SBI vs Post Office FD Calculator: For safe investments and guaranteed returns, people invest in Fixed Deposits (FDs). Common investors choose FD schemes from banks and post offices. Do you know which option is better—Post Office or SBI FD? State Bank of India offers interest rates ranging from 3.50% to 7.25% on FDs. On the other hand, Post Office Time Deposits offer interest rates between 6.9% and 7.5%.
Return on 5-Year FD: SBI vs. Post Office
If investors want to invest in a 5-year FD, the State Bank of India offers a 6.5% return, while the Post Office offers a 7.5% return for the same period.
SBI 5-Year FD Returns
- Amount Invested: Rs 3,50,000
- Interest Rate: 6.5% per annum
- Estimated Return: Rs 1,33,147
- Total Value at Maturity: Rs 4,83,147
Let’s take the example of SBI’s 1-year FD. It offers an interest rate of 6.8% per annum.
But if you can wait for nearly 3 more months, you can get 7.25% p.a. (for a 444-day FD).
Not just SBI, many banks offer special FD rates. pic.twitter.com/Lqy9eWSvH6
— ET Money (@ETMONEY) January 19, 2025
Post Office 5-Year Time Deposit Returns
- Amount Invested: Rs 3,50,000
- Interest Rate: 7.5% per annum
- Estimated Return: Rs 1,57,482
- Total Value at Maturity: Rs 5,07,482
Here are the 5-Year Returns of EPF, ASB, ASM, AHB, and TH.
EPF is still the winner, but ASB and AHB are not far behind.
In fact, with ASB’s record payout of 5.75% in 2024, its 5-yr average is now only 0.07% lesser than EPF’s Shariah returns. https://t.co/1opZZD59lp pic.twitter.com/zO8su4MQiZ
— The Futurizts (@TheFuturizts) December 24, 2024
Post Office FD Offers Higher Returns
Investing Rs 3.5 lakh in SBI for 5 years will provide an interest of Rs 1,33,147 at 6.5%, bringing the total maturity value to Rs 4,83,147. However, investing the same amount in a Post Office Time Deposit at 7.5% will yield Rs 1,57,482 in interest, resulting in a total maturity value of Rs 5,07,482. Therefore, Post Office FD offers a higher return than SBI.