Bank FD Comparison Tool
Punjab & Sind Bank vs IDFC First Bank Fixed Deposit Comparison 2026
Compare Fixed Deposit interest rates, maturity amounts, and features between Punjab & Sind Bank (Public Sector) and IDFC First Bank (Private Sector). Analyze the security of public sector banking versus the convenience of private sector services.
PSB
Public Sector
VS
IDFC First
Private Sector
PSB: Min ₹1,000
IDFC First: Min ₹10,000
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
₹10,000₹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) -PSB: % |IDFC First: %
Side-by-Side Rate Comparison
Direct comparison of general rates
PSB
IDFC First
Highlighted = Your selected tenure
Feature Comparison
Features | PSB Public Sector | IDFC First Private Sector |
|---|---|---|
Minimum FD Amount | ₹1,000 | ₹10,000 |
Current Interest Rate(Selected Tenure) | % | % |
Premature Withdrawal Penalty | 1% | 1% |
Official Rate Source | View Official Rates | View Official Rates |
Punjab & Sind Bank
Public Sector Bank
Key Advantages:
Government-owned public sector bank
Established in 1908, nationalized in 1969
Wide branch network across India
Special schemes: 375 Days, 444 Days, 777 Days, 999 Days (Callable)
PSB Green Earth Deposit scheme (22M, 44M, 66M)
Senior citizens get +0.50% additional interest
Super Senior Citizens (80+) get +0.15% on special schemes
Online FD booking facility
IDFC First Bank
Private Sector Bank
Key Advantages:
Private sector bank with digital-first approach
Competitive FD rates up to 7.5% for senior citizens
Premium rates on select tenures (450 days - 2 years)
No penalty on premature RD closure for senior citizens
No penalty for missing RD installments
Senior citizens get +0.50% additional interest
Online account opening and FD booking
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 PSB (₹5L) + IDFC First (₹5L)
For ₹15 lakhs: Add a third bank to the mix
Best of Both: Combine PSB (security) with IDFC First (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 PSB If:
- •Minimum amount: ₹1,000
- •Public Sector banking preference
- •Government-owned public sector bank
- •Established in 1908, nationalized in 1969
- •Wide branch network across India
Choose IDFC First If:
- •Minimum amount: ₹10,000
- •Private Sector banking preference
- •Private sector bank with digital-first approach
- •Competitive FD rates up to 7.5% for senior citizens
- •Premium rates on select tenures (450 days - 2 years)
Best Strategy:
- •Split large amounts across both banks
- •Keep ≤₹5L per bank for insurance
- •Use PSB for stability
- •Use IDFC First for convenience
- •Review rates periodically
Explore more FD comparisons
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