Public Sector
Private Sector
Union Bank of India vs Equitas Small Finance Bank Fixed Deposit Comparison 2025
Compare interest rates, features, and returns between Union Bank of India (Public Sector) and Equitas Small Finance Bank (Private Sector). Compare the security of public sector banking with the convenience of private sector services.
Five Lakhs rupees
Interest Rate Comparison
General rates across different tenures
Current selection: 3 years (1095 days) -Union Bank: % |Equitas SFB: %
Direct comparison of general rates
Feature Comparison
| Features |  Union Bank Public Sector |  Equitas SFB 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 |
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 Union Bank (₹5L) + Equitas SFB (₹5L)
For ₹15 lakhs: Add a third bank to the mix
Best of Both: Combine Union Bank (security) with Equitas SFB (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
- • Minimum amount: ₹1,000
- • Public Sector banking preference
- • Government-owned bank with strong security
- • Merged entity strength
- • Pan-India presence
- • 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
- • Split large amounts across both banks
- • Keep ≤₹5L per bank for insurance
- • Use Union Bank for stability
- • Use Equitas SFB for convenience
- • Review rates periodically
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