Bank of Baroda: Bank of Baroda (BoB) is a prominent public sector bank in the country, ranking third in terms of customer base and second in market capitalization. BoB is currently offering competitive interest rates on fixed deposits (FDs) to its customers. The bank provides higher returns to customers over the age of 60 and 80. Let’s explore the interest rates for a 1-year FD at Bank of Baroda.

What are the interest rates for a 1-year FD at Bank of Baroda?

BoB offers interest rates between 6.25% to 6.75% on 1-year FDs. Customers up to 59 years of age receive 6.25% interest, while senior citizens aged 60 and above get 6.75%. Super senior citizens aged 80 and above also receive the same rate as senior citizens. These rates apply to deposits less than Rs 3 crore.

What makes BoB’s FD scheme unique for senior citizens?

Similar to other banks, Bank of Baroda grants senior citizens an additional 0.50% interest on FDs compared to regular customers. Additionally, super senior citizens receive 0.10% more interest than other seniors on specific maturity periods. BoB last adjusted its FD interest rates in June 2026.

Bank of Baroda last updated its FD rates in June 2026. Notably, on August 5th, the Reserve Bank of India (RBI) announced the fourth consecutive freeze on the repo rate. The RBI had reduced the repo rate by 0.25% to 5.25% in December 2025, and it has remained steady since then.

Fixed Deposit Interest Rates

  • The bank has revised its callable Fixed Deposit interest rates for domestic term deposits, including NRO deposits below Rs 3 crore, effective from 12 June 2026. For deposits of 7 to 45 days, the interest rate is 3.50% per annum for general customers, while senior citizens and super senior citizens will get 4.00%.
  • For deposits of 46 to 180 days, general customers will earn 5.00%, while senior citizens and super senior citizens will receive 5.50%. For a tenure of 181 to 210 days, the rates are 5.50% for general customers and 6.00% for both senior citizen categories.
  • For deposits of 211 to 270 days, the interest rate is 5.75% for general customers and 6.25% for senior and super senior citizens. Deposits of 271 days and above but less than one year will earn 6.00% for general customers and 6.50% for senior citizens and super senior citizens.
  • For a 1-year FD, the interest rate is 6.25% for general customers, while senior citizens and super senior citizens will get 6.75% per annum.