Bank of Baroda Fixed Deposit (FD) schemes continue to attract investors in 2026 due to their safety, stable returns, and government-backed reliability. With interest rates going up to around 7% and additional benefits for senior citizens, FD remains a strong option for risk-free investment.
If you are planning to invest ₹6 lakh, here’s how much you can earn and what you need to know.
Latest FD Interest Rates 2026
Bank of Baroda offers competitive interest rates based on tenure:
- General investors: around 3.50% to 6.45% per annum
- Senior citizens: up to 7.00% per annum
- Extra benefit: 0.50% higher interest for senior citizens
Rates may vary slightly depending on tenure and special schemes.
₹6 Lakh FD Return (Realistic Estimate)
Let’s understand with an example:
- Investment: ₹6,00,000
- Interest rate: ~7%
- Tenure: 5 years
Estimated Maturity Amount:
- Total amount: approx ₹8.3 lakh – ₹8.6 lakh
- Total interest earned: around ₹2.3 lakh – ₹2.6 lakh
This makes FD a reliable option for steady long-term growth.
Senior Citizen Extra Benefits
Senior citizens get additional advantages:
- Higher interest rates than regular investors
- Better returns on long-term deposits
- Stable income option for retirement
This makes FD one of the most preferred investment choices for retirees.
Why Bank of Baroda FD Is Popular
- Safe and secure investment
- Guaranteed returns
- Flexible tenure from 7 days to 10 years
- Loan facility available
- Easy account opening process
These features make it suitable for both short-term and long-term investors.
Important Points Before Investing
- Interest earned is taxable
- TDS may be deducted as per rules
- Rates can change over time
- Choose tenure carefully for maximum benefit
Final Verdict
Bank of Baroda FD in 2026 offers a strong combination of safety, stable returns, and additional benefits for senior citizens. A ₹6 lakh investment can generate solid returns over time, making it a reliable option for conservative investors.
For those looking to grow savings without market risk, this FD remains one of the best choices.