think short term

“Therefore investors should go for short term deposits of 12-15 months instead of locking in for longer duration. More importantly, assess the fundamentals of the institution before investing. If in bank deposits If you are investing, make sure the bank has a sound backing. Some banks, especially co-operative banks, offer very high interest, but may not be able to repay your money. Similarly, before taking the plunge Check the credit rating of NBFCs,” said a recent ET Wealth News report.