Bank of Baroda 555-Day FD interest rates have been increased, giving depositors an opportunity to earn better returns on their fixed deposits.
The public sector bank has raised the interest rate under its special bob Golden Goal Deposit Scheme by 0.10 percentage points, effective November 11, 2026.
Following the revision, general customers can earn 6.85% annual interest on this 555-day fixed deposit. Senior citizens are eligible for 7.35%, while super senior citizens can receive 7.45% interest.
The latest revision is relevant for customers looking for fixed-income investment options with a specific deposit period.
The additional interest offered to senior citizens also makes the scheme worth reviewing for older depositors.
Bank of Baroda 555-Day FD New Interest Rates
Bank of Baroda has increased the interest rate on its special 555-day deposit by 10 basis points. Previously, general customers received 6.75% interest, while senior citizens earned 7.25%.
The revised rates are as follows:
General customers: 6.85% per annum.
Senior citizens: 7.35% per annum.
Super senior citizens: 7.45% per annum.
The revised rates apply to the bob Golden Goal Deposit Scheme, which has a fixed tenure of 555 days.
The additional interest for senior citizens is 0.50 percentage points over the general customer rate. Super senior citizens receive an additional 0.60 percentage points.
How Much Interest Can You Earn on a 555-Day FD?
The actual return from a fixed deposit depends on the amount invested, applicable interest rate, compounding frequency and payout option.
For example, a general customer depositing ₹1 lakh at an annual interest rate of 6.85% can earn approximately ₹10,400 in simple interest over 555 days.
For senior citizens, the same deposit at 7.35% can generate approximately ₹11,160 in simple interest over the same period.
Super senior citizens investing at 7.45% can earn approximately ₹11,310 in simple interest.
These are indicative simple-interest calculations, not guaranteed maturity amounts. Actual returns may differ depending on the bank’s deposit calculation and interest payout method.
Customers should check the applicable maturity value with the bank before booking their deposits.
What Is the bob Golden Goal Deposit Scheme?
The bob Golden Goal Deposit Scheme is a special fixed deposit product offered by Bank of Baroda for a tenure of 555 days.
Unlike a regular savings account, a fixed deposit allows customers to invest a lump sum for a predetermined period at an agreed interest rate.
The interest rate is generally fixed at the time of booking, subject to the bank’s applicable terms and conditions. This allows depositors to plan their returns over the selected investment period.
Customers should also check whether they are choosing a callable or non-callable deposit.
Non-callable deposits generally come with restrictions on premature withdrawal, while callable deposits may permit early withdrawal subject to applicable conditions and penalties.
The bank’s revised announcement also covers different customer categories and deposit options.
What Should Senior Citizens Know Before Investing?
Senior citizens often use fixed deposits to generate relatively predictable income from their savings.
Bank of Baroda offers additional interest to eligible senior and super senior citizens under its special deposit scheme.
For people aged 60 years and above who meet the bank’s eligibility conditions, the additional interest can improve the returns compared with the general customer rate.
Super senior citizens aged 80 years and above receive a separate higher rate under the applicable scheme conditions.
However, investors should consider the deposit tenure, premature withdrawal rules, taxation and their need for emergency funds before investing.
Interest earned on fixed deposits is generally taxable according to the depositor’s applicable income tax slab.
Eligible depositors may also be able to claim applicable tax deductions or submit the required declarations under prevailing rules.
Things to Check Before Booking a Bank of Baroda FD
Before opening the 555-day fixed deposit, customers should confirm the latest applicable interest rate and scheme conditions through an official Bank of Baroda branch or its website.
They should also compare the returns with other available fixed deposit options and consider whether they can keep their money invested for the full tenure.
The increased rate provides better returns than the previous offer, but the final maturity amount will depend on the deposit amount and selected interest payout option.
