Savings
Bank of Baroda RD interest rates: the card rate, minus the two specials
Bank of Baroda prices an RD at its term-deposit card rate, so the best an RD reaches is 6.30% at 39 to 60 months. The 444 and 555-day rates cannot be bought monthly.
Bank of Baroda pays a recurring deposit the same rate it pays a fixed deposit of the same length. On the callable card effective 12 June 2026 that puts the best rate an RD can reach at 6.30% for the general public, on any tenure from 39 to 60 months, with 6.90% for a resident senior citizen and 7.00% in the super-senior column. Cross 60 months and the general rate falls to 6.00%. The two rates the bank advertises hardest — 6.45% on the 444-day bob Square Drive and 6.75% on the 555-day bob Golden Goal — cannot be bought with monthly instalments at all.
Rates below were read from Bank of Baroda’s own pages on 10 September 2026 and apply to resident deposits below ₹3 crore. The effective date printed on the card is what controls; confirm the rate on the booking screen.
Where the RD rate actually comes from
Bank of Baroda publishes no recurring-deposit rate table. Its deposit interest rates section carries six schedules — savings, tax-saving fixed deposits, FCNR, term deposits up to ₹10 crore, green term deposits and term deposits above ₹10 crore — and not one is an RD card. The bank’s recurring-deposit page answers “What are the interest rates of a Recurring Deposit?” by linking to that same section.
The rule is written out plainly on one page only. In the feature table for the bob Flexi Systematic Deposits Plan, the rate of interest is “As per Card rates of Term Deposit as applicable on the date of Account Opening”.
Once the tenure has to be expressed in whole months, most of that card becomes unreachable. A bob SDP runs from six to 120 months in multiples of three, which leaves seven live rows.
| RD tenure | The card bucket it lands in | General | Senior citizen | Super senior |
|---|---|---|---|---|
| 6 months | 181–210 days | 5.50% | 6.00% | 6.00% |
| 9 months | 271 days to under 1 year | 6.00% | 6.50% | 6.50% |
| 12 months | 1 year | 6.25% | 6.75% | 6.75% |
| 15 to 24 months | Above 400 days to 2 years | 6.25% | 6.75% | 6.85% |
| 27 to 36 months | Above 2 to 3 years | 6.25% | 6.75% | 6.85% |
| 39 to 60 months | Above 3 to 5 years | 6.30% | 6.90% | 7.00% |
| 63 to 120 months | Above 5 to 10 years | 6.00% | 7.00% | 7.00% |
For orientation, the Baroda savings rate has been 2.50% on balances up to ₹10 crore since 22 August 2025.
Two features of that ladder matter. Between twelve and thirty-six months the rate does not move at all — 6.25% whether you commit for one year or three — so two extra years of lock-in are paid nothing. And for the general public the longest commitment is among the worst paid: 6.00% from 63 to 120 months, thirty basis points below the 39-to-60-month row and exactly level with a nine-month deposit. The same schedule read as a lump sum is in our page on Bank of Baroda FD interest rates, and how it sits against other large banks is in our comparison of FD interest rates.
The 444 and 555-day rates are not on the menu
This is the single most useful thing to know before opening an RD here.
Baroda’s headline retail rates sit on two special tenors defined in days, neither a whole number of months: bob Square Drive at 444 days exactly, paying 6.45%, and bob Golden Goal at 555 days exactly, paying 6.75%. Eighteen months is roughly 548 days, seven short of the Golden Goal; fifteen months is roughly 456 days, well past the 444-day row. Both land in the ordinary above-400-days-to-two-years band at 6.25%.
So the gap between the marketed rate and the best a monthly saver can obtain is 45 basis points for the general public. It is not stated on either of Bank of Baroda’s own pages, because the RD pages carry no rates and the rate page carries no RD. The one route across belongs at maturity: place the RD proceeds as a lump-sum 555-day deposit, at whatever rate exists then.
What ₹5,000 a month becomes
Bank of Baroda publishes its own RD formula on its calculator page — maturity equals the instalment multiplied by [(1+i)ⁿ − 1] divided by [1 − (1+i)^(−1/3)], where i is the annual rate divided by 400 and n is the number of quarters. That is quarterly compounding with each instalment earning from the month it is paid, and it is the method used below.
