Private Sector
Public Sector
Suryoday Small Finance Bank vs State Bank of India Recurring Deposit Comparison2025
Compare interest rates, features, and returns between Suryoday Small Finance Bank (Private Sector) and State Bank of India (Public 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) -Suryoday SFB: % |SBI: %
Direct comparison of general rates
Feature Comparison
| Features |  Suryoday SFB Private Sector |  SBI 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 Suryoday SFB and SBI
Family Accounts: Use different family members' accounts for additional coverage
Best of Both: Combine Suryoday SFB (convenience) with SBI (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
- • Small Finance Bank with competitive rates
- • High FD rates up to 8.10% for senior citizens (5 years)
- • Premium rates on 5-year FDs
- • Minimum amount: ₹100
- • Public Sector banking preference
- • Largest branch network in India
- • Government backing and security
- • Online FD booking available
- • Open multiple RDs for different goals
- • Keep ≤₹5L per bank for insurance
- • Use Suryoday SFB for convenience
- • Use SBI for stability
- • Review rates periodically
Ready to Invest in Recurring Deposits?
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