In today’s time if you talk about risk free investment then people trust more on FD and RD. This is because of the great returns that come with safety. In such a situation, if you are also thinking of investing, then where will you get better returns in Post Office Term Deposit and State Bank of India Fixed Deposit. Let us understand in detail-
Post Office Time Deposit or Post Office Term Deposit Scheme
Post office term deposit schemes are also similar to bank FDs. Any investor can invest from one year to 5 years in Post Office Term Deposit. Let us know how much return will be available on post office term deposit-
- On 1 year term deposit – 5.5%
- On Term Deposit of 2 years – 5.5%
- On term deposit of 3 years – 5.5%
- On term deposit of 5 years – 6.7%
SBI Fixed Deposit
State Bank of India gives its customers a choice of 7 days to 10 years to invest in FDs. The interest rate is also fixed on the basis of time. Let’s know the interest rate of SBI
- 7 to 45 days – 2.9%
- 46 days to 179 days – 3.9%
- 180 days to 210 days – 4.4%
- 211 days or more but less than a year – 4.4%
- 1 year or more but less than 2 years – 5%
- 2 years or more but less than 3 years – 5.1%
- 3 years or more but less than 5 years – 5.3%
- 5 years to ten years – 5.4%
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We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
