Bank RD Comparison Tool
South Indian Bank vs Shriram Finance Recurring Deposit Comparison 2026
Compare Recurring Deposit interest rates, maturity amounts, and features between South Indian Bank (Private Sector) and Shriram Finance (Private Sector).
South Indian Bank
Private Sector
VS
Shriram Finance
Private Sector
South Indian Bank: Min ₹100
Shriram Finance: Min ₹100
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) -South Indian Bank: % |Shriram Finance: %
Side-by-Side Rate Comparison
Direct comparison of general rates
South Indian Bank
Shriram Finance
Highlighted = Your selected tenure
Feature Comparison
Features | South Indian Bank Private Sector | Shriram Finance 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 |
South Indian Bank
Private Sector Bank
Key Advantages:
Private sector bank
Competitive interest rates
Digital banking services
Online FD booking facility
Auto-renewal facility available
Senior citizens get +0.50% additional interest
Special schemes: Green Deposit (66 months), Tax Gain (5 years)
Wide branch network in South India
Shriram Finance
Private Sector Bank
Key Advantages:
NBFC with competitive FD rates
Senior citizens get +0.50% additional interest
Women depositors get +0.05% additional interest
Renewal bonus: +0.15% for matured deposits
Digital FD booking available
Special scheme: 15 months (Digital Only)
Rates effective from 05.08.2025
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 South Indian Bank and Shriram Finance
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 South Indian Bank If:
- • Minimum amount: ₹100
- • Private Sector banking preference
- • Private sector bank
- • Competitive interest rates
- • Digital banking services
Choose Shriram Finance If:
- • Minimum amount: ₹100
- • Private Sector banking preference
- • NBFC with competitive FD rates
- • Senior citizens get +0.50% additional interest
- • Women depositors get +0.05% additional interest
Best Strategy:
- • Open multiple RDs for different goals
- • Keep ≤₹5L per bank for insurance
- • Compare rates before investing
- • Consider branch convenience
- • Review rates periodically
Explore more RD comparisons
Jump to other recurring deposit comparisons using these quick links.
Compare South Indian Bank with other banks
Compare Shriram Finance with other banks
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