All,

  I appreciate the help you folks are providing to the novice like me. Here goes my another query.

  With the interest rates peeked (almost) out what is the best place to park your money. 

I mean, I am looking for something which can provide near to same interest rate like FD, flexibility of a liquid fund and tax efficient.

 Note:

    I heard that FMP would be good. Can you please throw some light on this.

    I am fine with lower returns but want capital protection.