Bank FD : EPF, PPF or SBI FD, know where you are getting the strongest returns

If you want to avoid future worries, then you should invest in the right place at the right time. Financial discipline has become very important in today’s era. 

Let us know where it would be right to invest in today’s time so that money is not lost and better returns are also available. That is, which is risk free. FD is one such investment in today’s era. But the question is, is bank FD a good investment compared to PPF, EPF? Let’s know-

How much interest is getting on PPF? 

Public Provident Fund is getting 7.10% interest this quarter. At the same time, senior citizens are getting 7.40% interest on the Senior Citizen Savings Scheme. The current interest rate on Sukanya Samriddhi Yojana is 7.6%.

How much interest is State Bank of India paying on FD? 

2 years or more but less than 3 years State Bank of India is giving 5.20% interest. At the same time, the bank is getting 5.45% interest on fixed deposits of 3 years or more but less than five years.

Whereas if an investor gets it done in State Bank of India for 5 years to 10 years then they will get 5.50% interest. Let us tell you, these rates will be applicable on FDs of less than Rs 2 crore.

1- EPF – 8.10%

2- PPF – 7.10%

3- HDFC Bank – 5.45 – 6.00%

4- State Bank of India – 5.45 to 5.50%