SBI FD vs Post Office FD: People are confused about where to invest their hard earned money, where to get more income. Maybe this is bothering everyone. Many times people invest money in a place where they don’t get much return due to lack of information. But later when it is known, there is nothing left but regret. Because if the money is invested in the scheme at that time when it is withdrawn then there is a loss in it. In such a situation, you need to do a thorough check while investing money in the schemes of banks. Today we will share information about SBI and Post Office Fixed Deposit.
Post Office Interest Rate
Post Office FD Interest Rate: What is the interest rate on depositing money in Post Office Time Deposit Account? To get information about this, it is said that an interest rate of 5.5 percent is available on time deposits of 1 to 3 years tenure. While 6.7 percent interest is given on investment for 5 years.
Know the interest rates of SBI
SBI FD Interest Rate: Talking about the country’s largest banking company SBI, it is known that the interest payment arrangement is almost same as the interest paid in post office. According to the information, SBI is offering 2.90 to 5.50 percent interest on FD. At the same time, senior citizens are being offered 3.40 to 6.30 percent interest.
Who is the best?
It is said that if a comparison is made between Post Office and SBI it is known that Post Office is better. Because getting 5 years FD in SBI gives interest at the rate of 5.5%. Whereas, for this same period at the post office, a time deposit for 5 years earns 6.7 percent interest. Post office is more suitable than SBI in such situation.
