Private Sector
Private Sector
Bank of India vs Utkarsh Small Finance Bank Fixed Deposit Comparison 2025
Compare interest rates, features, and returns between Bank of India (Private Sector) and Utkarsh Small Finance Bank (Private Sector).
Five Lakhs rupees
Interest Rate Comparison
General rates across different tenures
Current selection: 3 years (1095 days) -BOI: % |Utkarsh SFB: %
Direct comparison of general rates
Feature Comparison
| Features |  BOI Private Sector |  Utkarsh SFB Private Sector |
|---|---|---|
Minimum FD Amount | ₹10,000 | ₹1,000 |
Current Interest Rate (Selected Tenure) | % | % |
Premature Withdrawal Penalty | 1% | 1% |
Official Rate Source | View Official Rates | View Official Rates |
Key Advantages:
Key Advantages:
₹5 Lakh Insurance Limit
The Deposit Insurance and Credit Guarantee Corporation (DICGC) provides insurance coverage of up to ₹5 lakhs per depositor per bank. This means if you deposit more than ₹5 lakhs in a single bank, only ₹5 lakhs is guaranteed by the government.
⚠️ Recommendation:
Never deposit more than ₹5 lakhs in a single bank. If you have larger amounts, distribute them across multiple banks to ensure full insurance coverage.
Smart Distribution Strategy
For ₹10 lakhs: Split between BOI (₹5L) + Utkarsh SFB (₹5L)
For ₹15 lakhs: Add a third bank to the mix
💡 Pro Tip:
You can also open FDs in different family members' names in the same bank to get additional ₹5 lakh coverage for each account holder.
Key Insights & Recommendations
- • Minimum amount: ₹10,000
- • Private Sector banking preference
- • Government-owned bank with strong security
- • Established in 1906, nationalized in 1969
- • Wide branch network across India
- • Minimum amount: ₹1,000
- • Private Sector banking preference
- • Small Finance Bank with highest FD rates
- • Premium rates up to 8.75% for senior citizens (2-3 years)
- • Established in 2017 with strong track record
- • Split large amounts across both banks
- • Keep ≤₹5L per bank for insurance
- • Compare rates before investing
- • Consider branch convenience
- • Review rates periodically
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