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Fixed & recurring deposits

bob Lakhpati - A Recurring Deposit Scheme

Start your systematic savings journey with Bank of Baroda

Interest rateCompounded quarterly and paid at maturity; resident senior-citizen and eligible staff add-ons follow current RD guidelines.Senior-citizen rateResident senior citizens receive an additional interest rate under the bank's current RD guidelines; the goal pages do not publish a standalone percentage, while their tables show separate senior-citizen maturity illustrations.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 MITC wording.Tenure6–120 months in eligible multiples (6, 9, 12, 15, 18, 21, 24 … 120); maturity is one month after the last instalment or the due date, whichever is later.
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Quick eligibility check

bob Lakhpati - A Recurring Deposit Scheme

0 of 2 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: Individuals, joint holders, minors under bank rules, and registered clubs, associations, educational institutions, partnerships and companies for genuine savings?

Published source: Eligibility

2Do you meet this requirement: not available for NRE deposits?

Published source: Eligibility
0 of 2 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 30 Aug 2026 · active
Offered byBank of Baroda

India; eligibility, branch and channel availability follow the official product terms

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Tenure6–120 months in eligible multiples (6, 9, 12, 15, 18, 21, 24 … 120); maturity is one month after the last instalment or the due date, whichever is later.View source
The official page publishes the duration range and maturity timing.
Source
bob Lakhpati - A Recurring Deposit Scheme
Page / section
Features — Duration / Maturity
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
Monthly instalmentGoal schemes use the illustrated ₹1,000–₹3,000 (Lakhpati) or ₹10,000–₹30,000 (Millionaire) monthly instalments; the underlying SDP rules also permit ₹50 rural/semi-urban and ₹100 urban/metro minimums for ordinary accounts.View source
The pages show goal-specific instalments while their feature tables publish the ordinary minimum and multiples.
Source
bob Lakhpati and bob Millionaire recurring-deposit pages
Page / section
Benefits / Features — Amount of and Instalment Amount
Accessed
29 Aug 2026
Confidence
high
Open official source ↗
PayoutInterest is paid on maturity; nomination available and TDS applies to interest/maturity as per the Income Tax Act.View source
The official feature table specifies maturity payout, nomination and .
Source
bob Lakhpati - A Recurring Deposit Scheme
Page / section
Features — Interest / Nomination /
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
EligibilityIndividuals, joint holders, minors under bank rules, and registered clubs, associations, educational institutions, partnerships and companies for genuine savings; not available for NRE deposits.View source
The official page lists eligible customer types and exclusion.
Source
bob Lakhpati - A Recurring Deposit Scheme
Page / section
Features — Eligibility
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
Interest rateCompounded quarterly and paid at maturity; resident senior-citizen and eligible staff add-ons follow current RD guidelines.View source
The official page states quarterly compounding and guideline-based add-ons.
Source
bob Lakhpati - A Recurring Deposit Scheme
Page / section
Features — Rate of interest
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
Early closure / loanNo premature-penalty charge and no missed-instalment charge under this scheme; loan/overdraft up to 95% of outstanding balance is permitted under bank guidelines.View source
The official page publishes charge reimbursements and the 95% advance limit.
Source
bob Lakhpati - A Recurring Deposit Scheme
Page / section
Interest Rates & Charges / Features
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
Published maturity illustrationsThe page publishes five goal illustrations for monthly instalments and the corresponding general-customer and senior-citizen maturity tenures and amounts; TDS applies to the maturity amount.View source
The Lakhpati and Millionaire pages publish the five-row general/senior maturity tables and state that applies.
Source
bob Lakhpati and bob Millionaire recurring-deposit pages
Page / section
Benefits — maturity amount tables
Accessed
29 Aug 2026
Confidence
high
Open official source ↗
Senior-citizen rateResident senior citizens receive an additional interest rate under the bank's current RD 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 MITC wording.View source
The pages state guideline-based senior additions and publish the ₹3 crore eligibility ceiling, but no numeric add-on.
Source
bob Lakhpati and bob Millionaire recurring-deposit pages
Page / section
Features — Rate of Interest; — Resident Senior Citizen
Accessed
29 Aug 2026
Confidence
high
Open official source ↗

Eligibility

  • Individuals, joint holders, minors under bank rules, and registered clubs, associations, educational institutions, partnerships and companies for genuine savings
  • not available for deposits.

Passing a listed condition does not mean the bank will approve an application.

Related official documents

bob Lakhpati — A Recurring Deposit Scheme — official product pageofficial-product-page · current · accessed 29 Aug 2026
↗

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Recurring-deposit estimate

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Money at maturity₹3,55,284three lakh fifty-five thousand two hundred eighty-four rupees
Money you put in₹3,00,000three lakh rupees
Interest earned₹55,284fifty-five thousand two hundred eighty-four rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

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₹1,000 · General tenor84 months

This value is copied from bob Lakhpati — published maturity illustrations. Check the table notes before relying on it.

Source: bob Lakhpati — A Recurring Deposit Scheme · Benefits — maturity table Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 5 rows · 5 columnsbob Lakhpati — published maturity illustrationsAll rows from the official Lakhpati benefits table.View tableHide table

Scroll sideways to view every column

bob Lakhpati — published maturity illustrations
Monthly amountGeneral tenorGeneral maturitySenior-citizen tenorSenior-citizen maturity
₹1,00084 months₹1,04,47781 months₹1,01,761
₹1,50057 months₹1,00,05757 months₹1,01,315
₹2,00045 months₹1,01,88745 months₹1,02,891
₹2,50039 months₹1,08,57636 months₹1,00,343
₹3,00033 months₹1,08,61133 months₹1,09,393
  • applies to the maturity amount; T&C apply.
bob Lakhpati — A Recurring Deposit Scheme · Benefits — maturity table · accessed 29 Aug 2026Open official source ↗

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