Bank of Baroda - Fixed Deposit Interest Rates

As of August 2026, Bank of Baroda offers a highest interest rate of 6.75% p.a. for general citizens and 7.25% p.a. for senior citizens on fixed deposits.

Yes, Bank of Baroda is a registered bank regulated by the RBI. Your deposits (up to ₹5 Lakhs per depositor) are insured by DICGC, which covers both principal and accrued interest.

The minimum tenure for a fixed deposit with Bank of Baroda starts from 7 Days. Longer tenures may offer higher interest rates.

Yes, Bank of Baroda offers an additional benefit of up to 1.00% p.a. over the general citizen rate for senior citizens (aged 60 and above).

Yes, interest earned on fixed deposits is taxable as per your income tax slab. TDS is deducted at 10% if total interest exceeds ₹40,000 per year (₹50,000 for senior citizens). You can submit Form 15G/15H to avoid TDS if your total income is below the taxable limit.

Bank of Baroda waives the penalty entirely for deposits up to ₹5 lakh held for at least 12 months. Otherwise, 1% applies on deposits below ₹1 crore. Deposits of ₹1 crore and above attract 1.5% plus a 31-day notice requirement, and non-callable deposits carry a 2% penalty.

As of August 2026, Bank of Baroda offers special FD rates for 444 days at 6.45% (6.95% for Seniors), and 555 days at 6.75% (7.25% for Seniors).