Bank of Baroda Fixed Deposit (FD) Calculator is for calculating the maturity amount of Fixed Deposit invested in Bank of Baroda for a specified period.
(Calculate your Bank of Baroda Fixed Deposit (FD) maturity amount by using this Bank of Baroda Fixed Deposit Calculator)
This Fixed Deposit calculator requires some data like – Your Principal Deposit Amount, Rate of Interest, Period (in No. of Months), interest Compounding Frequency. After calculation, you will get the Maturity Amount after the maturity period and Effective yield in %.
Latest Bank of Baroda FD Interest Rates:
| Bank Name | Tenors | Rates For Public | Rates for Senior Citizens | As on Date |
|---|---|---|---|---|
| Bank of Baroda | 7 - 14 days | 4.25 | 4.75 | 2024-09-09 |
| Bank of Baroda | 15 - 45 days | 4.5 | 5 | 2024-09-09 |
| Bank of Baroda | 46 - 90 days | 5.5 | 6 | 2024-09-09 |
| Bank of Baroda | 91 - 180 days | 5.6 | 6.1 | 2024-09-09 |
| Bank of Baroda | 181 - 210 days | 5.75 | 6.25 | 2024-09-09 |
| Bank of Baroda | 211 - 270 days | 6.25 | 6.75 | 2024-09-09 |
| Bank of Baroda | 271 days - <1 year | 6.5 | 7 | 2024-09-09 |
| Bank of Baroda | 1 year | 6.85 | 7.35 | 2024-09-09 |
| Bank of Baroda | 1 year - <400 days | 7 | 7.5 | 2024-09-09 |
| Bank of Baroda | 400 days - <2 Years | 7 | 7.5 | 2024-09-09 |
| Bank of Baroda | 2 Years - <3 Years | 7.15 | 7.65 | 2024-09-09 |
| Bank of Baroda | 3 Years - <5 Years | 6.50 | 7.15 | 2024-09-09 |
| Bank of Baroda | 5 Years - <10 Years | 6.50 | 7.50 | 2024-09-09 |
| Bank of Baroda | > 10 years | 6.25 | 6.75 | 2024-09-09 |
Bank of Baroda FD Calculator Variables:
This fixed deposit calculator for Bank of Baroda FD uses five different investment variables that most of the calculator requires. These saving calculator variables are:
Principal Amount: This is a fixed amount that is invested in an FD scheme. This deposit amount varies from person to person and scheme to scheme.
Rate of Interest: The Rate of Interest is the variable of the FD calculator that appears as a percentage and is different for different types of FD options.
Period of Investment: The length of the investment or period for the investment in months is another factor that plays a major role in the saving calculator. The longer investment increases the compounding of the returns and hence greater rewards are generated.
Maturity Amount: The desired or required amount that an investor wants at the end of the investment life cycle is known as the final amount or maturity amount.
Effective yield: The effective yield is that variable of the FD calculator that appears as a percentage and is used to compare the effectiveness of different types of saving options. This saving variable matters the most to the investors.
How Bank of Baroda FD Calculator Works?
Anyone can calculate his saving returns from the Bank of Baroda account through an online FD calculator available on this page with high accuracy.
Following are the steps to calculate the FD returns through this calculator:
- Step 1: Enter the fixed principal amount that he wants to deposit.
- Step 2: After this, fill the rate of interest that he gets from his bank or financial institution for the specified period. Different banks or financial institutions offer different rates of interest-based on the amount of investment and period of investment.
- Step 3: The next step that one has to follow is to select the period for saving in months. It depends on saving option requirement for which he wants to stay invested.
- Step 4: Thereafter choose the frequency of compounding. The frequency of compounding may be monthly, quarterly, half-yearly, or yearly.
- Step 5: After submitting all variables required by an FD calculator, one will get the final maturity amount for investment query with effective yield.
Bank of Baroda Fixed Deposit (FD)
A Bank of Baroda fixed deposit (FD) is an account that allows you to deposit your money for a fixed period of time, earning your interest at a fixed rate. It gives you a higher rate of interest than a savings bank account.
Bank of Baroda offers several fixed deposit schemes to choose from, depending on your chosen preferred term period (short-term or long-term). This range of choices makes fixed deposits a convenient option for a range of investors, from salaried employees to self-employed professionals to senior citizens.
The most popular form of Term deposits are Fixed Deposits, while other forms of term Deposits are Recurring Deposit and Flexi Fixed Deposits (the latter is actually a combination of Demand deposit and Fixed deposit).
The longest permissible term offered by Bank of Baroda for FDs is 10 years. Generally, the longer the term of deposit, the higher is the rate of interest.
Click Here for Bank of Baroda Saving Account Calculator
Features of Bank of Baroda FD:
- A wide range of tenures, ranging from 7 days to 10 years, to suit your investment plan
- The minimum amount required to open an account Rs. 1,000/-.
- Safe custody of your fixed deposit receipts
- The facility of automatic renewal
- Loan/Overdraft facility up to 95% of the deposit amount added to the accrued interest thereon (nature of requirement will not be a factor for withdrawal).
- For such loans interest shall be charged 1.50% to 1.75% (Depending on the amount of loan) over the deposit rate with monthly rest in case of depositor -borrower and in case of others the rate of interest will be a little higher depending upon the loan amount. The interest rate on Loan against deposits of Senior Citizens shall be charged at 1.25% over the deposit rate.
- No processing fees will be charged for Loans and Advances against bank deposits.
- The Govt. of India accepts the money deposited in this plan as security.
- Deposits can be accepted as the margin money for non-fund based facilities.
- No penalty for premature payment will be levied in case of premature payment of deposits up to Rs. 5 Lakhs provided it remained with the Bank for a minimum period of 12 months.
- On pre-matured withdrawal of your deposits, interest will be calculated at 1% below the rate applicable for the period of deposits.
- Facility for auto-renewal of your deposit, in case such instructions haven’t been received for the same. This ensures that you don’t lose out on interest.
- Provision for nomination
Eligibility for Bank of Baroda Fixed Deposit (FD):
Below are the individuals and groups eligible for a Regular Fixed Deposit:
- Residents
- Hindu undivided families
- Sole proprietorship firms
- Partnership firms
- Limited companies
- Trust accounts
You are here to calculate the maturity value of your money in Bank of Baroda’s fixed deposit account. Calculate the maturity value with this online Bank of Baroda FD calculator.
