Which is the best way to invest?
Fixed Deposit has always been the most popular investment option among indian investors. Its specialty is that it is better than other investments. It allows investment in both the short term and long term as per the requirement of the customers. You can open a Fixed Deposit from any bank or post office. The rates are revised quarterly based on the market conditions and the policies of the government.
State bank of india (SBI) is one such bank in india that provides investors with the best option for fixed deposits. Its term plan is the preferred plan of investors. sbi offers fixed deposits for 10 years with a tenure of at least 7 days. sbi is a very popular and trusted bank among indian investors. Hence, it is the first choice for fixed deposits among customers and investors.
Which fixed deposit plan is better between Post office and SBI?
Post office Fixed Deposit Interest Rate
The rates of post office fixed deposits are usually revised every quarter, but from april 1, 2020, there was no change in its interest rate. The interest rate for one year fixed deposit plan increases from 5.5 percent to 6.7 percent.
India Post FD rate - 5.5 percent for 1year and 2 years
India Post FD rate for 3 years - 5.5 percent
India Post FD rate for 5 years - 6.7 percent
SBI Fixed Deposit Rates
The fixed deposit plan of sbi is more flexible as compared to the post office. You have to make a fixed deposit in the post office for at least one year, whereas sbi gives at least 7 days to 10 years. In this sense, it is very popular among customers and investors.
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