Bank of Baroda FD Interest Rates 2026

What is a Bank of Baroda Fixed Deposit?

A Fixed Deposit is a secure investment option in which you deposit a lump sum for a chosen tenure and earn guaranteed returns. The special Bank of Baroda NRE Account facility is for the NRIs to invest their money in 5 different currencies, like USD, GBP, EUR, AUD and CAD, to manage savings in India. BOB special FD schemes include the Liquid Fixed Deposits Scheme, BOB Tax Saving FD, BOB Earth Green Term Deposit, and the BOB Square Drive (444 Days) scheme, which stands out with a peak rate of 6.45% for the general public and 7.00% for senior citizens and 7.05% for super senior citizens.

BoB is one of the few banks offering an additional 0.10% for Super Senior Citizens (aged 80+), bringing the total bonus to 0.60%. By investing in this FD, you can enjoy BOB loan against fixed deposits, easy liquidation, a tax threshold for interest and safety guaranteed by DICGC insurance up to ₹5 lakhs.

Bank of Baroda Fixed Deposit: Key Highlights

• Tenure: 7 days to 10 years
• Minimum Deposit Amount: Rs 1,000
• Maximum Deposit Amount: NIL
• Loan Facility: Up to 90%
• Premature Withdrawal: Up to 1% penalty
• Senior Citizens Benefits: 0.5% higher than usual
• Overdraft Facility: Available
• Tax: Yes Applicable

Bank of Baroda Fixed Deposit Interest Rates: Latest Update

Bank of Baroda revised its FD interest rates on May 16, 2026. After this latest update, seniors can earn up to 7.00% interest from the Bank of Baroda.  

Bank of Baroda FD Interest Rates 2026

Here’s a detailed breakdown of Bank of Baroda latest FD interest rates across various tenures and investment slabs:

Revised rates below ₹3 crore

Bank of Baroda FD interest rates w.e.f. May 16, 2026

Revised rates above ₹3 crore

Bank of Baroda FD interest rates w.e.f. May 19, 2026. These FD interest rates apply to deposits of ₹3 crore or more and up to ₹5 crore.

Types of Bank Of Baroda FD Schemes

BOB Tax Saving Fixed Deposit Account BOB Square Drive Deposit Scheme BOB Liquid Fixed Deposits Scheme BOB Regular Income cum Recurring Deposit (RIRD)

BOB Tax Saving Fixed Deposit Account

Bank of Baroda Tax-Saving Fixed Deposit Account is offered by Bank of Baroda, which enables individuals and HUFs to invest up to 1.5 lakh per financial year and get a deduction under Section 80C with a lock of 5 years.

• Minimum Deposit Amount : Rs 100
• Maximum Deposit Amount : Rs 1,50,000
• Tenure : 5 years to 10 years
• Additional Benefits : 0.5% for the senior citizens
• Auto-Renewal : Renewed for 12 months

BOB Square Drive Deposit Scheme

It is a special 444-day fixed deposit scheme that offers an attractive interest rate of 6.45% p.a. to general citizens, 7.00% p.a. to senior citizens, and 7.05% p.a. to super senior citizens. Non-callable deposits offer an additional 0.05% (5 bps) interest, making them an attractive medium-term investment.

• Tenure: 444 days
• Minimum Deposit Amount : Above Rs 1.00 Crore
• Maximum Deposit Amount : Rs 3 crores
• Ideal For: Medium-term investment with assured returns
• Additional Interest Rate: 0.05% extra on Non-Callable deposits

BOB Liquid Fixed Deposits Scheme

A liquidity option that gives the advantage of competitive interest rates as well as easy accessibility. This plan gives you easy control over your money and is therefore best suited to people who want the benefits of both short-term access and long-term benefits.

• Tenure : 12 months to 60 months
• Fixed Deposit Value : 95% of the loan amount
• Minimum Deposit Amount : Rs 5,000
• Tax Deduction at Source : As per the prevailing Income Tax Act
• Withdrawal Limit : Flexible

BOB Regular Income cum Recurring Deposit (RIRD)

The interest rates are higher when the deposit period is longer, and the rate is dependent on the tenure. With compound interest, your savings grow more effectively over time. The facility to overdraft your account by up to 95% of your deposit is also available under this plan.

