Equitas Small Finance Bank vs Central Bank of India Fixed Deposit Comparison 2025
Compare Fixed Deposit interest rates, maturity amounts, and features between Equitas Small Finance Bank (Private Sector) and Central Bank of India (Public Sector). Analyze the security of public sector banking versus the convenience of private sector services.
Equitas SFB
Central Bank
Adjust the parameters below to see how returns compare between the two banks
Five Lakhs rupees
Interest Rate Comparison
General rates across different tenures
Current selection: 3 years (1095 days) -Equitas SFB: % |Central Bank: %
Direct comparison of general rates
Feature Comparison
Features | Equitas SFB Private Sector | Central Bank Public Sector |
|---|---|---|
Minimum FD Amount | ₹1,000 | ₹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 Equitas SFB (₹5L) + Central Bank (₹5L)
For ₹15 lakhs: Add a third bank to the mix
Best of Both: Combine Equitas SFB (convenience) with Central Bank (security)
💡 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: ₹1,000
- •Private Sector banking preference
- •Small Finance Bank with competitive rates
- •Special 888 days FD scheme with 7.80% for senior citizens
- •High FD rates up to 7.60% for senior citizens
- •Minimum amount: ₹1,000
- •Public Sector banking preference
- •Government-owned public sector bank
- •Established in 1911, nationalized in 1969
- •Wide branch network across India
- •Split large amounts across both banks
- •Keep ≤₹5L per bank for insurance
- •Use Equitas SFB for convenience
- •Use Central Bank for stability
- •Review rates periodically
Explore more FD comparisons
Looking for a different bank matchup? Use these quick links to jump to other FD comparisons.
Ready to Invest in Fixed Deposits?
Use our individual bank calculators for detailed planning