Investment: Want to invest 5 lakh rupees for 5 years, post office or government bank, where will you get more profit?

If you want to earn good returns while keeping your money safe, then there is hardly any better option than a Fixed Deposit i.e. FD. Whether it is about post offices or government banks, by investing in FD in both places, you can not only keep your money safe but also get fixed returns. But the question arises that if you have Rs 5 lakh and you want to invest in FD for 5 years, then which option between the post office and government bank will give you more profit?

How much return will you get in SBI's 5-year FD?

The country's largest government bank, State Bank of India i.e. SBI, gives its customers a great opportunity to invest in FD. If you get FD done in SBI for 5 years, then you get an interest rate of 6.05 percent. If you invest Rs 5 lakh in SBI, then after completion of 5 5-year period, you will get a total of Rs 6 lakh 75 thousand 88. Out of this, Rs 1 lakh 75 thousand 88 will be your profit.

How much will the profit be in the 5-year FD of the post office?

Post office FD is also very popular among investors. The biggest reason for this is that it is a complete government scheme, which means a full guarantee of security of your money. Along with this, the interest rate in post office FD is sometimes higher than in banks. If you get FD done in the post office for 5 years, then you get an interest rate of 7.5 percent. Now let's see how much return you will get on FD of Rs 5 lakh. If you invest Rs 5 lakh in the post office, then after 5 years you will get a total of Rs 7 lakh 24 thousand 974. Out of this, Rs 2 lakh 24 thousand 974 will be your profit.

SBI vs Post Office: Who is better?

If we compare both, then in SBI FD you get an interest rate of 6.05 percent, under which on an investment of Rs 5 lakh, after 5 years you will get Rs 6 lakh 75 thousand 88, that is, a profit of Rs 1 lakh 75 thousand 88. At the same time, in post office FD you get an interest rate of 7.5 percent, under which on an investment of Rs 5 lakh, after 5 years you will get Rs 7 lakh 24 thousand 974, that is, a profit of Rs 2 lakh 24 thousand 974. It is clear that in post office FD you will get a higher profit of Rs 49 thousand 886 than SBI. That is, if you are looking for more returns, then post office FD can be a better option for you.

Why is FD the first choice of investors?

Fixed Deposit i.e. FD has been the trust of people for a long time. The biggest reason for this is that your money is completely safe in it. There is no fear of losing money and no tension of market fluctuations. Apart from this, the return received in FD is already fixed. That is, you know in advance how much money you will get back after the completion of FD. This is the reason why be it elderly, employed people or small investors, everyone likes to invest in FD.

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