Post Office FD: The country’s largest government bank – State Bank of India i.e. SBI is offering 6.5 percent interest to its customers on 5-year FD i.e. fixed deposit. SBI is giving 7.5 percent interest to senior citizens on 5-year FD scheme.
Post Office FD: There was a time when people did not have many options for safe and fixed return investment, but now times have changed a lot. Today, people of all classes in the country have many investment options available. Post Office i.e. Dakghar is now running many types of investment schemes with great enthusiasm.
1% more return than SBI
The special thing is that the post office is not only running attractive schemes for its customers but is also giving more return than the big banks of the country. Yes, the post office is giving 1 percent more interest on 5-year FD scheme than the country’s largest government bank SBI.
SBI is offering 6.5% interest on 5-year FD
The country’s largest government bank – State Bank of India i.e. SBI is offering 6.5 percent interest to its customers on 5-year FD i.e. fixed deposit. SBI is offering 7.5 percent interest to senior citizens on 5-year FD scheme.
7.5% interest is available in post office on 5-year TD
On the other hand, the post office is offering 7.5 percent interest to all its customers on 5-year TD i.e. time deposit, no matter what your age is. Let us tell you that the TD scheme of the post office is similar to the FD scheme run by banks. Like FD, in TD also investors get fixed and guaranteed returns after a fixed time.
Understand the difference by example
For example, if you are not a senior citizen and deposit Rs 5 lakh in a 5-year FD in SBI, then on maturity you will get a total of Rs 6,90,209 lakh. On the other hand, if you invest the same amount in a post office TD, then you will get a total of Rs 7,24,974 on maturity. That is, you will get Rs 34,765 more in the post office compared to the State Bank of India.
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