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India Post - Post Office vs Indian Bank Recurring Deposit Comparison 2026

Compare Recurring Deposit interest rates, maturity amounts, and features between India Post - Post Office (Public Sector) and Indian Bank (Public Sector).

India Post - Post Office Logo

Post Office

Public Sector
VS
Indian Bank Logo

Indian Bank

Public Sector
Post Office: Min ₹10
Indian Bank: Min ₹500
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

₹500₹50,000
years
1 year10 years

Interest Rate Comparison

Interest Rates by Tenure

General rates across different tenures

Current selection: 3 years (1095 days) -Post Office: % |Indian Bank: %

Side-by-Side Rate Comparison

Direct comparison of general rates

Post Office
Indian Bank
Highlighted = Your selected tenure

Feature Comparison

Features
Post Office
Post Office
Public Sector
Indian Bank
Indian Bank
Public Sector
Minimum RD Amount
₹10
₹500
Current Interest Rate(Selected Tenure)
%
%
Premature Withdrawal Penalty
1%
1%
Official Rate Source
View Official RatesView Official Rates
India Post - Post Office
Public Sector Bank

Key Advantages:

Government backed savings schemes
Nationwide post office network
Quarterly compounding on TD and RD
5-year TD qualifies for Section 80C benefits (₹1.5 lakh)
No additional interest for senior citizens
Loan facility up to 50% after 12 months on RD
Minimum deposit: ₹10/month for RD, ₹1,000 for TD
RD tenure can be extended up to 10 years
Safe and secure government scheme
Available at all India Post offices
Indian Bank
Public 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 Post Office and Indian Bank

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 Post Office If:
  • • Minimum amount: ₹10
  • • Public Sector banking preference
  • • Government backed savings schemes
  • • Nationwide post office network
  • • Quarterly compounding on TD and RD
Choose Indian Bank If:
  • • Minimum amount: ₹500
  • • Public 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
  • • Compare rates before investing
  • • Consider branch convenience
  • • Review rates periodically

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Ready to Invest in Recurring Deposits?

Use our individual bank calculators for detailed planning

Post Office RD CalculatorIndian Bank RD Calculator