ost Office Savings Scheme: Fixed Deposits have a different kind of relationships with the middle class and senior citizens in India. For the longest of times, fixed deposits have been the go-to option of investment for the Indian middle class.

For the average middle class citizen in India, investing in good schemes with fixed and good rates of interest remains among the topmost priorities. Despite being a low-return financial investment tool, FDs are preferred to other options because of their risk-free nature. They come with options of investing money for both short term and long term depending upon the customers’ needs and requirements.

Apart from banks, FD schemes are also provided by the Post Office which in some cases offer better interest rates than leading lenders. The rates are revised quarterly depending upon the market situation and government policies.

Post Office Saving Schemes are investment instruments that are higher-yielding when compared to fixed deposits. While fixed deposits are backed by the banks, the rate of interest and benefits in tax is not as high as Post Office Saving Schemes.