The maximum rate of interest that the bank offers is 7.70 percent which is given to senior citizens for a tenor that ranges between 390 days to less than two years.īank of Baroda: The state lender offers higher than 7 percent for tenors that ranges between 2-3 years (7.05 percent) and for 399 days for which it offers 7.25 percent under Baroda Tiranga Plus Deposit Scheme.

When tenor increases to 390 days or more, the rate rises to 7.20 percent. Kotak Mahindra: Kotak Mahindra offers 7.10 percent interest rate on fixed deposits that are longer than 364 days. ( These rates of interest on FDs are only offered to the senior citizens)