Savings
Bank of Baroda fixed deposit interest rates: which tenures actually pay
Bank of Baroda’s best FD rate sits on a 555-day special tenor, not a round one. What the flat one-to-ten-year ladder costs, and what breaking early really pays.
Bank of Baroda’s highest retail deposit rate is 6.75% for the general public and 7.25% for resident senior citizens — 7.35% for super seniors — and it sits on exactly one tenure: the 555-day bob Golden Goal deposit, on the callable schedule effective 12 June 2026. Every ordinary bucket from one year to three years pays 6.25%. The headline is therefore a special-tenor rate, and it is not interchangeable with a one-year or a three-year deposit.
What the schedule pays, and on which exact days
These are the rates Bank of Baroda publishes for resident callable term deposits below ₹3 crore, effective 12 June 2026 and read on 3 September 2026.
| Tenor | General public | Senior citizen | Super senior |
|---|---|---|---|
| 7–14 days | 3.50% | 4.00% | 4.00% |
| 15–45 days | 3.50% | 4.00% | 4.00% |
| 46–90 days | 5.00% | 5.50% | 5.50% |
| 91–180 days | 5.00% | 5.50% | 5.50% |
| 181–210 days | 5.50% | 6.00% | 6.00% |
| 211–270 days | 5.75% | 6.25% | 6.25% |
| 271 days to under 1 year | 6.00% | 6.50% | 6.50% |
| 1 year | 6.25% | 6.75% | 6.75% |
| Above 1 year to 400 days | 6.25% | 6.75% | 6.85% |
| Above 400 days to 2 years, except 444 and 555 | 6.25% | 6.75% | 6.85% |
| Above 2 to 3 years | 6.25% | 6.75% | 6.85% |
| Above 3 to 5 years | 6.30% | 6.90% | 7.00% |
| Above 5 to 10 years | 6.00% | 7.00% | 7.00% |
| Above 10 years (motor accident claims annuity deposits only) | 5.50% | 6.00% | 6.00% |
| bob Square Drive · 444 days | 6.45% | 6.95% | 7.05% |
| bob Golden Goal · 555 days | 6.75% | 7.25% | 7.35% |
The effective date is what controls the rate; the date we read it tells you only how fresh this page is. Some banks restrict their 444-day and 555-day rows to a single deposit above a threshold, and Baroda’s schedule prints no such condition on either special — but an unprinted condition is not the same as no condition, so read the rate and the minimum on the booking screen before you fund anything.
The 555-day rate is not a one-year rate
This is the mistake the headline invites. A 555-day deposit runs about eighteen and a quarter months. Comparing its 6.75% against another bank’s one-year rate, or against Baroda’s own three-year bucket, compares two different lengths of time and two different reinvestment dates. The comparison only becomes honest when you fix the horizon and ask what happens to the money when the special matures.
Take the general-public numbers over three years. One path is a single deposit in the above-two-to-three-year bucket at 6.25% for all 1,095 days. The other is 555 days at 6.75%, then 540 days at whatever Bank of Baroda is paying in early 2028. Ignoring compounding, which flatters both paths by a similar amount, the two are level when that rollover rate is about 5.75%. Running the same sum on the senior-citizen rates — 7.25% against 6.75% — gives a break-even of about 6.25%.
Both break-evens sit roughly half a percentage point below what Baroda pays today for a deposit of that length. That is the whole of the special’s advantage: the 555-day rate wins unless medium-tenor rates fall by more than about 50 basis points over the next eighteen months, and you carry that risk yourself.
One practical consequence follows. If the money is needed on a fixed date, book to that date rather than to the special, because a 555-day maturity that lands two months after the school fee is due is worth less than a lower rate that lands before it.
Where the ordinary ladder goes flat
The reason the special matters so much at this bank is that Baroda’s ordinary medium-term ladder barely moves. One year, above one year to 400 days, above 400 days to two years and above two to three years all pay 6.25% for the general public. Stretching a deposit from twelve months to thirty-six buys nothing. Above three to five years adds five basis points, to 6.30%. Above five to ten years actually falls, to 6.00%.
