
{"id":16861,"date":"2026-10-31T12:01:55","date_gmt":"2026-10-31T06:31:55","guid":{"rendered":"https:\/\/goldenpi.com\/blog\/?p=16861"},"modified":"2026-10-31T12:01:56","modified_gmt":"2026-10-31T06:31:56","slug":"bank-of-baroda-bonds-yields-safety-and-ratings","status":"publish","type":"post","link":"https:\/\/goldenpi.com\/blog\/guide\/bank-of-baroda-bonds-yields-safety-and-ratings\/","title":{"rendered":"Bank of Baroda Bonds Explained: Yields, Safety, and Ratings"},"content":{"rendered":"<div class=\"gpi-custom-widget-box\" style=\"border-left-color: #0066cc; background-color: #f0f7ff;\">\n<div class=\"gpi-custom-widget-title\" style=\"color: #0066cc;\">\ud83d\udcdd Quick Summary:<\/div>\n<h2 class=\"gpi-custom-widget-h2-content\"><span class=\"ez-toc-section\" id=\"Bank_of_Baroda_issues_several_types_of_bonds_each_with_a_different_level_of_safety_This_guide_explains_senior_infrastructure_bonds_Tier_2_bonds_and_AT1_bonds_along_with_how_to_recover_money_from_old_or_unclaimed_bonds\"><\/span><strong>Bank of Baroda issues several types of bonds, each with a different level of safety. This guide explains senior infrastructure bonds, Tier 2 bonds, and AT1 bonds, along with how to recover money from old or unclaimed bonds.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/div>\n\n\n<p>Bank of Baroda is a large public-sector bank, so its bonds are often seen as relatively safe. But not every Bank of Baroda bond is equally safe. A senior bond is different from a Tier 2 or AT1 bond, even if they come from the same bank. The higher return on some bonds is usually payment for taking on extra risk.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/goldenpi.com\/blog\/guide\/bank-of-baroda-bonds-yields-safety-and-ratings\/#Bank_of_Baroda_issues_several_types_of_bonds_each_with_a_different_level_of_safety_This_guide_explains_senior_infrastructure_bonds_Tier_2_bonds_and_AT1_bonds_along_with_how_to_recover_money_from_old_or_unclaimed_bonds\" >Bank of Baroda issues several types of bonds, each with a different level of safety. This guide explains senior infrastructure bonds, Tier 2 bonds, and AT1 bonds, along with how to recover money from old or unclaimed bonds.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/goldenpi.com\/blog\/guide\/bank-of-baroda-bonds-yields-safety-and-ratings\/#Old_Bank_of_Baroda_Bonds_and_Unclaimed_Money\" >Old Bank of Baroda Bonds and Unclaimed Money<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/goldenpi.com\/blog\/guide\/bank-of-baroda-bonds-yields-safety-and-ratings\/#Bank_of_Baroda_Bond_Types_at_a_Glance\" >Bank of Baroda Bond Types at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/goldenpi.com\/blog\/guide\/bank-of-baroda-bonds-yields-safety-and-ratings\/#The_Modern_Bank_of_Baroda_Debt_Spectrum\" >The Modern Bank of Baroda Debt Spectrum<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/goldenpi.com\/blog\/guide\/bank-of-baroda-bonds-yields-safety-and-ratings\/#Bank_of_Baroda_Senior_Infrastructure_Bonds\" >Bank of Baroda Senior Infrastructure Bonds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/goldenpi.com\/blog\/guide\/bank-of-baroda-bonds-yields-safety-and-ratings\/#Bank_of_Baroda_Tier_2_Bonds\" >Bank of Baroda Tier 2 Bonds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/goldenpi.com\/blog\/guide\/bank-of-baroda-bonds-yields-safety-and-ratings\/#Bank_of_Baroda_AT1_Bonds_and_the_PONV_Walkthrough\" >Bank of Baroda AT1 Bonds and the PONV Walkthrough<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/goldenpi.com\/blog\/guide\/bank-of-baroda-bonds-yields-safety-and-ratings\/#How_to_Buy_and_Tax\" >How to Buy and Tax<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/goldenpi.com\/blog\/guide\/bank-of-baroda-bonds-yields-safety-and-ratings\/#Which_Bank_of_Baroda_Bond_Fits\" >Which Bank of Baroda Bond Fits?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/goldenpi.com\/blog\/guide\/bank-of-baroda-bonds-yields-safety-and-ratings\/#Bank_of_Baroda_FAQs\" >Bank of Baroda FAQs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/goldenpi.com\/blog\/guide\/bank-of-baroda-bonds-yields-safety-and-ratings\/#Disclaimer\" >Disclaimer<\/a><\/li><\/ul><\/nav><\/div>\n\n\n\n\n<p>Bank of Baroda bonds come in different types: senior infrastructure bonds, Tier 2 bonds, and <a href=\"https:\/\/goldenpi.com\/blog\/essentials\/at1-bonds-a-kind-of-contingent-convertible-bonds\/\" type=\"post\" id=\"7129\">AT1 bonds<\/a>. Each offers a different mix of return, safety, and risk.