diff --git a/cmd/admin-handlers.go b/cmd/admin-handlers.go
index 0316705aa..ea89e170c 100644
--- a/cmd/admin-handlers.go
+++ b/cmd/admin-handlers.go
@@ -1270,10 +1270,9 @@ func (a adminAPIHandlers) OBDInfoHandler(w http.ResponseWriter, r *http.Request)
 	}
 
 	deadlinedCtx, cancel := context.WithTimeout(ctx, deadline)
-
 	defer cancel()
 
-	nsLock := objectAPI.NewNSLock(deadlinedCtx, minioMetaBucket, "obd-in-progress")
+	nsLock := objectAPI.NewNSLock(ctx, minioMetaBucket, "obd-in-progress")
 	if err := nsLock.GetLock(newDynamicTimeout(deadline, deadline)); err != nil { // returns a locked lock
 		errResp(err)
 		return
diff --git a/cmd/disk-cache-backend.go b/cmd/disk-cache-backend.go
index 4ff4a0e23..787bb594c 100644
--- a/cmd/disk-cache-backend.go
+++ b/cmd/disk-cache-backend.go
@@ -417,7 +417,7 @@ func (c *diskCache) Stat(ctx context.Context, bucket, object string) (oi ObjectI
 func (c *diskCache) statCachedMeta(ctx context.Context, cacheObjPath string) (meta *cacheMeta, partial bool, numHits int, err error) {
 
 	cLock := c.NewNSLockFn(ctx, cacheObjPath)
-	if err = cLock.GetRLock(globalObjectTimeout); err != nil {
+	if err = cLock.GetRLock(globalOperationTimeout); err != nil {
 		return
 	}
 
@@ -499,7 +499,7 @@ func (c *diskCache) statCache(ctx context.Context, cacheObjPath string) (meta *c
 func (c *diskCache) SaveMetadata(ctx context.Context, bucket, object string, meta map[string]string, actualSize int64, rs *HTTPRangeSpec, rsFileName string, incHitsOnly bool) error {
 	cachedPath := getCacheSHADir(c.dir, bucket, object)
 	cLock := c.NewNSLockFn(ctx, cachedPath)
-	if err := cLock.GetLock(globalObjectTimeout); err != nil {
+	if err := cLock.GetLock(globalOperationTimeout); err != nil {
 		return err
 	}
 	defer cLock.Unlock()
@@ -665,7 +665,7 @@ func (c *diskCache) Put(ctx context.Context, bucket, object string, data io.Read
 	}
 	cachePath := getCacheSHADir(c.dir, bucket, object)
 	cLock := c.NewNSLockFn(ctx, cachePath)
-	if err := cLock.GetLock(globalObjectTimeout); err != nil {
+	if err := cLock.GetLock(globalOperationTimeout); err != nil {
 		return err
 	}
 	defer cLock.Unlock()
@@ -871,7 +871,7 @@ func (c *diskCache) bitrotReadFromCache(ctx context.Context, filePath string, of
 func (c *diskCache) Get(ctx context.Context, bucket, object string, rs *HTTPRangeSpec, h http.Header, opts ObjectOptions) (gr *GetObjectReader, numHits int, err error) {
 	cacheObjPath := getCacheSHADir(c.dir, bucket, object)
 	cLock := c.NewNSLockFn(ctx, cacheObjPath)
-	if err := cLock.GetRLock(globalObjectTimeout); err != nil {
+	if err := cLock.GetRLock(globalOperationTimeout); err != nil {
 		return nil, numHits, err
 	}
 
