SBI vs Post Office FD Calculator: Fixed Deposit is the best option if you are associated with a job and want to earn money from the other side. Your money will be safe in a Fixed Deposit, and you will also get bumper benefits. Do not let this opportunity slip away. You can get bumper benefits by making a Fixed Deposit in SBI and Post Office, where you will get substantial benefits.
Bumper returns are also available when making a fixed deposit for 5 years. In such a situation, you must know where you benefit from good interest in SBI and Post Office by making a Fixed Deposit for 5 years. If you do not know, then detailed information about SBI and the Post Office is given below, where there will not be any problem. Just learn some things in detail first.
How much interest is being received on FD in SBI
It will be essential to know on what basis interest is being received on investing in SBI. If you invest in SBI for 7 to 45 days, you will get 3.5% interest. 5.5pcentntt on investments of 46 to 179 days, 6.2per per cent for 180 to 210 days, 6per per cent for 211 days to less than 1 year, per cent for less than 1 year to 2 years, 7 per cent for less than 2 years to 3 years, 6.75per cent for less than 3 years to 5 years and 6.5 per cent interest on a period of 5 years to 10 years, where you can get bumper benefits.
Interest rate on Fixed Deposit in Post Office
6.9 per cent interest will be given on a 1-year time deposit in the post office. Also, 7.0 per cent interest is provided on 2-a year time deposit. 7.1 per cent interest is being given on a 3-year time deposit. 7.5% interest is being given ona 5-year time deposit.
Where is good interest available in 5 years
If you invest Rs 2 lakh in SBI for 5 years, then at the rate of 6.5% interest, you will get an interest of about 76 thousand rupees. In this way, you will be given a return of Rs 2.76 lakh on maturity. If you make a time deposit of 2 lakh in the post office for 5 years, then at the rate of 7.5%, you will be given an interest of Rs 89,990. Rs 2,89,990 will be returned on maturity.