Those who have FD in Post Office and SBI are having fun, getting exorbitant interest, know

New Delhi: Now there are many ways to earn money across the country which are creating a stir among the people. You too can fulfill your dream of becoming rich through these clever methods. There are many people who want to earn money only by depositing money. If you are engaged in employment and are planning to earn money by investing, then please do not delay at all.

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Post Office and SBI, which are counted among the big institutions of the country, are giving bumper interest to the people. You can collect huge interest by investing in Post Office and SBI. We are going to tell you how much interest is being given by Post Office and SBI on some schemes, which you need to know. Interest is received from annual interest, the rates of which keep going up and down from time to time.

Post office is paying so much interest

The big scheme of the Central Government is winning the hearts of the people. You have to run RD for 5 years. Along with this, if you are working on starting an RD scheme in a bank, then you can choose the time period as per your convenience – 1,2,3, 4, 5 years. Along with this, work is being done to provide better interest rates to the investors along with RD facilities of different tenures in SBI.

Investment in RD scheme has to be made every month. At the time of maturity on the deposit, the entire amount including interest is returned. In SBI also, you can invest just Rs 100 per month just like in the post office. No investment limit has been set here.

Know the interest rates in SBI

In SBI, if you deposit for 1 to 2 years, you are getting 6.80% interest. Along with this, senior citizens are getting 7.30 percent interest.

Apart from this, 7.00% interest is available on deposits of 2 to 3 years and for senior citizens, this rate is 7.50%.

Interest is being paid at the rate of 6.50% on deposits of 3 to 5 years. The amount is being provided to senior citizens in the form of 7.00 percent interest.

For information, let us tell you that if you get RD done for 5 years in the post office, you will be given interest amount at the rate of 6.7 percent. If you get an RD done for two to three years, you will easily get 7 percent interest on RD.

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