Everyone thinks that a fixed deposit is always safe.We will have a definite return at the appointed time.It is also exempt from income tax.However, many are skeptical of why FDs should be done.There are many schemes in banks and post offices for those who show interest in fixed deposits which is why it is high risk.
Compared to both SBI and Post Office, Post Office is better for FDs.Because .at the post office you get 6.90 per cent interest per annum.At SBI, however, only 6.4 per cent interest is paid.Anyone want to invest where their money doubles quickly.At such times people are confused as to whether it is better to invest money in the post office or to rely on bank FDs.Let’s find out now.
Kisan Vikas Patra should be considered as one of the highest interest bearing investments.Many are investing in it.Kisan Vikas Patra (KVP) offers 6.9% interest on investment.This is much higher than the interest you get with FD in the bank.The special thing is that you can start investing in KVP with Rs.1000.
The maximum investment can be made according to your budget.
Those over 18 years of age can invest in it.After two and a half years, the money can be withdrawn.SBI, the largest bank in the country, offers a maximum of 5.40% interest on fixed deposits.You can FD 7 days to 10 years in SBI.Maximum interest on KVP investment is 6.90%.The maximum interest rate on SBI FDs is 5.40%.
If you invest money in KVP, it will take almost 10 years 4 months for the money to double.If you invest money in SBI at the same time, it will take 13 years 4 months for the money to double.post office fd interest rate,post office fixed deposit scheme in telugu,fd post office,post office fix deposit scheme,post office fd scheme,post office fd rates 2021,fixed deposit in telugu,post office fd interest calculator,post office fd scheme in telugu,post office fd interest,post office best fixed deposit scheme in telugu,kisan vikas patra vs fixed deposit,kisan vikas patra post office scheme in telugu,current post office fd interest rate,kisan vikas patra
#KisanVikasPatra #SBI #PostOffice #FixedDeposits Pid:1870516
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