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

Compare Recurring Deposit interest rates, maturity amounts, and features between India Post - Post Office (Public Sector) and Slice Bank (Private Sector). Analyze the security of public sector banking versus the convenience of private sector services.

India Post - Post Office Logo

Post Office

Public Sector
VS
Slice Bank Logo

Slice Bank

Private Sector
Post Office: Min ₹10
Slice 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) -Post Office: % |Slice Bank: %

Side-by-Side Rate Comparison

Direct comparison of general rates

Post Office
Slice Bank
Highlighted = Your selected tenure

Feature Comparison

Features
Post Office
Post Office
Public Sector
Slice Bank
Slice Bank
Private Sector
Minimum RD Amount
₹10
₹100
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
Slice Bank
Private Sector Bank

Key Advantages:

Digital-first bank
Competitive interest rates
Digital banking services
Online FD booking facility
Auto-renewal facility available
Senior citizens get additional interest (varies by tenure)
Rates applicable for deposits up to ₹3 Crore
Interest compounded quarterly
Rates effective from September 17, 2025
Special rate for 18 months 1-2 days tenure (7.75%)
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 Slice Bank

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

Best of Both: Combine Post Office (security) with Slice 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 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 Slice Bank If:
  • • Minimum amount: ₹100
  • • Private Sector banking preference
  • • Digital-first bank
  • • Competitive interest rates
  • • Digital banking services
Best Strategy:
  • • Open multiple RDs for different goals
  • • Keep ≤₹5L per bank for insurance
  • • Use Post Office for stability
  • • Use Slice Bank for convenience
  • • Review rates periodically

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Slice Bank
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Slice Bank vs SBI
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Slice Bank vs ICICI
Slice Bank
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Axis
Slice Bank vs Axis
Slice Bank
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Kotak
Slice Bank vs Kotak
Slice Bank
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PNB
Slice Bank vs PNB
Slice Bank
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BOB
Slice Bank vs BOB
Slice Bank
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IOB
Slice Bank vs IOB
Slice Bank
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IndusInd
Slice Bank vs IndusInd
Slice Bank
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Union Bank
Slice Bank vs Union Bank
Slice Bank
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Canara Bank
Slice Bank vs Canara Bank
Slice Bank
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BOI
Slice Bank vs BOI
Slice Bank
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Indian Bank
Slice Bank vs Indian Bank
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Bank of Maharashtra
Slice Bank vs Bank of Maharashtra
Slice Bank
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IDFC First
Slice Bank vs IDFC First
Slice Bank
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AU Bank
Slice Bank vs AU Bank
Slice Bank
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Ujjivan SFB
Slice Bank vs Ujjivan SFB
Slice Bank
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Equitas SFB
Slice Bank vs Equitas SFB
Slice Bank
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ESAF SFB
Slice Bank vs ESAF SFB
Slice Bank
VS
Jana SFB
Slice Bank vs Jana SFB
Slice Bank
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Suryoday SFB
Slice Bank vs Suryoday SFB
Slice Bank
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Utkarsh SFB
Slice Bank vs Utkarsh SFB
Slice Bank
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TMB
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Slice Bank
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Bandhan
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Slice Bank
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Slice Bank
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Slice Bank vs DCB Bank
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Federal Bank
Slice Bank vs Federal Bank
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Slice Bank vs RBL Bank
Slice Bank
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KVB Bank
Slice Bank vs KVB Bank
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Slice Bank vs Unity SFB
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Post Office
Slice Bank vs Post Office

Ready to Invest in Recurring Deposits?

Use our individual bank calculators for detailed planning

Post Office RD CalculatorSlice Bank RD Calculator