Risk-averse investors prefer fixed deposits (FDs) of banks due to the safety and assurance of returns. FDs offer flexible tenures and liquidity to your portfolio, allowing you to withdraw when needed.
Despite falling interest rates, you should invest certain percentage of your portfolio in FDs offering higher returns on one-year FDs from the table given. The smaller private banks tend to top the rate chart on fixed deposits, given the competition they face in garnering deposits. However, you should do a thorough risk assessment and due diligence of the bank before investing in FDs.
Smaller private banks are offering higher rates