Bank RD Comparison Tool
Bank of Maharashtra vs Standard Chartered Bank Recurring Deposit Comparison 2026
Compare Recurring Deposit interest rates, maturity amounts, and features between Bank of Maharashtra (Public Sector) and Standard Chartered Bank (Private Sector). Analyze the security of public sector banking versus the convenience of private sector services.
Bank of Maharashtra
Public Sector
VS
Standard Chartered
Private Sector
Bank of Maharashtra: Min ₹100
Standard Chartered: Min ₹1,000
Security vs Convenience
DICGC Insured up to ₹5 Lakhs
Compare Your RD Returns
Adjust the parameters below to see how returns compare between the two banks
₹
Five Thousand rupees
₹1,000₹50,000
years
1 year10 years
Interest Rate Comparison
Interest Rates by Tenure
General rates across different tenures
Current selection: 3 years (1095 days) -Bank of Maharashtra: % |Standard Chartered: %
Side-by-Side Rate Comparison
Direct comparison of general rates
Bank of Maharashtra
Standard Chartered
Highlighted = Your selected tenure
Feature Comparison
Features | Bank of Maharashtra Public Sector | Standard Chartered Private Sector |
|---|---|---|
Minimum RD Amount | ₹100 | ₹1,000 |
Current Interest Rate(Selected Tenure) | % | % |
Premature Withdrawal Penalty | 1% | 1% |
Official Rate Source | View Official Rates | View Official Rates |
Bank of Maharashtra
Public Sector Bank
Key Advantages:
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%)
Wide branch network across India
Online FD booking facility
Senior citizens get +0.50% additional interest
Standard Chartered Bank
Private Sector Bank
Key Advantages:
International bank with global presence
Senior citizens get +0.50% additional interest
Digital FD booking available
Competitive interest rates
Wide network across India
Rates effective from 01.01.2026
Important: Recurring 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 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 Standard Chartered
Family Accounts: Use different family members' accounts for additional coverage
Best of Both: Combine Bank of Maharashtra (security) with Standard Chartered (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
Choose Bank of Maharashtra If:
- • 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%)
Choose Standard Chartered If:
- • Minimum amount: ₹1,000
- • Private Sector banking preference
- • International bank with global presence
- • Senior citizens get +0.50% additional interest
- • Digital FD booking available
Best Strategy:
- • Open multiple RDs for different goals
- • Keep ≤₹5L per bank for insurance
- • Use Bank of Maharashtra for stability
- • Use Standard Chartered for convenience
- • Review rates periodically
Explore more RD comparisons
Jump to other recurring deposit comparisons using these quick links.
Compare Bank of Maharashtra with other banks
Compare Standard Chartered with other banks
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