So for a general-public depositor the 555-day row is 45 to 75 basis points clear of every ordinary row between one year and ten years, while maturing sooner than almost all of them. The 444-day bob Square Drive at 6.45% is the sensible fallback if the money is genuinely needed around fourteen and a half months out. Beyond that, at this bank today, there is no rate-based reason for a general-public depositor to lock money for three, five or ten years.
The bank’s green deposit does not rescue the long end. bob earth Green Term Deposits sit on their own schedule, effective 16 May 2026, at 12 months, 1.5 years, 777, 1111, 1717 and 2201 days — and every one of those rows pays exactly five basis points less than the ordinary bucket it falls inside, 6.20% against 6.25% at twelve months and 5.95% against 6.00% at 2,201 days. Neither special appears on it. Two more public sector schedules read the same way are in our page on UCO Bank and Central Bank of India FD rates.
Non-callable pays five basis points, and you almost certainly cannot buy it
Bank of Baroda publishes a separate non-callable schedule — the Baroda Advantage deposit, where, in the bank’s own words, premature withdrawal is not permitted. The received wisdom is that surrendering liquidity buys a materially higher rate. Here it buys exactly five basis points, and only if you have more than ₹1 crore to commit.
The Baroda Advantage table applies to a single deposit above ₹1 crore and below ₹3 crore; the bank’s product page for the NRO version of the same deposit spells that minimum out as ₹1.0001 crore, in further multiples of ₹1,000. For the overwhelming majority of retail depositors the choice simply does not exist, whatever the comparison pages imply.
Where it does exist, the premium is flat and small. Non-callable pays 0.05 percentage point over the matching callable bucket at every tenor on the schedule, and both specials appear on the non-callable table as well, carrying the same five basis points and nothing more. Five basis points up for surrendering the exit, five basis points down for the green label: that is the whole width of Baroda’s differentiation between its deposit products.
| Tenor | Callable, general | Non-callable, general | Non-callable, senior |
|---|---|---|---|
| 1 year | 6.25% | 6.30% | 6.80% |
| Above 2 to 3 years | 6.25% | 6.30% | 6.80% |
| Above 3 to 5 years | 6.30% | 6.35% | 6.95% |
| Above 5 to 10 years | 6.00% | 6.05% | 7.05% |
| bob Square Drive · 444 days | 6.45% | 6.50% | 7.00% |
| bob Golden Goal · 555 days | 6.75% | 6.80% | 7.30% |
Five basis points on ₹1 crore held for 555 days works out at roughly ₹7,600 of extra interest before tax. The callable 555-day deposit at 6.75% can be broken; the non-callable one at 6.80% cannot be broken at any price, and the callable schedule shows what breaking a deposit of that size would have cost — 1.50% off the applicable rate, notice of at least 31 days, and approval of the closure by a competent authority. Whether ₹7,600 is fair payment for surrendering that exit is the actual question, and for money that might conceivably be needed it is not.
Other banks price illiquidity differently and the gap is worth checking bank by bank. Our comparison of fixed deposit interest rates across major banks deliberately covers callable retail deposits only, for the same reason this section exists: those are the ones an ordinary depositor can actually open.
Breaking the deposit early: the ₹5 lakh rule has a twelve-month condition
Callable means premature closure is ordinarily permitted — though the schedule adds that it remains subject to the bank’s discretion. It does not mean it is free, and it does not mean you keep the contracted rate for the period you stayed.
Baroda uses the two-step calculation common across Indian banks. Interest is paid at the rate applicable to the amount and the period for which the deposit actually remained with the bank, and a penalty is then charged from that applicable rate. So a 555-day deposit closed at month eleven is not 6.75% minus a small charge; it is the rate for a roughly eleven-month deposit, less the penalty. On the current schedule the 271-days-to-under-one-year row pays 6.00%, so the true cost of leaving early is the 75-basis-point step down as well as the penalty.
