Yes, I doubt that! Not for the sheer interest percentage or any other financial detail but for something entirely different.
Have you stood in a line at a post office to perform any activity more serious than just buying stamps or envelops? If so, you would understand where am coming from. It’s chaotic, less informed or shall I say a few employees who have been there for 100 years and feel it’s their right to shout at customers or take them from granted, feels they no lesser than god themselves!
Everything is manual! For a small work they will make a lot of manual entries in various notebooks/ registers. For example to get the money back of a NSC we did, my wife had to go to the post office at least 5 times! And mind you, they do not entertain customers before or after 9:30 am to 1pm and on Saturdays only upto 11:30am! Yes, in other words they are closed for client interaction at the time when you can actually visit a Post Office!
And if your post office is not exactly in the central part of the city, then you are doomed. A Post Office on Banerghatta Road (IIM Campus) is a perfect example, if more than 10 people get in, you may not be able to breathe! You can take your chances to visit and buy the best savings investment, interest wise. But I will not, for sheer inconvenience, slight rude behavior of the person on the other side and this strange feeling – I am a customer/ prospect and am treated like an Alien?
I would rather invest online in MF’s, PPF with SBI, FD’s, Gold Bonds etc.