• About Us
  • Add Post
  • Contact
  • Contribute For Us
  • Homepage
  • Our Authors
  • Privacy Policy
What's Hot

Welsh Rugby in ‘denial’ over extent of sexism and misogyny, committee informed

February 2, 2023

US ambassador to OSCE calls on Iran to convict these answerable for assault on Azerbaijani Embassy (PHOTO)

February 2, 2023

WRU bosses admit being in ‘denial’ over sexism and misogyny within the organisation

February 2, 2023
What's Hot

Welsh Rugby in ‘denial’ over extent of sexism and misogyny, committee informed

February 2, 2023

US ambassador to OSCE calls on Iran to convict these answerable for assault on Azerbaijani Embassy (PHOTO)

February 2, 2023

WRU bosses admit being in ‘denial’ over sexism and misogyny within the organisation

February 2, 2023
Facebook Twitter Instagram
  • About Us
  • Contact
  • Add Post
  • Contribute For Us
  • Privacy Policy
  • Our Authors
Facebook Twitter LinkedIn
BusinessLendBusinessLend
  • NEWS
  • BUSINESS
  • AUTO
  • TECH
  • MONEY
  • STARTUP
  • SUCCESS STORIES
  • OTHER
    • Press Release
    • OPINION
Subscribe
BusinessLendBusinessLend
Home»NEWS»SBI or post office know who is paying more interest on FD, how much will benefit
NEWS

SBI or post office know who is paying more interest on FD, how much will benefit

Bhagyashree SoniBy Bhagyashree SoniApril 2, 2021No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
SBI or post office know who is paying more interest on FD, how much will benefit
Share
Facebook Twitter LinkedIn Pinterest Email

SBI fixed deposits vs Post Office deposits: All the top banks including State Bank of India (SBI), the country’s largest government bank, are offering short-term and long-term deposits.

Know where you are getting more interest

Fixed deposit (FD) is considered to be the preferred investment option for those looking for a safe and assured return on their investment. All the top banks, including the country’s largest public sector bank, State Bank of India (SBI), are offering short-term and long-term deposits. Depending on your need, you can choose a tenure. Apart from banks, you can also start a fixed deposit with the Post Office. The rates of Post Office Time Deposits change every quarter.

FD interest rates of the post office from 1 April 2021

The Government of India withdrew the decision to reduce the interest rates of Small Savings Schemes. Now on the small saving scheme till the last quarter of the financial year 2020 – 21, the same interest rate will continue to be available. On Thursday, Finance Minister Nirmala Sitharaman gave this information.

Post office term deposit schemes are similar to bank FDs. The post office offers term deposits for a period ranging from 1 year to 5 years. Interest on post office deposits was revised on 1 April 2021. It offers an interest rate of 5.5 per cent for deposits of 1 year for 3 years. The post office offers 6.7 percent interest on the deposit account of 5 years time.

On 1 year deposit – 5.50 percent
On 2-year deposit – 5.50 percent
On 3-year deposit – 5.50%
On 5-year deposit – 6.70 percent

Check SBI’s latest FDs rates

Interest rate of 2.9 per cent will be given on fixed deposits of SBI from 7 days to 45 days FD. 3.9 per cent on FDs of 46 days to 179 days, on FDs of less than 1 year from 180 days will get interest at the rate of 4.4 per cent. FDs less than 1 year to 2 years will get 10 bps more interest. These deposits will get 5 percent interest instead of 4.9 percent.

Interest will be given at 5.1 per cent on FDs between 2 and 3 years, 5.3 per cent on FDs of 3 to 5 years and 5.4 per cent on FDs of 5 years and 10 years. These rates are applicable from 8 January 2021.

Senior citizens will get more interest

SBI offers 50 BPS interest rate to senior citizens for all tenures. After the recent amendment, senior citizens will get 3.4% to 6.2% interest on FDs maturing from 7 days to 10 years.

read this also- Big news for the customers of these two state-owned banks, these codes have been closed since April 1, the user IDs have also changed.

read this also- The blue colored Baal Aadhaar becomes useless after so many years, the whole process of making life

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Bhagyashree Soni
  • Facebook

Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social-cause and entreprenurship is her forte.

Related Posts

US ambassador to OSCE calls on Iran to convict these answerable for assault on Azerbaijani Embassy (PHOTO)

February 2, 2023

Azerbaijan, United Kingdom focus on improvement of Southern Gas Corridor (PHOTO)

February 2, 2023
Add A Comment

Comments are closed.

Advertisement
Editors Picks

Kuo: Apple’s AR/MR headset would be the largest factor for the reason that iPhone

August 8, 2022

Defiance and resilience within the rabbit warren of Kyiv’s presidential palace

September 14, 2022

Edutech Start-up 'First In Class' Launches Free Education Platform for One Lakh Martyrs Families

April 30, 2022

How To Start Mineral Water Plant?

May 22, 2020
Advertisement
Latest Posts

Welsh Rugby in ‘denial’ over extent of sexism and misogyny, committee informed

February 2, 2023

US ambassador to OSCE calls on Iran to convict these answerable for assault on Azerbaijani Embassy (PHOTO)

February 2, 2023

WRU bosses admit being in ‘denial’ over sexism and misogyny within the organisation

February 2, 2023

Business Lend is a platform which brings executives officers, entrepreneurs, and venture capitalist together from different sectors. We keep on connecting with our users with the help of our monthly edition carving our way slowly towards the highest readership.

Facebook Twitter Instagram LinkedIn
Must Read
  • Welsh Rugby in ‘denial’ over extent of sexism and misogyny, committee informed February 2, 2023
  • US ambassador to OSCE calls on Iran to convict these answerable for assault on Azerbaijani Embassy (PHOTO) February 2, 2023
  • WRU bosses admit being in ‘denial’ over sexism and misogyny within the organisation February 2, 2023

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

© 2023 BusinessLend. Designed by ThemeSphere.
  • About Us
  • Contact
  • Add Post
  • Contribute For Us
  • Privacy Policy
  • Our Authors

Type above and press Enter to search. Press Esc to cancel.