New Delhi:
When it comes to Fixed Deposits (FDs), Bank of Baroda (BOB) and State Bank of India (SBI) are vying for attention with competitive interest rates across various tenures. Here’s a breakdown of the rates offered by both banks:
Bank of Baroda (BOB) FD Interest Rates
BOB is currently offering attractive interest rates on FDs, ranging from 7 days to 10 years.
Here’s a glimpse of what they’re offering:
90 days FD: 5.50% interest
1-year FD: 6.85% interest for general public; 7.35% interest for senior citizens
2 to 3 years FD: 7.25% interest for general public; 7.75% interest for senior citizens
Above 5 years to 10 years FD: 6.50% interest for general public; 7.00% interest for senior citizens
Additionally, BOB has special schemes like the Baroda Tricolor Plus Deposit Scheme,
offering up to 7.16% interest for the general public and up to 7.65% interest for senior citizens on a 399-day deposit.
State Bank of India (SBI) FD Interest Rates
SBI, another major player, offers its own set of FD rates, though slightly different from BOB. Check the rates below:
1-year FD: 6.80% interest for general public; 7.30% interest for senior citizens
2 to 3 years FD: 7.00% interest for general public; 7.50% interest for senior citizens
From 5 years to 10 years FD: 6.50% interest for general public; 7.50% interest for senior citizens
Key Takeaways
While BOB and SBI both offer competitive rates, the choice between the two depends on individual preferences and tenure preferences.
Customers are advised to carefully consider their options before investing in FDs.