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Old_Bank_of_Baroda_Bonds_and_Unclaimed_Money\"><\/span><strong>Old Bank of Baroda Bonds and Unclaimed Money<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>If you hold an older Bank of Baroda bond, first check whether it is held in demat form or as a physical certificate. Also make sure your registered bank account, mobile number, and email are up to date.<\/p>\n\n\n\n<p>For demat holdings, interest and repayment amounts are usually sent directly to your registered bank account. So, keeping those details updated is the first step. If you have a physical certificate, contact the registrar or Bank of Baroda\u2019s investor-support team with the certificate and your ID documents. If the certificate is lost, ask the registrar what documents and process it requires for a duplicate certificate.<\/p>\n\n\n\n<p>If interest or repayment money remains unclaimed for seven years, it may be moved to the Investor Education and Protection Fund, or IEPF. Bank of Baroda publishes a list of unclaimed bond amounts, including money still waiting to be transferred and money already moved to the IEPF. Investors can claim this money by filing Form IEPF-5 on the IEPF website. For physical bonds, the original certificate and identity documents are usually needed.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bank_of_Baroda_Bond_Types_at_a_Glance\"><\/span><strong>Bank of Baroda Bond Types at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><div class=\"pcrstb-wrap\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Instrument<\/strong><\/td><td><strong>Issuer<\/strong><\/td><td><strong>Indicative yield\/coupon<\/strong><\/td><td><strong>Rating<\/strong><\/td><td><strong>Main thing to know<\/strong><\/td><\/tr><tr><td>Senior infrastructure bonds<\/td><td>Bank of Baroda<\/td><td>7.26% coupon on the 2034 bond; market yield changes daily<\/td><td>CRISIL AAA\/Stable<\/td><td>Simplest and safest of the three; no PONV write-down risk. nseindia+1<\/td><\/tr><tr><td>Tier 2 bonds<\/td><td>Bank of Baroda<\/td><td>Examples: 7.75% to 2034; 7.84% to 2035<\/td><td>CARE AAA\/Stable<\/td><td>Paid after senior bondholders; PONV write-down risk.<\/td><\/tr><tr><td>AT1 bonds<\/td><td>Bank of Baroda<\/td><td>Example: 8.25% coupon on the perpetual 2020 bond<\/td><td>AA+ (ICRA\/CRISIL)<\/td><td>No fixed maturity; interest can be skipped; highest write-down risk.<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Modern_Bank_of_Baroda_Debt_Spectrum\"><\/span><strong>The Modern Bank of Baroda Debt Spectrum<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Bank of Baroda\u2019s current bonds fall into three broad groups:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Senior infrastructure bonds:<\/strong> The simplest and usually safest type.<\/li>\n\n\n\n<li><strong>Tier 2 bonds:<\/strong> These rank below senior bonds if the bank runs into serious trouble.<\/li>\n\n\n\n<li><strong>AT1 bonds:<\/strong> These are the riskiest type and can be written down if the bank becomes non-viable.<\/li>\n<\/ul>\n\n\n\n<p>Recent ratings show this difference. CARE rates Bank of Baroda\u2019s Tier 2 bonds AAA (Stable), while ICRA rates its AT1 bonds AA+ (Stable). In simple terms, AAA is a higher safety rating than AA+.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bank_of_Baroda_Senior_Infrastructure_Bonds\"><\/span><strong>Bank of Baroda Senior Infrastructure Bonds<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Senior infrastructure bonds are regular bank bonds. They sit ahead of Tier 2 and AT1 bonds if the bank is wound up. They also do not have the special \u201cwrite-down\u201d rule that applies to AT1 bonds. Like other bank infrastructure bonds, they must have a minimum maturity of seven years under RBI rules.