SBI or Post Office Scheme: Everyone is saving something for a safe future. Most people prefer fixed deposits in terms of investment in savings. Because, people trust less risk and assured returns. This is why they like to invest in FDs. However, the trend is changing now. And people are also looking at better facilities for investment. In such a situation, the trend of people has shifted towards post office saving.
If you too are thinking of investing your savings and you are confused whether to get it fixed fixed in the bank or invest it in the post office. In such a situation, today we tell you how and where to invest your savings so that you can earn more profit. We are telling you today that it will be better for you to get FD in SBI or it will be beneficial for you to invest in the post office. Read full report …
First of all, know that you can get FD in banks from 7 days to 28 days for maturing FDs for 10 years. Whereas, you can deposit in the post office for one year to 5 years.
How much interest will be available in FD of SBI: The new interest rates on FD in State Bank of India has come into effect from January 8 this year. According to the new interest rates, FDs maturing in 7 days to 45 days will get 2.9 percent interest. Whereas, in 46 to 179 days, 3.9 percent interest will be given on Calia FD.
At the same time, 4.4 percent on FDs made for 180 to 210 days. And on FD made between one year and 2 years, 5 percent interest will be given, whereas, FDs of 5 years to 10 years will get 5.40 percent interest.
How much interest will be available for investment in the post office: Apart from this, the interest rates on the time deposit in the post office have become effective from January 1, 2021. In this, investors get 5.5 percent interest on time deposits of one year duration. At the same time, the same interest rates are being given on the deposit period of 2 years and 3 years.
However, depositors are paid 6.7 percent interest after investing in the post office for 5 years. In such a situation, if you make FD in the post office for a period of 1 year to 5 years, then according to the current interest rate you will get more interest.
