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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The post SBI FD Vs Post Office FD: Where is the higher profit on 5 year FD? Key Details Here first appeared on Rightsofemployees.com.