At 6.30%, ₹5,000 a month for 60 months turns ₹3,00,000 of instalments into about ₹3,53,091, of which ₹53,091 is interest. A resident senior citizen at 6.90% gets about ₹3,58,716, and the super-senior column at 7.00% about ₹3,59,664. Over 120 months, ₹6,00,000 of contributions become about ₹8,22,145 at the general 6.00% and about ₹8,68,509 at the senior 7.00% — roughly ₹46,000 created entirely by the age band.
The step at sixty months catches people. Extending an RD from 60 months to 63 does not add three months at 6.30%; it reprices the whole deposit to 6.00%, because the card charges by the band the entire tenure falls into. On ₹5,000 a month for 63 months that step-down is worth about ₹3,087.
For your own instalment and tenure, our RD calculator with interest does the same arithmetic; the bank’s own may differ by a rupee or two on an incomplete terminal quarter.
The bank’s own Lakhpati tables no longer add up
Bank of Baroda sells the same recurring deposit under three goal names — bob Lakhpati, bob Millionaire and bob Crorepati — differing only in the size of the instalment. Each prints an illustrative table of instalments, tenures and maturity values. Solving each published maturity value back to the rate that produced it returns exact card-style figures: the general Lakhpati rows were computed at 6.40% for the three-to-five-year band and 6.50% for the two-to-three-year band, which today pay 6.30% and 6.25%.
| Illustration | Published maturity | On the 12 June 2026 card | Reaches ₹1 lakh? |
|---|---|---|---|
| ₹1,500 a month, 57 months, general | ₹1,00,057 | ₹99,808 | No, short by about ₹192 |
| ₹2,500 a month, 36 months, senior | ₹1,00,343 | ₹99,951 | No, short by about ₹49 |
| ₹1,000 a month, 84 months, general | ₹1,04,477 | ₹1,04,477 | Yes, still exact |
| ₹1,000 a month, 81 months, senior | ₹1,01,761 | ₹1,03,614 | Yes, and understated |
The three pages also disagree with each other: a 45-month senior deposit is illustrated at 6.90% on the Millionaire page and at 7.00% on the Crorepati page. Treat those maturity figures as marketing rather than quotations.
Instalments, defaults, and the loan that costs one percentage point
Instalment size. The minimum is ₹50 a month in rural and semi-urban branches and ₹100 in urban and metro branches, in multiples of the same. The amount fixed at opening must be paid every month for the tenure chosen and cannot be varied later. Minor accounts, from age ten, are capped at ₹1,00,000.
Timing. The instalment for any calendar month must be paid on or before the last working day of that month, and anything paid inside that month counts as on time.
Defaults. A late instalment attracts ₹1 for every ₹100 per month of delay. On a ₹5,000 instalment that is ₹50 for each month it is late — 1% a month, or 12% a year, on the sum you failed to pay. The Flexi SDP page adds that GST applies and that a fraction of a month counts as a whole one. Advance instalments are not allowed, so unlike the Post Office scheme there is no rebate for paying early.
Liquidity without closing. Loan or overdraft is available against the balance up to 95% of it, with no processing charge, and the retail loan card prices Loan/OD Against Bank’s Own Deposits at 1.00% over the interest rate on the deposit. Borrowing against a 6.30% RD costs 7.30%, and the deposit keeps its contracted rate. For a short gap that is almost always cheaper than closing; the mechanics are in our guide to a loan against an FD.
Closing it early, and the month after the last instalment
The RD pages state the closure rule in one sentence: interest is paid after deducting a penalty of 1% from the applicable rate or the contracted rate, whichever is lower, in the cases which are subject to charging penalty. The rate is rebuilt to the one the card pays for the period the money actually stayed, not the rate you agreed.
Take ₹5,000 a month booked for 60 months at 6.30% and closed after 30 instalments, with ₹1,50,000 paid in. The applicable rate for thirty months is 6.25%, and 1% off that is 5.25%, which returns about ₹1,60,567 against about ₹1,62,779 had the contracted rate run — roughly ₹2,200 less, of which the penalty itself is about ₹2,105.
Whether that penalty is due at all is unresolved. The term-deposit card’s tiers say there is no prepayment penalty on deposits up to ₹5 lakh held for at least twelve months, 1% above ₹5 lakh and below ₹1 crore or on any deposit held under twelve months, and 1.50% with 31 days’ notice at ₹1 crore and above. Read across, a ₹1,50,000 RD closed at month thirty falls in the first tier and should pay the full 6.25%, about ₹1,62,673. The RD pages do not reproduce those tiers, so the ₹2,100 between the two readings is a question for the branch before you open the account.
