Public Sector
Private Sector
State Bank of India vs Utkarsh Small Finance Bank Recurring Deposit Comparison2025
Compare interest rates, features, and returns between State Bank of India (Public Sector) and Utkarsh Small Finance Bank (Private Sector). Compare the security of public sector banking with the convenience of private sector services.
Five Thousand rupees
Interest Rate Comparison
General rates across different tenures
Current selection: 3 years (1095 days) -SBI: % |Utkarsh SFB: %
Direct comparison of general rates
Feature Comparison
| Features |  SBI Public Sector |  Utkarsh SFB Private Sector |
|---|---|---|
Minimum RD Amount | ₹100 | ₹100 |
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 SBI and Utkarsh SFB
Family Accounts: Use different family members' accounts for additional coverage
Best of Both: Combine SBI (security) with Utkarsh SFB (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
- • Largest branch network in India
- • Government backing and security
- • Online FD booking available
- • Minimum amount: ₹100
- • Private Sector banking preference
- • Small Finance Bank with highest FD rates
- • Premium rates up to 8.75% for senior citizens (2-3 years)
- • Established in 2017 with strong track record
- • Open multiple RDs for different goals
- • Keep ≤₹5L per bank for insurance
- • Use SBI for stability
- • Use Utkarsh SFB for convenience
- • Review rates periodically
Ready to Invest in Recurring Deposits?
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