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Latest Bond Updates:<\/h3>\n\n\n<ul class=\"wp-block-latest-posts__list is-grid columns-3 has-dates wp-block-latest-posts\"><li><div class=\"wp-block-latest-posts__featured-image aligncenter\"><a href=\"https:\/\/goldenpi.com\/blog\/guide\/guaranteed-bonds-in-india\/\" aria-label=\"Guaranteed Bonds in India: How They Work, Key Risks, and What to Check\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31143422\/Guaranteed-Bonds-in-India-1024x576.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"Guaranteed Bonds in India\" style=\"\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31143422\/Guaranteed-Bonds-in-India-1024x576.jpg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31143422\/Guaranteed-Bonds-in-India-300x169.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31143422\/Guaranteed-Bonds-in-India-768x432.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31143422\/Guaranteed-Bonds-in-India-1536x864.jpg 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31143422\/Guaranteed-Bonds-in-India.jpg 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/goldenpi.com\/blog\/guide\/guaranteed-bonds-in-india\/\">Guaranteed Bonds in India: How They Work, Key Risks, and What to Check<\/a><time datetime=\"2026-10-31T14:35:39+05:30\" class=\"wp-block-latest-posts__post-date\">October 31, 2026<\/time><\/li>\n<li><div class=\"wp-block-latest-posts__featured-image aligncenter\"><a href=\"https:\/\/goldenpi.com\/blog\/bond-news\/patna-municipal-bonds-200-crore-issue-and-bihars-market-debut\/\" aria-label=\"Patna Municipal Bonds: \u20b9200 Crore Raise Marks Bihar\u2019s Debut in India\u2019s Civic Debt Market\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31142355\/Patna-Municipal-Bonds-1024x576.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"Patna Municipal Bonds\" style=\"\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31142355\/Patna-Municipal-Bonds-1024x576.jpg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31142355\/Patna-Municipal-Bonds-300x169.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31142355\/Patna-Municipal-Bonds-768x432.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31142355\/Patna-Municipal-Bonds-1536x864.jpg 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31142355\/Patna-Municipal-Bonds.jpg 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/patna-municipal-bonds-200-crore-issue-and-bihars-market-debut\/\">Patna Municipal Bonds: \u20b9200 Crore Raise Marks Bihar\u2019s Debut in India\u2019s Civic Debt Market<\/a><time datetime=\"2026-10-31T14:24:54+05:30\" class=\"wp-block-latest-posts__post-date\">October 31, 2026<\/time><\/li>\n<li><div class=\"wp-block-latest-posts__featured-image aligncenter\"><a href=\"https:\/\/goldenpi.com\/blog\/bond-news\/foreign-holdings-of-indias-index-linked-bonds-hit-4-month-low\/\" aria-label=\"Foreign Holdings of India\u2019s Index-Linked Bonds Hit 4-Month Low as Oil and Rate Fears Mount\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31131407\/Foreign-Holdings-of-Indias-Index-Linked-Bonds-1024x576.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"Foreign Holdings of India\u2019s Index-Linked Bonds\" style=\"\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31131407\/Foreign-Holdings-of-Indias-Index-Linked-Bonds-1024x576.jpg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31131407\/Foreign-Holdings-of-Indias-Index-Linked-Bonds-300x169.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31131407\/Foreign-Holdings-of-Indias-Index-Linked-Bonds-768x432.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31131407\/Foreign-Holdings-of-Indias-Index-Linked-Bonds-1536x864.jpg 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31131407\/Foreign-Holdings-of-Indias-Index-Linked-Bonds.jpg 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/foreign-holdings-of-indias-index-linked-bonds-hit-4-month-low\/\">Foreign Holdings of India\u2019s Index-Linked Bonds Hit 4-Month Low as Oil and Rate Fears Mount<\/a><time datetime=\"2026-10-31T13:10:45+05:30\" class=\"wp-block-latest-posts__post-date\">October 31, 2026<\/time><\/li>\n<\/ul>\n\n\n<p>One example is Bank of Baroda\u2019s 7.26% bond, ISIN INE028A08356. It was issued on 9 September 2024 and matures on 9 September 2034. It has a face value of \u20b91 lakh, pays interest once a year, and carries a CRISIL AAA\/Stable rating.