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Bank of Baroda FD Calculator

Bank of Baroda Fixed Deposit Interest Calculator

Last Updated 16th Jul 2021

Bank of Baroda FDs have tenures ranging from 3 years 1 day to 10 years with maximum rate of interest of 5.25%. Interest rates for senior citizens are higher than the normal rates and ranges upto 5.75%.

Tenure Rates Maturity Amount for ₹ 1 Lakh
7 days to 14 days 2.80% to 3.30% ₹ 1,00,054 - ₹ 1,00,127
46 days to 90 days 3.70% to 4.20% ₹ 1,00,466 - ₹ 1,01,036
91 days to 180 days 3.70% to 4.20% ₹ 1,00,922 - ₹ 1,02,082
181 days to 270 days 4.30% to 4.80% ₹ 1,02,144 - ₹ 1,03,593
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Bank of Baroda Fixed Deposit Calculator

Bank of Baroda fixed deposit calculator helps you to calculate maturity value of your deposited amount at the interest rate offered compounded at quarterly. The amount of fixed deposits, interest rates on FD, deposit tenure and compounding frequency of interest together determine the maturity amount of the FD at the end of the tenure.

  • Deposit amount – This is the initial amount deposited by a customer in Bank of Baroda. Bank may allow higher interest rate on larger deposits. Bank of Baroda offers deposit amount in the range of 1,000 to No Limit.
  • Rate of Interest - Interest rate is the rate charged by the bank on your fixed deposit. Bank of Baroda offers a higher rate of interest on fixed deposits of longer tenure and lower interest rate on deposits of less than a year. Highest interest rate offered by Bank of Baroda is 5.25% for deposit amount below Rs. 1 crore corresponding to a deposit tenure of 3 years 1 day to 10 years.
  • Period of deposit - Bank offers low interest rate for short tenure FDs and higher interest rate for long tenure FDs. Bank offers a rate of 2.80% for a 3 years 1 day FD and a rate of 5.25% for a 10 years FD.
  • Interest Compounding Frequency - This determines the frequency at which interest is compounded. Compounding frequency can be monthly, quarterly, half yearly or annual frequency.
  • TDS applicability and TDS rate
    • Illustration: Mr. A opens a FD account of ₹ 1,00,000 with a tenure of 7 days at an interest rate of 2.80%. In this case, the maturity amount at the end of 7 days will be ₹ 1,00,671 which includes the principal of ₹ 1,00,000 and interest of ₹ 671 is earned on the principal amount during the period. Similarly, you can calculate the interest and maturity amount for higher tenures by using FD calculators.

      Bank of Baroda calculates quarterly interest on its fixed deposits. You can also opt for tax saving scheme to save tax on fixed deposit.

Bank of Baroda Fixed Deposit Interest Calculator – Interest Payment Options

  • In a periodic interest payout option, Bank of Baroda would transfer the interest earned at each interval (say, quarterly) to your bank account. The interest would remain the same across the life of the deposit. On maturity, unless the deposit is renewed, would transfer the principal amount to your bank account.
  • In case you opt for a Bank of Baroda cumulative deposit, on maturity you would get a credit for the principal and interest earned net of TDS.
  • Calculate the FD maturity amount using the FD calculator.

FD Maturity Calculator

The interest earned on a fixed deposit in Bank of Baroda depends on the deposit amount, interest applicable, deposit tenure and the type of interest calculation frequency. Interest on Bank of Baroda FD can be calculated monthly, quarterly, half-yearly and annually. The interest rates for senior citizens are higher than normal rates of Bank of Baroda FD.

Suppose if you make an investment of ₹ 1,00,000 in Bank of Baroda FD for a 5-year tenure at an interest rate of 5.25% for depositors below 60 years and 5.75% for senior citizens. The maturity amount for this deposit amount is ₹ 1,29,796 and the total interest earned is ₹ 29,796 for below 60 years age citizens. However, the interest earned for senior citizens is ₹ 33,036 which is higher. The maturity schedule of Bank of Baroda FD for 5 years is explained below in the table –

Maturity Schedule for ₹ 1,00,000 FD at 5.25% for Citizens below 60 years and at 5.75% for Senior Citizens for 5 years

