Sbi vs post office scheme: Most of the banks have reduced interest rates on FD after a total reduction in the repo rate of the Reserve Bank. Now the situation is such that more interest is getting in the small saving scheme than the country’s big government bank State Bank of India. Government and Public Sector Banks are also offering 7.1 percent interest on FD to senior citizens. In such a situation, the small saving scheme of the post office can be the best option for investment. Public Provident Fund (PPF), National Savings Certificate (NSC), Senior Citizen Savings Scheme (SCSS) are getting more interest than bank FD.
If you are thinking of investing in fixed deposits (FD), then Small Savings Schemes of Post Office can be a better option for you. The government announced a small savings interest on 30 June 2025. This time the government has not made any change in the July interest rate. That is, neither interest has been reduced nor increased.
What are the interest rates changed?
RBI has cut the repo rate by 100 basis points i.e. 1% since February 2025. After this, many banks have reduced interest rates on FD. But the government has not made any changes in the interest rates of post office schemes for the quarter of July to September 2025.
Who is giving better interest in the bank FD vs post office schemes?
Both common citizens and senior citizens are getting 7.5% interest in the Post Office Time Deposit (POTD) scheme.
The interest rate in the National Savings Certificate (NSC) is also 7.7%. This interest rate is the same for both common citizens and senior citizens.
Senior Citizen Savings Scheme (SCSS) is especially for senior citizens and they get the highest 8.2% interest in it.
Now if we compare banks with FD, then interest rates are slightly low. For example State bank of india (SBI) FD of 5 -year FD is getting 6.3% interest to ordinary citizens and senior citizens are getting 6.8% interest.
HDFC Bank On five years of FD, common people will get interest at the rate of 6.4 percent and senior citizens at 6.9 percent.
ICICI Bank Giving a little better interest rate. Banks are getting interest of common people 6.6% and senior citizens 7.1%.
Punjab national bank (PNB) FD is paying 6.5% to ordinary citizens and 7% to senior citizens.
What are these better
Post office plans, especially NSC and SCSS, are currently giving more attractive interest than FD. The best thing is that these schemes come with government guarantee. That is, money cannot drown in it. Post office schemes are guaranteed by the Government of India.
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