Bank of Baroda vs Kotak Mahindra Bank Fixed Deposit Comparison 2026
Compare Fixed Deposit interest rates, maturity amounts, and features between Bank of Baroda (Public Sector) and Kotak Mahindra Bank (Private Sector). Analyze the security of public sector banking versus the convenience of private sector services.
BOB
Kotak
Adjust the parameters below to see how returns compare between the two banks
Five Lakhs rupees
Interest Rate Comparison
General rates across different tenures
Current selection: 3 years (1095 days) -BOB: % |Kotak: %
Direct comparison of general rates
Feature Comparison
Features | BOB Public Sector | Kotak Private Sector |
|---|---|---|
Minimum FD Amount | ₹1,000 | ₹5,000 |
Current Interest Rate(Selected Tenure) | % | % |
Premature Withdrawal Penalty | 1% | 1% |
Official Rate Source | View Official Rates | View Official Rates |
Key Advantages:
Key Advantages:
₹5 Lakh Insurance Limit
The Deposit Insurance and Credit Guarantee Corporation (DICGC) provides insurance coverage of up to ₹5 lakhs per depositor per bank. This means if you deposit more than ₹5 lakhs in a single bank, only ₹5 lakhs is guaranteed by the government.
⚠️ Recommendation:
Never deposit more than ₹5 lakhs in a single bank. If you have larger amounts, distribute them across multiple banks to ensure full insurance coverage.
Smart Distribution Strategy
For ₹10 lakhs: Split between BOB (₹5L) + Kotak (₹5L)
For ₹15 lakhs: Add a third bank to the mix
Best of Both: Combine BOB (security) with Kotak (convenience)
💡 Pro Tip:
You can also open FDs in different family members' names in the same bank to get additional ₹5 lakh coverage for each account holder.
Key Insights & Recommendations
- •Minimum amount: ₹1,000
- •Public Sector banking preference
- •Government-owned bank with strong security
- •Wide branch network across India
- •Competitive interest rates
- •Minimum amount: ₹5,000
- •Private Sector banking preference
- •Premium banking experience
- •Personalized service
- •Technology-driven
- •Split large amounts across both banks
- •Keep ≤₹5L per bank for insurance
- •Use BOB for stability
- •Use Kotak for convenience
- •Review rates periodically
Explore more FD comparisons
Looking for a different bank matchup? Use these quick links to jump to other FD comparisons.
Ready to Invest in Fixed Deposits?
Use our individual bank calculators for detailed planning