Union Bank of India vs Slice Bank Recurring Deposit Comparison 2025
Compare Recurring Deposit interest rates, maturity amounts, and features between Union Bank of India (Public Sector) and Slice Bank (Private Sector). Analyze the security of public sector banking versus the convenience of private sector services.
Union Bank
Slice 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) -Union Bank: % |Slice Bank: %
Direct comparison of general rates
Feature Comparison
Features | Union Bank Public Sector | Slice Bank 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 Union Bank and Slice Bank
Family Accounts: Use different family members' accounts for additional coverage
Best of Both: Combine Union Bank (security) with Slice Bank (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
- • Government-owned bank with strong security
- • Merged entity strength
- • Pan-India presence
- • Minimum amount: ₹100
- • Private Sector banking preference
- • Digital-first bank
- • Competitive interest rates
- • Digital banking services
- • Open multiple RDs for different goals
- • Keep ≤₹5L per bank for insurance
- • Use Union Bank for stability
- • Use Slice Bank for convenience
- • Review rates periodically
Explore more RD comparisons
Jump to other recurring deposit comparisons using these quick links.
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