Most of the people of the country have maximum faith in the post office scheme. Actually, the Government of India claims the security of its scheme. Let us tell you that, even after the recent increase in the repo rate of the Reserve Bank of India (RBI), its effect is being seen on the big banks of the country.
According to a report, due to the increase in the repo rate of RBI, many big banks have increased the interest rates of FD. Due to this increase, customers are getting more return on their investment. Not only this, at this time many banks are also offering maximum returns on FD to the customers.
Interest rate offer on FD of post office and other banks
Most of the people are always worried about investing in post office FD and bank FD. The interest rate is given by the bank to the customers on the FD for a period of 1 year.
For your information, let us tell you that State Bank of India (SBI), Punjab National Bank, ICICI Bank, Bank of Baroda (Bank of Baroda), HDFC Bank (HDFC Bank) etc. including post office also have more on FD. Interest rate is being offered which is something like this.
State Bank of India (SBI) has an interest rate of 5.10 percent on FD fixed deposits of less than Rs 2 crore with a time period of 1 year. Similarly, in ICICI Bank, an interest of about 5.10 percent is offered on FDs of less than 2 crores in a period of 1 year. Interest is offered in the same way in all other banks as well.
Invest in Post Office FD
In most of the post office schemes, customers get good returns. For this reason, people are also associated in more numbers in its scheme. If we talk about the return on investment in the post office FD scheme, then customers are given a good return of up to 5.5 percent on investment up to 1 year.
Not only this, you can easily open a post office FD even with an investment of Rs 1000 in the post office. In which you get an interest of up to 6.70 percent on FD up to 5 years.
