Bank FD Comparison Tool
Sundaram Finance vs Punjab & Sind Bank Fixed Deposit Comparison 2026
Compare Fixed Deposit interest rates, maturity amounts, and features between Sundaram Finance (Private Sector) and Punjab & Sind Bank (Public Sector). Analyze the security of public sector banking versus the convenience of private sector services.
Sundaram Finance
Private Sector
VS
PSB
Public Sector
Sundaram Finance: Min ₹10,000
PSB: 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
₹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) -Sundaram Finance: % |PSB: %
Side-by-Side Rate Comparison
Direct comparison of general rates
Sundaram Finance
PSB
Highlighted = Your selected tenure
Feature Comparison
Features | Sundaram Finance Private Sector | PSB Public 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 |
Sundaram Finance
Private Sector Bank
Key Advantages:
NBFC with competitive FD rates
Senior citizens get +0.50% additional interest
Digital FD booking available
Loan against FD: Up to 75% of deposit value (minimum 3 months tenure)
Flexible interest payout options
Rates effective from 01.07.2025
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
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 Sundaram Finance (₹5L) + PSB (₹5L)
For ₹15 lakhs: Add a third bank to the mix
Best of Both: Combine Sundaram Finance (convenience) with PSB (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 Sundaram Finance If:
- •Minimum amount: ₹10,000
- •Private Sector banking preference
- •NBFC with competitive FD rates
- •Senior citizens get +0.50% additional interest
- •Digital FD booking available
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
Best Strategy:
- •Split large amounts across both banks
- •Keep ≤₹5L per bank for insurance
- •Use Sundaram Finance for convenience
- •Use PSB for stability
- •Review rates periodically
Explore more FD comparisons
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