New Delhi, November 14 (MExN): Bank of Baroda (BoB) has increased the interest rates on its special 555-day retail term deposit, the ‘bob Golden Goal Deposit Scheme’, by 10 basis points across all customer categories, taking the maximum rate on offer to 7.50 per cent per annum.
The revised rates, applicable on retail term deposits of less than Rs 3 crore, came into effect on November 12, 2026. They apply to both callable and non-callable options. Rates on all other tenors remain unchanged, the public sector lender said in a statement.
Under the revised structure, the callable option offers 6.85 per cent to general customers and non-resident (NRO/NRE) depositors, 7.35 per cent to resident senior citizens, and 7.45 per cent to resident super senior citizens aged 80 years and above.
In the non-callable category, the rates are 6.90 per cent for general and NRO/NRE depositors, 7.40 per cent for resident senior citizens and 7.50 per cent for resident super senior citizens.
Senior citizens get an additional 50 bps and super senior citizens an additional 60 bps over the base rate. Non-callable deposits carry a further 5 bps premium.
The bank said the move comes amid a rising interest rate environment and is in line with its asset-liability management strategy. It is aimed at strengthening the deposit base while preserving margin stability.
“Bank of Baroda remains focused on offering competitive returns to depositors while continuing to support the credit requirements of a growing economy,” Executive Director Beena Vaheed said.
“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,” she added.
Customers can open a new fixed deposit through the bank’s mobile banking app ‘bob World’, net banking portal ‘bob World Internet’, or at any branch across the country. New-to-bank customers can also open a fixed deposit online through the bank’s website without having to open a savings account.
