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

[Abbas]

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?)

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