Bank FD Comparison Tool
Bank of India vs State Bank of India Fixed Deposit Comparison 2026
Compare Fixed Deposit interest rates, maturity amounts, and features between Bank of India (Public Sector) and State Bank of India (Public Sector).
BOI
Public Sector
VS
SBI
Public Sector
BOI: Min ₹10,000
SBI: Min ₹1,000
DICGC Insured up to ₹5 Lakhs
Compare Your FD Returns
Adjust the parameters below to see how returns compare between the two banks
₹
Five Lakhs rupees
₹10,000₹20,00,000
years
1 year10 years
Interest Rate Comparison
Interest Rates by Tenure
General rates across different tenures
Current selection: 3 years (1095 days) -BOI: % |SBI: %
Side-by-Side Rate Comparison
Direct comparison of general rates
BOI
SBI
Highlighted = Your selected tenure
Feature Comparison
Features | BOI Public Sector | SBI Public Sector |
|---|---|---|
Minimum FD Amount | ₹10,000 | ₹1,000 |
Current Interest Rate(Selected Tenure) | % | % |
Premature Withdrawal Penalty | 1% | 1% |
Official Rate Source | View Official Rates | View Official Rates |
Bank of India
Public Sector Bank
Key Advantages:
Government-owned bank with strong security
Established in 1906, nationalized in 1969
Wide branch network across India
Special Star Swarnim FD scheme (450 days)
Green Deposit for sustainable investments
Tax-saving FD options available
State Bank of India
Public Sector Bank
Key Advantages:
Largest branch network in India
Government backing and security
Online FD booking available
Competitive interest rates
Easy premature withdrawal
Important: Fixed Deposit Safety & Insurance Coverage
₹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 BOI (₹5L) + SBI (₹5L)
For ₹15 lakhs: Add a third bank to the mix
💡 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
Choose BOI If:
- •Minimum amount: ₹10,000
- •Public Sector banking preference
- •Government-owned bank with strong security
- •Established in 1906, nationalized in 1969
- •Wide branch network across India
Choose SBI If:
- •Minimum amount: ₹1,000
- •Public Sector banking preference
- •Largest branch network in India
- •Government backing and security
- •Online FD booking available
Best Strategy:
- •Split large amounts across both banks
- •Keep ≤₹5L per bank for insurance
- •Compare rates before investing
- •Consider branch convenience
- •Review rates periodically
Explore more FD comparisons
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