A better portfolio is one that has a mix of both secured and unsecured schemes. People still trust post office and bank fixed deposits. These are considered to be the safest platforms. But do you know which one is giving higher returns, post office or bank FD? Which one is more profitable?
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New Delhi. Often when safe investment is talked about, the names of post office and bank FD come to people’s mind. People remain confused between these two while investing. Today we will clear this confusion. We will know which one is giving more return, post office or bank FD.
First of all, let us know how much return is being given in bank FD at present.
How much interest is being given in Bank FD?
Every small and big bank of the country is currently getting 7 to 8 percent return. At the same time, this return is when you take a loan for 3 to 5 years. That is, you will get good return in bank FD only if you take a loan for a long time. Now let us know how much return is being given in the post office scheme.
How much return is available in Post Office?
Although the highest return is available in Post Office Senior Citizen and Sukanya scheme. But not everyone can invest in it. Only 60 years old can apply in Post Office Senior Citizen Scheme. Whereas only girls can invest in Sukanya scheme. It has been started especially for girls.
There are many such schemes in Post Office, in which there is no such limit for investing. Currently 7.7 percent return is available in Post Office National Saving Certificate Scheme. You can start this scheme with an amount of Rs 1000. There is no maximum limit in it.
Now let’s know what is better for you?
What is better?
What is better for you depends on which bank’s FD you are investing in. Before investing, definitely check how much return the bank FD is giving you. If you are getting less than 7.5% return in bank FD, then you can invest in Post Office National Saving Certificate or Kisan Vikas Patra Scheme.
You will get up to 7.5% return in Kisan Patra Scheme also.
