New Delhi, Nov. 11 -- Traditional and risk-averse investors often look for avenues to safely invest the surplus salary after meeting their expenses. Apart from bank fixed deposits, provident fund and savings accounts, such people can invest in small savings schemes offered by the government through post offices.

One such option is the post office time deposit (TD), commonly known as a post office fixed deposit. Just like bank FD, the scheme requires a one-time deposit for a set period, with the principal and accumulated interest paid at maturity.

The scheme offers four tenures of one, two, three and five years, allowing depositors to choose a period based on their financial needs. It can be a suitable option for those seeking assured re...