Kotak vs Bank of Baroda FD Rates — Which is Better in 2026?
Kotak offers 7.20% FD rate (1-year) vs Bank of Baroda at 6.85%. Kotak gives you ₹350 more interest per year on a ₹10L deposit. Both banks are RBI-regulated and DICGC insured up to ₹5L per depositor.
Last updated: April 6, 2026
Kotak
7.20%
FD rate (1 year)
✓ Better dealBank of Baroda
6.85%
FD rate (1 year)
Kotak vs Bank of Baroda FD Rates — Detailed Comparison
| Feature | Kotak | Bank of Baroda |
|---|---|---|
| FD Rate (1Y) | ✓7.20% | 6.85% |
| Account Opening | No fee | No fee |
| Tenure | 7 days – 10 years | 7 days – 10 years |
| Eligibility | Any individual, joint, HUF | Any individual, joint, HUF, company |
FD Rate (1Y)
Kotak
7.20%
Bank of Baroda
6.85%
Account Opening
Kotak
No fee
Bank of Baroda
No fee
Tenure
Kotak
7 days – 10 years
Bank of Baroda
7 days – 10 years
Eligibility
Kotak
Any individual, joint, HUF
Bank of Baroda
Any individual, joint, HUF, company
Verdict
Kotak offers the better FD rate (7.20%) vs Bank of Baroda (6.85%). Both are DICGC insured up to ₹5L. If you have more than ₹5L to park, split across banks to maximise insurance coverage. Senior citizens get an additional 0.50% at most banks — always check the senior citizen rate separately.
Frequently Asked Questions
Which bank gives higher FD interest — Kotak or Bank of Baroda?+
Kotak offers a higher FD rate. Kotak pays 7.20% and Bank of Baroda pays 6.85% on a 1-year FD. For longer tenures (3-5 years), rates may differ — always check the bank's rate card for your specific tenure.
Is FD in Kotak or Bank of Baroda safer?+
Both banks are RBI-regulated and deposits are insured by DICGC up to ₹5 lakh per depositor per bank. For amounts above ₹5L, consider splitting across both banks to maximise insurance coverage.
What is the maturity amount on a ₹1L FD for 1 year?+
At Kotak's rate of 7.20%, a ₹1L FD matures to approximately ₹1,07,397. At Bank of Baroda's rate of 6.85%, it is ₹1,07,028. Interest is taxable as per your income tax slab.
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Disclaimer: Interest rates shown are indicative as of April 2026 and subject to change without notice. Actual rates depend on your credit score, income, and bank policy. This is for informational purposes only and does not constitute financial advice. Always verify rates with the bank before applying.