maturity is one month after the last instalment or the due date, whichever is later.
Compounded quarterly and paid at maturity
resident senior-citizen and eligible staff add-ons follow current guidelines.
Resident senior citizens receive an additional interest rate under the bank's current guidelines
the goal pages do not publish a standalone percentage, while their tables show separate senior-citizen maturity illustrations. Deposits below ₹3 crore qualify under the wording.
Goal schemes use the illustrated ₹1,000–₹3,000 (Lakhpati) or ₹10,000–₹30,000 (Millionaire) monthly instalments
the underlying rules also permit ₹50 rural/semi-urban and ₹100 urban/metro minimums for ordinary accounts.
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No premature-penalty charge and no missed-instalment charge under this scheme
loan/overdraft up to 95% of outstanding balance is permitted under bank guidelines.
Interest is paid on maturity
nomination available and applies to interest/maturity as per the Income Tax Act.
maturity is one month after the last instalment or the due date, whichever is later.
Compounded quarterly and paid on maturity
senior-citizen and staff additions follow current guidelines.
Resident senior citizens receive an additional interest rate under the bank's current guidelines
the goal pages do not publish a standalone percentage, while their tables show separate senior-citizen maturity illustrations. Deposits below ₹3 crore qualify under the wording.
Goal schemes use the illustrated ₹1,000–₹3,000 (Lakhpati) or ₹10,000–₹30,000 (Millionaire) monthly instalments
the underlying rules also permit ₹50 rural/semi-urban and ₹100 urban/metro minimums for ordinary accounts.
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No premature-penalty charge and no missed-instalment charge under each goal scheme
loan/overdraft up to 95% of outstanding balance is permitted under bank guidelines.
Interest is paid at maturity
nomination available and applies under the Income Tax Act.
interest is reinvested and compounded quarterly. Resident senior citizens receive an additional 0.50% under current guidelines.
Resident senior citizens receive an additional 0.50% over the applicable maturity-period rate
staff/ex-staff presently receive an additional 1.00%, and eligible ex-staff senior citizens receive both additions.
₹1,000 and multiples of ₹100.
No penalty for deposits up to ₹5 lakh kept at least 12 months. Otherwise the applicable or contracted rate (whichever is lower) is reduced by 1%
deposits of ₹1 crore and above require 31 days' notice and a 1.50% penalty.
Quarterly compounding and reinvestment
maturity proceeds are credited to /, with cash below ₹20,000 and /pay order above that where no operative account exists. The deposit may be renewed for one year at the rate applicable on the due date unless instructed otherwise.
12 months minimum and 10 years maximum, in multiples of 3 months.
Interest follows the Bank of India callable domestic/ term-deposit card rate for the selected tenure. For deposits below ₹3 crore, the current published bands are 3.00% (7–45 days), 4.50% (46–90 days), 4.25% (91–179 days), 5.50% (180 days to below 1 year), 6.50% (1 to below 2 years), 6.60% (2 to below 3 years), 6.70% (3 years), 6.25% (above 3 to below 5 years), and 6.00% (5 to 10 years).
For eligible resident senior citizens aged 60 to below 80, the current senior card rates below ₹3 crore are 6.00% for 180 days to below 1 year, 7.00% for 1 to below 2 years, 7.10% for 2 to below 3 years, 7.45% for 3 years, 7.00% for above 3 to below 5 years and 6.75% for 5 to 10 years
senior benefit requires a term of at least 6 months and the Flexi recurring minimum stated by the rate page is ₹1,000.
₹500 and multiples in metro/urban branches
₹100 and multiples in rural/semi-urban branches. There is no upper limit on the core instalment.
For a recurring deposit, delayed instalments attract ₹1.50 per ₹100 per month for deposits up to 5 years and ₹2.00 per ₹100 per month for deposits over 5 years. The current term-deposit penalty schedule separately applies 0.50%below ₹5 lakh before 12 months, nil below ₹5 lakh after 12 months and 1.00% for deposits of ₹5 lakh and above when a term deposit is withdrawn prematurely.
The core instalment is fixed for the selected period
additional flexi instalments are accepted in multiples of the core amount at the applicable rate when deposited.
