Comparing Interest rates on Canara Bank Vs SBI Vs Bank of Baroda

The rise in interest rates has led the RBI to raise its interest rates on deposits and loans for other banks. The banks are raising their interest rates in response to the RBI's interest rate hike, and the interest rate on several fixed deposit products has lately changed positively. An extensive list of leading banks has raised their interest rates on fixed deposits, including SBI, Canara Bank, and Bank of Baroda.

Here is the list of updated interest rates on the fixed deposits of SBI, Canara Banks and Bank of Baroda.

Interest rates on Fixed Deposits of State bank of India (SBI)

Tenors	Interest rates (in %)
7 Days to 45 Days	2.90
46 Days to 179 Days	3.90
180 Days to 210 Days	4.55
211 Days to 1 year	4.60
1 year to 2 years	5.45
2 years to 3 years	5.50
3 years to 5 years	5.60
5 years to 10 years	5.65

Interest rates on Fixed Deposits of Canara Bank

Tenors	Interest rates (in %)
7 Days to 45 Days -	2.90
46 Days to 90 Days	4.00
91 Days to 179 Days	4.05
180 Days to 269 Days	4.65
270 Days to less than a year	4.65
333 days Scheme	5.10
1 year only	5.50
Above one year to less than 2 years	5.55
666 Days	6.00
2 years to less than 3 years	5.60
3 years & above to less than 5 years	5.75
5 years & above to less than 10 years	5.75

Interest rates on Fixed Deposits of Bank of Baroda

Tenors	Interest rates (in %)
7 Days to 45 Days -	3.00
46 Days to 90 Days	4.00
91 Days to 180 Days	4.00
181 Days to 270 Days	4.65
271 Days to less than a year	4.65
1 year	5.30
Above one year to 400 days	5.45
Above 400 days to 2 years	5.45
Above 2 years to 3 years	5.50
Above 3 years to 5 years	5.50
Above 5 years to 10 years	5.50

The interest rates of different banks mentioned above are applicable for Retail Domestic term Deposits below Rs. 2 crore.