state Bank of India There is a fierce competition going on between the post office and the post office in terms of giving higher returns to the customers. State Bank of India is offering interest ranging from 3.50 percent to 7.25 percent to its customers on Fixed Deposit (FD). Whereas the post office is giving interest ranging from 6.9 percent to 7.5 percent to its customers on Time Deposit (TD) of different tenures. Let us tell you that both FD and TD are the same scheme, where customers deposit money for a fixed period and get a fixed return on maturity. Today we will know here who is giving higher returns on FD of different tenures between State Bank and Post Office.
Who is giving higher returns for a period of 1 year?
The post office is offering 6.9 percent interest on TD with a tenure of 1 year. Whereas State Bank of India is offering 6.8 percent interest on 1 year FD.
Where will you get more interest on 2 year deposit?
The post office is offering 7.0 percent interest on deposits made for a period of two years. Whereas SBI is also giving only 7.0 percent interest on FD with a tenure of 2 years.
Where will you get more money in 3 years
Post Office is offering 7.1 percent return on 3 year TD. State Bank of India has lagged behind the post office here. SBI is offering 6.75 percent interest on 3 year FD.
Who is ahead in paying more interest in 5 years?
Let us tell you that State Bank of India is giving 7.10 percent interest to its customers on 400 days Amrit Kalash FD Scheme and 7.25 percent interest on 444 days Amrit Vrishti FD Scheme.
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