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Government savings scheme comparison

Public Provident Fund (PPF) — Bank of Baroda service route vs Floating Rate Savings Bonds 2020 (Taxable) — Bank of Baroda service route

Compare Public Provident Fund (PPF) — Bank of Baroda service route and Floating Rate Savings Bonds 2020 (Taxable) — Bank of Baroda service route using the controlling cost, balance, rate, tenure, liquidity, limits, eligibility and current first-party bank evidence for this product type.

Government savings scheme comparison

Public Provident Fund (PPF) — Bank of Baroda service route vs Floating Rate Savings Bonds 2020 (Taxable) — Bank of Baroda service route

Compare the two source-backed records without collapsing unlike conditions into a winner score.

Latest underlying reviewSeptember 10, 2026
Bank of BarodaPublic Provident Fund (PPF) — Bank of Baroda service route

Resident individuals seeking long-horizon government-backed compounding and tax-exempt PPF interest/maturity value who can accept contribution caps and rule-based access rather than FD-style redemption.

Cost / pricing
7.10% p.a. for 1 July–30 September 2026; the Government reviews the PPF rate quarterly and interest is compounded/credited annually rather than locked at the opening rate for all 15 years.
Reviewed
September 10, 2026
Evidence
3 bank sources
Open product research
Bank of BarodaFloating Rate Savings Bonds 2020 (Taxable) — Bank of Baroda service route

Resident investors seeking government-credit exposure and semiannual income who can accept taxable interest, a floating coupon and very limited early redemption.

Cost / pricing
Current 1 July–31 December 2026 coupon is 8.05% p.a. by published formula: the current NSC rate of 7.70% plus 35 basis points. This is formula-derived from current government small-savings evidence, not copied from a fresh Bank of Baroda numeric bulletin. Interest is paid semiannually and is taxable.
Reviewed
September 10, 2026
Evidence
4 bank sources
Open product research
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bankingreference.info · Comparison research sheet

Public Provident Fund (PPF) — Bank of Baroda service route vs Floating Rate Savings Bonds 2020 (Taxable) — Bank of Baroda service route

Prepared 14 Sep 2026 · Source page: https://bankingreference.info/compare-banking/bob-public-provident-fund-vs-bob-floating-rate-savings-bonds-2020/

General product research only. Recheck the listed first-party sources before acting because product terms can change after the recorded review dates.

Decision checkpoints

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01Do you qualify for the scheme and investment term?Start with the eligible customer or relationship and any balance, funding or tenure requirement.

Public Provident Fund (PPF) — Bank of Baroda service route

Scheme eligibility
Resident individual in own name or as eligible guardian for a minor/person of unsound mind under current rules. HUF and NRI customers cannot open a new PPF account under the reviewed bank rules.
Contribution / investment / term
Minimum ₹500 in a financial year and maximum ₹1.5 lakh in a financial year, in permitted multiples. Initial tenure is 15 years with extension available in five-year blocks under current rules.

Floating Rate Savings Bonds 2020 (Taxable) — Bank of Baroda service route

Scheme eligibility
Resident individuals, including permitted joint holdings and guardian/minor holdings, and HUFs under the reviewed bond terms. NRI purchase is not modeled as eligible.
Contribution / investment / term
Minimum ₹1,000 in ₹1,000 multiples; no maximum subscription limit. Each investment has a seven-year maturity from its subscription date.
02Which dated scheme rate or mechanism applies?Match the customer category, currency, amount, tenure and effective date before comparing quoted rates. No return is calculated here.

Public Provident Fund (PPF) — Bank of Baroda service route

Current government rate / mechanism
7.10% p.a. for 1 July–30 September 2026; the Government reviews the PPF rate quarterly and interest is compounded/credited annually rather than locked at the opening rate for all 15 years.

Floating Rate Savings Bonds 2020 (Taxable) — Bank of Baroda service route

Current government rate / mechanism
Current 1 July–31 December 2026 coupon is 8.05% p.a. by published formula: the current NSC rate of 7.70% plus 35 basis points. This is formula-derived from current government small-savings evidence, not copied from a fresh Bank of Baroda numeric bulletin. Interest is paid semiannually and is taxable.
03What access, transfer or withdrawal rules need checking?Read the full liquidity and relationship conditions, including any recorded early-exit or payment restrictions.

Public Provident Fund (PPF) — Bank of Baroda service route

Liquidity / loan / transfer rules
No joint PPF account. Ordinary on-demand closure is not available; loans, partial withdrawals and premature closure operate only in the scheme’s prescribed windows/grounds. Contributions above the statutory annual ceiling do not earn PPF treatment.
Government / service-channel rule
Bank of Baroda operates PPF as an authorized service route and allows eligible customers to use bob World; the Government sets the rate and scheme rules, and accounts are transferable across authorized bank/post-office channels.

Floating Rate Savings Bonds 2020 (Taxable) — Bank of Baroda service route

Liquidity / loan / transfer rules
Not tradable in the secondary market and not eligible as loan collateral. Premature encashment is restricted to eligible investors aged 60+: six-year lock for ages 60–70, five years for 70–80 and four years for 80+, with the current premature-redemption penalty mechanics.
Government / service-channel rule
Bank of Baroda is one authorized receiving/service route; RBI operational guidelines state the bonds are Government of India securities serviced through authorized receiving offices. The coupon is government-formula-driven rather than bank-set.
Other maintained comparisons for Public Provident Fund (PPF) — Bank of Baroda service routeOther maintained comparisons for Floating Rate Savings Bonds 2020 (Taxable) — Bank of Baroda service route
Exact terms

