Need investment suggestion

Is this a slab wise rate or absolute rate?

Check liquid/ultra short term/short term mutual funds

MF is the best option.... Saving account is just a rebranding of current account

best would be Small Finance Banks where we have 12 SFBs regulated by RBI and all are insured by DICGC up to 5L 

https://www.dicgc.org.in/inde...ml

https://www.dicgc.org.in/pdf/2021/InsuredBanks/...

Kotak.activ money

go for indusdind fd 7.85% for 1.5 years....

If you have kotak 811 account, You can activate activmoney(sweep deposit) like @sauron1813 said. When your savings balance goes above 25k, the rest is swept into an fd and earns 7% p.a.

Or you can just make a fd for 6 months @ 7% p.a. you can break it without any penalties.


If you go with the dbs route, you will only earn 7% p.a. on 1 lakh.

If you hadn't looked into AU bank savings rate, that might interest you.

If it were me, I'll split the money into four and make fd's for tenure of 6 months in kotak. That way If needed, I can break fd's for only the amount I need without any charges and earn @ 7% p.a. all the while.

U can invest in digiportfolio mutual fund.

Liquid fund better with 7% rate and no penalty on redemption

i think it is slab wise so you will get around 4-5% in savings. better go for Bandhan/au where saving interest is higher.

make multiple small fd on paytm break them whenever needed

indusind 7.85 for 1.5 years

Paytm FD upto 7.5% interest.

1. Can withdraw anytime without any penalty.

2. Can withdraw either partial or full amount.

3. Can directly pay via UPI from FD balance.

Does Paytm allows to withdraw FD anytime? Will I get interest if I withdraw it mid way.

As I mentioned earlier, I want to invest somewhere where I can withdraw it within one week.

Why go with liquid funds when other category fund are with low risk than liquid and better returns than liquid

Example: arbitrage funds

These funds have low risk while some liquid funds have low to moderate risk