I am currently doing job in mumbai with monthly salary of 35k , I have been following jago investor blog and forum for quite sometime and read good posts. 

I am confused regarding my situation as I plan to go for further studies in next 1.5 years, and till then where should I put my money so that it can be easily available during visa process when needed.

I have just taken term insurance plan of 50 Lac, and rest all things are still to be done like medical insurace , tax planning etc.

Also I would want to put my money in such a way that In case my visa is not approved then it would give respectable return just in case visa is rejected. but I am optimistic of getting it. 

Kindly guide me

Thanks in advance