SBI or Post Office FD: Both FD and TD are the same scheme, where customers deposit money for a fixed period and get a fixed return on maturity.
SBI or Post Office FD: There is a fierce competition between State Bank of India and Post Office in terms of giving more returns to the customers. State Bank of India is giving interest ranging from 3.50 percent to 7.25 percent on Fixed Deposit (FD) to its customers. Whereas the post office is giving interest ranging from 6.9 percent to 7.5 percent on Time Deposit (TD) of different periods to its customers. Let us tell you that both FD and TD are the same scheme, where customers deposit money for a fixed period and get a fixed return on maturity. Today we will know here who is giving more return among State Bank and Post Office on FD of different periods.
Who is giving more return for 1 year period
The post office is giving 6.9 percent interest on TD of 1 year period. Whereas State Bank of India is offering 6.8 percent interest on 1 year FD.
Where will you get more interest on 2 year deposits
The post office is giving 7.0 percent interest on deposits made for a period of two years. While SBI is also giving 7.0 percent interest on 2 year FD.
Where will you get more money in 3 years
The post office is offering 7.1 percent return on 3 year TD. State Bank of India has lagged behind the post office here. SBI is giving 6.75 percent interest on 3 year FD.
Also Read- SBI MF’s new scheme! You can start investing from ₹5000; Option of daily and weekly SIP will also be available
Who is ahead in terms of giving more interest in 5 years
The post office is offering a great interest of 7.5 percent to its customers on 5 year term deposit. While State Bank of India is giving only 6.5 percent interest to its customers on 5 year FD.
Let us tell you that State Bank of India is giving its customers 7.10 percent interest on 400 days Amrit Kalash FD scheme and 7.25 percent interest on 444 days Amrit Vrishti FD scheme.
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