In today’s time if you talk about risk free investment then people trust more on FD and RD. This is because of the great returns that come with safety. In such a situation, if you are also thinking of investing, then where will you get better returns in Post Office Term Deposit and State Bank of India Fixed Deposit. Let us understand in detail-
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 term deposit of 5 years – 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 the interest rate of SBI
- 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%