<\/p>\n\n\n\n<p>If you buy this bond in the market today, do not look only at the 7.26% coupon. Check the yield; the return you will actually earn if you buy at today\u2019s price and hold it until maturity.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bank_of_Baroda_Tier_2_Bonds\"><\/span><strong>Bank of Baroda Tier 2 Bonds<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Tier 2 bonds are subordinated bonds. In simple words, if the bank is wound up, senior bondholders and depositors are paid before Tier 2 bondholders.<\/p>\n\n\n\n<p>These bonds also have a Point of Non-Viability (PONV) rule. If the RBI decides that the bank cannot survive without emergency support, Tier 2 bonds can be written down or converted into shares. This is a rare but serious risk.<\/p>\n\n\n\n<p>CARE rates Bank of Baroda\u2019s Tier 2 bonds AAA (Stable). Examples include a 7.75% bond maturing in 2034 and a 7.84% bond maturing in 2035. A high rating is reassuring, but it does not remove the extra risks of Tier 2 bonds. Always check the details of the exact bond you are buying.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bank_of_Baroda_AT1_Bonds_and_the_PONV_Walkthrough\"><\/span><strong>Bank of Baroda AT1 Bonds and the PONV Walkthrough<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>AT1 bonds are the most complicated type of bank bond. They are also called Additional Tier 1 bonds. Unlike normal bonds, they do not have a fixed maturity date.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>No fixed end date:<\/strong> AT1 bonds are perpetual, meaning they do not have a fixed maturity date. The bank may have a call option to repay them early, but if it does not, investors usually have to sell in the market to exit.<\/li>\n\n\n\n<li><strong>Interest can be skipped:<\/strong> The bank can choose not to pay interest in some situations without this being called a default.<\/li>\n\n\n\n<li><strong>Write-down risk:<\/strong> If the RBI says the bank is not viable, AT1 bonds can be written down fully or partly, or converted into shares. This can happen before senior bondholders and Tier 2 bondholders face losses.<\/li>\n\n\n\n<li><strong>Lower rating:<\/strong> ICRA rates Bank of Baroda\u2019s AT1 bonds AA+ (Stable), and CRISIL has also rated the bank\u2019s AT1 paper AA+\/Stable. This is lower than the AAA rating on its senior infrastructure bonds.<\/li>\n\n\n\n<li><strong>Limited access:<\/strong> Since SEBI\u2019s 2020 rules, individual and HNI investors generally cannot buy new AT1 bonds directly. They can usually buy them only in the secondary market, often in large quantities.<\/li>\n<\/ul>\n\n\n\n<p>For example, Bank of Baroda\u2019s 8.25% AT1 bond, ISIN INE028A08216, was issued in July 2020 with a call date of 17 July 2025. The bank exercised that call and redeemed the bond on 17 July 2025. This shows why AT1 investors should track call dates: the bond may be repaid early, or it may remain outstanding indefinitely if it is not called.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_Buy_and_Tax\"><\/span><strong>How to Buy and Tax<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>You can buy listed Bank of Baroda bonds through a broking platform in the secondary market. You can also apply when the bank launches a new bond issue, though such opportunities are not always available.<\/p>\n\n\n\n<p>You can also compare similar options and browse AAA-rated bank and NBFC NCDs on GoldenPi and check the coupon, tenure, and rating side by side before you invest.<\/p>\n\n\n\n<p>Interest earned from bonds is usually taxed at your income-tax slab rate. If you sell a bond before maturity, the tax on any gain depends on how long you held it and the tax rules at the time of sale. Before buying, check the bond\u2019s ISIN, face value, interest payment frequency, maturity date, call date, rating, and how easily it can be sold in the market.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Which_Bank_of_Baroda_Bond_Fits\"><\/span><strong>Which Bank of Baroda Bond Fits?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>If your main goal is safety and getting your principal back on a fixed date, senior AAA infrastructure bonds are usually the clearer choice. If you understand and accept the extra risk, Tier 2 bonds may offer a higher return. AT1 bonds are suitable only for investors who fully understand that they are perpetual and can face write-downs.