FD Interest Rates 2026 – SBI vs PNB vs BoB, Who Offers the Highest FD Interest Rate?

FD Interest Rates 2026: Many people today are looking for excellent investment schemes, and Fixed Deposits (FDs) have emerged as a key avenue for investors to achieve their financial goals while earning impressive returns. Given the significant volatility in the stock market and mutual funds, many people are turning to Fixed Deposits.

Interest rates are currently stable, presenting a great opportunity for investment. By choosing the right bank and the appropriate FD scheme, investors can secure excellent returns. Since investors often prefer to avoid risk, three of the country’s major public sector banks—SBI, PNB, and Bank of Baroda (BoB)—are offering attractive interest rates.

These banks currently offer excellent FD schemes. While their interest rates appear quite similar at first glance, significant differences emerge when comparing tenures, special schemes, and benefits for senior citizens. Let us explore this in detail in this article.

Benefits of Investing in FDs
Years ago, most people viewed FDs merely as a way to keep their capital safe; however, in the changing economic landscape, FDs are now seen as a strategic investment option. The amount invested in an FD remains completely secure and offers guaranteed returns at a predetermined interest rate. These investments remain unaffected by market fluctuations, and investors can withdraw funds when needed. Additionally, banks offer higher interest rates to senior citizens.

Comparison of FD Interest Rates: SBI, PNB, and BOB
When comparing these three public sector banks, their FD rates generally range between 6% and 6.60%. However, they offer attractive returns across various tenures.

Interest Rates on 1-Year FDs
For a 1-year FD, SBI and PNB offer nearly identical interest rates. SBI offers 6.25%, while PNB offers approximately 6.30%. BOB offers around 6.10%. PNB and SBI can be considered excellent investment options.

2 to 3-Year FD Schemes
If you are looking to invest in an FD for a medium-term tenure, PNB is an excellent choice. SBI offers an interest rate of approximately 6.40%, whereas PNB offers between 6.45% and 6.50%. BOB offers around 6.25%. PNB is a great option if you seek attractive returns over a 2-3 year period.

5-Year FD Schemes
For long-term FD investments, there is little difference in the interest rates offered by SBI, BOB, and PNB. BOB offers an interest rate of around 6.30%, SBI offers between 6.05% and 6.30%, and PNB offers approximately 6.10%. Long-term investments prove beneficial for investors.

Attractive Interest Rates on Special FD Schemes
If you are seeking higher returns compared to standard fixed deposits (FDs), special tenure FD schemes offered by public sector banks could be an excellent choice for you. One such option is the SBI Amrit Vrishti FD Scheme, which requires a 444-day investment tenure. Customers earn an interest rate of approximately 6.45% under this scheme, while senior citizens can earn up to 6.95%.

PNB’s Special FD Schemes
PNB offers attractive FD schemes to investors. A 444-day FD scheme yields up to 6.60% interest, while a 666-day FD offers 6.50%. Additionally, the bank provides returns exceeding 7% on investments made by senior citizens.

Bank of Baroda Square Drive Scheme
It is worth noting that the Bank of Baroda (BoB) also runs special schemes for investors, with the ‘Square Drive Scheme’ being particularly popular. Under this scheme, the bank offers interest rates of up to 6.45% for a 444-day FD, while senior citizens can earn up to 6.95%. This is an excellent option for investors seeking short-term opportunities.

Conclusion
If you wish to accumulate capital to secure your family’s future, SBI, PNB, and BoB offer excellent options. While there are marginal differences in interest rates among these three banks, the rates they offer can prove highly beneficial for investors.