand why BoB’s 400-day FD scheme is worth considering.
Bank of Baroda FD Scheme: New 400-Day Fixed Deposit with High Returns
| Feature | Details |
|---|---|
| Scheme Name | bob Utsav Deposit Scheme |
| Bank | Bank of Baroda |
| Tenure | 400 Days |
| Interest Rates (General Public) | 7.30% p.a. |
| Interest Rates (Senior Citizens) | 7.80% p.a. |
| Interest Rates (Super Senior Citizens – 80+ years) | 7.90% p.a. |
| Non-Callable Deposit Rate | Up to 7.95% p.a. |
| Minimum Deposit Amount | ₹10,000 |
| Maximum Deposit Amount | ₹3 Crore (for regular investors) |
| Eligibility | Indian citizens, NRIs, Minors (with guardian) |
| Application Process | Online via Net Banking, Mobile App, or Bank Branch |
| Auto-Renewal Facility | Available |
| Premature Withdrawal | Allowed with penalty (except for Non-Callable deposits) |
| Loan Facility Against FD | Available |
| Tax Benefits | Available under Section 80C for Tax-Saving FDs |
| Official Website | Bank of Baroda |
Bank of Baroda’s 400-day Fixed Deposit scheme is an excellent investment option for individuals seeking high returns with low risk. With attractive interest rates of up to 7.95% per annum, flexible investment amounts, loan facilities, and easy online/offline application methods, this scheme is ideal for investors of all ages.
Whether you are a senior citizen looking for stable income, a young professional planning for future savings, or a risk-averse investor, this bob Utsav Deposit Scheme is a secure, profitable, and convenient way to grow your wealth.
Why Choose the Bank of Baroda 400-Day FD Scheme?
- Higher Interest Rates – Offers better returns compared to regular FDs.
- Low-Risk Investment – Assured returns with government-backed security.
- Flexible Investment Options – Suitable for both short-term and long-term financial goals.
- Easy Application Process – Apply online via Net Banking or Mobile Banking without visiting a branch.
- Tax Benefits – Eligible under Section 80C for tax-saving FDs.
- Loan Facility Against FD – Investors can avail of a loan up to 90% of the deposit amount.
- Auto-Renewal Option – Hassle-free reinvestment after maturity.
Detailed Interest Rates
Bank of Baroda’s bob Utsav Deposit Scheme offers attractive interest rates, ensuring competitive returns:
1. General Public
- Interest Rate: 7.30% per annum
- Minimum Investment: ₹10,000
2. Senior Citizens (60 years and above)
- Interest Rate: 7.80% per annum
- Additional Benefits: Higher returns for retirees
3. Super Senior Citizens (80 years and above)
- Interest Rate: 7.90% per annum
- Best suited for: Pensioners looking for stable income
4. Non-Callable Deposits (Special Scheme)
- Interest Rate: Up to 7.95% per annum
- Condition: Cannot be withdrawn before maturity
How to Apply for Bank of Baroda 400-Day FD Scheme?
You can open this special fixed deposit account via three simple methods:
1. Online via Net Banking
- Step 1: Log in to Bank of Baroda NetBanking
- Step 2: Navigate to the “Fixed Deposit” section
- Step 3: Select “bob Utsav Deposit Scheme”
- Step 4: Enter deposit amount, tenure (400 days), and nominee details
- Step 5: Confirm and submit the application
2. Using the Bank of Baroda Mobile App
- Step 1: Download & Log in to BoB Mobile App
- Step 2: Navigate to “Save” and choose “Deposit”
- Step 3: Click “Open Fixed Deposit”
- Step 4: Select “bob Utsav Deposit Scheme” and proceed with payment
3. Offline via Bank Branch
- Step 1: Visit the nearest Bank of Baroda branch
- Step 2: Request and fill the FD application form
- Step 3: Submit required documents (PAN, Aadhaar, etc.)
- Step 4: Deposit the amount and collect your FD receipt
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FAQs about Bank of Baroda FD Scheme: New 400-Day Fixed Deposit with High Returns?
1. What is the minimum deposit amount for this FD scheme?
The minimum investment required is ₹10,000.
2. Can NRIs invest in this scheme?
Yes, NRIs (Non-Resident Indians) are eligible for this deposit scheme.
3. Is premature withdrawal allowed?
Yes, but penalty charges apply. For Non-Callable Deposits, premature withdrawal is not allowed.
4. Can I renew my FD after 400 days?
Yes, renewal options are available. The bank will offer the prevailing rates at the time of renewal.
5. Is there any tax benefit?
Yes, tax-saving FDs under Section 80C are available. However, TDS (Tax Deducted at Source) applies on interest earned beyond ₹40,000 (₹50,000 for seniors).
6. Can I take a loan against this FD?
Yes, Bank of Baroda allows you to avail a loan of up to 90% of the deposit amount.
