Hello, can you tell me what would be most viable option if I opt for Fixed Deposit option for my parents who are senior citizen? I just do not want to fix it for so many years. I would like to go for 12months or 18months duration, then again re-invest it if needed. My father is asking about Govt. organization but i think all are more or less same in this regard.
At the same time, is there any other suitable option to use the amount for next 12months or 18 months? I am not at all after any mutual fund or related stuff. I need it to be as it is, no RISK play, but instead of keeping it idle in savings account want to fix it or looking for any other option.
Regards.