SBI Vs Post Office It is a bit difficult for salaried class people to save big money and invest at the same time. They mainly used to withdraw some money from their salary every month and invest it. Their monthly expenses are also almost fixed. Today we are telling you about Recurring Deposit Scheme, which is a great option to save money and invest every month. You can invest in RD by saving some money every month. You can raise a lot of funds in a short time.
SBI Recurring Deposit
SBI is offering RD for a tenure of one year to 10 years. SBI is giving 6.5% to 7% interest on recurring deposits to the general public and 7% to 7.5% to senior citizens.
rd rates of sbi
* 1 year to less than 2 years 6.80% (General) 7.30% (Senior Citizens) * 2 years to less than 3 years 7% (General) 7.50% (Senior Citizens) * 3 years to less than 5 years 6.50 (General) 7.00 (Senior Citizen) * 5 years to 10 years 6.50 (General) 7.50 (Senior Citizen)
Post Office RD
Post Office RD comes with a maturity period of 5 years. Post Office RD Scheme does not provide additional interest benefits to senior citizens. The 5 year RD interest rate of Post Office RD is 6.7%.
Disclaimer : Investing in mutual funds and stock market is based on risk. Before investing in the stock market, definitely consult your financial advisor. tezzbuzz.com will not be responsible for any financial loss.
News Title : SBI Vs Post Office 13 October 2024.
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