Does baud rate for HC-05 Bluetooth module need to match the Serial Monitor?
No, they do not need to match.

You are talking about two separate serial port connections.

The baud rate between the HC-05 and the Arduino (BTserial) has to match.

The baud rate between the Arduino and your PC (Serial) has to match.

BTserial and Serial can use different baud rates.

An overflow problem can arise if a lot of data arrives from the HC-05 and there is not enough memory to store it until it can be forwarded to Serial.







simulate this circuit &ndash; Schematic created using CircuitLab