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Fixed deposit comparison

SBI Tax Savings Scheme Fixed Deposit vs Bank of Baroda bob Tax Saving Fixed Deposit

Compare SBI Tax Savings Scheme Fixed Deposit and Bank of Baroda bob Tax Saving Fixed Deposit using the controlling cost, balance, rate, tenure, liquidity, limits, eligibility and current first-party bank evidence for this product type.

Fixed deposit comparison

SBI Tax Savings Scheme Fixed Deposit vs Bank of Baroda bob Tax Saving Fixed Deposit

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

Latest underlying reviewSeptember 10, 2026
State Bank of IndiaSBI Tax Savings Scheme Fixed Deposit

SBI customers who want a public-sector tax-saving deposit and are willing to verify the exact live five-year resident rate at booking rather than relying on an older cached rate.

Cost / pricing
SBI states that the applicable rate is the prevailing Term Deposit rate for Public/Senior Citizens. The engine leaves the exact five-year numeric anchor refresh-gated because the current first-party rate page did not expose a safely attributable tax-saver five-year row in this review.
Reviewed
September 10, 2026
Evidence
2 bank sources
Open product research
Bank of BarodaBank of Baroda bob Tax Saving Fixed Deposit

Eligible Bank of Baroda customers who want a public-sector tax saver with multiple payout variants and can verify the live prevailing five-year rate before booking.

Cost / pricing
Bank of Baroda states that the product uses the prevailing fixed-deposit rate and gives eligible resident senior citizens an additional rate under current guidelines. The exact current five-year numeric row remains refresh-gated in this review.
Reviewed
September 10, 2026
Evidence
2 bank sources
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bankingreference.info · Comparison research sheet

SBI Tax Savings Scheme Fixed Deposit vs Bank of Baroda bob Tax Saving Fixed Deposit

Prepared 14 Sep 2026 · Source page: https://bankingreference.info/compare-banking/sbi-tax-savings-scheme-fixed-deposit-vs-bob-tax-saving-fixed-deposit/

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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Each checkpoint reproduces the recorded product fields instead of assigning a winner. Read the condition, scope and missing-data state before treating a difference as useful to you.

01Are you comparing the same customer, amount and tenure?Start with the eligible customer or relationship and any balance, funding or tenure requirement.

SBI Tax Savings Scheme Fixed Deposit

Taxpayer / regime eligibility
Eligible SBI depositors under current scheme/KYC and tax-law conditions; senior pricing is subject to the current resident senior-citizen term-deposit schedule.
Qualifying amount / lock-in
Minimum ₹1,000 and thereafter in ₹100 multiples; maximum ₹1.5 lakh per financial year for the tax-saving scheme. SBI publishes a minimum five-year and maximum ten-year scheme period.

Bank of Baroda bob Tax Saving Fixed Deposit

Taxpayer / regime eligibility
Individuals and HUFs; firms, companies, trusts, societies, clubs, institutions and corporates are excluded by the current product page.
Qualifying amount / lock-in
Minimum ₹100 and thereafter in ₹100 multiples; maximum ₹1.5 lakh in a financial year for the qualifying investment; minimum five years and maximum ten years.
02Which dated rate schedule applies to that deposit?Match the customer category, currency, amount, tenure and effective date before comparing quoted rates. No return is calculated here.

SBI Tax Savings Scheme Fixed Deposit

Current five-year rate evidence
SBI states that the applicable rate is the prevailing Term Deposit rate for Public/Senior Citizens. The engine leaves the exact five-year numeric anchor refresh-gated because the current first-party rate page did not expose a safely attributable tax-saver five-year row in this review.

Bank of Baroda bob Tax Saving Fixed Deposit

Current five-year rate evidence
Bank of Baroda states that the product uses the prevailing fixed-deposit rate and gives eligible resident senior citizens an additional rate under current guidelines. The exact current five-year numeric row remains refresh-gated in this review.
03What happens if you need the money before maturity?Read the full liquidity and relationship conditions, including any recorded early-exit or payment restrictions.

SBI Tax Savings Scheme Fixed Deposit

Preclosure / loan restriction
The tax-saving lock-in is at least five years. Do not treat this as an ordinary callable SBI term deposit or infer a current five-year rate from a promotional maximum.
Tax-law / maturity condition
Rate is explicitly tied to SBI’s prevailing Public/Senior Citizen term-deposit rate; exact booking date and chosen scheme tenor remain controlling.

