IDFC First Bank vs State Bank of India Recurring Deposit Comparison 2025
Compare Recurring Deposit interest rates, maturity amounts, and features between IDFC First Bank (Private Sector) and State Bank of India (Public Sector). Analyze the security of public sector banking versus the convenience of private sector services.
IDFC First
SBI
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) -IDFC First: % |SBI: %
Direct comparison of general rates
Feature Comparison
Features | IDFC First Private Sector | SBI Public Sector |
|---|---|---|
Minimum RD Amount | ₹1,000 | ₹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 IDFC First and SBI
Family Accounts: Use different family members' accounts for additional coverage
Best of Both: Combine IDFC First (convenience) with SBI (security)
💡 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: ₹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)
- • Minimum amount: ₹100
- • Public Sector banking preference
- • Largest branch network in India
- • Government backing and security
- • Online FD booking available
- • Open multiple RDs for different goals
- • Keep ≤₹5L per bank for insurance
- • Use IDFC First for convenience
- • Use SBI for stability
- • Review rates periodically
Explore more RD comparisons
Jump to other recurring deposit comparisons using these quick links.
Ready to Invest in Recurring Deposits?
Use our individual bank calculators for detailed planning