Whenever it comes to investing money, most people think of investing money in FD. Fixed Deposit i.e. FD is the best option for investment. In this, the investor gets guaranteed returns. Also, there is no risk of losing money. To invest in FD, most people prefer to invest in a government bank. Apart from government banks, investing in post office FD is also a best option.
If you want to invest your money in FD, then you must first know where you can earn more profit by investing. Today we will tell you where you can earn more profit by investing money, SBI or post office.
There will be this much profit on investing in SBI FD
The country’s largest public sector bank SBI is offering its customers interest rates ranging from 3.5% to 6.5% on FDs of different tenures. If you invest Rs 2 lakh in a 5-year FD in SBI, you will get Rs 2,76,084 on maturity. In a 5-year tenure, you will get interest at the rate of 6.5% in SBI.
There will be so much profit in post office FD
You can invest your money in time deposit i.e. TD in the post office. You can start the initial investment with just Rs 1000. If you invest Rs 2 lakh in the post office TD for 5 years, you will get Rs 2,89,990 on maturity. Here you will get interest at the rate of 7.5 percent.
