BoI offers up to 6.85% p.a. · RBL up to 7.25% p.a. · Side-by-side across all tenures, general & senior citizen rates.
Highlighted cells show the higher rate for each tenure. Dataset refreshed 1 Oct 2026.
| Tenure | BoI | RBL | ||
|---|---|---|---|---|
| General | Senior | General | Senior | |
| 6 months | 5.50% | — | — | — |
| 1 year | 6.50% | 7.15% | 7.05% | 7.55% |
| 2 years | 6.60% | 7.25% | 7.25% | 7.75% |
| 3 years | 6.70% | 7.60% | 7.05% | 7.55% |
| 5 years | 6.00% | — | 6.75% | 7.25% |
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 →
BoI is a public sector bank; RBL is a private sector bank. Both are RBI-regulated with DICGC deposit insurance up to ₹5 lakh. RBL 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.
RBL Bank currently offers a higher maximum FD rate of 7.25% p.a., compared to 6.85% p.a. from Bank of India (as of 1 Oct 2026).
Bank of India offers 6.50% p.a. for general depositors on 1-year FDs, and 7.15% p.a. for senior citizens (as of 1 Oct 2026). Confirm the current rate on Bank of India's official website before investing.
RBL Bank offers 7.05% p.a. for general depositors on 1-year FDs, and 7.55% p.a. for senior citizens (as of 1 Oct 2026). Confirm the current rate on RBL Bank's official website before investing.
Yes. Both Bank of India and RBL 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.
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 India's 1-year senior rate: 7.15% p.a. RBL Bank's 1-year senior rate: 7.55% p.a.
The highest rate between the two is 7.25% p.a. from RBL Bank for the 18 months to 36 months tenure (general public, retail deposits below ₹3 crore, as of 1 Oct 2026).
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