Bank of Maharashtra vs DBS Bank Recurring Deposit Comparison 2026
Compare Recurring Deposit interest rates, maturity amounts, and features between Bank of Maharashtra (Public Sector) and DBS Bank (Private Sector). Analyze the security of public sector banking versus the convenience of private sector services.
Bank of Maharashtra
DBS
Adjust the parameters below to see how returns compare between the two banks
Five Thousand rupees
Interest Rate Comparison
General rates across different tenures
Current selection: 3 years (1095 days) -Bank of Maharashtra: % |DBS: %
Direct comparison of general rates
Feature Comparison
Features | Bank of Maharashtra Public Sector | DBS Private Sector |
|---|---|---|
Minimum RD Amount | ₹100 | ₹100 |
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 includes both principal and accrued interest for RDs.
⚠️ Recommendation:
Keep your total deposits (RDs + FDs + Savings) under ₹5 lakhs per bank. If you need larger investments, distribute them across multiple banks.
Smart Distribution Strategy
Multiple RDs: Open RDs in both Bank of Maharashtra and DBS
Family Accounts: Use different family members' accounts for additional coverage
Best of Both: Combine Bank of Maharashtra (security) with DBS (convenience)
💡 Pro Tip:
RDs are perfect for goal-based investing. You can open separate RDs for different financial goals across different banks to maximize returns and safety.
Key Insights & Recommendations
- • Minimum amount: ₹100
- • Public Sector banking preference
- • Government-owned public sector bank
- • Established in 1935, serving Maharashtra and beyond
- • Special schemes: 500 days (6.55%), 600 days (6.50%), Green Deposit 1777 days (6.05%)
- • Minimum amount: ₹100
- • Private Sector banking preference
- • Private sector bank (formerly LVB)
- • Senior citizens get preferential rates for tenures of 181 days and longer
- • Digital banking services (digibank)
- • Open multiple RDs for different goals
- • Keep ≤₹5L per bank for insurance
- • Use Bank of Maharashtra for stability
- • Use DBS for convenience
- • Review rates periodically
Explore more RD comparisons
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