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Post office Fixed Deposit(FD): Get more interest from banks on fixed deposits of Post Office, know how much profit can be taken in it

Nowadays the interest rate in fixed deposit schemes of banks has come down considerably. Previously, people considered it better to invest in the Fixed Deposit (FD) scheme of banks for good profits, but now the returns have reduced considerably. At the same time, investing in the fixed deposit scheme of the post office is getting good profits. The Fixed Deposit Scheme of the post office is called the Time Deposit Scheme. Know how much you can get compared to banks by investing in this scheme.



FDs can be made in banks for 7 days to 10 years, while the post office time deposit scheme offers an option of 1 year to 5 years. This post office scheme provides guaranteed returns. Explain that the government’s Sovereign Guarantee is available for investing in any savings scheme of the post office.

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The new rates of interest have come into effect from January 8 on fixed deposits in the country’s largest state-run State Bank of India (SBI). According to this, interest rate is getting 2.9% in fixed deposit scheme maturing in SBI from 7 days to 45 days. Those saving small in this FD may not benefit much.

State Bank gets 3.9 per cent in fixed deposit scheme maturing between 46 days to 179 days, 4.4 per cent in FDs maturing in 180 to 210 days and 4.4 per cent on FDs maturing between 211 days to 1 year. Used to be. At the same time, the interest rate is higher in the post office time deposit.

State Bank gets 5% interest on FDs maturing between 1 year and 2 years. At the same time, interest is getting 5.10% on maturity between 2 and 3 years and 5.30% on mid-term FD of 3 to 5 years. The bank is offering 5.40% interest on long term FDs of 5 to 10 years. Only senior citizens are getting 50 basis points more on the kind of FD.



Money can be deposited in the post office time deposit scheme for 1 year to 5 years. The post office is getting 5.5% interest on time deposits of 1 year, 2 years and 3 years.

The rate of interest in the time deposit scheme maturing in 5 years of post office is 6.7 percent. No bank pays this much interest on fixed deposits. These interest rates found in the post office time deposit scheme are applicable from January 1, 2021.

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