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bank_of_Baroda_FAQs\"><\/span>Bank of Baroda FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1793427567680\"><strong class=\"schema-faq-question\">Q1. <strong>What are the main types of Bank of Baroda bonds?<\/strong><\/strong> <p class=\"schema-faq-answer\">The main categories include:<br>&#8211; Infrastructure bonds: Issued under the applicable infrastructure-bond framework.<br>&#8211; Tier II bonds: Regulatory capital instruments with defined maturity terms.<br>&#8211; AT1 bonds: Generally perpetual capital instruments with special loss-absorption features.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1793427622371\"><strong class=\"schema-faq-question\">Q2. <strong>Are Bank of Baroda bonds backed by the Government of India?<\/strong><\/strong> <p class=\"schema-faq-answer\">The Government of India is the bank\u2019s majority shareholder, and rating agencies factor expected government support into their assessments. However, an investment in a BoB bond is not automatically a sovereign-guaranteed investment. Check whether the specific instrument carries an explicit guarantee.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1793427633164\"><strong class=\"schema-faq-question\">Q3. <strong>Is interest earned on Bank of Baroda bonds taxable?<\/strong><\/strong> <p class=\"schema-faq-answer\">Interest is generally taxable under the applicable income-tax rules. The precise treatment depends on the investor\u2019s circumstances, instrument, and relevant tax year. Any TDS deducted is not necessarily the final tax liability.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1793427642506\"><strong class=\"schema-faq-question\">Q4. <strong>Are capital gains possible on Bank of Baroda bonds?<\/strong><\/strong> <p class=\"schema-faq-answer\">Yes. Selling a bond for more than its tax cost may result in a capital gain, while selling below cost may result in a loss. The tax treatment depends on the instrument, acquisition and sale dates, holding period, and applicable law.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1793427654327\"><strong class=\"schema-faq-question\">Q5. <strong>How can investors check the current yield of a Bank of Baroda bond?<\/strong><\/strong> <p class=\"schema-faq-answer\">Identify the bond\u2019s ISIN and check its latest available price, accrued interest, coupon schedule, and maturity date. Use those details to assess yield to maturity (YTM). If the bond has little recent trading activity, the available price and yield estimate may be less reliable.<\/p> <\/div> <\/div>\n\n\n<div class=\"gpi-custom-widget-box\" style=\"border-left-color: #0066cc; background-color: #f0f7ff;\">\n<div class=\"gpi-custom-widget-title\" style=\"color: #0066cc;\">Ready to Invest?<\/div>\n<div class=\"gpi-custom-widget-content\">\n<p>Visit <a href=\"https:\/\/goldenpi.com\/\">GoldenPi<\/a> to explore current bond options. Compare yields, ratings, and tenures in one place and invest online with as little as \u20b930,000.<\/p>\n<\/div>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Disclaimer\"><\/span>Disclaimer<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Fixed returns do not constitute guaranteed or assured returns. Investments in corporate debt securities and municipal debt securities\/securitized debt instruments are subject to credit risks, market risks, and default risks, including delay and\/or default in payment. Read all the offer-related documents carefully. This blog\/article should not be construed as financial advice or as an offer or recommendation to buy or sell any security or any products\/services of\/on GoldenPi or any product\/services of its third-party client(s). For a detailed calculation of YTM, visit our website.