Punjab National Bank Logo
PNB

Public Sector

vs
Indian Bank Logo
Indian Bank

Private Sector

Punjab National Bank vs Indian Bank Recurring Deposit Comparison 2025

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

PNB: Min ₹100
Indian Bank: Min ₹500
Security vs Convenience
Compare Your RD Returns
500₹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) -PNB: % |Indian Bank: %

Side-by-Side Rate Comparison

Direct comparison of general rates

PNB
Indian Bank

Feature Comparison

Features
PNB
PNB
Public Sector
Indian Bank
Indian Bank
Private Sector
Minimum RD Amount
100
500
Current Interest Rate (Selected Tenure)
%
%
Premature Withdrawal Penalty
1%
1%
Official Rate Source
View Official RatesView Official Rates
Punjab National Bank
Public Sector Bank

Key Advantages:

Heritage bank
Wide network
Government backing
Affordable banking
Rural presence
Indian Bank
Private Sector Bank

Key Advantages:

Government-owned public sector bank
Established in 1907, nationalized in 1969
Wide network across India and abroad
Special Ind Secure FD scheme (444 days)
Ind Green Deposit for sustainable development
Senior citizens get +0.50% additional interest
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 PNB and Indian Bank

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

Best of Both: Combine PNB (security) with Indian Bank (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

Choose PNB If:
  • • Minimum amount: ₹100
  • Public Sector banking preference
  • Heritage bank
  • Wide network
  • Government backing
Choose Indian Bank If:
  • • Minimum amount: ₹500
  • Private Sector banking preference
  • Government-owned public sector bank
  • Established in 1907, nationalized in 1969
  • Wide network across India and abroad
Best Strategy:
  • • Open multiple RDs for different goals
  • • Keep ≤₹5L per bank for insurance
  • • Use PNB for stability
  • • Use Indian Bank for convenience
  • • Review rates periodically

Ready to Invest in Recurring Deposits?

Use our individual bank calculators for detailed planning