All the top banks in India give customers the option to invest in FDs. The major reason for this is that even today, fixed deposits remain a popular investment location. The reason for this confidence of the customers is the great returns on FDs and the security of money. In such a situation, if you are also thinking of investing in FD, then we make your job a little easier. Let us know where State Bank of India (SBI) and Post Office Term Deposits (Post Office) are getting the best returns.
Post Office Time Deposit or Post Office Term Deposit Scheme
Post office term deposit schemes are also similar to bank FDs. Any investor can invest from one year to 5 years in Post Office Term Deposit. Let us know how much return will be available on post office term deposit-
- On 1 year term deposit – 5.5%
- On Term Deposit of 2 years – 5.5%
- On term deposit of 3 years – 5.5%
- On 5 year term deposit – 6.7%
SBI Fixed Deposit
State Bank of India gives its customers a choice of 7 days to 10 years to invest in FDs. The interest rate is also fixed on the basis of time. Let’s know SBI’s interest rate
- 7 to 45 days – 2.9%
- 46 days to 179 days – 3.9%
- 180 days to 210 days – 4.4%
- 211 days or more but less than a year – 4.4%
- 1 year or more but less than 2 years – 5%
- 2 years or more but less than 3 years – 5.1%
- 3 years or more but less than 5 years – 5.3%
- 5 years to ten years – 5.4%
