Bank RD Comparison Tool
Muthoot Capital Services Ltd vs Central Bank of India Recurring Deposit Comparison 2026
Compare Recurring Deposit interest rates, maturity amounts, and features between Muthoot Capital Services Ltd (Private Sector) and Central Bank of India (Public Sector). Analyze the security of public sector banking versus the convenience of private sector services.
Muthoot Finance
Private Sector
VS
Central Bank
Public Sector
Muthoot Finance: Min ₹0
Central Bank: Min ₹100
Security vs Convenience
DICGC Insured up to ₹5 Lakhs
Compare Your RD Returns
Adjust the parameters below to see how returns compare between the two banks
₹
Five Thousand rupees
₹100₹50,000
years
1 year10 years
Interest Rate Comparison
Interest Rates by Tenure
General rates across different tenures
Current selection: 3 years (1095 days) -Muthoot Finance: % |Central Bank: %
Side-by-Side Rate Comparison
Direct comparison of general rates
Muthoot Finance
Central Bank
Highlighted = Your selected tenure
Feature Comparison
Features | Muthoot Finance Private Sector | Central Bank Public Sector |
|---|---|---|
Minimum RD Amount | ₹0 | ₹100 |
Current Interest Rate(Selected Tenure) | % | % |
Premature Withdrawal Penalty | 1% | 1% |
Official Rate Source | View Official Rates | View Official Rates |
Muthoot Capital Services Ltd
Private Sector Bank
Key Advantages:
NBFC with attractive interest rates up to 9.20% p.a. for senior citizens (Maturity Scheme)
Senior citizens get +0.25% additional interest on all schemes
Maturity Scheme (Cumulative Deposits) with annualized yield up to 10.08%
Monthly Income Plan, Annual Scheme, and Maturity Scheme available
Flexible tenure from 12 to 60 months
Guaranteed returns
Easy documentation process
Minimum deposit: ₹1,000
Deposits accepted only in the state of Kerala
Rate of interest for deposits above ₹3 Crores may vary
Non-Resident Senior Citizens not eligible for additional 0.25% interest
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
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 Muthoot Finance and Central Bank
Family Accounts: Use different family members' accounts for additional coverage
Best of Both: Combine Muthoot Finance (convenience) with Central 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 Muthoot Finance If:
- • Minimum amount: ₹0
- • Private Sector banking preference
- • NBFC with attractive interest rates up to 9.20% p.a. for senior citizens (Maturity Scheme)
- • Senior citizens get +0.25% additional interest on all schemes
- • Maturity Scheme (Cumulative Deposits) with annualized yield up to 10.08%
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
Best Strategy:
- • Open multiple RDs for different goals
- • Keep ≤₹5L per bank for insurance
- • Use Muthoot Finance for convenience
- • Use Central Bank for stability
- • Review rates periodically
Explore more RD comparisons
Jump to other recurring deposit comparisons using these quick links.
Compare Muthoot Finance with other banks
Compare Central Bank with other banks
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