Which RD plan is receiving greater attention, Post Office or SBI?

 Which RD plan is receiving greater attention, Post Office or SBI?

Post Office RD vs. SBI RD: We are going to inform you about the interest rates of both Post Office and State Bank's RD schemes if you are considering making an investment.

SBI RD vs. Post office RD: The Post Office is always introducing new kinds of modest savings programs. You may invest in the Post Office's Reinvestment Department (RD) plan if you wish to obtain large sums of money while contributing a little amount each month.

High interest rates on the RD plan are also being offered by State Bank. We are providing information on the interest rates offered on both the Post Office and SBI schemes in case you are considering making an investment.

Customers are provided an interest rate of 6.70 percent under the Post Office RD Scheme. You may invest as little as Rs 100 and as much as Rs 10 each month in this plan.

You have a total of five years to invest under the Post Office RD Scheme. This account may be opened as a joint or single account.

For a duration of one to two years, the bank is providing senior people and ordinary citizens an interest rate of 7.30 percent and 6.80 percent, respectively, under the SBI RD plan. On the other hand, under the RD plan, ordinary customers get a 7 percent interest rate for two to three years, while senior people receive a 7.50 percent interest rate. For a period of three to five years, senior citizens receive a 6.50 percent interest rate.

On the other hand, SBI regular customers and senior people get 6.50 percent and 7.50 percent, respectively, on an RD program that lasts for five to ten years. In the postal service, average individuals are receiving larger returns while discussing the five-year RD program. In contrast, older persons who participate in SBI's RD plan benefit from greater interest rates.