When you’re planning to grow your money safely, two options often come up—Fixed Deposits (FDs) and Post Office Saving Schemes. Both are low-risk, reliable instruments trusted by generations of Indian savers.
But how do they compare? And more importantly, which one fits your financial goals better? Let’s make the decision easier by understanding their benefits, features, and key differences.
What is a Fixed Deposit?
A Fixed Deposit (FD) is a time-tested investment tool offered by banks and NBFCs. You deposit a lump sum for a fixed tenure and earn interest at a predetermined rate. It’s ideal for anyone looking for guaranteed returns without market risk.
Why choose an FD?
- Guaranteed returns unaffected by market volatility
- Flexible tenures ranging from 7 days to 10 years
- Cumulative or periodic interest payout options
- Online account opening and management
- Partial or premature withdrawal facility (with conditions)
Looking for a secure and effortless way to grow your wealth? Open a Bajaj Finance FD and earn up to 7.30% p.a. with tenures as per your convenience. Open FD Account.
