Post Office RD vs Bank FD: Which Offers Better Returns on 10 Lakh Investment?
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News18•20-01-2026, 17:03
Post Office RD vs Bank FD: Which Offers Better Returns on 10 Lakh Investment?
- •Both Post Office RD and Bank FD are popular safe investment options for future expenses.
- •Bank FDs involve a lump sum deposit for a fixed period (7 days to 10 years) with a fixed interest rate, like SBI's 6.8% for one year.
- •Post Office RDs require monthly fixed deposits, typically for 5 years, with an annual interest rate of 6.70% compounded quarterly.
- •RDs are suitable for long-term savings, starting with just 100 rupees, and can be extended beyond the initial 5-year lock-in.
- •Premature withdrawal from Post Office RD is possible after three years, with applicable charges.
Why It Matters: Compare Post Office RD and Bank FD to determine which yields higher returns for a 10 lakh investment.
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