SBI FD vs Post Office TD: If you are thinking of investing in either Post Office TD and SBI FD scheme, then we are telling you about the interest available on both.
SBI FD vs Post Office TD: Despite many options available in the market, investors still prefer to invest money in fixed deposit schemes. In such a situation, if you are thinking of investing in either the FD scheme of Post Office or SBI, then we are telling you about the interest rate available in both the schemes for a period of two years.
SBI is offering 7 percent interest rate to its general customers on fixed deposit scheme for a tenure of 2 to 3 years. During this period, 7.50 percent interest rate is being offered to senior citizens.
Under SBI’s special FD scheme Amrit Kalash Scheme, general customers are getting the benefit of 7.10 percent interest rate on 400 day FD and senior citizens are getting 7.60 percent interest rate.
Under the time deposit scheme of the post office, customers are getting the benefit of 6.90 percent interest rate on the tenure of 1 year.
At the same time, the benefit of 7.00 percent interest rate is available for FD of two years and 7.00 percent for FD of 3 years also.
In such a situation, the same interest rate is available on SBI and Post Office FD for a period of 2 years. Under SBI Amrit Kalash Scheme, you will get the benefit of higher interest rate of 7.10 percent. Along with this, senior citizens are getting the benefit of additional 0.50 percent interest in SBI.
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