Bank announces Financial Results for quarter ended, 31st December 2023.
Bank of Baroda (UK) Ltd announces its intention to wind down and close its UK retail banking activities Visit our website https://www.bankofbarodauk.com/ for any further information.
As per revised RBI directives all our Locker-holders are requested to visit Bank of Baroda, Base Branch.
With Bank Of Baroda personal loan, you get lowest interest rates, instant approval with minimal documentation. Checkout Bank of Baroda personal loan interest rates & eligibility. Apply now!
Apply for Bank of Baroda Home Loan online at the lowest interest rates. Checkout our home loan eligibility, interest rates, documentation. Get instant home loan approval. Apply now!
Car Loan: Apply for auto loan online by Bank of Baroda at an attractive interest rates & easy EMI option. Upto 90% financing on on-road price. Buy your dream car today!
Why should finance come in the way of future? Getting an education loan is an easy way to finance your dreams. A student loan can help you get into the university of your choice. Bank of Baroda is here to finance your dreams, education & career goals.
The easiest way to save for you, for your loved ones, and for your future. A savings account gives you the liberty to choose according to your needs and additionally give you benefits for all your transactions. With a gamut of savings account features on the table, Bank of Baroda is here to make your banking simple and easy!
Open Current Account online at Bank of Baroda to meet all your banking needs. Go to our website to learn more about the different types of current accounts we offer and apply now!
Bank of Baroda deposit plans offer convenient solutions to both working individuals as well as senior citizens. These deposits are categorised into deposits with a term period of less than 12 months, more than 12 months and recurring deposits.
An account for all. B3 Silver Account comes with maximum savings and zero Quarterly Average Balance (QAB). Also, make the most of coins and annual offers from Loyalty Rewardz to fulfill yearlong subscriptions and shopping.
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Bank of Baroda focuses on its employees, offering a career rather than just a job. Various initiatives are in place to groom employees throughout their life cycle. A comprehensive talent management system to groom future leaders of the bank.
Bank of Baroda offers various types of personal banking cards such as Credit, Debit, Prepaid, Business & Travel Cards. Choose the one best suited card for your needs.
Estimate your maturity value earned on Recurring Deposit schemes and evaluate the interest earned if you invested.
Type of Customer:
Prompt for Slider or enter in numbers
Regular Monthly Deposit:
Savings Term
Year:
Tenure (months):
Maturity Value
Frequently Asked Questions (FAQs)
Similar to a fixed deposit, a recurring deposit (RD) is a type of savings instrument. An RD, on the other hand, requires monthly deposits, whereas a fixed deposit only requires a single investment. Like a fixed deposit, you can earn regular returns with a recurring deposit. Manual RD return calculation is possible, but it can be challenging. This is when an RD calculator can be of immense help.
For instance, when you use the Bank of Baroda Recurring Deposit Calculator, you must enter your monthly deposit amount and tenure (in years and months). Once you do so, the calculator will show you your total savings and interest earned within seconds. You will also get a graphical representation of your recurring deposit for better understanding.
If you want to calculate the maturity amount you receive via a Recurring Deposit, you can apply the following formula:
A = P*(1+R/N) ^(Nt), wherein,
You can fill in the variables in this formula to calculate the RD maturity amount.
It is a compound formula that calculates the interest on RD. The formula goes like this:
M =R [(1+i) n – 1]/1-(1+i) (-1/3) Where:
Yes, fixed deposit accounts do earn interest every month. You can select how you would like to receive payouts in addition to the Fixed Deposit's terms, such as the tenure and investment amount. You can typically choose between receiving payouts annually, semi-annually, quarterly, or monthly with FDs. To receive interest each month, choose the option for a monthly payout.
Yes, there is a penalty if you don't pay the required monthly deposit on time for your RD. Your bank's policies will determine the fine assessed and the related guidelines. Thus, it is better to check your bank’s terms and conditions for the same.
For instance, Bank of Baroda charges Rs 1.00 for every Rs 100 pm for any period of deposit if you miss the deadline for your RD deposit. Note: If the instalment payment is made in the following month, there shouldn't be any penalties.
Interest earned via RDs is taxable according to the tax slab that you fall in.
The rate of TDS is as mentioned below:
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The use of any of the Insurance’s tie up partners website is subject to the terms of use and other terms and guidelines, if any, contained within tie up partners website.
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