@@ -935,7 +935,7 @@ func (c *diskCache) Get(ctx context.Context, bucket, object string, rs *HTTPRang
 // Deletes the cached object
 func (c *diskCache) delete(ctx context.Context, cacheObjPath string) (err error) {
 	cLock := c.NewNSLockFn(ctx, cacheObjPath)
-	if err := cLock.GetLock(globalObjectTimeout); err != nil {
+	if err := cLock.GetLock(globalOperationTimeout); err != nil {
 		return err
 	}
 	defer cLock.Unlock()
diff --git a/cmd/erasure-zones.go b/cmd/erasure-zones.go
index f44d98e76..83a5fa743 100644
--- a/cmd/erasure-zones.go
+++ b/cmd/erasure-zones.go
@@ -458,12 +458,12 @@ func (z *erasureZones) GetObjectNInfo(ctx context.Context, bucket, object string
 		lock := z.NewNSLock(ctx, bucket, object)
 		switch lockType {
 		case writeLock:
-			if err = lock.GetLock(globalObjectTimeout); err != nil {
+			if err = lock.GetLock(globalOperationTimeout); err != nil {
 				return nil, err
 			}
 			nsUnlocker = lock.Unlock
 		case readLock:
-			if err = lock.GetRLock(globalObjectTimeout); err != nil {
+			if err = lock.GetRLock(globalOperationTimeout); err != nil {
 				return nil, err
 			}
 			nsUnlocker = lock.RUnlock
@@ -492,7 +492,7 @@ func (z *erasureZones) GetObjectNInfo(ctx context.Context, bucket, object string
 func (z *erasureZones) GetObject(ctx context.Context, bucket, object string, startOffset int64, length int64, writer io.Writer, etag string, opts ObjectOptions) error {
 	// Lock the object before reading.
 	lk := z.NewNSLock(ctx, bucket, object)
-	if err := lk.GetRLock(globalObjectTimeout); err != nil {
+	if err := lk.GetRLock(globalOperationTimeout); err != nil {
 		return err
 	}
 	defer lk.RUnlock()
@@ -516,7 +516,7 @@ func (z *erasureZones) GetObject(ctx context.Context, bucket, object string, sta
 func (z *erasureZones) GetObjectInfo(ctx context.Context, bucket, object string, opts ObjectOptions) (objInfo ObjectInfo, err error) {
 	// Lock the object before reading.
 	lk := z.NewNSLock(ctx, bucket, object)
-	if err := lk.GetRLock(globalObjectTimeout); err != nil {
+	if err := lk.GetRLock(globalOperationTimeout); err != nil {
 		return ObjectInfo{}, err
 	}
 	defer lk.RUnlock()
@@ -544,7 +544,7 @@ func (z *erasureZones) GetObjectInfo(ctx context.Context, bucket, object string,
 func (z *erasureZones) PutObject(ctx context.Context, bucket string, object string, data *PutObjReader, opts ObjectOptions) (ObjectInfo, error) {
 	// Lock the object.
 	lk := z.NewNSLock(ctx, bucket, object)
-	if err := lk.GetLock(globalObjectTimeout); err != nil {
+	if err := lk.GetLock(globalOperationTimeout); err != nil {
 		return ObjectInfo{}, err
 	}
 	defer lk.Unlock()
@@ -625,7 +625,7 @@ func (z *erasureZones) CopyObject(ctx context.Context, srcBucket, srcObject, dst
 	cpSrcDstSame := isStringEqual(pathJoin(srcBucket, srcObject), pathJoin(dstBucket, dstObject))
 	if !cpSrcDstSame {
 		lk := z.NewNSLock(ctx, dstBucket, dstObject)
-		if err := lk.GetLock(globalObjectTimeout); err != nil {
+		if err := lk.GetLock(globalOperationTimeout); err != nil {
 			return objInfo, err
 		}
 		defer lk.Unlock()
@@ -1732,7 +1732,7 @@ func (z *erasureZones) ListBuckets(ctx context.Context) (buckets []BucketInfo, e
 func (z *erasureZones) ReloadFormat(ctx context.Context, dryRun bool) error {
 	// Acquire lock on format.json
 	formatLock := z.NewNSLock(ctx, minioMetaBucket, formatConfigFile)
-	if err := formatLock.GetRLock(globalHealingTimeout); err != nil {
+	if err := formatLock.GetRLock(globalOperationTimeout); err != nil {
 		return err
 	}
 	defer formatLock.RUnlock()
@@ -1748,7 +1748,7 @@ func (z *erasureZones) ReloadFormat(ctx context.Context, dryRun bool) error {
 func (z *erasureZones) HealFormat(ctx context.Context, dryRun bool) (madmin.HealResultItem, error) {
 	// Acquire lock on format.json
 	formatLock := z.NewNSLock(ctx, minioMetaBucket, formatConfigFile)
-	if err := formatLock.GetLock(globalHealingTimeout); err != nil {
+	if err := formatLock.GetLock(globalOperationTimeout); err != nil {
 		return madmin.HealResultItem{}, err
 	}
 	defer formatLock.Unlock()
@@ -1951,14 +1951,14 @@ func (z *erasureZones) HealObject(ctx context.Context, bucket, object, versionID
 	lk := z.NewNSLock(ctx, bucket, object)
 	if bucket == minioMetaBucket {
 		// For .minio.sys bucket heals we should hold write locks.
-		if err := lk.GetLock(globalHealingTimeout); err != nil {
+		if err := lk.GetLock(globalOperationTimeout); err != nil {
 			return madmin.HealResultItem{}, err
 		}
 		defer lk.Unlock()
 	} else {
 		// Lock the object before healing. Use read lock since healing
 		// will only regenerate parts & xl.meta of outdated disks.
-		if err := lk.GetRLock(globalHealingTimeout); err != nil {
+		if err := lk.GetRLock(globalOperationTimeout); err != nil {
 			return madmin.HealResultItem{}, err
 		}
 		defer lk.RUnlock()
diff --git a/cmd/fs-v1-multipart.go b/cmd/fs-v1-multipart.go
index 37b78a82e..57fc62d81 100644
--- a/cmd/fs-v1-multipart.go
+++ b/cmd/fs-v1-multipart.go
@@ -707,7 +707,7 @@ func (fs *FSObjects) CompleteMultipartUpload(ctx context.Context, bucket string,
 