Interest follows the Bank of India recurring/deposit rate applicable to the selected tenure
the current rate sheet’s callable domestic bands below ₹3 crore are 3.00% (7–45 days), 4.50% (46–90 days), 4.25% (91–179 days), 5.50% (180 days to below 1 year), 6.50% (1 to below 2 years), 6.60% (2 to below 3 years), 6.70% (3 years), 6.25% (above 3 to below 5 years), and 6.00% (5 to 10 years). The recurring page confirms quarterly compounding and tenure multiples of 3 monthsup to 10 years.
For deposits of at least ₹10,000 and below ₹3 crore with a term of 6 months to 10 years, the first account holder aged 60 to below 80 receives the published senior-citizen card rate: 3.00% (7–45 days), 4.50% (46–90 days), 4.25% (91–179 days), 6.00% (180 days to below 1 year), 7.00% (1 to below 2 years), 7.10% (2 to below 3 years), 7.45% (3 years), 7.00% (above 3 to below 5 years), and 6.75% (5 to 10 years). Deposits of 3 years and above receive the stated 0.75% senior uplift over the general card rate
the table is controlling for the published senior rate.
₹500, with instalments in multiples of ₹500
the page also describes a maximum total limit of ₹10 lakh.
₹1.50 per ₹100 per month for periods up to 5 years
₹2 per ₹100 per monthabove 5 years. Advance equal instalments may waive the penalty in the stated circumstances.
/MMD/: 1–10 years. IND Millionaire : 1–10 years in one-year multiples. IND Flexi /: 12–36 months.
term-deposit rates in the reviewed schedule: 6.10% for 1 year
6.20%above 1 to below 2 years
6.15% for 2 to below 3 years
6.05% for 3 to below 5 years
6.00% for 5 years and above. IND Green 500 days6.40%, IND Grow 555 days6.65% and IND Prosper 777 days6.60%.
No additional senior-citizen, staff, ex-staff or ex-staff senior-citizen premium is available on deposits.
No universal opening amount is published on the reviewed /MMD/ page. IND Millionaire targets ₹10 lakh and multiples at maturity
IND Flexi core deposit is ₹1,000–₹1,00,000.
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preclosure follows the published rule: up to ₹5 lakh no penalty (unless below the minimum period, when no interest is payable)
above ₹5 lakh, applicable card rate less 1.00% p.a. For term deposits with a loan, preclosure is unavailable. Flexi has the separate ₹5 lakh/181-day rules published on its page.
/MMD/ maturity and interest are freely repatriable
Millionaire maturity is credited to linked /
Flexi interest uses the lowest balance from the 10th to month-end and is nil for but applies to under current rules.
/MMD/: 1–10 years. IND Millionaire : 1–10 years in one-year multiples. IND Flexi /: 12–36 months.
term-deposit rates in the reviewed schedule: 6.10% for 1 year
6.20%above 1 to below 2 years
6.15% for 2 to below 3 years
6.05% for 3 to below 5 years
6.00% for 5 years and above. IND Green 500 days6.40%, IND Grow 555 days6.65% and IND Prosper 777 days6.60%.
No additional senior-citizen, staff, ex-staff or ex-staff senior-citizen premium is available on deposits.
No universal opening amount is published on the reviewed /MMD/ page. IND Millionaire targets ₹10 lakh and multiples at maturity
IND Flexi core deposit is ₹1,000–₹1,00,000.
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preclosure follows the published rule: up to ₹5 lakh no penalty (unless below the minimum period, when no interest is payable)
above ₹5 lakh, applicable card rate less 1.00% p.a. For term deposits with a loan, preclosure is unavailable. Flexi has the separate ₹5 lakh/181-day rules published on its page.
/MMD/ maturity and interest are freely repatriable
Millionaire maturity is credited to linked /
Flexi interest uses the lowest balance from the 10th to month-end and is nil for but applies to under current rules.
/MMD/: 1–10 years. IND Millionaire : 1–10 years in one-year multiples. IND Flexi /: 12–36 months.
term-deposit rates in the reviewed schedule: 6.10% for 1 year
6.20%above 1 to below 2 years
6.15% for 2 to below 3 years
6.05% for 3 to below 5 years
6.00% for 5 years and above. IND Green 500 days6.40%, IND Grow 555 days6.65% and IND Prosper 777 days6.60%.
No additional senior-citizen, staff, ex-staff or ex-staff senior-citizen premium is available on deposits.