The penalty tiers, as published:
- Deposits up to ₹5 lakh: no prepayment penalty, provided the deposit has remained with the bank for a minimum of twelve months.
- Deposits above ₹5 lakh and below ₹1 crore, and any deposit held for less than twelve months: 1% charged from the applicable rate.
- Deposits of ₹1 crore and above: 1.50% from the applicable rate, plus a notice period of not less than 31 days and approval of the premature closure by the competent authority.
Read the first bullet again, because the twelve-month condition is the part that gets dropped everywhere else. A ₹4 lakh deposit is not penalty-free on day one. It becomes penalty-free after twelve completed months — which, on a 555-day deposit, is about six months before maturity. If there is any real chance you will need the money inside the first year, size the deposit and the tenure with that in mind.
If the need for cash is temporary rather than permanent, closing is often the wrong tool anyway. A loan against the FD keeps the deposit and its contracted rate intact while charging a spread over it; whether that beats closure depends on how long you need the money and what the step-down would have cost.
The senior uplift is not a flat half a point
The schedule’s footnotes set out three different senior-citizen uplifts, and the printed rates confirm them. For resident senior citizens the addition is 0.50 percentage point on deposits up to three years, 0.60 on deposits above three and up to five years, and 1.00 on deposits above five and up to ten years. Resident super-senior citizens receive a further 0.10, but only on deposits above one year and up to five years — which is why the super-senior column matches the senior column at one year and below, and again in the five-to-ten-year band. The rate card does not print the age that qualifies for that column; 80 is the usual threshold in India and the one the income tax law uses, but confirm it at the branch rather than assuming it.
The five-to-ten-year band deserves a second look. The general-public rate there is 6.00%, the lowest on the whole long end of the ladder, while the senior rate is 7.00%. For a senior citizen that row is the only place on Baroda’s ordinary schedule that comes close to the 555-day special, and it comes with up to ten years of rate certainty instead of an eighteen-month reinvestment date. Giving up 25 basis points against the special to remove up to eight further years of reinvestment risk is a defensible trade for money that is genuinely long-term. It is also the opposite of what the headline rate would lead you to do.
Two operational points, since they are where senior rates go wrong in practice. The uplift applies to resident deposits, and in a joint deposit the eligible senior generally needs to be the first holder. Check the customer category printed on the deposit receipt rather than assuming the branch applied it. Whether a three-band structure is generous only shows in comparison, and our page on senior citizen FD interest rates sets Baroda’s bands against the uplifts other banks publish. Retirees with a lump sum should also weigh the Senior Citizens Savings Scheme against these rows before committing, on payout frequency and exit rules as well as rate.
What the rate does not tell you
The DICGC covers principal and interest up to ₹5,00,000 per depositor per bank, aggregated across every account you hold in the same right and capacity at every branch. Four ₹5 lakh deposits at Bank of Baroda are not ₹20 lakh of cover — they are ₹5 lakh of cover on ₹20 lakh of money. The mechanics, including how joint accounts are treated, are in our guide to DICGC deposit insurance.
Tax then takes the rate down further. FD interest is taxable at your slab rate as it accrues each financial year, including on a cumulative deposit that pays nothing out until maturity. The bank deducts TDS once interest across all its branches crosses ₹50,000 in a financial year for most resident depositors, or ₹1,00,000 for resident senior citizens, and TDS is an advance credit rather than the final liability. A depositor in the 30% bracket keeps materially less than 6.75%; our guide to tax on FD interest works through the thresholds and the declaration route for those with no liability.
Finally, the quoted rate is nominal per annum. Baroda’s schedule states that interest on term deposits is calculated at quarterly compounding intervals, so a cumulative deposit earns interest on interest. Under the monthly income plan the same quarterly interest is paid out monthly at a discounted value, which is why a monthly-payout deposit at the same headline rate returns less over the term. Compare maturity values on the same principal and tenure with the FD interest rates calculator rather than comparing percentages.
