Bank FD Comparison Tool
Slice Bank vs Indian Bank Fixed Deposit Comparison 2026
Compare Fixed Deposit interest rates, maturity amounts, and features between Slice Bank (Private Sector) and Indian Bank (Public Sector). Analyze the security of public sector banking versus the convenience of private sector services.
Slice Bank
Private Sector
VS
Indian Bank
Public Sector
Slice Bank: Min ₹1,000
Indian Bank: 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) -Slice Bank: % |Indian Bank: %
Side-by-Side Rate Comparison
Direct comparison of general rates
Slice Bank
Indian Bank
Highlighted = Your selected tenure
Feature Comparison
Features | Slice Bank Private Sector | Indian 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 |
Slice Bank
Private Sector Bank
Key Advantages:
Digital-first bank
Competitive interest rates
Digital banking services
Online FD booking facility
Auto-renewal facility available
Senior citizens get additional interest (varies by tenure)
Rates applicable for deposits up to ₹3 Crore
Interest compounded quarterly
Rates effective from September 17, 2025
Special rate for 18 months 1-2 days tenure (7.75%)
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
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 Slice Bank (₹5L) + Indian Bank (₹5L)
For ₹15 lakhs: Add a third bank to the mix
Best of Both: Combine Slice Bank (convenience) with Indian 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
Choose Slice Bank If:
- •Minimum amount: ₹1,000
- •Private Sector banking preference
- •Digital-first bank
- •Competitive interest rates
- •Digital banking services
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
Best Strategy:
- •Split large amounts across both banks
- •Keep ≤₹5L per bank for insurance
- •Use Slice Bank for convenience
- •Use Indian Bank for stability
- •Review rates periodically
Explore more FD comparisons
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