Post Office vs SBI FD: Which Offers Higher Interest & Faster Money Doubling?

Pravesh Maurya — Thu, 21 Aug 2025 04:02:19 +0000

New Delhi- Bank FD is a popular investment option in India. Because, with stable returns, the investment is completely safe. Generally, crores of people of the country prefer to make FD in government bank (Bank FD Interest Rate) or post office (Post Office Time Deposit).

Fixed deposit is called time deposit in post office. But, do you know how much interest is given in post office time deposit and SBI FD and where is the interest higher.

Since people across the country like to invest money in State Bank of India and Post Office schemes and FDs, it is important for you to know which of these two gives higher interest on FD and in how many years the money doubles.

What is the interest rate on SBI FD?

India’s largest public sector bank, State Bank of India, offers interest on FDs based on the deposit tenure. SBI offers interest in the range of 6.25% to 6.30% for FDs with tenures of 1 to 5 years.

– The interest rate on FDs with tenors of one year and less than 2 years is 6.25%.

– The interest rate on FDs with tenors of two years and less than three years is 6.45%.

– The interest rate on FDs with tenures of three years and less than 5 years is 6.30%.

Interest rates in Post Office Time Deposits

The interest rate in Post Office Time Deposits is higher than SBI.

– The interest rate on post office time deposit for one year is 6.9%.

– The interest rate on Post Office Time Deposit for 2 years is 7.0%.

– The interest rate on Post Office Time Deposit for 3 years is 7.1%.

– The interest rate on Post Office Time Deposit for 5 years is 7.5%.

Where money doubles quickly

If the interest on SBI FD and Post Office Time Deposit is calculated as per Rule 72, then money doubles quickly in Post Office Time Deposit. Because, Post Office gives 7.50% interest on a period of 5 years, so the money doubles in 9.5 years.

The post Post Office vs SBI FD: Which Offers Higher Interest & Faster Money Doubling? first appeared on Rightsofemployees.com.

Highest FD rate: These banks are giving the highest interest rate on FD, read this news before investing

Jyoti — Tue, 21 Jan 2025 04:59:37 +0000

Most people prefer Fixed Deposits (FD) for investing money. FDs are considered a relatively safe investment in banks. To attract customers, banks keep changing the interest rates on FDs from time to time.

Many banks are offering attractive interest rates on Fixed Deposits. The interest on FDs also depends on the tenure of the FD. Here we are telling you about some such banks which are offering attractive interest on FDs.

FD rates of small finance banks: Small finance banks are similar to other commercial banks, but their business activities are limited compared to them.

Northeast Small Finance Bank : 9.00% interest rate for a period of 546 days to 1111 days.
Unity Small Finance Bank : 9.00% interest rate for a period of 1001 days.
Suryoday Small Finance Bank : 8.60% interest rate for FDs of 2 to 3 years.
Jana Small Finance Bank: 8.25% interest rate for FDs of 1 to 3 years.
Utkarsh Small Finance Bank : 8.50% interest rate for 2 to 3 years.
Equitas Small Finance Bank: 8.25% interest rate for 888 days.

FD rates of public sector banks

Public sector i.e. government banks offer relatively low interest rates. But they are generally preferred as they are considered reliable and stable.

Central Bank of India : Interest rate 7.50% for FD of 1111 or 3333 days.
Bank of Maharashtra: Interest rate 7.45% for 366 days.
Canara Bank: Interest rate 7.40% for tenure of 3 to 5 years.
Indian Bank: Interest rate 7.30% for tenure of 400 days.
Union Bank of India : Interest rate 7.30% for 456 days.

FD Rates of Private Sector Banks
Private sector banks offer relatively lower interest rates on FDs compared to small finance banks. But these banks are more trusted.
Bandhan Bank : 8.05% interest rate for a period of 1 year.
DCB Bank: 8.05% interest rate for 19 months to 20 months.
RBL Bank: 8.00% interest rate for 500 days.
Indusind Bank : 7.99% interest rate for a period of 1 year 5 months to less than 1 year 6 months.
IDFC First Bank: 7.90% interest rate for 400 to 500 days.
HDFC Bank: 7.40% interest rate for 4 years 7 months (55 months).
ICICI Bank: 7.25% interest rate for 15 months to 2 years.

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