Public Sector
Private Sector
Central Bank of India vs ESAF Small Finance Bank Recurring Deposit Comparison2025
Compare interest rates, features, and returns between Central Bank of India (Public Sector) and ESAF Small Finance Bank (Private Sector). Compare the security of public sector banking with the convenience of private sector services.
Five Thousand rupees
Interest Rate Comparison
General rates across different tenures
Current selection: 3 years (1095 days) -Central Bank: % |ESAF SFB: %
Direct comparison of general rates
Feature Comparison
| Features |  Central Bank Public Sector |  ESAF SFB 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 Central Bank and ESAF SFB
Family Accounts: Use different family members' accounts for additional coverage
Best of Both: Combine Central Bank (security) with ESAF SFB (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 1911, nationalized in 1969
- • Wide branch network across India
- • Minimum amount: ₹100
- • Private Sector banking preference
- • Small Finance Bank with competitive rates
- • High FD rates up to 7.75% for senior citizens
- • Focus on financial inclusion
- • Open multiple RDs for different goals
- • Keep ≤₹5L per bank for insurance
- • Use Central Bank for stability
- • Use ESAF SFB for convenience
- • Review rates periodically
Explore more RD comparisons
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