Choosing the tenure
| If the money is needed | The row that fits | What you are accepting |
|---|---|---|
| Under six months | 91–180 days at 5.00% | A poor rate; consider whether it should be in a deposit at all |
| Around nine to eleven months | 271 days to under 1 year at 6.00% | 75 bps below the special, in exchange for a real maturity date |
| Around fourteen to fifteen months | 444 days at 6.45% | 30 bps below the 555-day rate for 111 days less lock-in |
| Around eighteen months, firmly | 555 days at 6.75% | A reinvestment decision in early 2028 at an unknown rate |
| Two to three years | 555 days, then reroll | The break-even is a rollover rate of about 5.75%, or 6.25% for seniors, and auto-renewal defaults to one year rather than another 555 days |
| Five years or more, senior citizen | Above 5 to 10 years at 7.00% | 25 bps below the special, for up to ten years of certainty |
| Five years or more, general public | No compelling row at 6.00–6.30% | The rate is not the reason to lock long here |
Before you confirm, check the exact number of days and the maturity date, the contracted rate and whether it is a special tenor, the customer category on the receipt, the auto-renewal instruction, and how much principal plus expected interest you already hold at this bank for insurance purposes. A special tenor is a rate for a defined number of days and nothing more.
Common questions
Is the 555-day deposit better than a three-year Bank of Baroda FD?
On the schedule effective 12 June 2026, yes, on both rate and liquidity: the 555-day deposit pays 6.75% against 6.25% for the two-to-three-year bucket, and returns your money sooner. The catch is that you must reinvest for the rest of your horizon. Compared over three years, the two are roughly level if the rollover rate 555 days from now is about 5.75%. That is around half a percentage point below what Baroda pays for that bucket today, so the special has a cushion rather than a guarantee.
Can I break a 555-day Bank of Baroda deposit before maturity?
Yes. It sits on the callable schedule, so premature closure is ordinarily permitted. What you receive is not the contracted rate. Baroda pays interest at the rate applicable to the amount and the period the deposit actually remained with the bank, then charges a penalty of 1% from that applicable rate for deposits above ₹5 lakh and below ₹1 crore, or where any deposit has been held for less than twelve months. Deposits up to ₹5 lakh escape the penalty only after twelve completed months.
Can an ordinary saver open a Bank of Baroda non-callable FD?
Usually not. The Baroda Advantage non-callable table applies to a single deposit above ₹1 crore and below ₹3 crore, so for almost every retail depositor the choice does not arise. It is also a smaller prize than it sounds. On the schedule effective 12 June 2026 the non-callable rate is exactly 0.05 percentage point above the matching callable bucket at every tenor, the 444-day and 555-day specials included — 6.80% against 6.75% on the 555-day row. That is five basis points in exchange for a deposit that cannot be broken at any price.
Do Bank of Baroda senior citizens always get 0.50% more?
No, and the schedule’s own footnotes say so. The uplift is 0.50 percentage point for deposits up to three years, 0.60 for deposits above three and up to five years, and 1.00 for deposits above five and up to ten years. That last band is the odd one: the general-public rate falls to 6.00% while the senior rate rises to 7.00%. Resident super-senior citizens aged 80 and above get a further 0.10, but only on deposits above one year and up to five years.
Will the 555-day rate still be available when my deposit matures?
There is no assurance of that. Special tenors are promotional and banks withdraw or reprice them without notice. Automatic renewal will not preserve it either: Baroda’s published rule is that a deposit placed for more than one year is renewed for one year at the prevailing rate on the due date, so a 555-day deposit left alone becomes a one-year deposit at whatever that row then pays. Diarise the maturity date and decide afresh rather than letting the instruction decide.
Sources
Rates and rules on this page were read directly from the following sources on the dates shown. Figures change — if you are about to act on one, confirm it at the source.