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Central Bank of India Logo
Central Bank

Public Sector

vs
IDFC First Bank Logo
IDFC First

Private Sector

Central Bank of India vs IDFC First Bank Recurring Deposit Comparison2025

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

Central Bank: Min ₹100
IDFC First: Min ₹1,000
Security vs Convenience
Compare Your RD Returns
₹

Five Thousand rupees

₹1,000₹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: % |IDFC First: %

Side-by-Side Rate Comparison

Direct comparison of general rates

Central Bank
IDFC First

Feature Comparison

Features
Central Bank
Central Bank
Public Sector
IDFC First
IDFC First
Private Sector
Minimum RD Amount
₹100
₹1,000
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
IDFC First Bank
Private Sector Bank

Key Advantages:

Private sector bank with digital-first approach
Competitive FD rates up to 7.5% for senior citizens
Premium rates on select tenures (450 days - 2 years)
No penalty on premature RD closure for senior citizens
No penalty for missing RD installments
Senior citizens get +0.50% additional interest
Online account opening and FD booking
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 IDFC First

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

Best of Both: Combine Central Bank (security) with IDFC First (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 IDFC First If:
  • • Minimum amount: ₹1,000
  • • Private Sector banking preference
  • • Private sector bank with digital-first approach
  • • Competitive FD rates up to 7.5% for senior citizens
  • • Premium rates on select tenures (450 days - 2 years)
Best Strategy:
  • • Open multiple RDs for different goals
  • • Keep ≤₹5L per bank for insurance
  • • Use Central Bank for stability
  • • Use IDFC First 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
Central Bank vs SBI RD comparisonCentral Bank vs HDFC RD comparisonCentral Bank vs ICICI RD comparisonCentral Bank vs Axis RD comparisonCentral Bank vs Kotak RD comparisonCentral Bank vs PNB RD comparisonCentral Bank vs BOB RD comparisonCentral Bank vs IOB RD comparisonCentral Bank vs IndusInd RD comparisonCentral Bank vs Union Bank RD comparisonCentral Bank vs Canara Bank RD comparisonCentral Bank vs BOI RD comparisonCentral Bank vs Indian Bank RD comparisonCentral Bank vs Bank of Maharashtra RD comparisonCentral Bank vs IDFC First RD comparisonCentral Bank vs AU Bank RD comparisonCentral Bank vs Ujjivan SFB RD comparisonCentral Bank vs Equitas SFB RD comparisonCentral Bank vs ESAF SFB RD comparisonCentral Bank vs Jana SFB RD comparisonCentral Bank vs Suryoday SFB RD comparisonCentral Bank vs Utkarsh SFB RD comparisonCentral Bank vs TMB RD comparisonCentral Bank vs Bandhan RD comparisonCentral Bank vs City Union RD comparison
Compare IDFC First with other banks
IDFC First vs SBI RD comparisonIDFC First vs HDFC RD comparisonIDFC First vs ICICI RD comparisonIDFC First vs Axis RD comparisonIDFC First vs Kotak RD comparisonIDFC First vs PNB RD comparisonIDFC First vs BOB RD comparisonIDFC First vs IOB RD comparisonIDFC First vs IndusInd RD comparisonIDFC First vs Union Bank RD comparisonIDFC First vs Canara Bank RD comparisonIDFC First vs BOI RD comparisonIDFC First vs Indian Bank RD comparisonIDFC First vs Bank of Maharashtra RD comparisonIDFC First vs AU Bank RD comparisonIDFC First vs Ujjivan SFB RD comparisonIDFC First vs Equitas SFB RD comparisonIDFC First vs ESAF SFB RD comparisonIDFC First vs Jana SFB RD comparisonIDFC First vs Suryoday SFB RD comparisonIDFC First vs Utkarsh SFB RD comparisonIDFC First vs TMB RD comparisonIDFC First vs Bandhan RD comparisonIDFC First vs City Union RD comparisonIDFC First vs Central Bank RD comparison

Ready to Invest in Recurring Deposits?

Use our individual bank calculators for detailed planning

Central Bank RD CalculatorIDFC First RD Calculator