Ujjivan Small Finance Bank vs Indian Overseas Bank Recurring Deposit Comparison 2026
Compare Recurring Deposit interest rates, maturity amounts, and features between Ujjivan Small Finance Bank (Private Sector) and Indian Overseas Bank (Public Sector). Analyze the security of public sector banking versus the convenience of private sector services.
Ujjivan SFB
IOB
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) -Ujjivan SFB: % |IOB: %
Direct comparison of general rates
Feature Comparison
Features | Ujjivan SFB Private Sector | IOB 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 Ujjivan SFB and IOB
Family Accounts: Use different family members' accounts for additional coverage
Best of Both: Combine Ujjivan SFB (convenience) with IOB (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 7.95% for senior citizens
- • Sampoorna Nidhi FD scheme
- • Minimum amount: ₹100
- • Public Sector banking preference
- • Government-owned bank with strong security
- • Wide branch network across India
- • Competitive interest rates
- • Open multiple RDs for different goals
- • Keep ≤₹5L per bank for insurance
- • Use Ujjivan SFB for convenience
- • Use IOB for stability
- • Review rates periodically
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