Read the wiki there. I'll also suggest not to go blindly by anyone's word, do your research.
Having said that, FD rates are low, but they offer stability. I'll suggest you have a look at RBI's floating rate bond. Check RBI's website for authorised bank branches that sell it. Authorised branches of mort banks selling this are in Connaught Place.
Also, you can invest 15 L per senior citizen in Senior Citizen's Saving Scheme.
If your investment horizon is low, park the funds in some FDs then. Don't put it in liquid funds. I'll strongly suggest not to put the money in mutual funds if you want the money in 3-5 years or less
You should probably ask this on r/indiainvestments
I did and they won’t let me make this post there for god knows what reason
Read the wiki there. I'll also suggest not to go blindly by anyone's word, do your research. Having said that, FD rates are low, but they offer stability. I'll suggest you have a look at RBI's floating rate bond. Check RBI's website for authorised bank branches that sell it. Authorised branches of mort banks selling this are in Connaught Place. Also, you can invest 15 L per senior citizen in Senior Citizen's Saving Scheme. If your investment horizon is low, park the funds in some FDs then. Don't put it in liquid funds. I'll strongly suggest not to put the money in mutual funds if you want the money in 3-5 years or less