Is a Post Office Fixed Deposit Good for your Future?

Is a Post Office Fixed Deposit Good for your Future?

A fixed deposit (FD) is a financial instrument provided by banks or NBFCs which offers investors a higher rate of interest than a regular savings account, until the maturity date. The interest rate is fix for the entire tenure of the deposit, regardless of changes in the market rate. Post office FDs are one of the safest investment options with guaranteed returns. They are backe by the government and offer a higher interest rate than bank FDs. However, post office FDs have a few drawbacks. They have lower liquidity as…

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