Think short term
“Investors should therefore go for short-term deposits of 12-15 months instead of locking in for the long term. More importantly, assess the fundamentals of the institution before you invest. If investing in a bank deposit, make sure the bank has a sound backing. Some banks, especially cooperative banks, offer very high interest but may not be able to repay your money. Similarly, check the credit rating of the NBFC before you take the plunge,” states a recent ET Wealth news report.