Post Office Scheme: On investing Rs 350000 in SBI FD, you get Rs 4,83,147, know how much interest the post office is giving..

There are many investment options available in the market at this time where you can create a huge fund by investing just 100 or 500 rupees per month. But most people are looking for such an investment option where the money is safe and fixed returns are also available. If you are also looking for such an option, then this news is useful for you.

Common investors invest in the FD scheme of banks and post offices. But do you know which option among post office and SBI FD (SBI FD Interest Rate) gives a better option to invest in?

State Bank of India offers interest ranging from 3.50 percent to 7.25 percent on FD. On the other hand, customers are given interest ranging from 6.9 percent to 7.5 percent on Post Office Time Deposit.

How much return will you get on investing in FD for 5 years -

If you want to invest in a 5-year FD, then the State Bank of India (SBI FD Rates) is giving a return of 6.5 percent. At the same time, the post office gives 7.5 percent interest for this period.

Interest rate on 5-year FD in SBI -

If you invest Rs 3,50,000 in 5 years, you get 6.50 percent annual interest.

You will get Rs 1,33,147 interest on the investment amount.

On maturity, your amount will become Rs 4,83,147.

The interest rate on 5-year time deposit in the post office -

If you invest Rs 3,50,000 in 5 years.

You get 7.50 percent annual interest.

So you will get Rs 1,57,482 interest on your investment amount. On maturity, your amount will become Rs 5,07,482.

Which will give more profit in SBI or Post Office -
If you invest Rs 3.5 lakh in SBI for five years, then you will get a return of Rs 1,33,147 at the rate of 6.5 percent. In this way, you will get a total of Rs 4,83,147 on maturity. If you invest Rs 3.5 lakh in Post Office Time Deposit for 5 years, then you will get an interest of Rs 1,57,482 at the rate of 7.5 percent. In this way, your total amount on maturity will become Rs 5,07,482.

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