South Indian Bank vs Central Bank of India Recurring Deposit Comparison 2025
Compare Recurring Deposit interest rates, maturity amounts, and features between South Indian Bank (Private Sector) and Central Bank of India (Public Sector). Analyze the security of public sector banking versus the convenience of private sector services.
South Indian Bank
Central Bank
Adjust the parameters below to see how returns compare between the two banks
Five Thousand rupees
Interest Rate Comparison
General rates across different tenures
Current selection: 3 years (1095 days) -South Indian Bank: % |Central Bank: %
Direct comparison of general rates
Feature Comparison
Features | South Indian Bank Private Sector | Central Bank Public 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 South Indian Bank and Central Bank
Family Accounts: Use different family members' accounts for additional coverage
Best of Both: Combine South Indian Bank (convenience) with Central Bank (security)
💡 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
- • Private Sector banking preference
- • Private sector bank
- • Competitive interest rates
- • Digital banking services
- • Minimum amount: ₹100
- • Public Sector banking preference
- • Government-owned public sector bank
- • Established in 1911, nationalized in 1969
- • Wide branch network across India
- • Open multiple RDs for different goals
- • Keep ≤₹5L per bank for insurance
- • Use South Indian Bank for convenience
- • Use Central Bank for stability
- • Review rates periodically
Explore more RD comparisons
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