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public vs private sector

Central Bank vs ICICI RD

Side-by-side comparison of Central Bank of India and ICICI Bank RD schemes — rate bands, senior bonuses, compounding and end-to-end maturity on identical inputs. All figures use last-published rates as on 2025-09.

Central Bank vs ICICIRD side-by-side

rates as on 2025-09
5,000
3.00
7.00
7.00
Central Bankpublic
Effective rate
7% p.a.
Invested
₹1,80,000
Interest
₹20,686
Maturity
₹2,00,686
ICICIprivate
Effective rate
7% p.a.
Invested
₹1,80,000
Interest
₹20,686
Maturity
₹2,00,686
// verdict
Both banks return exactly the same maturity at these inputs.

Central Bank RD Interest Rates

last published — 2025-09
TenorGeneral (% p.a.)Senior (% p.a.)
6 – 12 months6.006.50
1 – 2 years6.857.35
2 – 3 years7.007.50
3 – 5 years6.757.25
5 – 10 years6.507.00
Rates shown are the last-published indicative rates from Central Bank of India as on 2025-09. Verify the current schedule on the bank's official website before booking a deposit — actual rates may change without notice.

ICICI RD Interest Rates

last published — 2025-09
TenorGeneral (% p.a.)Senior (% p.a.)
6 – 9 months5.756.25
9 – 12 months6.006.50
12 – 24 months6.707.20
24 – 36 months7.007.50
36 – 60 months7.007.50
60 – 120 months6.507.50
Rates shown are the last-published indicative rates from ICICI Bank as on 2025-09. Verify the current schedule on the bank's official website before booking a deposit — actual rates may change without notice.

// central bank vs icici at a glance

Central Bank

One of the oldest commercial banks in India with deep rural footprint and PSU deposit guarantees.

  • · Established 1911, HQ Mumbai
  • · RD rate band: 6.00% – 7.00%
  • · Senior bonus: 50 bps
  • · Min monthly: ₹100
ICICI

Major private bank offering a wide spread of FD tenors with attractive 15-to-21 month sweet-spot rates.

  • · Established 1994, HQ Vadodara
  • · RD rate band: 5.75% – 7.00%
  • · Senior bonus: 50 bps
  • · Min monthly: ₹500

Both Central Bank of India and ICICI Bank are scheduled commercial banks regulated by the Reserve Bank of India, so the contract terms, KYC requirements and DICGC ₹5 lakh deposit insurance are identical. The real differentiation is in the rate card and the special-tenor product mix.

The RDcalculator above lets you tune principal, tenor, and each bank's applicable rate independently — useful when the two banks lead at different slabs (a common scenario when one runs a special-tenor offer like 444 / 555 / 700 days).

// frequently asked questions

Central Bank's RD rates span 6.00%–7.00% p.a. while ICICI spans 5.75%–7.00% (as on 2025-09). The 'better' bank depends on your exact tenor — use the calculator above to compare on the slab you actually plan to book.