Public Sector
Private Sector
Punjab National Bank vs Kotak Mahindra Bank Recurring Deposit Comparison 2025
Compare interest rates, features, and returns between Punjab National Bank (Public Sector) and Kotak Mahindra Bank (Private Sector). Compare the security of public sector banking with the convenience of private sector services.
Interest Rate Comparison
General rates across different tenures
Current selection: 3 years (1095 days) -PNB: % |Kotak: %
Direct comparison of general rates
Feature Comparison
| Features |  PNB Public Sector |  Kotak Private Sector |
|---|---|---|
Minimum RD Amount | ₹100 | ₹500 |
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 PNB and Kotak
Family Accounts: Use different family members' accounts for additional coverage
Best of Both: Combine PNB (security) with Kotak (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
- • Minimum amount: ₹100
- • Public Sector banking preference
- • Heritage bank
- • Wide network
- • Government backing
- • Minimum amount: ₹500
- • Private Sector banking preference
- • Premium banking experience
- • Personalized service
- • Technology-driven
- • Open multiple RDs for different goals
- • Keep ≤₹5L per bank for insurance
- • Use PNB for stability
- • Use Kotak for convenience
- • Review rates periodically
Ready to Invest in Recurring Deposits?
Use our individual bank calculators for detailed planning