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Banking product terms side by side for Public Provident Fund (PPF) — Bank of Baroda service route and Floating Rate Savings Bonds 2020 (Taxable) — Bank of Baroda service route
Decision factorPublic Provident Fund (PPF) — Bank of Baroda service routeFloating Rate Savings Bonds 2020 (Taxable) — Bank of Baroda service route
Current government rate / mechanism7.10% p.a. for 1 July–30 September 2026; the Government reviews the PPF rate quarterly and interest is compounded/credited annually rather than locked at the opening rate for all 15 years.Current 1 July–31 December 2026 coupon is 8.05% p.a. by published formula: the current NSC rate of 7.70% plus 35 basis points. This is formula-derived from current government small-savings evidence, not copied from a fresh Bank of Baroda numeric bulletin. Interest is paid semiannually and is taxable.
Contribution / investment / termMinimum ₹500 in a financial year and maximum ₹1.5 lakh in a financial year, in permitted multiples. Initial tenure is 15 years with extension available in five-year blocks under current rules.Minimum ₹1,000 in ₹1,000 multiples; no maximum subscription limit. Each investment has a seven-year maturity from its subscription date.
Payout / tax / scheme benefitsGovernment-backed long-term savings, tax-exempt PPF interest and maturity treatment under current tax rules, nomination, transfer between authorized bank/post-office routes and rule-based loan/withdrawal facilities. Eligible contributions can fall within the aggregate Section 123 / Schedule XV deduction framework under the applicable tax regime.Government of India bond, half-yearly interest, nomination and no maximum investment ceiling. The rate resets every 1 January and 1 July using the published NSC-plus-35-bps formula.
Liquidity / loan / transfer rulesNo joint PPF account. Ordinary on-demand closure is not available; loans, partial withdrawals and premature closure operate only in the scheme’s prescribed windows/grounds. Contributions above the statutory annual ceiling do not earn PPF treatment.Not tradable in the secondary market and not eligible as loan collateral. Premature encashment is restricted to eligible investors aged 60+: six-year lock for ages 60–70, five years for 70–80 and four years for 80+, with the current premature-redemption penalty mechanics.
Scheme eligibilityResident individual in own name or as eligible guardian for a minor/person of unsound mind under current rules. HUF and NRI customers cannot open a new PPF account under the reviewed bank rules.Resident individuals, including permitted joint holdings and guardian/minor holdings, and HUFs under the reviewed bond terms. NRI purchase is not modeled as eligible.
Government / service-channel ruleBank of Baroda operates PPF as an authorized service route and allows eligible customers to use bob World; the Government sets the rate and scheme rules, and accounts are transferable across authorized bank/post-office channels.Bank of Baroda is one authorized receiving/service route; RBI operational guidelines state the bonds are Government of India securities serviced through authorized receiving offices. The coupon is government-formula-driven rather than bank-set.
Wrong-fit risks

Keep each product’s cautions beside the product.

A useful comparison shows what can make either option unsuitable instead of averaging those conditions into a score.

Bank of Baroda

Public Provident Fund (PPF) — Bank of Baroda service route

  • PPF’s 7.10% is a current-quarter rate applied under government rules; it is not a 15-year fixed coupon.
  • The annual ₹1.5 lakh contribution ceiling is separate from the aggregate statutory tax-deduction ceiling across specified savings instruments.
  • Tax benefits depend on current law and tax regime; the bank page still uses legacy Section 80C wording while the engine maps current 2026-law numbering.
  • PPF liquidity is rule-based and should not be compared with an ordinary callable bank deposit solely on headline yield.
Bank of Baroda

Floating Rate Savings Bonds 2020 (Taxable) — Bank of Baroda service route

  • 8.05% is a formula-derived current half-year coupon from NSC 7.70% + 0.35%; the coupon can change at the next half-year reset.
  • Interest is taxable and TDS can apply under current rules; this is not a tax-free government bond.
  • The bond is illiquid for investors below the eligible senior-age premature-redemption route and cannot be pledged for a loan.
  • Do not compare the floating coupon directly with a fixed-at-opening SCSS/KVP rate without considering reset risk and cash-flow timing.
Research tools

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Independent source state

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Bank of Baroda

Public Provident Fund (PPF) — Bank of Baroda service route

Reviewed
September 10, 2026
Attached first-party sources
3
Open primary bank source ↗
Bank of Baroda

Floating Rate Savings Bonds 2020 (Taxable) — Bank of Baroda service route

Reviewed
September 10, 2026
Attached first-party sources
4
Open primary bank source ↗
MethodologyResearch statusMore banking comparisons

First-party source appendix

These are the exact source URLs already attached to the two research records. Re-open the controlling documents before relying on a fee, rate, limit, eligibility rule or benefit.

Public Provident Fund (PPF) — Bank of Baroda service route

Reviewed September 10, 2026 · 3 attached first-party sources

  1. Issuer product pagehttps://bankofbaroda.bank.in/accounts/baroda-public-provident-fund
  2. Issuer product pagehttps://dea.gov.in/budget-division/475
  3. Issuer product pagehttps://indianbank.bank.in/en/interest-rates-for-small-savings-schemes

Floating Rate Savings Bonds 2020 (Taxable) — Bank of Baroda service route

Reviewed September 10, 2026 · 4 attached first-party sources

  1. Issuer product pagehttps://bankofbaroda.bank.in/investments/government-deposit-schemes/floating-rate-savings-bonds
  2. Issuer product pagehttps://www.rbi.org.in/scripts/NotificationUser.aspx?Id=11924
  3. Issuer product pagehttps://indianbank.bank.in/en/interest-rates-for-small-savings-schemes
  4. Issuer product pagehttps://dea.gov.in/budget-division/475