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SBI Vs Post Office FD Calculator: Interest of 3.50 percent to 6.5 percent is offered on SBI’s FD. On the post office time deposit, customers are given interest of 6.9 percent to 7.5 percent.
Post Office’s scheme is getting more interest than SBI
FD rates of SBI-
7 to 45 days- 3.5 percent
46 to 179 days- 5.5 percent
180 to 210 days- 6.25 percent
211 days less than 1 year- 6.5 percent
Less than 1 year to 2 years- 6.8 percent
Less than 2 years to 3 years- 7 percent
Less than 3 years to 5 years- 6.75 percent
5 years to 10 years- 6.5 percent
Many types of savings schemes are being run for investment in post office. In this episode, a savings scheme is being run under the post office time deposit ie TD. This scheme is similar to FD. Investment can be started with only Rs 1,000 in the post office TD. No matter how much investment can be made. Time deposit scheme can be invested for 1 year to 5 years. Let us know about the interest rates of time deposit-
Post Office Time Deposit (1 year)- 6.9 percent
Post Office Time Deposit (2 years)- 7.0 percent
Post Office Time Deposit (3 years)- 7.1 percent
Post Office Time Deposit (5 years)- 7.5 percent
More profit from SBI in post office on 5 -year FD/time deposit
If you invest Rs 2 lakh in SBI for 5 years, then you will get a interest of Rs 76,084 at the rate of 6.5 percent. In this way you will get a total of Rs 2,76,084 at maturity. If you invest Rs 2 lakh in the post office time deposit for 5 years, then you will get a interest of Rs 89,990 at the rate of 7.5 percent. In this way you will get a total of Rs 2,89,990 at maturity.
