Private Sector
Public Sector
Utkarsh Small Finance Bank vs Central Bank of India Recurring Deposit Comparison2025
Compare interest rates, features, and returns between Utkarsh Small Finance Bank (Private Sector) and Central 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) -Utkarsh SFB: % |Central Bank: %
Direct comparison of general rates
Feature Comparison
| Features |  Utkarsh SFB 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 Utkarsh SFB and Central Bank
Family Accounts: Use different family members' accounts for additional coverage
Best of Both: Combine Utkarsh SFB (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
- • Small Finance Bank with highest FD rates
- • Premium rates up to 8.75% for senior citizens (2-3 years)
- • Established in 2017 with strong track record
- • 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 Utkarsh SFB for convenience
- • Use Central Bank for stability
- • Review rates periodically
Explore more RD comparisons
Jump to other recurring deposit comparisons using these quick links.
Ready to Invest in Recurring Deposits?
Use our individual bank calculators for detailed planning