Bank RD Comparison Tool
Muthoot Capital Services Ltd vs IDFC First Bank Recurring Deposit Comparison 2026
Compare Recurring Deposit interest rates, maturity amounts, and features between Muthoot Capital Services Ltd (Private Sector) and IDFC First Bank (Private Sector).
Muthoot Finance
Private Sector
VS
IDFC First
Private Sector
Muthoot Finance: Min ₹0
IDFC First: Min ₹1,000
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
₹1,000₹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: % |IDFC First: %
Side-by-Side Rate Comparison
Direct comparison of general rates
Muthoot Finance
IDFC First
Highlighted = Your selected tenure
Feature Comparison
Features | Muthoot Finance Private Sector | IDFC First Private Sector |
|---|---|---|
Minimum RD Amount | ₹0 | ₹1,000 |
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
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
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 IDFC First
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 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 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)
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 Muthoot Finance with other banks
Compare IDFC First with other banks
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