Small investment and returns of lakhs, know which scheme is better in Post Office and SBI

New Delhi. Post Office : Today we are going to tell you about two such schemes of SBI and Post Office, from where you can get better returns. Let us know its complete information. Whenever it comes to investment, we all think that we should invest money in such a place which is safe and […]
 


Small investment and returns of lakhs, know which scheme is better in Post Office and SBI

New Delhi. Post Office : Today we are going to tell you about two such schemes of SBI and Post Office, from where you can get better returns. Let us know its complete information. Whenever it comes to investment, we all think that we should invest money in such a place which is safe and gives better returns. In such a situation, two names often roam in the mind, SBI and Post Office Scheme. SBI has been mentioned because being the largest public sector bank of the country, most people trust SBI. SBI runs a variety of FD schemes, in which good returns are given.

SBI Annual Deposit Scheme

SBI Annuity Deposit Scheme is a monthly income scheme, in which customers can make a lump sum payment. At the end of the year, both the interest and the principal amount get a good amount. The maturity period of the deposit can be 36, 60, 84 or 120 months. Anyone can buy this deposit scheme. Minors are also eligible. They can open an account in SBI Annuity Deposit Scheme individually or jointly, according to the rate fixed on June 14, 2022, the bank is currently promising an interest of 5.45 percent to 5.50 percent. For senior citizens, it ranges from 5.95 to 6.30 percent.

Post Office Monthly Income Scheme

Post Office Monthly Income Scheme is also a good option. One MIS account can be opened alone or by a maximum of three persons. The minimum deposit amount required to open the account should be Rs 1000 or in multiples of Rs 1,000. The maximum investment limit is Rs 4.5 lakh for a single amount and Rs 9 lakh for a joint account. The taxable annual interest rate of India Post MIS or Post Office MIS scheme is 6.6 per cent. The customer will get interest every month from the day of account opening till the maturity period of 5 years.

 

 

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