SBI Fixed Deposit vs Post Office Term: Fixed Deposit is one such scheme on which the middle class family of India trusts a lot. This is the reason why people invest heavily in FD schemes. Banks know this very well. This is the reason why different offers are given by the bank. Apart from the bank, the term deposit scheme of the post office also gives good returns. At present, an investor has both these options, let us know where is getting better returns at this time.
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State Bank of India Fixed Deposit (SBI FD Interest Rates)
On behalf of the State Bank of India, customers are being given the option of investing in FDs from 7 days to 10 years. The general customers are being given interest from 2.9% to 5.5% on behalf of the bank.
On FDs of 7 days to 45 days – 2.9%
On FDs of 46 days to 179 days – 3.9%
On 180 days to 210 days – 4.4%
211 days or more but less than 1 year – 4.4%
1 year or more but less than 2 years – 5.1%
2 years or more but less than 3 years – 5.2%
3 years or more but less than 5 five years – 5.45%
5 years or more but less than 10 years – 5.5%
Post Office Term Deposit Scheme
Post office term deposit schemes are also similar to bank FDs. For example, returns are guaranteed in fixed deposits. Similarly, returns are guaranteed in term deposit schemes. The option of investing in this scheme is being given by the post office from 1 year to 5 years.