Post Office TD vs SBI FD: Which plan has the highest interest rate between Post Office’s Time Deposit Scheme and State Bank of India’s Fixed Deposit Scheme? Let us know.
Post Office TD vs SBI FD (Fixed Deposit): Nowadays there are many types of plans available in the market for investment. However, some of these plans are also risky. Whereas, to get good returns without risk, you can invest in State Bank of India or Post Office plans. Both being government schemes, they are known to provide benefits of risk free schemes.
If we talk about Time Deposit Scheme of Post Office and Fixed Deposit of State Bank of India, then investing in which of the two is more beneficial? Which one gets the benefit of higher interest? Today we are going to tell you about the time deposit scheme of the post office and the fixed deposit of State Bank of India.
Post Office TD vs SBI Fixed Deposit
If you are also thinking of investing but are confused about which will be the best scheme between Post Office Time Deposit Scheme and SBI FD Scheme, then let us know which of the two will be the highest interest scheme?
Post Office Time Deposit
If you invest in Post Office’s TD i.e. Time Deposit Scheme with a tenure of 1 year, then you will get the benefit of 6.90 percent interest rate on it. At the same time, if you make FD for 2 years then you can avail the benefit of 7 percent interest and on 3 year FD also 7 percent interest.
SBI Fixed Deposit
The benefit of fixed deposit scheme is provided by State Bank of India, which is with different tenure and interest. If we talk about FD made for 2 to 3 years, it gives the benefit of 7 percent interest. Whereas, senior citizens get the benefit of 7.50 percent interest.
By investing in Amrit Kalash Scheme under the special fixed deposit scheme of the bank, you can avail the benefit of 7.10 percent interest. You can avail the benefit of this interest rate with FD of 400 days. Whereas, under Amrit Kalash Scheme, senior citizens get the benefit of 7.60 percent interest rate on FD.