• Minimum Deposit Amount : Rs 1000
• Maximum Deposit Amount : No upper limit
• Tenure : 12 months to 120 months
• Withdrawal : Flexible
• Nomination Facility : Available

Key Benefits of Bank of Baroda Fixed Deposits

You can enjoy several valuable benefits when you open a Bank of Baroda Fixed Deposit. Some of the key benefits are listed below.

• Guaranteed Returns: Your funds are locked in at a fixed rate, ensuring stable and predictable returns throughout the deposit tenure, regardless of market conditions.
• Flexible Tenures: With Bank of Baroda, you can choose FD tenures ranging from 7 days to 10 years, making it suitable for both short-term and long-term savings.
• Attractive Interest Rates: Bank of Baroda offers competitive FD interest rates ranging from 3.50% to 6.45% per annum, depending on the deposit amount and tenure. Senior citizens typically receive an additional 0.50% interest across most tenures.
• Auto-sweep Facility (Baroda Suvidha): The Auto-sweep facility under Baroda Suvidha automatically transfers surplus funds between your Bank of Baroda Savings Account and Fixed Deposits, offering both sweep-in and sweep-out features to maximise returns while ensuring liquidity.
• Loan and Overdraft Against FD: Bank of Baroda allows customers to borrow up to 90% of their FD amount as a loan or overdraft, offering quick access to funds without breaking the deposit. The interest charged is typically 1%–2% above the prevailing FD interest rates.
• Credit Card Against FD: The Bank of Baroda credit card against FD means your FD will act as collateral. The BOBCARD Prime is a "secured" credit card designed for students, homemakers, or those looking to build their credit score from scratch.

How to Open a Bank of Baroda FD

Opening a Fixed Deposit with Bank of Baroda (BoB) is a simple process and can be done either online or offline, depending on your convenience.

BOB Online FD Account Opening

If you are a Bank of Baroda customer with access to NetBanking or the BoB World mobile app, you can open an FD in just a few minutes:

BOB Offline FD Account Opening

If you prefer a traditional approach, you can visit any Bank of Baroda branch to open your FD.

• Log in: Access the BOB World internet banking portal or app.
• Go to ‘Fixed Deposit’: Find the 'Open FD' option under the 'Fixed Deposits' menu.
• Enter Details: Enter the amount you want to invest and the tenure.
• Select Payout: Choose your interest payout frequency.
• Review and Submit: Check all the details, accept the terms, and submit your request.
• Get FD Receipt: The bank will instantly provide you with a Term Deposit Receipt.

• Visit a Branch: Go to your nearest branch with your PAN and Aadhaar card.
• Fill Out the Form: Complete the fixed deposit application form provided at the branch.
• Submit Documents: Hand in the form along with your KYC documents.
• Deposit the Amount: Deposit the FD amount using cash, a cheque, or a digital transfer.
• Get the FD Receipt: The bank will then issue a Term Deposit Receipt as confirmation.

Eligibility for opening a Bank of Baroda FD

The Indian residents, both in a single name or jointly with other individuals. Some other eligible people are

Other than Indian individuals, the SBI FD can be opened by:

• Minors (under a guardian’s name)
• Hindu Undivided Families (HUFs)
• Firms and Companies
• Trusts, clubs, associations, and registered societies

Key Takeaways

Bank of Baroda remains a reliable choice for savers in 2026, offering high returns and flexible schemes such as Bob Square Drive and Baroda Suvidha. Senior citizens earn premium rates of up to 7.00% p.a. and the added convenience of overdraft facilities. These deposits provide both security and growth, and you can maximise your returns with auto-sweep, which includes both sweep-in and BoB sweep-out FD, where maximum growth meets instant access. However, as the general FD interest rates at other banks are currently at their peak, it is the perfect time to lock in yields before they potentially decline.