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SBI RD vs Post Office RD : Which investment in Post Office RD or SBI RD will give you more profit? understand math

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SBI RD vs Post Office RD : Which investment in Post Office RD or SBI RD will give you more profit? understand math

Post Office RD vs SBI RD: Here both post office RD and SBI RD have been compared. If you also want to invest, then let us know where you will get more profit.


The Post Office has recently increased its interest rates on Recurring Deposit (RD). It has been increased from 6.5 to 6.7. But in the post office you have to run RD for at least 5 years. Whereas if you start an RD scheme in the bank, then you can choose the tenure as per your convenience – 1,2,3, 4, 5 years. India’s largest public sector bank State Bank of India (SBI) is giving you better interest along with the facility of RD of different time periods. Let us tell you that every month you have to deposit a fixed amount in RD, which is returned along with interest at the time of maturity. In SBI, you can start monthly investment from Rs 100 just like in post office and there is no limit on maximum investment.

What are the interest rates in SBI?

  • The rate on deposits from 1 year to 2 years is 6.80%, while for senior citizens it is 7.30%.
  • The rate for deposits of 2 years to 3 years is 7.00% and for senior citizens this rate is 7.50%.
  • Interest on deposits of 3 years to 5 years will be 6.50%, while senior citizens will get 7.00% interest.
  • Interest on deposits of 5 years to 10 years will be 6.50% and senior citizens will get 7.50%.

Post Office Vs SBI RD

If we compare Post Office RD with SBI RD, then on making 5 years RD in Post Office, you will get interest at the rate of 6.7%, whereas in SBI, you will get 6.8% interest on 1 year RD only, which is more than Post Office. Is. If you get RD done for two to three years, you can take up to 7 percent interest on RD.

But if you want to start RD for 5 years, then post office is a better option for you at present. You will get interest at the post office at the rate of 6.7 percent. Whereas in SBI the interest rate on 5 year RD is 6.5 percent.

FD can be done for the amount of RD

While opening an RD account in SBI, you get two options. In this, you are given the choice that you can either take the entire amount after maturity or convert your amount into FD after maturity. The work gets done according to the option you choose. These are the options-

Issue IOI: If you choose this option then after maturity the amount is transferred to your account.

Issue STDR: On choosing this option, the entire amount of your RD is re-deposited as a fixed deposit in your name for the period chosen by you.

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