SBI vs Post Office FD Calculator: For safe investment and guaranteed returns, people invest in Fixed Deposit. General investors invest in FD schemes of banks and post offices. Do you know which option is better for you to invest, Post Office or SBI FD?
State Bank of India offers interest ranging from 3.50 percent to 7.25 percent on FDs. While on post office time deposits, customers are offered interest ranging from 6.9 percent to 7.5 percent.
How much return will you get on a 5 year FD?
If investors want to invest in a 5 year FD, then State Bank of India will give 6.5 percent return. While the post office gives 7.5 percent return for this period.
Returns on 5-year FD in SBI
- Amount invested: ₹3,50,000
- Interest rate: 6.50% per annum
- Estimated return: ₹1,33,147
- Total value at maturity: ₹4,83,147
Return on 5-year term deposit in post office
- Amount invested: ₹3,50,000
- Interest rate: 7.50% per annum
- Estimated return: ₹1,57,482
- Total value at maturity: ₹5,07,482
Higher profit in Post Office than SBI
If you invest Rs 3.5 lakh in SBI for 5 years, you will get Rs 1,33,147 interest at the rate of 6.5 percent. Thus, you will get a total of Rs 4,83,147 at maturity. If you invest Rs 3.5 lakh in Post Office Time Deposit for 5 years, you will get an interest of Rs 1,57,482 at the rate of 7.5 percent. Thus, you will get a total of Rs 5,07,482 at maturity.
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