SBI vs Post Office ..

SBI vs Post Office .. Rs 2 lakh per hand !

Is it worth the money to make money in the post office? Or do you have more money to deposit money in SBI? Find out why you invest more in it.

Highlights :
Money in SBI can be FD

Time deposit services also in the post office.

But the difference in interest rate.

Planning to make money? Do you want to deposit the money in the wallet and acquire the returns? However you have many options available. Those who are unwilling to take risks can deposit money in banks or post offices. You can get returns without risk.

However, many schemes are available in banks and post offices. Interest rates are repaid on a scheme basis. The returns you receive will also vary. So think twice before investing. Now let’s talk about fixed deposits.

The country’s largest bank, State Bank of India (SBI), also offers fixed deposit (FD) schemes. Investing in FDs that have a duration of more than five years can also be tax deductible. Postoffice also offers time deposit schemes. These are also tax deductible.

When it comes to SBI Five Year FD Scheme and Post Office Five Year Time Deposit, the difference between the interest rate is 1.3%. SBI offers 5.4% interest rate. Postoffice offers 6.7% interest rate. There is also the option of extending Post Office Time Deposits after maturity. The same applies to FDs. Now let’s see how your money doubles.

With a 10-year time limit of Rs. That means you get an income of Rs 64,000 in interest. If you invest Rs. That means your money has doubled. About Rs 36,000 more than SBI.