&nbsp;<a href=\"https:\/\/delivery.goldenpi.com\/XPRBSN?id=162365=ch0GCFVXBVBUH1QDUlZXUlgBVgNSUwJVWgQGDFJQAVsEUwRfBldSBFVUAglRBFJSAA0ZBgxfQFBbERxBFSNTV10FU1cTDBgFDg5OAFIKVVFQBlZTVwQBBgFSAg0aC0BMQRIMFkwBUwoIFVdDHBwCCw1QAAsTWBpSVwgebDYxdmt\/Xl9dHxMF&amp;fl=WRVCSRBfGUkETltfVwNLAxVbCQwNWhpYVkpFGwMOBRcEWQMNUEoHSQJaV1BQAQQHTAZXA1IcAAMOBBxWB1IMFQUEVQxXXAEFBVQEUkpTVlMCUFEHU1JVAwhUAFECAQZaVFEADVAAVQBXVFRUUw==\" target=\"_blank\" rel=\"noreferrer noopener\">T&amp;C\u2019s Apply<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\ud83d\udcdd Quick Summary: Bank of Baroda issues several types of bonds, each with a different level of safety. This guide explains senior&hellip;<\/p>\n","protected":false},"author":17,"featured_media":16865,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1026,25],"tags":[],"class_list":["post-16861","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-guide","category-bond-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bank of Baroda Bonds: Types, Yields, Safety, and Ratings<\/title>\n<meta name=\"description\" content=\"Explore Bank of Baroda bonds in India, including bond types, yields, credit ratings, interest payouts, and investment risks. 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Learn how to assess Bank of Baroda bonds before investing.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/goldenpi.com\/blog\/guide\/bank-of-baroda-bonds-yields-safety-and-ratings\/\" \/>\n<meta property=\"og:site_name\" content=\"GoldenPi | Blogs\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/goldenpitech\" \/>\n<meta property=\"article:published_time\" content=\"2026-10-31T06:31:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-10-31T06:31:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31120021\/Bank-of-Baroda-Bonds.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Deepak Narang | CFA Level 3\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@GoldenPiTech\" \/>\n<meta name=\"twitter:site\" content=\"@GoldenPiTech\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Deepak Narang | CFA Level 3\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/guide\\\/bank-of-baroda-bonds-yields-safety-and-ratings\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/guide\\\/bank-of-baroda-bonds-yields-safety-and-ratings\\\/\"},\"author\":{\"name\":\"Deepak Narang | CFA Level 3\",\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/#\\\/schema\\\/person\\\/9781cfb40abd7777b2fcbbbd5b6ac0ba\"},\"headline\":\"Bank of Baroda Bonds Explained: Yields, Safety, and Ratings\",\"datePublished\":\"2026-10-31T06:31:55+00:00\",\"dateModified\":\"2026-10-31T06:31:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/guide\\\/bank-of-baroda-bonds-yields-safety-and-ratings\\\/\"},\"wordCount\":1589,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/guide\\\/bank-of-baroda-bonds-yields-safety-and-ratings\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/d2zny4996dl67j.cloudfront.net\\\/blogs\\\/wp-content\\\/uploads\\\/2026\\\/10\\\/31120021\\\/Bank-of-Baroda-Bonds.jpg\",\"articleSection\":[\"Guide\",\"Bond News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/goldenpi.com\\\/blog\\\/guide\\\/bank-of-baroda-bonds-yields-safety-and-ratings\\\/#respond\"]}]},{\"@type\":[\"WebPage\",\"FAQPage\"],\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/guide\\\/bank-of-baroda-bonds-yields-safety-and-ratings\\\/\",\"url\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/guide\\\/bank-of-baroda-bonds-yields-safety-and-ratings\\\/\",\"name\":\"Bank of Baroda Bonds: Types, Yields, Safety, and Ratings\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/guide\\\/bank-of-baroda-bonds-yields-safety-and-ratings\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/guide\\\/bank-of-baroda-bonds-yields-safety-and-ratings\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/d2zny4996dl67j.cloudfront.net\\\/blogs\\\/wp-content\\\/uploads\\\/2026\\\/10\\\/31120021\\\/Bank-of-Baroda-Bonds.jpg\",\"datePublished\":\"2026-10-31T06:31:55+00:00\",\"dateModified\":\"2026-10-31T06:31:56+00:00\",\"description\":\"Explore Bank of Baroda bonds in India, including bond types, yields, credit ratings, interest payouts, and investment risks. 