IndiaBanks.org · independent research

Fixed & recurring deposits

bob Millionaire - A Recurring Deposit Scheme

Invest in your future with Bank of Baroda

Interest rateCompounded quarterly and paid on maturity; senior-citizen and staff additions 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rateResident senior citizens receive an additional interest rate under the bank's current RD guidelines; the goal pages do not publish a standalone percentage, while their tables show separate senior-citizen maturity illustrations.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, with monthly instalments; maturity is one month after the last instalment or the due date, whichever is later.
Official product page ↗Compare category

Quick eligibility check

bob Millionaire - 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.

1Does your age meet this requirement: Individuals, joint holders, minors aged 10+ (including guardian accounts), and registered clubs, associations, educational institutions, partnerships and companies for genuine savings?

Published source: Eligibility

2Do you meet this requirement: NRE deposits are excluded?

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, with monthly instalments; maturity is one month after the last instalment or the due date, whichever is later.View source
The official feature tables publish the common tenure and maturity timing.
Source
bob Millionaire and bob Crorepati recurring deposits
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 at maturity; nomination available and TDS applies under the Income Tax Act.View source
The official feature tables specify maturity payout, nomination and .
Source
bob Millionaire and bob Crorepati recurring deposits
Page / section
Features — Interest / Nomination /
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
EligibilityIndividuals, joint holders, minors aged 10+ (including guardian accounts), and registered clubs, associations, educational institutions, partnerships and companies for genuine savings; NRE deposits are excluded.View source
The official scheme pages publish shared eligibility and exclusion.
Source
bob Millionaire and bob Crorepati recurring deposits
Page / section
Features — Eligibility
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
Interest rateCompounded quarterly and paid on maturity; senior-citizen and staff additions follow current RD guidelines.View source
The official pages state quarterly compounding and guideline-based add-ons.
Source
bob Millionaire and bob Crorepati recurring deposits
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 each goal scheme; loan/overdraft up to 95% of outstanding balance is permitted under bank guidelines.View source
The official pages publish the charge reimbursements and 95% advance limit.
Source
bob Millionaire and bob Crorepati recurring deposits
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 aged 10+ (including guardian accounts), and registered clubs, associations, educational institutions, partnerships and companies for genuine savings
  • deposits are excluded.

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

Related official documents

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

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

Recurring-deposit estimate

See how much the deposit may be worth at the end. You can change the bank's published rate to test another case.

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.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

₹10,000 · General tenor84 months

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

Source: bob Millionaire — 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 Millionaire — published maturity illustrationsAll rows from the official Millionaire benefits table.View tableHide table

Scroll sideways to view every column

bob Millionaire — published maturity illustrations
Monthly amountGeneral tenorGeneral maturitySenior-citizen tenorSenior-citizen maturity
₹10,00084 months₹10,44,77281 months₹10,17,609
₹15,00057 months₹10,00,57557 months₹10,13,155
₹20,00045 months₹10,18,87145 months₹10,28,911
₹25,00039 months₹10,85,75636 months₹10,01,862
₹30,00033 months₹10,86,10933 months₹10,93,927
  • applies to the maturity amount; T&C apply.
bob Millionaire — A Recurring Deposit Scheme · Benefits — maturity table · accessed 29 Aug 2026Open official source ↗

More from Bank of Baroda

Related products

Atal Pension Yojana

Atal Pension Yojana is a Government of India guaranteed pension scheme distributed by Bank of Baroda. An eligible Indian citizen aged 18–40 contributes until age 60 and chooses a guaranteed monthly pension of ₹1,000, ₹2,000, ₹3,000, ₹4,000 or ₹5,000; the applicable contribution depends on entry age and payment frequency.

View product

bob Advantage Fixed Deposits (Non- Callable)

A high-value domestic non-callable fixed deposit for ₹1,00,01,000 and above, offering differential interest over normal in exchange for no premature withdrawal.

View product

bob Crorepati - A Recurring Deposit Scheme

Explore the Crorepati Recurring Deposit Scheme for high returns and guaranteed financial growth. Start saving now and begin your journey to becoming a crorepati with the Bank of Baroda.

View product

bob earth Green Term Deposit

bob earth Green Term Deposit

View product