PO MIS Matured : Will it be good idea to put this under FD?

[Medhu]

My father had invested Rs. 600000 under Post office - joint MIS with my Mother. Now it's matured. What would be best option to reinvest this amount, as FDs now a days have good interest rate. Will it be good idea to put this under FD where my father can yield better return than 8%. Or please suggest better options.

Thanks!

Medhu

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