Bank of Baroda Term Deposit Rates
Compare the latest Bank of Baroda term deposit (fixed deposit) interest rates, updated daily. Estimate your returns with our term deposit calculator or see how Bank of Baroda stacks up against every major NZ bank.
Bank of Baroda Rates
| Product Details | 1 month ↕ | 3 months ↕ | 4 months ↕ | 5 months ↕ | 6 months ↕ | 9 months ↕ | 12 mths ↕ | 18 mths ↕ | 2 years ↕ | 3 years ↕ | 4 years ↕ | 5 years ↕ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 Bank of Baroda Rating: BBB- Min Deposit: $1,000 | 2.00% | 3.00% | 3.10% | 3.25% | 3.50% | 3.50% | 3.80% | 3.90% | 4.10% | 4.40% | 4.60% | 4.80% |
Bank of Baroda Freedom 60 Rates
| Product Details | 1 month ↕ | 3 months ↕ | 4 months ↕ | 5 months ↕ | 6 months ↕ | 9 months ↕ | 12 mths ↕ | 18 mths ↕ | 2 years ↕ | 3 years ↕ | 4 years ↕ | 5 years ↕ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bank of Baroda Freedom 60 Rating: BBB- Min Deposit: $1,000 | 2.10% | 3.10% | 3.20% | 3.35% | 3.60% | 3.60% | 3.90% | 4.00% | 4.20% | 4.50% | 4.70% | 4.90% |
Last updated: July 05, 2026 at 06:29 AM
Bank of Baroda term deposit rates in New Zealand
Bank of Baroda (New Zealand) Limited is the local subsidiary of Bank of Baroda, one of India’s largest state-owned banks. Established to bring that international banking heritage to the New Zealand market, it operates as a registered bank and has built a strong following within the local Indian-New Zealander community. Its term deposit offering sits alongside everyday deposit accounts, giving savers a fixed return over a chosen period. You can compare all major NZ banks in the rates table above to see where Bank of Baroda currently sits.
How to read Bank of Baroda’s rates table
The table above lists Bank of Baroda’s published term deposit rates by term length, shown as an annual percentage rate. Read each row as a pairing of a term (for example six months, one year, or longer) and the corresponding interest rate. Rates shift over time, so the figures reflect the most recent scrape rather than a guaranteed offer. Always confirm the live rate and any conditions directly with the bank before committing funds.
Interest payment and compounding options
Like most registered banks, Bank of Baroda generally lets you choose how interest on a fixed deposit is paid. Common arrangements include interest paid at maturity, or periodic payments such as monthly, quarterly or annually for those wanting regular income. Where interest is left to accumulate, compounding can lift the effective return over a longer term. The exact options and frequencies available will be set out in the bank’s product terms, so check with Bank of Baroda for what applies to your fixed-term deposit.
Minimum deposits and early withdrawal
Term deposits usually require a minimum opening amount, and a fixed-term deposit is designed to stay invested for the full agreed period. Withdrawing early is typically possible only with notice and may reduce the interest you earn or attract a break adjustment. Because these thresholds and conditions can change, confirm the current minimum deposit and any early-access rules with Bank of Baroda rather than relying on a fixed figure here.
What drives Bank of Baroda’s rate changes
Term deposit rates at Bank of Baroda move in response to the same forces that affect other NZ banks:
- RBNZ Official Cash Rate: Reserve Bank decisions feed through to wholesale and deposit rates.
- Market competition: rates are set partly to stay competitive against other registered banks.
- Funding costs: the bank’s own cost of attracting and holding deposits influences what it can offer.
- Economic conditions: domestic inflation and the broader outlook shape the rate environment.
How Bank of Baroda compares
When weighing Bank of Baroda against the wider market, look at how its rates stack up across the terms you are considering, and factor in the appeal of dealing with a bank backed by a large international parent. You can estimate your returns using the calculator to model different terms and amounts side by side. Retirees and older savers comparing income options may also find the dedicated term deposit rates for seniors page useful when shortlisting providers.
Risks and considerations
A term deposit offers a known return, but a few points are worth keeping in mind. Locking in a rate gives certainty yet may mean missing out if rates rise during your term. Inflation can erode real returns where it outpaces the interest earned. Funds are committed for the term, with limited and potentially penalised early access. Deposit-protection arrangements in New Zealand continue to evolve, so check the current scheme settings as they apply to Bank of Baroda. None of the above is financial advice or a guarantee of any rate or outcome; verify all specifics with the bank before investing.
Bank of Baroda Term Deposit FAQs
What are the current Bank of Baroda term deposit rates?
The Bank of Baroda term deposit interest rates shown above are refreshed daily from published market data so you can compare them at a glance. Rates change frequently, so confirm the current rate and any conditions directly with Bank of Baroda before investing.
Does Bank of Baroda offer special term deposit rates for seniors?
Some New Zealand banks promote term deposit rates aimed at seniors or retirees, while others apply the same rates to all customers. The rates listed here are the standard published rates — contact Bank of Baroda to ask about any seniors, retiree or over-65 offers and eligibility.
Is a Bank of Baroda term deposit the same as a fixed deposit?
Yes. A term deposit is also called a fixed deposit or fixed-term deposit — money is locked in for a set period at a fixed interest rate. Bank of Baroda uses the term "term deposit", but the product works the same way as a fixed deposit.
What is the minimum deposit for a Bank of Baroda term deposit?
Minimum deposit requirements vary by product and term. Where a minimum is published it appears in the rates table above. Confirm the current minimum (and any maximum) directly with Bank of Baroda.
How is interest paid on a Bank of Baroda term deposit?
Most New Zealand banks let you choose when interest is paid — monthly, quarterly, annually, or at maturity — and some offer compounding. The frequency you choose can affect your overall return. Check the options Bank of Baroda offers for your chosen term.
What happens if I break a Bank of Baroda term deposit early?
Term deposits are designed to be held to maturity. Withdrawing early usually means a reduced interest rate, loss of accrued interest, and sometimes a notice period or fee. Ask Bank of Baroda for its current early-withdrawal conditions before you commit.
How is Bank of Baroda term deposit interest taxed in New Zealand?
Interest is taxable income. Bank of Baroda deducts Resident Withholding Tax (RWT) at the rate tied to your IRD number; PIE term deposits are instead taxed at your Prescribed Investor Rate (capped at 28%). Give the bank your correct tax details and consult IRD or a tax adviser for your situation.