Fixed Deposit is one of the safest investment avenues offered by banks, Non-Banking Financial Companies (NBFCs) and post offices. Post Office Fixed Deposit, also known as Post Office Term Deposits, are investment avenues offered by the Indian Postal Services. As a preferred avenue for those looking for a safe investment avenue, these Post Office FDs are backed by the sovereign guarantee of the Government of India.
Post Office Fixed Deposit interest rates are decided by the Government of India (every quarter) under Small Saving Schemes. These rates are in turn determined as per the performance of government securities/bills. Post Office Fixed Deposit with a tenure of 5 years has an interest rate mark-up of 25 bps over the yield of comparable government securities.
Here’s a comparison of latest FD interest rates offered by post offices, with FD rates offered by Bajaj Finance Limited.
| Tenure (years) | Post Office FD Interest Rates | Bajaj Finance FD Interest Rates |
| 1 year | 5.5% | 6.35% |
| 2 year | 5.5% | 6.55% |
| 3 year | 5.5% | 6.85% |
| 5 year | 5.7% | 6.85% |
Bajaj Finance offers additional 0.10% higher FD interest rates on investing in an end-to-end online FD for non-senior citizens. This rate benefit is not applicable for senior citizens, as they can get 0.25% additional returns on their deposit.
While you can think of redirecting the interest earned from Post Office FD into various other post office schemes, you should also consider alternative options such as high-yielding company FDs offering a similar guarantee and zero to low risk.
Even though post office FD may offer a higher interest rate as compared to bank FD, it cannot match the interest rate offered by Company FDs. You can ensure maximum returns with company FDs which are guaranteed by well-financed and liquid companies like Bajaj Finance. Let us see how you can benefit even further with a Bajaj Finance FD.
Bajaj Finance is also accepting deposits from NRIs, and is rated high on safety and stability, which makes it one of the best investment avenues for those with lower risk appetite. To help you compare the features of Post Office Fixed Deposit and Bajaj Finance Fixed Deposit, here’s a table detailing the differences between the two:
| FEATURE | POST OFFICE FD | BAJAJ FINANCE FD |
| High-Interest Rate | No | Yes |
| Quarterly Interest Rate Revision | Yes | No |
| Flexible Premature Withdrawal | No | Yes |
| Online Account Management | No | Yes |
| Multi-deposit Facility | No | Yes |
| Auto-Renewal Facility | Only at CBS-enabled branches | Yes |
| NRI FD | No | Yes |
With 2.35 lakh customers and a total deposit book size of more than 20,000+ crores, you can trust Bajaj Finance FD to give you maximum returns with the lowest risk.
Fixed Deposit for Senior Citizen
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