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Bank of Baroda RD Interest Calculator

RD Calculator Bank of Baroda in India Jul 2021

Last Updated 16th Jul 2021

Tenure General Rates Senior Citizen Rates
180 days 3.70% 4.20%
181 days to 270 days 4.30% 4.80%
271 days to 364 days 4.40% 4.90%
1 year 4.90% 5.40%
1 year 1 day to 400 days 5.00% 5.50%
401 days to 2 years 5.00% 5.50%
3 years 1 day to 5 years 5.25% 5.75%
5 years 1 day to 10 years 5.25% 5.75%

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    Bank of Baroda RD Calculator
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    Bank/NBFCs Rate Tenure Action
    Bajaj Finance FD6.75%60 MonthsAPPLY
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    Bank of Baroda Recurring Deposit Calculator

    Bank of Baroda, a leading Public Sector Bank in India offers attractive interest rates upto 5.25% on its Recurring deposits.
    RD maturity amount that you will get depends upon

    • Deposit amount
    • Rate of interest
    • RD tenure
    • Compounding frequency
    • TDS applicability and TDS rate

    Bank of Baroda Recurring Deposit Interest Calculator

    • 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 same across the life of the deposit. On maturity of RD, 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 RD maturity amount using the RD calculator.

    Tax on Recurring Deposit Bank of Baroda

    • In case the interest earned by you across all your recurring deposits across all branches of Bank of Baroda in a year exceeds 10,000, the bank must deduct TDS at 10.3%. In case your IT PAN is not updated in the Bank of Baroda records, it must deduct twice the TDS at 20.6%. So, do remember to update your PAN on your RD.
    • We aren’t done yet. This was only the TDS. Now, you would need to add the interest income on all your Bank of Baroda RD’s and other RD’s to your taxable income for the year. Based upon your tax bracket, income tax is payable on this income. You must estimate the interest income and all your other incomes and, based on this, pay advance tax on advance tax payment dates (15th Sep, 15th Dec, 15th March and 31st March).
    • Bank of Baroda will also issue you a Form 16A giving details of tax deducted on RD interest and tax deposited by it with government treasury. The TDS amount deposited by the bank with Income Tax Department can be verified in your 26AS statement available online on IT department website or through your net banking account. You can claim credit for the TDS amount in your annual Income Tax Return.

    Bank of Baroda RD interest rate calculator – Check your city

    • Keep your KYC documents - PAN card, address proof and photo ready.
    • To know more or apply, contact any of the branches of Bank of Baroda in your city

    FAQs

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

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

    Are there any extra benefits for senior citizens on fixed deposit of Bank of Baroda?

    Yes, senior citizens get extra benefit of 0.5% interest rates on their RD in Bank of Baroda.


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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.
    • 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.
    • 2019-03-19 : Bank of Baroda offers holiday recurring deposit option in association with Thomas Cook
      Bank of Baroda (BoB) is offering a holiday recurring deposit option for their customers to make travel a hassle-free experience. To cater to the needs of travellers, the bank has joined hands with Thomas Cook through which you can save for your travel by opening a recurring deposit (RD) account with the partner banks.
    *Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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