Bank FD Comparison Tool
Indian Bank vs Muthoot Capital Services Ltd Fixed Deposit Comparison 2026
Compare Fixed Deposit interest rates, maturity amounts, and features between Indian Bank (Public Sector) and Muthoot Capital Services Ltd (Private Sector). Analyze the security of public sector banking versus the convenience of private sector services.
Indian Bank
Public Sector
VS
Muthoot Finance
Private Sector
Indian Bank: Min ₹1,000
Muthoot Finance: Min ₹1,000
Security vs Convenience
DICGC Insured up to ₹5 Lakhs
Compare Your FD Returns
Adjust the parameters below to see how returns compare between the two banks
₹
Five Lakhs rupees
₹1,000₹20,00,000
years
1 year10 years
Interest Rate Comparison
Interest Rates by Tenure
General rates across different tenures
Current selection: 3 years (1095 days) -Indian Bank: % |Muthoot Finance: %
Side-by-Side Rate Comparison
Direct comparison of general rates
Indian Bank
Muthoot Finance
Highlighted = Your selected tenure
Feature Comparison
Features | Indian Bank Public Sector | Muthoot Finance Private 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 |
Indian Bank
Public Sector Bank
Key Advantages:
Government-owned public sector bank
Established in 1907, nationalized in 1969
Wide network across India and abroad
Special Ind Secure FD scheme (444 days)
Ind Green Deposit for sustainable development
Senior citizens get +0.50% additional interest
Muthoot Capital Services Ltd
Private Sector Bank
Key Advantages:
NBFC with attractive interest rates up to 9.20% p.a. for senior citizens (Maturity Scheme)
Senior citizens get +0.25% additional interest on all schemes
Maturity Scheme (Cumulative Deposits) with annualized yield up to 10.08%
Monthly Income Plan, Annual Scheme, and Maturity Scheme available
Flexible tenure from 12 to 60 months
Guaranteed returns
Easy documentation process
Minimum deposit: ₹1,000
Deposits accepted only in the state of Kerala
Rate of interest for deposits above ₹3 Crores may vary
Non-Resident Senior Citizens not eligible for additional 0.25% interest
Important: Fixed Deposit Safety & Insurance Coverage
₹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 Indian Bank (₹5L) + Muthoot Finance (₹5L)
For ₹15 lakhs: Add a third bank to the mix
Best of Both: Combine Indian Bank (security) with Muthoot Finance (convenience)
💡 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
Choose Indian Bank If:
- •Minimum amount: ₹1,000
- •Public Sector banking preference
- •Government-owned public sector bank
- •Established in 1907, nationalized in 1969
- •Wide network across India and abroad
Choose Muthoot Finance If:
- •Minimum amount: ₹1,000
- •Private Sector banking preference
- •NBFC with attractive interest rates up to 9.20% p.a. for senior citizens (Maturity Scheme)
- •Senior citizens get +0.25% additional interest on all schemes
- •Maturity Scheme (Cumulative Deposits) with annualized yield up to 10.08%
Best Strategy:
- •Split large amounts across both banks
- •Keep ≤₹5L per bank for insurance
- •Use Indian Bank for stability
- •Use Muthoot Finance for convenience
- •Review rates periodically
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