In the current context, investing in fixed deposits might be advantageous because interest rates have been rising since the RBI announced a raise in the repo rate. Investing in fixed deposits not only guarantees you a stable interest rate, but also helps you to plan ahead for your future goals because term deposits have a flexible maturity period ranging from 7 days to 10 years. Fixed deposit interest rates are not market-based, so debt investors can earn a safe return on their investment. Furthermore, deposits in a fixed deposit account are insured by the DICGC up to ₹5 lakhs, making fixed deposits a better deal for investors with a low-risk appetite. Here is the comparison in interest rates of SBI and Post Office Time Deposit, which can help you to plan better to pick one.