The country’s economy has been affected to a large extent due to the Corona epidemic. Many people lost their jobs, many of them lost their jobs. However, the economy is slowly improving now. People who had diverted their attention from investment in the time of this crisis, now with the improvement in the market, the trend towards investment in people has started increasing. Today we are going to tell you the option of great investment for safe and good returns.
Fixed deposits are always considered the right option for safe and assured returns. But FD has lost its charm in recent times due to low interest. Due to the Corona crisis, most banks have cut their interest rate, due to which there is a slight decrease in investment in people.
However, people still want FD for two reasons. The first reason is that there is very little risk in it. The second reason is to get assured returns in FD. Apart from this, the biggest advantage in this is that you can withdraw money when you need it.
Now it comes to where to FD. So want to tell here that you can fix your money at both the bank and post office. In the bank, you can get fixed for less time to longer time, then in the post office you get 1 year to 5 years option.
Talking about SBI, 2.9 percent interest is being given to customers on FDs maturing in 7 days to 45 days. Whereas FDs maturing in 46 to 179 days are getting 3.9 per cent, 4.4 per cent in 180 to 210 days and 4.4 per cent on FDs maturing within 211 days. 5% on FDs maturing between 1 year and 2 years. While 5.40 percent interest is being given on long-term FDs of 5 years to 10 years.
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At the same time, 5.5% interest is given on 1 year investment in the post office time deposit. At the same time, if fixed for five years, then interest of 6.74 percent is being given in it. So you can go to both bank and post office options.
