Bank of Baroda has increased the interest rate on its 555-day special deposit scheme by 10 basis points. Following this change, depositors can earn up to a maximum interest rate of 6.85%.
Bank of Baroda FD
If you're looking to deposit your hard-earned money somewhere that will keep your money safe and offer excellent returns, this news could be helpful. Bank of Baroda has increased the interest rate on its special 555-day FD scheme by 10 basis points (0.10%).
Under the new rates, effective November 11, 2026, ordinary citizens receive a maximum annual interest rate of 6.85%, senior citizens 7.35%, and super senior citizens 7.45%. With this new change, Bank of Baroda joins the list of banks that revised their FD interest rates in November this year. These include Indian Overseas Bank, HDFC Bank, ICICI Bank, and Kotak Mahindra Bank.
What is BOB Golden Goal Deposit Scheme?
The 'bob Golden Goal Deposit Scheme' is a special 555-day fixed deposit (FD) scheme from Bank of Baroda that offers the highest interest rate among all its tenors. This special deposit scheme is for a limited period and has been launched by the bank for its retail investors who want higher returns on their deposits.
This is a special limited-term deposit scheme launched by Bank of Baroda for retail investors seeking higher returns. The term of this scheme is 555 days (approximately 1 year and 6 months), and investments can be made with a minimum of ₹1,000. The maximum limit for this retail term deposit is less than ₹3 crore. This means that these interest rates issued for general investors apply only to single FDs of up to ₹2.99 crore.
How to apply and what are the withdrawal options?
You can apply for Bank of Baroda's 555-day "bob Golden Goal Deposit Scheme" both online through the bob World app or website and offline by visiting a bank branch. Upon completion of 555 days, your entire deposit, including interest, will be transferred to your linked savings bank account. You can choose to receive only the interest in your account monthly, quarterly, or semi-annually.
This scheme is available in both callable (with premature withdrawal) and non-callable (without premature withdrawal option, for deposits above ₹1 crore). This means that if you choose a non-callable FD above ₹1 crore, there is no premature withdrawal option. Furthermore, if you suddenly need money, you can avail a loan or overdraft of up to 90% to 95% of the FD deposit amount.
