Investment Tips: Which FD scheme of Post Office Term Deposit Scheme or SBI gives you more returns in three years? We are telling you this.
SBI FD vs Post Office TD: If you are thinking of investing in either Post Office Term Deposit Scheme and SBI FD Scheme (3 years), then we are telling you where you are getting more returns.
The government has recently increased the interest rates of the post office term deposit scheme by 10 basis points. In such a situation, during the period of three years, instead of 7 percent, the benefit of interest is 7.10 percent.
The new post office rates have been implemented from January 1, 2024 to March 31, 2024.
State Bank has announced an increase in interest rates on its FD scheme of less than Rs 2 crore on 27 December 2023. The bank has increased the rates on FDs of different tenures by 25 basis points.
The bank is offering 6.75 percent interest rate on FD for tenure of 3 to 5 years. These rates are being offered to ordinary citizens.
In such a situation, customers are getting the benefit of higher interest rates on the term deposit scheme of the post office.
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