 	// Hold write lock on the object.
 	destLock := fs.NewNSLock(ctx, bucket, object)
-	if err = destLock.GetLock(globalObjectTimeout); err != nil {
+	if err = destLock.GetLock(globalOperationTimeout); err != nil {
 		return oi, err
 	}
 	defer destLock.Unlock()
diff --git a/cmd/fs-v1.go b/cmd/fs-v1.go
index 2bbb23147..b64264ff9 100644
--- a/cmd/fs-v1.go
+++ b/cmd/fs-v1.go
@@ -601,7 +601,7 @@ func (fs *FSObjects) CopyObject(ctx context.Context, srcBucket, srcObject, dstBu
 
 	if !cpSrcDstSame {
 		objectDWLock := fs.NewNSLock(ctx, dstBucket, dstObject)
-		if err := objectDWLock.GetLock(globalObjectTimeout); err != nil {
+		if err := objectDWLock.GetLock(globalOperationTimeout); err != nil {
 			return oi, err
 		}
 		defer objectDWLock.Unlock()
@@ -691,12 +691,12 @@ func (fs *FSObjects) GetObjectNInfo(ctx context.Context, bucket, object string,
 		lock := fs.NewNSLock(ctx, bucket, object)
 		switch lockType {
 		case writeLock:
-			if err = lock.GetLock(globalObjectTimeout); err != nil {
+			if err = lock.GetLock(globalOperationTimeout); err != nil {
 				return nil, err
 			}
 			nsUnlocker = lock.Unlock
 		case readLock:
-			if err = lock.GetRLock(globalObjectTimeout); err != nil {
+			if err = lock.GetRLock(globalOperationTimeout); err != nil {
 				return nil, err
 			}
 			nsUnlocker = lock.RUnlock
@@ -782,7 +782,7 @@ func (fs *FSObjects) GetObject(ctx context.Context, bucket, object string, offse
 
 	// Lock the object before reading.
 	lk := fs.NewNSLock(ctx, bucket, object)
-	if err := lk.GetRLock(globalObjectTimeout); err != nil {
+	if err := lk.GetRLock(globalOperationTimeout); err != nil {
 		logger.LogIf(ctx, err)
 		return err
 	}
@@ -1006,7 +1006,7 @@ func (fs *FSObjects) getObjectInfo(ctx context.Context, bucket, object string) (
 func (fs *FSObjects) getObjectInfoWithLock(ctx context.Context, bucket, object string) (oi ObjectInfo, e error) {
 	// Lock the object before reading.
 	lk := fs.NewNSLock(ctx, bucket, object)
-	if err := lk.GetRLock(globalObjectTimeout); err != nil {
+	if err := lk.GetRLock(globalOperationTimeout); err != nil {
 		return oi, err
 	}
 	defer lk.RUnlock()
@@ -1044,7 +1044,7 @@ func (fs *FSObjects) GetObjectInfo(ctx context.Context, bucket, object string, o
 	oi, err := fs.getObjectInfoWithLock(ctx, bucket, object)
 	if err == errCorruptedFormat || err == io.EOF {
 		lk := fs.NewNSLock(ctx, bucket, object)
-		if err = lk.GetLock(globalObjectTimeout); err != nil {
+		if err = lk.GetLock(globalOperationTimeout); err != nil {
 			return oi, toObjectErr(err, bucket, object)
 		}
 