Bank of Baroda bob Tax Saving Fixed Deposit

Preclosure / loan restriction
Normal premature withdrawal before maturity is not allowed; Bank of Baroda documents a death-related prepayment exception. Loan/advance treatment should not be generalized from ordinary callable deposits.
Tax-law / maturity condition
On maturity Bank of Baroda documents product-specific maturity/renewal handling; the live prevailing FD rate and maturity instruction control rather than an evergreen headline percentage.
Other maintained comparisons for SBI Tax Savings Scheme Fixed DepositOther maintained comparisons for Bank of Baroda bob Tax Saving Fixed Deposit
Exact terms

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Banking product terms side by side for SBI Tax Savings Scheme Fixed Deposit and Bank of Baroda bob Tax Saving Fixed Deposit
Decision factorSBI Tax Savings Scheme Fixed DepositBank of Baroda bob Tax Saving Fixed Deposit
Current five-year rate evidenceSBI states that the applicable rate is the prevailing Term Deposit rate for Public/Senior Citizens. The engine leaves the exact five-year numeric anchor refresh-gated because the current first-party rate page did not expose a safely attributable tax-saver five-year row in this review.Bank of Baroda states that the product uses the prevailing fixed-deposit rate and gives eligible resident senior citizens an additional rate under current guidelines. The exact current five-year numeric row remains refresh-gated in this review.
Qualifying amount / lock-inMinimum ₹1,000 and thereafter in ₹100 multiples; maximum ₹1.5 lakh per financial year for the tax-saving scheme. SBI publishes a minimum five-year and maximum ten-year scheme period.Minimum ₹100 and thereafter in ₹100 multiples; maximum ₹1.5 lakh in a financial year for the qualifying investment; minimum five years and maximum ten years.
Deduction context / payoutTerm Deposit or Special Term Deposit payout mechanics follow SBI’s applicable deposit terms; qualifying principal can fall within the current aggregate tax-saving deduction framework, while interest remains subject to tax/TDS rules.RIRD reinvestment, monthly-interest and quarterly-interest variants; qualifying principal can fall within the current aggregate statutory deduction framework. Interest remains taxable/TDS-applicable.
Preclosure / loan restrictionThe tax-saving lock-in is at least five years. Do not treat this as an ordinary callable SBI term deposit or infer a current five-year rate from a promotional maximum.Normal premature withdrawal before maturity is not allowed; Bank of Baroda documents a death-related prepayment exception. Loan/advance treatment should not be generalized from ordinary callable deposits.
Taxpayer / regime eligibilityEligible SBI depositors under current scheme/KYC and tax-law conditions; senior pricing is subject to the current resident senior-citizen term-deposit schedule.Individuals and HUFs; firms, companies, trusts, societies, clubs, institutions and corporates are excluded by the current product page.
Tax-law / maturity conditionRate is explicitly tied to SBI’s prevailing Public/Senior Citizen term-deposit rate; exact booking date and chosen scheme tenor remain controlling.On maturity Bank of Baroda documents product-specific maturity/renewal handling; the live prevailing FD rate and maturity instruction control rather than an evergreen headline percentage.
Wrong-fit risks

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

State Bank of India

SBI Tax Savings Scheme Fixed Deposit

  • The deduction is part of the aggregate ₹1.5 lakh Section 123 / Schedule XV framework and is not available under the new concessional tax regime under Section 202; individual tax circumstances can differ.
  • The current exact five-year numeric rate is intentionally refresh-gated instead of copied from older SBI schedules.
  • From 1 April 2026, current tax-year references should use Section 123 read with Schedule XV of the Income-tax Act, 2025; some bank product copy still uses the legacy Section 80C label.
  • Interest on the deposit is not made tax-free merely because the principal is a qualifying tax-saving instrument.
Bank of Baroda

Bank of Baroda bob Tax Saving Fixed Deposit

  • The deduction is part of the aggregate ₹1.5 lakh Section 123 / Schedule XV framework and is not available under the new concessional tax regime under Section 202; individual tax circumstances can differ.
  • From 1 April 2026, current tax-year references should use Section 123 read with Schedule XV of the Income-tax Act, 2025; some bank product copy still uses the legacy Section 80C label.
  • The exact current five-year numeric rate is refresh-gated because the reviewed product page points to the prevailing rate without exposing a safely normalized current five-year figure.
  • The bank page contains legacy TDS/form wording; current Income-tax Act 2025 processes control from April 2026.
Research tools

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Independent source state

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Bank of Baroda

Bank of Baroda bob Tax Saving Fixed Deposit

Reviewed
September 10, 2026
Attached first-party sources
2
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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.

SBI Tax Savings Scheme Fixed Deposit

Reviewed September 10, 2026 · 2 attached first-party sources

  1. Issuer product pagehttps://sbi.bank.in/web/yono/tax-saver-fixed-deposit?inheritRedirect=true
  2. Issuer product pagehttps://sbi.bank.in/web/interest-rates/deposit-rates/retail-domestic-term-deposits

Bank of Baroda bob Tax Saving Fixed Deposit

Reviewed September 10, 2026 · 2 attached first-party sources

  1. Issuer product pagehttps://bankofbaroda.bank.in/accounts/term-deposit/fixed-deposit/tax-saving-fixed-deposit
  2. Issuer product pagehttps://bankofbaroda.bank.in/accounts/term-deposit/fixed-deposit