There was a time when it was believed that investing was only for the rich. But, with the changing times, now every section of the country has started to understand the importance of investment. Nowadays, from post office to mutual funds, from stock market to bank FD, we get the benefit of many types of savings schemes.
But, before investing, it needs to be kept in mind that whether you want to invest your money in any risky option or want to keep away from market risk. Today we are going to give you information about two such investment options which are away from market risk. This option is Post Office TD Scheme and SBI FD. So let us tell about the special things of both the schemes-
SBI FD interest rate
The country’s largest bank i.e. State Bank of India is offering about 5.5 percent interest rate on its 5-year fixed deposit. Along with this, the bank offers 2.9 percent interest rate on FDs of 7 to 45 days to ordinary citizens. 3.9 percent on FDs of 46 to 179 days, 4.4 percent on FDs of 180 days to 210, 4.4 percent on FDs of 211 days to less than 1 year, 5.1 percent on FDs of 1 to 2 years, 5.2 percent on FDs of 2 to 3 years The interest rate is 5.45 percent on FDs of 3 to 5 years and 5.5 percent on FDs of 5 to 10 years.
Interest rate available on Post Office TD
On the other hand, if you invest money in the post office term deposit scheme, you will get 6.7 percent interest rate. This interest rate is offered for a tenure of 5 years. The post office is offering this interest rate from the year 2020. At the same time, it offers 5.5 percent interest rate on term deposits of tenures ranging from 1 year to three years. In such a situation, if you are planning to invest in either of the schemes, then the term deposit scheme of the post office will give you more returns.
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