Post office RD vs SBI RD: If you are thinking of investing in either the RD scheme of Post Office or State Bank, then we are telling you about the interest rates of both.
Post office RD vs SBI RD: Post office keeps launching various types of small saving schemes. If you want to get big funds by investing a small amount every month, then you can invest in the RD scheme of the post office.
State Bank is also offering high interest rates on RD scheme. If you are thinking of investing in either the post office or SBI scheme, then we are telling you about the interest rates available on both.
Under the Post Office RD Scheme, 6.70 percent interest rate is being offered to the customers. In this scheme you can invest a minimum of Rs 100 per month and a maximum of Rs 10.
Under the Post Office RD Scheme, you can invest for a total of 5 years. You can open this account as single or joint account.
Under the RD scheme of SBI, the bank is offering 6.80 percent interest rate to general citizens and 7.30 percent to senior citizens for a period of 1 to 2 years. Whereas on RD scheme for 2 to 3 years, general customers are getting 7 percent interest rate and senior citizens are getting 7.50 percent interest rate and for 3 to 5 years period, 6.50 percent interest rate and senior citizens are getting 7 percent interest rate.
Whereas on RD scheme for period of 5 to 10 years, SBI general customers are getting 6.50 percent interest rate and senior citizens are getting 7.50 percent interest rate. If you talk about 5 year RD scheme then common people are getting higher returns at the post office. Whereas senior citizens are getting the benefit of higher interest in SBI’s RD scheme.
