City Union Bank vs Kotak Mahindra Bank Recurring Deposit Comparison 2026
Compare Recurring Deposit interest rates, maturity amounts, and features between City Union Bank (Public Sector) and Kotak Mahindra Bank (Private Sector). Analyze the security of public sector banking versus the convenience of private sector services.
City Union
Kotak
Adjust the parameters below to see how returns compare between the two banks
Five Thousand rupees
Interest Rate Comparison
General rates across different tenures
Current selection: 3 years (1095 days) -City Union: % |Kotak: %
Direct comparison of general rates
Feature Comparison
Features | City Union Public Sector | Kotak Private Sector |
|---|---|---|
Minimum RD Amount | ₹100 | ₹500 |
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 City Union and Kotak
Family Accounts: Use different family members' accounts for additional coverage
Best of Both: Combine City Union (security) with Kotak (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
- • Competitive interest rates
- • Secure banking
- • Online services available
- • Minimum amount: ₹500
- • Private Sector banking preference
- • Premium banking experience
- • Personalized service
- • Technology-driven
- • Open multiple RDs for different goals
- • Keep ≤₹5L per bank for insurance
- • Use City Union for stability
- • Use Kotak for convenience
- • Review rates periodically
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