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SBI, Bank of Baroda and Canara Bank FD Rates Compared
This article compares fixed-deposit rates at three banks in 2026.
Fixed deposits pay you interest for keeping money in a bank for a set time.
For a normal one-year deposit, all three banks pay 6.25%.
State Bank of India pays slightly more than the other two for two- and three-year deposits.
Bank of Baroda pays the most overall for regular customers with its 555-day deposit at 6.75%.
Canara Bank pays 6.60% for a similar 555-day deposit.
Older customers usually receive extra interest at all three banks.
SBI changed some rates for very large deposits, but its smaller retail deposit rates stayed unchanged.
Bank of Baroda offers the highest regular-customer rate: 6.75% for 555 days.
Canara Bank offers 6.60% on its 555-day special-tenure deposit.
All three banks offer 6.25% on standard one-year deposits.
State Bank of India offers 6.30% for two- and three-year deposits.
SBI reduced some bulk-deposit rates from August 15, 2026, but unchanged retail rates below ₹3 crore.
- Who
- State Bank of India, Bank of Baroda and Canara Bank, along with regular and senior-citizen depositors.
- What
- A comparison of their fixed-deposit interest rates and special-tenure deposit returns.
- Where
- At State Bank of India, Bank of Baroda and Canara Bank.
- When
- The comparison concerns 2026 rates; SBI's revised bulk-deposit rates took effect on August 15, 2026.
- Why
- To identify which bank offers the highest returns across standard and special fixed-deposit tenures.
Standard-tenure advantage
Special-tenure advantage
Best longer-term standard rate
Standard-tenure advantage
State Bank of India leads at 6.30% for two- and three-year deposits, and ties Bank of Baroda at 6.30% for four- and five-year deposits.
Special-tenure advantage
Bank of Baroda's standard rates are generally 6.25% for one- to three-year deposits, while Canara Bank offers 6.25% across the listed one- to five-year tenures.
Highest available regular return
Standard-tenure advantage
Standard deposits offer relatively similar rates, with all three banks paying 6.25% for one year.
Special-tenure advantage
Bank of Baroda's 555-day Golden Goal Deposit Scheme offers 6.75%, the highest regular-customer rate among the three banks.
Senior-citizen returns
Standard-tenure advantage
SBI provides an additional 50 basis points on applicable long-term retail rates.
Special-tenure advantage
Bank of Baroda and Canara Bank offer specific senior-citizen rates of up to 7.25% and 7.10%, respectively, on their 555-day deposits.
Key facts
- Highest regular rate
- Bank of Baroda offers 6.75% on its 555-day Golden Goal Deposit Scheme.
- Canara Bank special rate
- Canara Bank offers 6.60% on its 555-day special-tenure deposit.
- One-year rate
- All three banks offer 6.25% for regular customers.
- SBI two- and three-year rate
- State Bank of India offers 6.30% on two- and three-year standard retail deposits.
- 444-day rate
- Bank of Baroda and Canara Bank each offer 6.45% for 444 days.
- Senior-citizen maximum
- Bank of Baroda offers up to 7.25% on its 555-day scheme, while Canara Bank offers 7.10% and SBI provides a 50-basis-point premium on applicable long-term rates.
- SBI bulk deposits
- SBI's August 15, 2026 revision applies to deposits of ₹3 crore and above; retail rates below ₹3 crore were unchanged.
Sources
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