SBI vs Post Office FD Calculator: If you invest 2 lakh rupees in SBI for 5 years, then how much profit will you get and how much profit will you get if you invest in post office. Understand it through calculation.
SBI vs Post Office FD Calculator: If you want to invest in fixed deposits for a long time and are confused about whether to invest in a bank or a post office, then here we are telling you about 5-year FD of Post Office and 5-year FD of State Bank. At present, you are getting a return of 7.5 percent on 5-year FD in Post Office, while you will get a profit of 6.75 percent on State Bank. Let us tell you on the basis of calculation that if you invest 2 lakh rupees in SBI for 5 years, then how much profit will you get and how much profit will you get if you invest in post office.
How much profit in bank
If you invest Rs 2 lakh in State Bank for 5 years, then you will get an interest of Rs 79,500 at the rate of 6.75 percent. In this way, you will get a total of Rs 2,79,500 on maturity. On the other hand, if senior citizens deposit Rs 2 lakh in it for 5 years, then they will get more benefit. At present, senior citizens are being given interest at the rate of 7.25 percent on FD up to 5 years. In such a situation, they will get a total of Rs 86,452 as interest and thus a total of Rs 2,86,452 will be available on maturity.
How much profit in post office
If we talk about post office, at present, the post office is giving interest at the rate of 7.5 percent. In such a situation, on investing 2 lakh rupees for 5 years, you will get 89,990 rupees as interest on maturity. In this way, a total of 2,89,990 rupees will be received on maturity. Senior citizens will also get the same amount on maturity. In such a situation, there is more profit in the post office on 5-year FD.
Interest rate of other FDs of SBI
More than 1 year but less than 2 years: 6.80%
More than 2 years but less than 3 years: 7.00%
More than 3 years but less than 5 years: 6.75%
More than 5 years but up to 10 years: 6.50%
Senior citizens get .50 percent more.
Interest rates on other Post Office FDs:
1 year FD: 6.00%
2 year FD: 7.00%
3 year FD: 7.10%
5 year FD: 7.50%
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