Defined Deposit accounts give depositors access to liquidity by giving them the freedom to withdraw their money at any time while also receiving interest on deposits for certain fixed tenures. Compare Bank of Baroda Fixed Deposit Interest Rate with SBI vs Bandhan Bank FD. There are lock-in times for some FDs. The deposit protection guarantee on bank fixed deposit interest rates is also worth Rs 5 lakh. Here is a comparison of the interest rate on fixed deposits offered by Bandhan Bank, SBI, and the Bank of Baroda.
Banks have begun raising FD rates in response to the RBI’s recent increase in the repo rate. Here, we examine the most recent SBI Fixed Deposit Interest Rates and see how they stack up against those offered by HDFC Bank and the Post Office for deposits up to Rs 2 crore.
Bank of Baroda (BOB) Fixed Deposit Interest Rate
Bank of Baroda is currently providing up to 6% for callable deposits of up to 555 days while for senior citizens the bank is offering 6.5% interest under the Baroda Tiranga Deposit Scheme.
BOB FD – For Domestic & NRO Term Deposits [Per Annum] [Fresh & Renewal] [Callable] (ROI in %) – Below Rs. Two Crore
| Tenors | Below Rs 2 Cr. (w.e.f. 28.07.2022) |
| 7 days to 14 days | 3 |
| 15 days to 45 days | 3 |
| 46 days to 90 days | 4 |
| 91 days to 180 days | 4 |
| 181 days to 270 days | 4.65 |
| 271 days & above and less than 1 year | 4.65 |
| 1 year | 5.3 |
| Above 1 year to 400 days | 5.45 |
| Above 400 days and upto 2 Years | 5.45 |
| Above 2 Years and upto 3 Years | 5.5 |
| Above 3 Years and upto 5 Years | 5.5 |
| Above 5 Years and upto 10 Years | 5.5 |
| Above 10 years (MACT/MACAD Court Order schemes only) | 5.1 |
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Baroda Tiranga Deposit Scheme
Bank of Baroda launched the Tiranga Deposit Scheme to celebrate the completion of 75 years of Independence.
| Callable | Non-Callable | |||
| Tenors | General/NRE/NRO | Senior Citizen* | General/NRE/NRO | Senior Citizen* |
| 444 Days | 5.75 | 6.25 | 5.90 (5.75+0.15) | 6.40 (5.75+0.15+0.50) |
| 555 Days | 6 | 6.5 | 6.15 (6.00+0.15) | 6.65 (6.00+0.15+0.50) |
BoB FD: For Domestic Term Deposits Below Rs 2.00 Crores – Resident Senior Citizens [Fresh & Renewal] [Callable]
| Tenors | Below Rs 2 Cr. (w.e.f. 28.07.2022) |
| 7 days to 14 days | 3.50* |
| 15 days to 45 days | 3.50* |
| 46 days to 90 days | 4.50* |
| 91 days to 180 days | 4.50* |
| 181 days to 270 days | 5.15* |
| 271 days & above and less than 1 year | 5.15* |
| 1 year | 5.80* |
| Above 1 year to 400 days | 5.95* |
| Above 400 days and upto 2 Years | 5.95* |
| Above 2 Years and upto 3 Years | 6.00* |
| Above 3 Years and upto 5 Years | 6.15# |
| Above 5 Years and upto 10 Years | 6.50** |
| Above 10 years (MACT/MACAD – Court order schemes only) | 5.60* |
Sr. Citizen Preferential Rate is applicable only for “Resident Indian Sr. Citizen”.
Bandhan Bank Fixed Deposit Interest Rate
Bandhan Bank is providing up to 7.5% interest to senior citizens and 7% to others for deposits below Rs 2 crore. This interest can be availed on deposits of 1 year to 5 years.
| Maturity Bucket | Interest Rates for Non-Senior Citizens | Interest Rates for Senior Citizens |
| 7 days to 14 days | 3.00% | 3.75% |
| 15 days to 30 days | 3.00% | 3.75% |
| 31 days to less than 2 months | 3.50% | 4.25% |
| 2 months to less than 3 months | 4.50% | 5.25% |
| 3 months to less than 6 months | 4.50% | 5.25% |
| 6 months to less than 1 year | 4.50% | 5.25% |
| 1 year to 18 months | 7.00% | 7.50% |
| Above 18 months to less than 2 years | 7.00% | 7.50% |
| 2 years to less than 3 years | 7.00% | 7.50% |
| 3 years to less than 5 years | 7.00% | 7.50% |
| 5 years to up to 10 years | 5.60% | 6.35% |
Bandhan Banks senior citizen fixed deposit interest rate applies only to Resident Indians and do not apply to NRIs. Senior citizens are required to submit age proof to avail the senior citizen rates.
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State Bank of India (SBI) Fixed Deposit Interest Rate
The State Bank of India (SBI) revised the domestic fixed deposit rates with effect from 13th August 2022. (Check SBI FD Calculator). The largest public sector bank is currently offering up to 5.65% interest to depositors for 5 to 10 years tenors. For senior citizens the bank is offering up to 6.45% interest.
| Tenors | Revised Rates For Public w.e.f. 13.08.2022 | Revised Rates for Senior Citizens w.e.f. 13.08.2022 |
| 7 days to 45 days | 2.9 | 3.4 |
| 46 days to 179 days | 3.9 | 4.4 |
| 180 days to 210 days | 4.55 | 5.05 |
| 211 days to less than 1 year | 4.6 | 5.1 |
| 1 year to less than 2 year | 5.45 | 5.95 |
| 2 years to less than 3 years | 5.5 | 6 |
| 3 years to less than 5 years | 5.6 | 6.1 |
| 5 years and up to 10 years | 5.65 | 6.45 |
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