FD opens in post office in the name of TD
Fixed Deposit: In this era of stock market, mutual funds, most people of the country still consider FD as the best and safe means for investment. The huge decline in the Indian stock market for months has blown away the nights of common investors. In such a situation, investors who have been disgusted with the market are once again turning back to the bank FD. Along with all the government and private banks of the country, post offices are also offering tremendous interest to their customers on FD. Today we will know here who is paying more interest from State Bank of India (SBI) and post office on fixed deposits.
State Bank of India (SBI)
State Bank of India is the largest government bank in the country. This bank is giving interest to its customers from 3.50 percent to 7.25 percent on FDs. SBI is paying 6.80 percent on 1 year FD, 7.00 percent on 2 years FD, 6.75 percent on 3 years FD, 6.75 percent on 4 years FD and 6.50 percent on 5 years FD. SBI is paying an extra interest of 0.50 to people above 60 years of age on all these FD schemes.
Post office
Like banks, post offices also allow their customers to open FD account. In the post office, FD is known as Time Deposit ie TD. TDs can be done for at least 1 year and maximum 5 years in the post office. The post office is paying 6.9 percent at 1 year TD, 7.0 percent on 2 years TD, 7.1 percent on TD of 3 years and 7.5 percent on 5 years TD. Let us tell you that the post office like banks does not pay any extra interest to senior citizens. Everyone is given equal interest in the post office.
Latest business news
