BoB vs Kotak FD Rates October 2026

BoB offers up to 6.75% p.a. · Kotak up to 6.65% p.a. · Side-by-side across all tenures, general & senior citizen rates.

FD Rate Comparison — All Tenures

Highlighted cells show the higher rate for each tenure. Dataset refreshed 1 Oct 2026.

1-year FD winner Kotak 6.25% vs 6.35%
Savings account BoB 2.75% vs 2.50%
Tenure BoB Kotak
GeneralSenior GeneralSenior
6 months 5.50% 6.00% 5.50% 6.00%
1 year 6.25% 6.75% 6.35% 6.85%
2 years 6.25% 6.75% 6.65% 7.15%
3 years 6.30% 6.90% 6.40% 6.90%
5 years 6.30% 7.00% 6.25% 6.75%

Rates for retail deposits below ₹3 crore. Senior citizen rate typically +0.25–0.50% p.a. Green cells show the higher general rate for each tenure. Calculate your maturity amount →

Savings Account Rates

BoB
2.75% p.a.
vs
Kotak
2.50% p.a.

Which bank should you choose?

BoB is a public sector bank; Kotak is a private sector bank. Both are RBI-regulated with DICGC deposit insurance up to ₹5 lakh. BoB holds a slim rate advantage right now. For most depositors the difference is modest; branch proximity and existing banking relationships are equally worth weighing.

This is informational only — always verify the current rate on the bank's official website and consult a financial adviser for personalised guidance.

About These Banks

Bank of Baroda

Type
Public Sector Bank
HQ
Vadodara
Est.
1908
Best FD rate
6.75% p.a.
DICGC insured
Yes (up to ₹5 lakh)
Full profile
BoB deposit rates →

Kotak Mahindra Bank

Type
Private Sector Bank
HQ
Mumbai
Est.
2003
Best FD rate
6.65% p.a.
DICGC insured
Yes (up to ₹5 lakh)
Full profile
Kotak deposit rates →

Frequently Asked Questions

Which bank gives a higher FD interest rate — Bank of Baroda or Kotak Mahindra Bank?

Bank of Baroda currently offers a higher maximum FD rate of 6.75% p.a., compared to 6.65% p.a. from Kotak Mahindra Bank (as of 1 Oct 2026).

What is Bank of Baroda's current 1-year FD interest rate?

Bank of Baroda offers 6.25% p.a. for general depositors on 1-year FDs, and 6.75% p.a. for senior citizens (as of 1 Oct 2026). Confirm the current rate on Bank of Baroda's official website before investing.

What is Kotak Mahindra Bank's current 1-year FD interest rate?

Kotak Mahindra Bank offers 6.35% p.a. for general depositors on 1-year FDs, and 6.85% p.a. for senior citizens (as of 1 Oct 2026). Confirm the current rate on Kotak Mahindra Bank's official website before investing.

Are fixed deposits with Bank of Baroda and Kotak Mahindra Bank safe?

Yes. Both Bank of Baroda and Kotak Mahindra Bank are regulated by the Reserve Bank of India (RBI). Deposits at both banks are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC) up to ₹5,00,000 per depositor per bank, covering principal and interest combined. Amounts above ₹5 lakh are not covered by deposit insurance.

Do Bank of Baroda and Kotak Mahindra Bank offer higher FD rates for senior citizens?

Yes, both banks offer additional interest for senior citizens (aged 60 and above), typically 0.25%–0.50% p.a. above the general rate. Bank of Baroda's 1-year senior rate: 6.75% p.a. Kotak Mahindra Bank's 1-year senior rate: 6.85% p.a.

What is the highest FD rate available between Bank of Baroda and Kotak Mahindra Bank?

The highest rate between the two is 6.75% p.a. from Bank of Baroda for the bob Golden Goal deposit Scheme (555 Days) tenure (general public, retail deposits below ₹3 crore, as of 1 Oct 2026).