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IDFC First Bank Logo
IDFC First

Private Sector

vs
UCO Bank Logo
UCO Bank

Public Sector

IDFC First Bank vs UCO Bank Recurring Deposit Comparison2025

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

IDFC First: Min ₹1,000
UCO Bank: Min ₹100
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) -IDFC First: % |UCO Bank: %

Side-by-Side Rate Comparison

Direct comparison of general rates

IDFC First
UCO Bank

Feature Comparison

Features
IDFC First
IDFC First
Private Sector
UCO Bank
UCO Bank
Public Sector
Minimum RD Amount
₹1,000
₹100
Current Interest Rate (Selected Tenure)
%
%
Premature Withdrawal Penalty
1%
1%
Official Rate Source
View Official RatesView Official Rates
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
UCO Bank
Public Sector Bank

Key Advantages:

Government-owned public sector bank
Established in 1943, nationalized in 1969
Wide branch network across India
Special 444 Days scheme with higher interest rates
UCO Green Deposit scheme for sustainable investments (12 months, 1000, 2000, 3000 days)
Senior citizens get +0.25% up to 1 year, +0.50% above 1 year
Online FD booking facility
Competitive interest rates up to 6.45% for general customers
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 IDFC First and UCO Bank

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

Best of Both: Combine IDFC First (convenience) with UCO Bank (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

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)
Choose UCO Bank If:
  • • Minimum amount: ₹100
  • • Public Sector banking preference
  • • Government-owned public sector bank
  • • Established in 1943, nationalized in 1969
  • • Wide branch network across India
Best Strategy:
  • • Open multiple RDs for different goals
  • • Keep ≤₹5L per bank for insurance
  • • Use IDFC First for convenience
  • • Use UCO Bank for stability
  • • Review rates periodically

Explore more RD comparisons

Jump to other recurring deposit comparisons using these quick links.

Compare IDFC First with other banks
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Compare UCO Bank with other banks
UCO Bank vs SBI RD comparisonUCO Bank vs HDFC RD comparisonUCO Bank vs ICICI RD comparisonUCO Bank vs Axis RD comparisonUCO Bank vs Kotak RD comparisonUCO Bank vs PNB RD comparisonUCO Bank vs BOB RD comparisonUCO Bank vs IOB RD comparisonUCO Bank vs IndusInd RD comparisonUCO Bank vs Union Bank RD comparisonUCO Bank vs Canara Bank RD comparisonUCO Bank vs BOI RD comparisonUCO Bank vs Indian Bank RD comparisonUCO Bank vs Bank of Maharashtra RD comparisonUCO Bank vs IDFC First RD comparisonUCO Bank vs AU Bank RD comparisonUCO Bank vs Ujjivan SFB RD comparisonUCO Bank vs Equitas SFB RD comparisonUCO Bank vs ESAF SFB RD comparisonUCO Bank vs Jana SFB RD comparisonUCO Bank vs Suryoday SFB RD comparisonUCO Bank vs Utkarsh SFB RD comparisonUCO Bank vs TMB RD comparisonUCO Bank vs Bandhan RD comparisonUCO Bank vs City Union RD comparisonUCO Bank vs Central Bank RD comparison

Ready to Invest in Recurring Deposits?

Use our individual bank calculators for detailed planning

IDFC First RD CalculatorUCO Bank RD Calculator