Post Office Fixed Deposits Benefits!

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Take a look at how banks and post office FDs differ and what you should consider before investing your money

Interest rates

Post offices offer interest between 6.8 and 7.5 percent on different term deposits. On the other hand, bank FDs have no uniform interest rate.


Post office schemes are linked to the central government and are less volatile. In the case of bank FDs, the main insurer is the bank.

Tax benefits

Both banks and post office fixed deposits offer tax benefits of up to Rs 1.5 lakh.


Bank term deposits can last from 7 days to 10 years. Post office FDs can be up to 5 years only.