Maturity is one month after the last instalment or the due date, whichever is later, which is why the final contribution still earns a month of interest. The bank states an RD cannot be extended — “There is no provision for extension of RD” — and cannot run beyond ten years. But the SDP page’s own MITC also says that in the absence of a maturity mandate the bank will automatically renew the deposit, for one year at the prevailing rate where it ran more than a year, while elsewhere saying proceeds are credited to the customer’s SB/CA account. The two statements sit on the same page, so give a written closure instruction at opening rather than assuming the money lands in your account.
Seniors, and where the Post Office wins
The card’s footnotes set three different senior uplifts, and they reach the RD through that card: 0.50 percentage point for resident senior citizens up to three years, 0.60 above three and up to five years, and 1.00 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.
So a senior citizen’s best RD is the longest one. At 63 to 120 months a senior earns 7.00% against 6.00% for everyone else — a full point, and the widest gap on the schedule. A super-senior depositor reaches 7.00% from 39 months. The SDP page names only senior citizens and puts the benefit at “up to 1%”, while the Flexi SDP page names both bands; the card does not print the qualifying age for the super-senior column at all, so an 80-plus depositor should confirm the extra 0.10 at the branch.
For a general-public saver the comparison that matters is not another bank. The Post Office five-year recurring deposit has paid 6.7% since 1 October 2023 on the National Savings Institute’s since-inception table, 40 basis points above Baroda’s best general-public RD; on ₹5,000 a month for five years that is about ₹3,738 in the Post Office’s favour. It reverses for seniors, because that scheme has one rate for everyone and no age band: a Baroda senior at 6.90% ends about ₹1,887 ahead. Our page on the Post Office RD interest rate sets out its rules, and the wider family is in our guide to Post Office savings schemes.
One product needs a warning label: bob Regular Income cum Recurring Deposit is not a recurring deposit. It takes a lump sum and sits under the fixed-deposit menu.
Tax, TDS and the ₹5 lakh cover
RD interest is taxable at your slab rate as income from other sources, in the year it accrues, even though a bob SDP pays nothing out until maturity. A 60-month RD therefore spreads across five or six financial years of tax, not one.
Bank of Baroda deducts tax at source once interest across all your deposits at the bank crosses ₹50,000 in a financial year, or ₹1,00,000 for a resident senior citizen, at 10% where PAN is on record and 20% where it is not. Those thresholds are bank-wide, so splitting a deposit across branches changes nothing. Several of the bank’s own RD pages still print the older ₹40,000 threshold and still name Forms 15G and 15H; the thresholds were raised from 1 April 2025, and the nil-tax declaration is now Form 121, which replaced Forms 15G and 15H from 1 April 2026. Our guide to tax on FD interest sets out the accrual rule and the declaration conditions. The recurring deposit is not a section 80C instrument, and the bank says so in its own FAQ.
Deposit insurance then caps the downside. The DICGC covers savings, current, fixed and recurring deposits together, up to ₹5 lakh per depositor per bank for principal and accrued interest in the same right and capacity, after lawful set-off. It is not ₹5 lakh per account: at 6.00% a ₹5,000 monthly RD passes ₹5 lakh of its own balance in about 82 months, and it is aggregated with every savings balance and fixed deposit you hold at the bank, so the cover is usually consumed well before that. Joint accounts and different capacities are in our guide to DICGC deposit insurance.
Before you book
| If you are saving monthly for | The tenure that fits | Rate | The trap next to it |
|---|---|---|---|
| Six to nine months | 9 months | 6.00% | Six months pays only 5.50% |
| About a year | 12 months | 6.25% | Nothing between here and 36 months pays more |
| Two to three years | 36 months | 6.25% | Identical to twelve months; the extra lock-in is unpaid |
| Four to five years, general | 60 months | 6.30% | 63 months reprices the whole deposit to 6.00% |
| Four to five years, senior | 60 months | 6.90% | The 0.10 super-senior addition stops after five years |
| More than five years, senior | 63 to 120 months | 7.00% | The best senior row on the card |
| More than five years, general | No compelling row | 6.00% | Level with a nine-month deposit |
| A fixed sum you already hold | Not an RD at all | 6.75% at 555 days | The special tenors need a lump sum |
Fix the instalment you can pay in the worst month, not the best: it cannot be reduced later and every late month costs 1% of it. Check that the standing instruction actually executed for the first two months, and confirm the customer category on the receipt if you are entitled to a senior band. Then ask the branch whether the ₹5 lakh and twelve-month prepayment carve-out on the term-deposit card is applied to recurring deposits.
