How to Open Bank of Baroda Fixed Deposit Account

Fixed Deposits are time-tested investment avenues that ensure that your money is safe and you earn attractive returns. With a hassle-free setup, attractive interest rates, and a range of tenure options, fixed deposits are designed to empower investors with an easy approach to growing their funds while minimising market-related stress.

Bank of Baroda provides various attractive schemes where investors can invest according to their suitability. Let’s learn step-by-step how to open an FD account with BOB.

You can open a Fixed deposit account in both online and offline modes-

Through Mobile App

Step 1- Download the Bank of Baroda mobile application from the app store or play store and log in.
Step 2- Select the menu option under the ‘Save’ tab, and select the ‘Deposit’ option to proceed.
Step 3- Select the ‘Open Fixed Deposit’ option.
Step 4- Enter all the personal details and also enter the nominee details.
Step 5- Verify all the details and Click confirm to book a new deposit.

Offline way

Step 1- Visit the bank branch.
Step 2- Take the FD application form. 
Step 3- Fill in the required details and submit the necessary documents. 
Step 4- Submit the form to the branch. 
Step 5- Bank will provide an FD receipt on successfully processing the application.

Through Internet Banking

Step 1- Login to the Bank’s NetBanking account.
Step 2- In the main menu, select the ‘Fixed Deposit’ option and choose the type of deposit.
Step 3- Fill in all the relevant details along with nominee details.  
Step 4- Verify all the details and click ‘Submit’ to book a new fixed deposit.

Following is the list of who can open an FD account with the Bank of Baroda:

• Any person in his individual capacity  
• More than one person in their joint names, 
• Any minor jointly with a major 
• Sole Proprietary concern
• Members of charitable trusts
• Educational institutions
• HUF (Hindu Undivided Family)
• Clubs
• Private Traders 
• Merchants
• Agents
• Professionals 
• Partnership Firms
• Societies & Corporates

Banks require the below-listed documents for completing the Mandatory Know Your Customer (KYC) procedure before opening an account for its customer

For Identification Proof

1. PAN Card
2. Driving License
3. Passport
4. Voter’s ID
5. Aadhar Card
6. Govt./Defense ID card or ID Card issued by a Reputed employer.

For Address proof

1. Aadhar Card
2. Electricity Bill
3. Telephone Bill
4. Ration Card
5. Bank account statement
6. Letter from a reputed employer, Letter from any recognised public authority /local body, Income tax/wealth tax Assessment order

For Date of Birth proof

• Applicable for Senior Citizens & Minor only.

1. For Senior Citizens ( any one of the following) : 
2. Passport
3. Voter ID Card
4. Driving License
5. PAN Card
6. Service Discharge Certificate
7. PPO in the case of Pensioner

• For Minors: Birth Certificate issued by Gram Panchayat / NAC (Notified Area Committee) / Municipal corporation.
   
• Two recent passport-size photographs of account holders.
   

Note- The above requirements are waived if the customer is already an account holder of the Bank.