One of the local cooperative bank is offering 9.5% interest on FD for the 15 months period
are these returns better than a short-term fund for same period?
should i keep my money in FD or to invest in ultra term short fund?
Why they are offering a higher rate than the nationalized banks? Whether you analyzed that? Whenever there is a higher risk, they may offer you higher returns also. Hence, better to stay away.
Regarding FD Vs Debt Funds, if your goal is less than 3 years, then simply keep in FDs. Otherwise, use Liquid or Ultra Short Term Debt Funds.
thank you so much for your response sir