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Central Bank of India Logo
Central Bank

Public Sector

vs
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City Union

Private Sector

Central Bank of India vs City Union Bank Recurring Deposit Comparison2025

Compare interest rates, features, and returns between Central Bank of India (Public Sector) and City Union Bank (Private Sector). Compare the security of public sector banking with the convenience of private sector services.

Central Bank: Min ₹100
City Union: Min ₹100
Security vs Convenience
Compare Your RD Returns
₹

Five Thousand rupees

₹100₹50,000
years
1 year10 years

Interest Rate Comparison

RD Interest Rates by Tenure

General rates across different tenures

Current selection: 3 years (1095 days) -Central Bank: % |City Union: %

Side-by-Side Rate Comparison

Direct comparison of general rates

Central Bank
City Union

Feature Comparison

Features
Central Bank
Central Bank
Public Sector
City Union
City Union
Private Sector
Minimum RD Amount
₹100
₹100
Current Interest Rate (Selected Tenure)
%
%
Premature Withdrawal Penalty
1%
1%
Official Rate Source
View Official RatesView Official Rates
Central Bank of India
Public Sector Bank

Key Advantages:

Government-owned public sector bank
Established in 1911, nationalized in 1969
Wide branch network across India
Special Cent Green Deposit scheme for sustainable investments
Cent Super Callable and Non-Callable schemes (444 & 555 days)
Cent Floating Deposit scheme available
Senior citizens get +0.50% additional interest
Online FD booking facility
City Union Bank
Private Sector Bank

Key Advantages:

Competitive interest rates
Secure banking
Online services available
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 Central Bank and City Union

Family Accounts: Use different family members' accounts for additional coverage

Best of Both: Combine Central Bank (security) with City Union (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 Central Bank If:
  • • Minimum amount: ₹100
  • • Public Sector banking preference
  • • Government-owned public sector bank
  • • Established in 1911, nationalized in 1969
  • • Wide branch network across India
Choose City Union If:
  • • Minimum amount: ₹100
  • • Private Sector banking preference
  • • Competitive interest rates
  • • Secure banking
  • • Online services available
Best Strategy:
  • • Open multiple RDs for different goals
  • • Keep ≤₹5L per bank for insurance
  • • Use Central Bank for stability
  • • Use City Union for convenience
  • • Review rates periodically

Explore more RD comparisons

Jump to other recurring deposit comparisons using these quick links.

Compare Central Bank with other banks
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Compare City Union with other banks
City Union vs SBI RD comparisonCity Union vs HDFC RD comparisonCity Union vs ICICI RD comparisonCity Union vs Axis RD comparisonCity Union vs Kotak RD comparisonCity Union vs PNB RD comparisonCity Union vs BOB RD comparisonCity Union vs IOB RD comparisonCity Union vs IndusInd RD comparisonCity Union vs Union Bank RD comparisonCity Union vs Canara Bank RD comparisonCity Union vs BOI RD comparisonCity Union vs Indian Bank RD comparisonCity Union vs Bank of Maharashtra RD comparisonCity Union vs IDFC First RD comparisonCity Union vs AU Bank RD comparisonCity Union vs Ujjivan SFB RD comparisonCity Union vs Equitas SFB RD comparisonCity Union vs ESAF SFB RD comparisonCity Union vs Jana SFB RD comparisonCity Union vs Suryoday SFB RD comparisonCity Union vs Utkarsh SFB RD comparisonCity Union vs TMB RD comparisonCity Union vs Bandhan RD comparisonCity Union vs Central Bank RD comparison

Ready to Invest in Recurring Deposits?

Use our individual bank calculators for detailed planning

Central Bank RD CalculatorCity Union RD Calculator