SBI or Post Office, if you do a 5 year FD, from where you will get more profit, consider a FD of ₹ 2 lakh.

SBI vs Post Office FD Calculator: For safe investment and assured returns, people invest in fixed deposits. Common investors invest in FD schemes of banks and post offices. Do you know which investment option in Post Office and SBI FDs gives a better option?

SBIFD Rates-
7 to 45 days – 3.5 percent
46 to 179 days – 5.5 percent
180 to 210 days – 6.25 percent
211 days to less than 1 year – 6.5 percent
1 year to less than 2 years – 6.8 percent
2 years to less than 3 years – 7 percent
3 years to less than 5 years – 6.75 percent
From 5 years to 10 years – 6.5 percent

Post Office Time Deposit
Various savings schemes are being run for investment in the post office. In this context, a savings scheme called Post Office Time Deposit i.e. TD is being run. This scheme is similar to FD. Investment in Post Office TD can be started from just Rs.1,000. The maximum amount that can be invested is any amount. Time deposit scheme can be invested from 1 year to 5 years. Tell us about interest rates on time deposits-

Post Office Time Deposit (1 year) – 6.9 percent
Post Office Time Deposit (2 years) – 7.0 percent
Post Office Time Deposit (3 years) – 7.1 percent
Post Office Time Deposit (5 years) – 7.5 percent

Higher return on 5 year FD/Time Deposit with Post Office as compared to SBI
If you invest Rs 2 lakh in SBI for 5 years, you will get interest of Rs 76,084 at 6.5%. Thus you will get a total of Rs 2,76,084 on maturity. If you invest Rs 2 lakh in a post office time deposit for 5 years, you will get an interest of Rs 89,990 at 7.5%. Thus you will get a total of Rs 2,89,990 on maturity.

Tags: Bank FD, FD Rates, Fixed Deposits, Post office, SBI