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Having cleared CFA Level 3, Deepak specializes in identifying risk profiles and investment potential of diverse sectors, ranging from large-scale manufacturing and traditional financial institutions to the high-growth world of new-age startups.","sameAs":["https:\/\/www.linkedin.com\/in\/deepak-narang-a119a08a\/"],"url":"https:\/\/goldenpi.com\/blog\/author\/deepak-narang\/"},{"@type":"Question","@id":"https:\/\/goldenpi.com\/blog\/guide\/bank-of-baroda-bonds-yields-safety-and-ratings\/#faq-question-1793427567680","position":1,"url":"https:\/\/goldenpi.com\/blog\/guide\/bank-of-baroda-bonds-yields-safety-and-ratings\/#faq-question-1793427567680","name":"Q1. What are the main types of Bank of Baroda bonds?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The main categories include:<br>- Infrastructure bonds: Issued under the applicable infrastructure-bond framework.<br>- Tier II bonds: Regulatory capital instruments with defined maturity terms.<br>- AT1 bonds: Generally perpetual capital instruments with special loss-absorption features.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/goldenpi.com\/blog\/guide\/bank-of-baroda-bonds-yields-safety-and-ratings\/#faq-question-1793427622371","position":2,"url":"https:\/\/goldenpi.com\/blog\/guide\/bank-of-baroda-bonds-yields-safety-and-ratings\/#faq-question-1793427622371","name":"Q2. Are Bank of Baroda bonds backed by the Government of India?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The Government of India is the bank\u2019s majority shareholder, and rating agencies factor expected government support into their assessments. However, an investment in a BoB bond is not automatically a sovereign-guaranteed investment. Check whether the specific instrument carries an explicit guarantee.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/goldenpi.com\/blog\/guide\/bank-of-baroda-bonds-yields-safety-and-ratings\/#faq-question-1793427633164","position":3,"url":"https:\/\/goldenpi.com\/blog\/guide\/bank-of-baroda-bonds-yields-safety-and-ratings\/#faq-question-1793427633164","name":"Q3. Is interest earned on Bank of Baroda bonds taxable?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Interest is generally taxable under the applicable income-tax rules. The precise treatment depends on the investor\u2019s circumstances, instrument, and relevant tax year. Any TDS deducted is not necessarily the final tax liability.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/goldenpi.com\/blog\/guide\/bank-of-baroda-bonds-yields-safety-and-ratings\/#faq-question-1793427642506","position":4,"url":"https:\/\/goldenpi.com\/blog\/guide\/bank-of-baroda-bonds-yields-safety-and-ratings\/#faq-question-1793427642506","name":"Q4. Are capital gains possible on Bank of Baroda bonds?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes. Selling a bond for more than its tax cost may result in a capital gain, while selling below cost may result in a loss. The tax treatment depends on the instrument, acquisition and sale dates, holding period, and applicable law.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/goldenpi.com\/blog\/guide\/bank-of-baroda-bonds-yields-safety-and-ratings\/#faq-question-1793427654327","position":5,"url":"https:\/\/goldenpi.com\/blog\/guide\/bank-of-baroda-bonds-yields-safety-and-ratings\/#faq-question-1793427654327","name":"Q5. How can investors check the current yield of a Bank of Baroda bond?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Identify the bond\u2019s ISIN and check its latest available price, accrued interest, coupon schedule, and maturity date. Use those details to assess yield to maturity (YTM). If the bond has little recent trading activity, the available price and yield estimate may be less reliable.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/posts\/16861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/comments?post=16861"}],"version-history":[{"count":2,"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/posts\/16861\/revisions"}],"predecessor-version":[{"id":16864,"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/posts\/16861\/revisions\/16864"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/media\/16865"}],"wp:attachment":[{"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/media?parent=16861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/categories?post=16861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/tags?post=16861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}