Post Office TD vs Small Finance Bank FD Scheme: In the last few months, the Reserve Bank’s repo rate (RBI Repo Rate) has been increased continuously. Its effect is most visible on the Fixed Deposit Scheme of banks. Many banks have continuously increased their FD interest rates. The names of many small finance banks are also included in this. These banks are offering higher interest rate than not only big banks but also post office time deposit scheme. In such a situation, if you want to invest in any one of the FD scheme of Post Office and Small Finance Bank, then we are giving you information about the interest rate and safety etc. details of all-
How much interest is available on post office time deposit scheme
Post office has always been a safe investment option because the government gives its guarantee on the money invested in it. If you also want to invest in Post Office FD scheme i.e. Post Office Time Deposit Scheme, then both general customers and senior citizens are getting an interest rate of 7.00 percent for a period of 5 years.
How much interest is being received?
Unity Small Savings Bank
Unity Small Finance Bank Bank is offering 9.00 percent interest rate on FD of 1001 days to its ordinary citizens. At the same time, senior citizens are getting 9.50 percent interest from the bank, which is much more than the 7 percent rate of the post office.
Jana Small Finance Bank
Jana Small Finance Bank (Jana Small Finance Bank) is getting 8.10 percent interest rate on fixed deposit scheme for its ordinary citizens for 2 to 3 years. At the same time, senior citizens are getting 8.80 percent interest rate on FDs of 2 to 3 years.
Suryoday Small Finance Bank
Suryoday Small Finance Bank is offering 8.51 percent interest rate to its general citizens and 8.76 percent interest rate to senior citizens on FD of 999 days.
Ujjivan Small Finance Bank
Ujjivan Small Finance Bank is offering 8.00 percent interest rate to its general citizens and 8.75 percent interest rate to senior citizens on 560 days FD to its general citizens.
post office td vs small finance bank FD scheme which is better
If you are looking only in terms of interest rate then it is more beneficial for you to invest in Small Finance Bank. But in Small Finance Bank you get the benefit of insurance only on an amount up to Rs 5 lakh. In such a situation, if you want to invest a large amount in FD, then the TD scheme of the post office is better for you.
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