Welcome to the Baroda Central Co-Operative Bank Ltd.

What is Fixed Deposit ?

A fixed deposit is meant for those investors who want to deposit a lump sum of money for a fixed period; say for a minimum period of 15 days to ten years, thereby earning a higher rate of interest in return. Investor gets a lump sum (principal + interest) at the maturity of the deposit.

Banks fixed deposit scheme is one of the most common savings scheme for an average investor. Fixed deposit also gives a higher rate of interest than a savings bank account. Some of the facilities offered by bank on fixed deposit are overdraft (loan) facility on the amount deposited, premature withdrawal before maturity period (which involves a loss of interest) etc. Bank deposits are fairly safer because banks are subject to under control of the Reserve Bank of India.

Why Fixed Deposit with Us ?

Bank deposits are the safest investment after Post office savings because all bank deposits are insured under the Deposit Insurance & Credit Guarantee Scheme of India. It is possible to get a loan up to 85% of the deposit amount from banks against fixed deposit receipts. The interest charged will be 1.00% more than the rate of interest earned by the depositors. TDS is applicable on interest more then Rs.10000/- and above and for this purpose bank has policy to make nominal member so TDS is not applicable.

Our Bank offers you simple Fixed Deposits (at very competitive interest rate) .You can deposit money of more than Rs.5000/- for 365 days and above also. In Fixed Deposit, you can transfer your interest in your existing account (Savings) quarterly.


Savings Deposit Rate: 3.0%

recurring deposit rates applicable as per term deposit rates


For Individual/ Local Authority/
Co-operative Societies/ Trust
For Senior Citizen For Urban Bank
1 15 - 45 Days 3.00 3.00 3.00
2 46 - 90 Days 4.50 4.50 4.50
3 91 - 179 Days 4.60 4.60 4.60
4 180 - 364 Days 5.35 5.35 5.35
5 1 Yr (365 Days) 7.10 7.60 7.10
6 1 Yr < 2 Yr (365 - 729 Days) 7.10 7.60 7.10
7 2 Yr < 3 Yr (730 - 1094 Days) 7.20 7.70 7.20
8 3 Yr < 5 Yr (1095 - 1824 Days) 7.15 7.65 7.15
9 5 Yr - 10 Yr 6.50 7.00 6.50

Other matters as mentioned below are unchanged:

  • Senior citizen (i.e. having age of 60 Years or more) will continue to get benefit of 0.50% higher interest rate on Deposits.
  • Staff members will continue to get 1% additional interest on Fixed deposits.
  • Each depositor in a bank is insured upto a maximum of 5,00,000 (Rupees Five Lakh) for both principal and interest amount are insured under the Deposit Insurance & Credit Guarantee Scheme of India
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