Which is the best option to earn higher interest - Term Deposit or Recurring Deposit or Mutual Fund?

I can save upto Rs.15000 a month from my salary. My question - Which is the best option to earn higher interest - Term Deposit or Recurring Deposit or Mutual Fund? If it's TD or RD, is it wise to put that in post office or bank(if so which bank?)or company deposits or MFs(which is the best fund to invest in at the moment?)

It all depends upon how much liquidity you want with your money and for how long you wanted to keep your money invested.
Safest would be Bank, MFs risk is highest.

I would go with Equity MFs with minimum investment (in SIP mode) for min 1-2 years.