Bank of Baroda has announced a 10 basis points increase in interest rates under its bob Golden Goal Deposit Scheme, a special 555-day retail term deposit scheme.
The revision applies across all customer segments and to both callable and non-callable options, with the scheme now offering interest rates of up to 7.50% per annum.
The scheme applies to retail term deposits below ₹3 crore, and the revised rates came into effect on November 12, 2026. Term deposit rates across all other tenors remain unchanged.
Under the revised structure, callable deposits now earn 6.85% per annum for general, NRO and NRE customers, 7.35% for resident senior citizens and 7.45% for resident super senior citizens aged 80 years and above. Non-callable deposits offer slightly higher returns, with 6.90% per annum for general, NRO and NRE customers, 7.40% for resident senior citizens and 7.50% for resident super senior citizens. Senior citizens receive an additional 0.50% over the base rate, super senior citizens receive an additional 0.60%, and non-callable deposits carry a further premium of 0.05%.
The Bank said the move is aimed at offering greater value to depositors in a rising interest rate environment. The targeted revision is also aligned with its prudent asset-liability management strategy, helping the Bank strengthen its deposit base while maintaining overall margin stability.
Beena Vaheed, Executive Director, Bank of Baroda said, “Bank of Baroda remains focused on offering competitive returns to depositors while continuing to support the credit requirements of a growing economy. The increase in interest rates under the bob Golden Goal Deposit Scheme offers greater value to customers seeking stable, assured returns over the medium-term, while also strengthening the Bank’s deposit franchise.”
Customers can open a new fixed deposit through the Bank’s mobile banking app, bob World, its net banking platform, bob World Internet, or by visiting any Bank of Baroda branch across India. New-to-bank customers can also open a fixed deposit online through the Bank of Baroda website without needing to open a savings account.
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