If you want to invest your money in FD, then you must first know where you can earn more profit by investing. Today we will tell you where you can earn more profit by investing money, SBI or post office.
SBI Vs Post Office: Whenever it comes to investing money, most people think of investing money in FD. Fixed Deposit i.e. FD is the best option for investment. In this, the investor gets guaranteed returns. Also, there is no risk of losing money. To invest in FD, most people prefer to invest in a government bank. Apart from government banks, investing in post office FD is also a best option.
If you want to invest your money in FD, then you must first know about where you can earn more profit by investing. Today we will tell you where you can earn more profit by investing money, SBI or post office.
Investment in SBI FD will give this much profit
The country’s largest government bank SBI is offering its customers interest rates ranging from 3.5 percent to 6.5 percent on FDs of different tenures. If you invest Rs 2 lakh in SBI in a 5-year FD, then you will get Rs 2,76,084 on maturity. In a period of 5 years, you will get interest at the rate of 6.5 percent in SBI.
Post Office FD will give you this much profit
You can invest your money in Time Deposit i.e. TD in the post office. You can start the initial investment with just Rs 1000. If you invest Rs 2 lakh in Post Office TD for 5 years, you will get Rs 2,89,990 on maturity. Here you will get interest at the rate of 7.5 percent.
