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Fixed deposit comparison

Canara Bank Tax Saver Scheme vs Bank of Baroda bob Tax Saving Fixed Deposit

Compare Canara Bank Tax Saver Scheme 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

Canara Bank Tax Saver Scheme 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
Canara BankCanara Bank Tax Saver Scheme

Eligible public-sector-bank depositors who want a low minimum tax-saving FD and value a clearly documented death exception and payout-mode choices.

Cost / pricing
Canara’s domestic callable schedule below ₹3 crore is effective 17 March 2026; the five-years-to-ten-years rate is 6.25% p.a. general and 6.75% p.a. for eligible resident senior citizens.
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
Open product research
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littleden.blog · Comparison research sheet

Canara Bank Tax Saver Scheme vs Bank of Baroda bob Tax Saving Fixed Deposit

Prepared 14 Sep 2026 · Source page: https://littleden.blog/compare-banking/canara-tax-saver-scheme-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

Answer the questions that can actually change the choice.

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.

Canara Bank Tax Saver Scheme

Taxpayer / regime eligibility
Individuals, Karta of HUF and permitted joint formats under current Canara terms; tax deduction in a joint deposit is attached to the first holder subject to current law/regime.
Qualifying amount / lock-in
Minimum ₹100 in ₹100 multiples; maximum ₹1.5 lakh per person; fixed five-year tax-saver 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.

Canara Bank Tax Saver Scheme

Current five-year rate evidence
Canara’s domestic callable schedule below ₹3 crore is effective 17 March 2026; the five-years-to-ten-years rate is 6.25% p.a. general and 6.75% p.a. for eligible resident senior citizens.

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.

Canara Bank Tax Saver Scheme

Preclosure / loan restriction
Cannot be pledged as collateral and cannot normally be closed prematurely; Canara explicitly states an exception in the event of the depositor’s death.
Tax-law / maturity condition
This tax-saver is held apart from Canara’s ordinary callable and non-callable rate structures even when its five-year rate is sourced from the current domestic schedule.

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 Canara Bank Tax Saver SchemeOther maintained comparisons for Bank of Baroda bob Tax Saving Fixed Deposit
Exact terms

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Banking product terms side by side for Canara Bank Tax Saver Scheme and Bank of Baroda bob Tax Saving Fixed Deposit
Decision factorCanara Bank Tax Saver SchemeBank of Baroda bob Tax Saving Fixed Deposit
Current five-year rate evidenceCanara’s domestic callable schedule below ₹3 crore is effective 17 March 2026; the five-years-to-ten-years rate is 6.25% p.a. general and 6.75% p.a. for eligible resident senior citizens.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 ₹100 in ₹100 multiples; maximum ₹1.5 lakh per person; fixed five-year tax-saver 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 / payoutMonthly discounted or quarterly payout under the Fixed Deposit stream, or quarterly compounding under Kamadhenu. Qualifying principal can fall within the aggregate statutory deduction ceiling; interest remains taxable/TDS-applicable.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 restrictionCannot be pledged as collateral and cannot normally be closed prematurely; Canara explicitly states an exception in the event of the depositor’s death.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 eligibilityIndividuals, Karta of HUF and permitted joint formats under current Canara terms; tax deduction in a joint deposit is attached to the first holder subject to current law/regime.Individuals and HUFs; firms, companies, trusts, societies, clubs, institutions and corporates are excluded by the current product page.
Tax-law / maturity conditionThis tax-saver is held apart from Canara’s ordinary callable and non-callable rate structures even when its five-year rate is sourced from the current domestic schedule.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.

Canara Bank

Canara Bank Tax Saver Scheme

  • 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 death exception is not ordinary liquidity and should not be presented as a normal premature-withdrawal option.
  • Interest is taxable/TDS-applicable even though the qualifying principal can support a deduction.
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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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.

Canara Bank Tax Saver Scheme

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

  1. Issuer product pagehttps://www.canarabank.bank.in/canara-tax-saver-scheme
  2. Issuer product pagehttps://www.canarabank.bank.in/term-deposits-rate-of-interest-p.a.

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