Year Citizens below 60 Years of Age Senior Citizens above 60 Years
Interest Earned Closing Balance Interest Earned Closing Balance
2021 ₹ 2,642 ₹ 1,02,642 ₹ 2,896 ₹ 1,02,896
2022 ₹ 5,496 ₹ 1,08,138 ₹ 6,045 ₹ 1,08,941
2023 ₹ 5,790 ₹ 1,13,928 ₹ 6,400 ₹ 1,15,341
2024 ₹ 6,100 ₹ 1,20,028 ₹ 6,776 ₹ 1,22,117
2025 ₹ 6,427 ₹ 1,26,455 ₹ 7,175 ₹ 1,29,292
2026 ₹ 3,341 ₹ 1,29,796 ₹ 3,744 ₹ 1,33,036

Bank of Baroda FD Calculator Formula

Along with online FD Calculator, you can use the formula to do the mathematical calculation of the maturity amount and interest earned on Bank of Baroda FD.

A = P (1 + r/n) ^ n*t
In the above formula –

  • A - Amount received on maturity
  • P – Deposit amount
  • r - Annual interest rate
  • n - Number of times the interest is compounded
  • t is Investment tenure

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What is the highest interest earned on Bank of Baroda fixed deposit?

You can earn a maximum interest of 5.25% on Bank of Baroda fixed deposit.

How is Bank of Baroda FD interest calculated?

The formula to calculate interest on Bank of Baroda FD is
A = P(1+r/n)^nt
Here: A = Maturity amount
P = Invested amount
r = Interest rate as decimal
n = number of times interest is compunded
t = tenure of deposit
However, you can use online FD calculator to estimate the value of interest earned on the deposited amount.

How many years FD will double in Bank of Baroda?

The growth of Bank of Baroda FD depends on the rate of interest and tenure. There is a method called Rule 72, which computes the number of years it will take to double one’s amount invested in Bank of Baroda FD. Now to apply the rule, one needs the rate of interest we get on FD. Let’s say the interest offered on FD is 6.95%. Now applying the rule, just divide the number 72 by the rate of interest. So 72/6.95 = 10.36. So it will take a little more than 14 years for one’s investment to get doubled in Bank of Baroda.

What are the minimum and maximum amounts that I can invest in an Bank of Baroda FD?

The minimum investment limit in Bank of Baroda Fixed deposit account is ₹ 1,000 and there is no maximum investment limit on FD.

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Bank of Baroda News - Jul 2021
  • 2021-07-16 : Amalgamation of Bank of Baroda, erstwhile Vijaya Bank and erstwhile Dena Bank
    Bank of Baroda, on its website, stated that the IFSC codes of the erstwhile Vijaya Bank and Dena Bank were discontinued on March 1, 2021. Customers have been asked to apply for cheque books with the new MICR code at the earliest.
  • 2021-06-30 : Bank of Baroda has extended senior citizens special FD scheme till September 2021
    Amid the Covid pandemic last year, SBI, HDFC, ICICI and Bank of Baroda had introduced special FD schemes for senior citizens for the tenure of 5 years and more. These special fixed deposit (FD) schemes for senior citizens have been extended till 30 September 2021.
  • 2020-10-30 : Bank of Baroda Q2 profit surges 128%
    Bank of Baroda reported a net profit of ₹1,679 crores for the quarter ending 30 September. Net interest income during the quarter grew by 6.8% to ₹7,508 crores. The consolidated net profit stood at ₹1,771 crores in the September quarter. Further, the advances backed by retail loans like home, personal, car, two-wheeler and gold loans along with business and mudra loans increased by 5.3%. CASA ratio increased to 39.78%, up by 190 bps year-on-year.
  • 2020-10-07 : Bank of Baroda changed its FD rates
    With effect from 3 October 2020, Bank of Baroda has revised its interest rates. As per the revised rates, the rate of interest for a tenure of 7 days to 45 days, the rate is 2.90%; the rate for 46 days to 180 days stands at 3.90% and for 181 days to less than a year, the revised rate is 4.40%. The revised rates for a longer tenure, above 1 year one day to 3 years is 5.10%, and for above 5 years to 10 years, the rate of interest is 5.30%.
  • 2020-03-18 : New FD rate for Bank of Baroda
    Bank of Baroda revised its FD rates. The FD rate for 7 to 14 days is 4.25%, it is 4.50% for 15 to 45 days and it stands at 5% for 46 to 180 days. The Fixed deposit rate for 181 to less than one year is 5.50%, it is 5.90% for one year and for above one year to 400 days it is 6%. Further, for the above two years to three years is 5.90%, for above three years to 5 years is 6.15% and above five years to 10 years it is 5.90%. The revised rates have been in effect from 17 March 2020.
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