Bank FD Comparison Tool
Utkarsh Small Finance Bank vs Indian Overseas Bank Fixed Deposit Comparison 2026
Compare Fixed Deposit interest rates, maturity amounts, and features between Utkarsh Small Finance Bank (Private Sector) and Indian Overseas Bank (Public Sector). Analyze the security of public sector banking versus the convenience of private sector services.
Utkarsh SFB
Private Sector
VS
IOB
Public Sector
Utkarsh SFB: Min ₹1,000
IOB: 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) -Utkarsh SFB: % |IOB: %
Side-by-Side Rate Comparison
Direct comparison of general rates
Utkarsh SFB
IOB
Highlighted = Your selected tenure
Feature Comparison
Features | Utkarsh SFB Private Sector | IOB 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 |
Utkarsh Small Finance Bank
Private Sector Bank
Key Advantages:
Small Finance Bank with highest FD rates
Premium rates up to 8.75% for senior citizens (2-3 years)
Established in 2017 with strong track record
Digital banking services and mobile banking
Online FD booking available
Senior citizen benefits with +0.50% additional interest
Wide network across India
Minimum FD investment of ₹1,000
Indian Overseas Bank
Public Sector Bank
Key Advantages:
Government-owned bank with strong security
Wide branch network across India
Competitive interest rates
Online FD booking facility
Senior citizen benefits
International banking services
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 Utkarsh SFB (₹5L) + IOB (₹5L)
For ₹15 lakhs: Add a third bank to the mix
Best of Both: Combine Utkarsh SFB (convenience) with IOB (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 Utkarsh SFB If:
- •Minimum amount: ₹1,000
- •Private Sector banking preference
- •Small Finance Bank with highest FD rates
- •Premium rates up to 8.75% for senior citizens (2-3 years)
- •Established in 2017 with strong track record
Choose IOB If:
- •Minimum amount: ₹1,000
- •Public Sector banking preference
- •Government-owned bank with strong security
- •Wide branch network across India
- •Competitive interest rates
Best Strategy:
- •Split large amounts across both banks
- •Keep ≤₹5L per bank for insurance
- •Use Utkarsh SFB for convenience
- •Use IOB for stability
- •Review rates periodically
Explore more FD comparisons
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