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SBI 5-year FD vs BoB 5-year FD: Which can give higher maturity on Rs 4.85 lakh, Rs 5.70 lakh, Rs 6.95 lakh investments?
- Written by ZeeBiz WebTeam
Published: 4:12 PM, Apr 24, 2025
|Updated: 4:21 PM, Apr 24, 2025
SBI 5-year FD vs BoB 5-year FD: Following the Reserve Bank of India's 25 basis points (bps) repo rate cut during its April 9, 2025, bi-monthly monetary policy meeting, several leading banks have revised their fixed deposit (FD) interest rates downward. However, State Bank of India (SBI) and Bank of Baroda (BoB) FD returns remain the same on their 5-year FD schemes. Despite this, fixed deposits remain a popular investment option for those looking for guaranteed and stable returns. Both SBI and BoB continue to offer competitive interest rates on their 5-year FD schemes, even in the current rate environment.
In this article, we’ll show you how much maturity you can expect if you invest Rs 4.85 lakh, Rs 5.70 lakh, or Rs 6.95 lakh in SBI and BoB 5-year fixed deposits.
(Disclaimer: These are projected calculations based on current FD rates and should not be considered financial advice. Please consult a financial expert for personalised investment planning.)
Images: Pixabay, Freepik, Unsplash
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What is fixed deposit?
A fixed deposit (FD) is a low-risk investment option where you deposit a lump sum amount with a bank or a small finance bank for a fixed tenure at a predetermined interest rate. It guarantees returns and is ideal for individuals with a low-risk appetite.
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Benefits of fixed deposits
- Fixed deposits provide an assured rate of return, so investors know exactly what they will earn. - Tax benefits are available as interest is not deducted at source (TDS) unless it exceeds the income tax threshold—this is especially helpful for small depositors. - FDs offer ease of liquidation, both online and through bank branches, adding to investor flexibility.
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Downward revision in FD interest rates
Following the Reserve Bank of India's recent 25 basis points cut in the repo rate to support economic growth, most major commercial banks have revised their fixed deposit interest rates downwards. This drop in FD rates particularly affects conservative investors such as senior citizens, who rely heavily on FDs for stable and secure returns.
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SBI latest interest rates
State Bank of India is currently offering a 6.50 per cent interest rate on its 5-year fixed deposit for general citizens. Senior citizens can benefit from a higher rate of 7.50 per cent on the same scheme.
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Bank of Baroda (BoB) latest interest rates
Bank of Baroda is offering 6.80 per cent interest on its 5-year fixed deposit scheme for general citizens. Senior citizens can earn a slightly higher rate of 7.40 per cent.
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SBI 5-year FD: Maturity on Rs 4,85,000 investment for general citizens
The estimated maturity value is Rs 6,69,503.59.
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SBI 5-year FD: Maturity on Rs 5,70,000 investment for general citizens
The estimated maturity value is Rs 7,86,839.27.
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SBI 5-year FD: Maturity on Rs 6,95,000 investment for general citizens
The estimated maturity value is Rs 9,59,391.74.
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BoB 5-year FD: Maturity on Rs 4,85,000 investment for general citizens
The estimated maturity value is Rs 6,79,455.15.
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BoB 5-year FD: Maturity on Rs 5,70,000 investment for general citizens
The estimated maturity value is Rs 7,98,534.92.
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BoB 5-year FD: Maturity on Rs 6,95,000 investment for general citizens
The estimated maturity value is Rs 9,73,652.23.
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