No universal opening amount is published on the reviewed /MMD/ page. IND Millionaire targets ₹10 lakh and multiples at maturity
IND Flexi core deposit is ₹1,000–₹1,00,000.
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preclosure follows the published rule: up to ₹5 lakh no penalty (unless below the minimum period, when no interest is payable)
above ₹5 lakh, applicable card rate less 1.00% p.a. For term deposits with a loan, preclosure is unavailable. Flexi has the separate ₹5 lakh/181-day rules published on its page.
/MMD/ maturity and interest are freely repatriable
Millionaire maturity is credited to linked /
Flexi interest uses the lowest balance from the 10th to month-end and is nil for but applies to under current rules.
Recurring Deposit: minimum 6 months and normally maximum 10 years in three-month multiples. Variable Recurring Deposit: fixed 3-year term.
Rate follows Indian Bank's current deposit-rate schedule by product, tenor and customer category. The reviewed schedule publishes domestic retail term-deposit card rates from 2.80% to 6.80% p.a. and savings rates from 2.50% to 2.80% p.a.
exact applicable rate must be selected by tenor at booking.
Additional 0.50% p.a. for eligible senior citizens
the current rate schedule applies the published aggregate ceiling and excludes stated /Capital Gains exceptions.
Recurring Deposit: monthly ₹100 and multiples thereof. Variable Recurring Deposit: initial ₹500 or multiples of ₹100up to ₹1 lakh
later instalments can reach ₹10 lakh per month.
Loan, nomination and foreclosure are available. foreclosure attracts a term-deposit penalty
VRD has a foreclosure penalty but no penal interest for delayed instalments.
Quarterly compounding
maturity or foreclosure proceeds follow the applicable term-deposit rate and rules.
Recurring Deposit: minimum 6 months and normally maximum 10 years in three-month multiples. Variable Recurring Deposit: fixed 3-year term.
Rate follows Indian Bank's current deposit-rate schedule by product, tenor and customer category. The reviewed schedule publishes domestic retail term-deposit card rates from 2.80% to 6.80% p.a. and savings rates from 2.50% to 2.80% p.a.
exact applicable rate must be selected by tenor at booking.
Additional 0.50% p.a. for eligible senior citizens
the current rate schedule applies the published aggregate ceiling and excludes stated /Capital Gains exceptions.
Recurring Deposit: monthly ₹100 and multiples thereof. Variable Recurring Deposit: initial ₹500 or multiples of ₹100up to ₹1 lakh
later instalments can reach ₹10 lakh per month.
Loan, nomination and foreclosure are available. foreclosure attracts a term-deposit penalty
VRD has a foreclosure penalty but no penal interest for delayed instalments.
Quarterly compounding
maturity or foreclosure proceeds follow the applicable term-deposit rate and rules.
The dated illustration uses 6.55% p.a. for general-public 3–4-year examples and 6.30% p.a. for 5–10-year examples
the corresponding senior-citizen examples use 7.05% and 6.80%. These are illustrative rates from the 11 November 2025 chart and may change.
For retail deposits below ₹3 crore, the senior-citizen rate is 3.55% for 7–45 days, 5.40% for 46–179 days, 6.15% for 180–210 days, 6.40% for 211 days to under 1 year, 6.75% for 1 to under 2 years, 6.90% for 2 to under 3 years, 6.80% for 3 to under 5 years, and 7.05% for 5 to 10 years. Rates are effective 15 December 2025
the 5–10-year rate includes the 50-basis-point We-care premium.
Monthly instalments are pre-calculated from the selected ₹1 lakh (or multiple) maturity target and 3–10-year tenor
the page does not publish one universal minimum instalment.
0.50% for principal payment up to ₹5 lakh and 1%above ₹5 lakh
the payable rate is the lower of the elapsed-period rate or contracted rate after the applicable reduction, and no interest is paid if held under 7 days
The published monthly-instalment and interest tables were last updated 11 November 2025 and are illustrative, not a current quote.
0.50% for principal up to ₹5 lakh and 1%above ₹5 lakh, for all tenors
no interest if the deposit remains for less than 7 days
Credit proceeds to a savings or current account, issue an IOI, or issue an
Green marks the most favourable compatible published number or range in each column; incomparable units and overlapping range trade-offs remain neutral. It does not account for eligibility, service, exclusions or personal suitability.
bob Crorepati - A Recurring Deposit SchemeBank of Baroda