@@ -1095,7 +1095,7 @@ func (fs *FSObjects) PutObject(ctx context.Context, bucket string, object string
 
 	// Lock the object.
 	lk := fs.NewNSLock(ctx, bucket, object)
-	if err := lk.GetLock(globalObjectTimeout); err != nil {
+	if err := lk.GetLock(globalOperationTimeout); err != nil {
 		logger.LogIf(ctx, err)
 		return objInfo, err
 	}
diff --git a/cmd/globals.go b/cmd/globals.go
index 066ddd392..35ac67467 100644
--- a/cmd/globals.go
+++ b/cmd/globals.go
@@ -208,9 +208,7 @@ var (
 	globalDomainNames []string      // Root domains for virtual host style requests
 	globalDomainIPs   set.StringSet // Root domain IP address(s) for a distributed MinIO deployment
 
-	globalObjectTimeout    = newDynamicTimeout( /*1*/ 10*time.Minute /*10*/, 600*time.Second) // timeout for Object API related ops
-	globalOperationTimeout = newDynamicTimeout(10*time.Minute /*30*/, 600*time.Second)        // default timeout for general ops
-	globalHealingTimeout   = newDynamicTimeout(30*time.Minute /*1*/, 30*time.Minute)          // timeout for healing related ops
+	globalOperationTimeout = newDynamicTimeout(10*time.Minute, 5*time.Minute) // default timeout for general ops
 
 	globalBucketObjectLockSys *BucketObjectLockSys
 	globalBucketQuotaSys      *BucketQuotaSys
diff --git a/cmd/iam.go b/cmd/iam.go
index 9805eccdd..bf5ec6d8e 100644
--- a/cmd/iam.go
+++ b/cmd/iam.go
@@ -449,10 +449,13 @@ func (sys *IAMSys) Init(ctx context.Context, objAPI ObjectLayer) {
 	rquorum := InsufficientReadQuorum{}
 	wquorum := InsufficientWriteQuorum{}
 
+	// allocate dynamic timeout once before the loop
+	iamLockTimeout := newDynamicTimeout(3*time.Second, 5*time.Second)
+
 	for range retry.NewTimerWithJitter(retryCtx, time.Second, 5*time.Second, retry.MaxJitter) {
 		// let one of the server acquire the lock, if not let them timeout.
 		// which shall be retried again by this loop.
-		if err := txnLk.GetLock(newDynamicTimeout(3*time.Second, 5*time.Second)); err != nil {
+		if err := txnLk.GetLock(iamLockTimeout); err != nil {
 			logger.Info("Waiting for all MinIO IAM sub-system to be initialized.. trying to acquire lock")
 			continue
 		}
diff --git a/cmd/server-main.go b/cmd/server-main.go
index 431258782..7a5986e48 100644
--- a/cmd/server-main.go
+++ b/cmd/server-main.go
@@ -229,7 +229,8 @@ func initSafeMode(ctx context.Context, newObject ObjectLayer) (err error) {
 		initAutoHeal(ctx, newObject)
 	}
 
-	timeout := newDynamicTimeout(3*time.Second, 3*time.Second)
+	// allocate dynamic timeout once before the loop
+	configLockTimeout := newDynamicTimeout(3*time.Second, 5*time.Second)
 
 	// ****  WARNING ****
 	// Migrating to encrypted backend should happen before initialization of any
@@ -246,7 +247,7 @@ func initSafeMode(ctx context.Context, newObject ObjectLayer) (err error) {
 	for range retry.NewTimer(retryCtx) {
 		// let one of the server acquire the lock, if not let them timeout.
 		// which shall be retried again by this loop.
-		if err = txnLk.GetLock(timeout); err != nil {
+		if err = txnLk.GetLock(configLockTimeout); err != nil {
 			logger.Info("Waiting for all MinIO sub-systems to be initialized.. trying to acquire lock")
 			continue
 		}