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Central Bank of India Logo
Central Bank

Public Sector

vs
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Indian Bank

Public Sector

Central Bank of India vs Indian Bank Recurring Deposit Comparison2025

Compare interest rates, features, and returns between Central Bank of India (Public Sector) and Indian Bank (Public Sector).

Central Bank: Min ₹100
Indian Bank: Min ₹500
Compare Your RD Returns
₹

Five Thousand rupees

₹500₹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: % |Indian Bank: %

Side-by-Side Rate Comparison

Direct comparison of general rates

Central Bank
Indian Bank

Feature Comparison

Features
Central Bank
Central Bank
Public Sector
Indian Bank
Indian Bank
Public Sector
Minimum RD Amount
₹100
₹500
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
Indian Bank
Public Sector Bank

Key Advantages:

Government-owned public sector bank
Established in 1907, nationalized in 1969
Wide network across India and abroad
Special Ind Secure FD scheme (444 days)
Ind Green Deposit for sustainable development
Senior citizens get +0.50% additional interest
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 Indian Bank

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

💡 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 Indian Bank If:
  • • Minimum amount: ₹500
  • • Public Sector banking preference
  • • Government-owned public sector bank
  • • Established in 1907, nationalized in 1969
  • • Wide network across India and abroad
Best Strategy:
  • • Open multiple RDs for different goals
  • • Keep ≤₹5L per bank for insurance
  • • Compare rates before investing
  • • Consider branch 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 Indian Bank with other banks
Indian Bank vs SBI RD comparisonIndian Bank vs HDFC RD comparisonIndian Bank vs ICICI RD comparisonIndian Bank vs Axis RD comparisonIndian Bank vs Kotak RD comparisonIndian Bank vs PNB RD comparisonIndian Bank vs BOB RD comparisonIndian Bank vs IOB RD comparisonIndian Bank vs IndusInd RD comparisonIndian Bank vs Union Bank RD comparisonIndian Bank vs Canara Bank RD comparisonIndian Bank vs BOI RD comparisonIndian Bank vs Bank of Maharashtra RD comparisonIndian Bank vs IDFC First RD comparisonIndian Bank vs AU Bank RD comparisonIndian Bank vs Ujjivan SFB RD comparisonIndian Bank vs Equitas SFB RD comparisonIndian Bank vs ESAF SFB RD comparisonIndian Bank vs Jana SFB RD comparisonIndian Bank vs Suryoday SFB RD comparisonIndian Bank vs Utkarsh SFB RD comparisonIndian Bank vs TMB RD comparisonIndian Bank vs Bandhan RD comparisonIndian Bank vs City Union RD comparisonIndian Bank vs Central Bank RD comparison

Ready to Invest in Recurring Deposits?

Use our individual bank calculators for detailed planning

Central Bank RD CalculatorIndian Bank RD Calculator