Common questions
What is the Bank of Baroda RD interest rate?
It is whatever the bank's term-deposit card pays for the same length of time. Bank of Baroda publishes no separate recurring-deposit schedule, and its Flexi SDP page states the rate is as per the card rates of term deposit applicable on the date of account opening. On the card effective 12 June 2026 that gives a general-public RD 5.50% at six months, 6.25% from twelve to thirty-six months, 6.30% from thirty-nine to sixty months and 6.00% beyond that. A resident senior citizen adds 0.50 to 1.00 percentage point depending on the band.
Can I open a 555-day recurring deposit at Bank of Baroda?
No. The 6.75% bob Golden Goal rate and the 6.45% bob Square Drive rate are priced on exact day counts — 555 days and 444 days — while a bob SDP is opened in whole multiples of three months, from six months to 120. Eighteen months is roughly 548 days and lands in the ordinary above-400-days-to-two-years band at 6.25%. The two rates Bank of Baroda advertises hardest are therefore unavailable to a monthly saver, and the gap between the headline 6.75% and the best an RD reaches is 45 basis points.
What happens if I miss a bob SDP instalment?
The instalment for any calendar month must be paid on or before the last working day of that month, and anything paid within that month counts as paid on time. A late instalment attracts ₹1 for every ₹100 per month of delay — ₹50 on a ₹5,000 instalment for each month it is late, which is 1% a month or 12% a year on the sum you failed to pay. On the Flexi SDP the bank adds that GST applies and that part of a month counts as a full month. Advance payment is not allowed, so you cannot pre-fund the account to avoid the risk.
Do senior citizens get a higher RD rate at Bank of Baroda?
Yes, and the uplift is not a flat half a point. The card's footnotes give resident senior citizens 0.50 percentage point up to three years, 0.60 above three and up to five years, and 1.00 above five and up to ten years. So a senior citizen's best RD rate is 7.00% at 63 to 120 months, against 6.00% for the general public on the same tenure — the widest gap anywhere on the schedule. Resident super-senior citizens receive a further 0.10 on deposits above one year and up to five years.
Is a Bank of Baroda recurring deposit eligible for section 80C?
No. The bank's own recurring-deposit FAQ answers the question in six words: RD is not eligible for 80C. Only a five-year tax-saving fixed deposit carries the deduction, and only under the old tax regime, which is no longer the default. RD interest is taxable at your slab rate as it accrues, and TDS applies once interest across all your deposits at the bank crosses ₹50,000 in a financial year, or ₹1,00,000 for a resident senior citizen. The old belief that recurring deposits escape TDS has been wrong since 1 June 2015.
Can I change or pre-pay the instalment on a Bank of Baroda RD?
Not on the ordinary bob SDP. The instalment fixed when the account is opened has to be paid every month for the duration chosen, advance instalments are not allowed, and there is no provision for extending an RD at maturity. If you need the flexibility, the bob Flexi SDP takes a core instalment from ₹500 and lets you top it up in the same month, but it caps the tenure at 60 months instead of 120. The bank's two pages disagree on the top-up ceiling, so confirm it before you rely on it.
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.
- Fixed Deposits Callable & Non-Callable upto ₹10.00 Crores — domestic term deposits below ₹3 crore, ROI in % p.a. (w.e.f 12-06-2026), with the premature-withdrawal tiers and the senior-citizen footnotes
- bob SDP - A Recurring Deposit Scheme — features, MITC, instalment and default terms
- Recurring Deposit — product index and the bank's recurring-deposit FAQs
- bob Flexi Systematic Deposits Plan (Recurring Deposits) — the feature table stating the rate is “As per Card rates of Term Deposit”
- bob Lakhpati - A Recurring Deposit Scheme — the illustrative instalment and maturity table
- bob Millionaire - A Recurring Deposit Scheme — the illustrative instalment and maturity table
- bob Crorepati - A Recurring Deposit Scheme — the illustrative instalment and maturity table
- Recurring Deposit Calculator — the bank's published RD maturity formula
- Savings Bank Deposits — slab-wise rate of interest, ROI in % p.a. (w.e.f 22.08.2025)
- Retail Loans Interest Rates — Loan/OD Against Bank's Own Deposits (LABOD/ODBOD), rates w.e.f. 06.12.2025
- National Savings Recurring Deposit Account Scheme — interest rate since inception
- Guide to deposit insurance