PNB vs Bank of Baroda FD Rates — Which is Better in 2026?
PNB offers 6.80% FD rate (1-year) vs Bank of Baroda at 6.85%. Bank of Baroda gives you ₹50 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
PNB
6.80%
FD rate (1 year)
Bank of Baroda
6.85%
FD rate (1 year)
✓ Better dealPNB vs Bank of Baroda FD Rates — Detailed Comparison
| Feature | PNB | Bank of Baroda |
|---|---|---|
| FD Rate (1Y) | 6.80% | ✓6.85% |
| Account Opening | No fee | No fee |
| Tenure | 7 days – 10 years | 7 days – 10 years |
| Eligibility | Any individual, joint, minor | Any individual, joint, HUF, company |
FD Rate (1Y)
PNB
6.80%
Bank of Baroda
6.85%
Account Opening
PNB
No fee
Bank of Baroda
No fee
Tenure
PNB
7 days – 10 years
Bank of Baroda
7 days – 10 years
Eligibility
PNB
Any individual, joint, minor
Bank of Baroda
Any individual, joint, HUF, company
Verdict
Bank of Baroda offers the better FD rate (6.85%) vs PNB (6.80%). 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 — PNB or Bank of Baroda?+
Bank of Baroda offers a higher FD rate. PNB pays 6.80% 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 PNB 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 PNB's rate of 6.80%, a ₹1L FD matures to approximately ₹1,06,975. 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.