Your fixed deposit with a bank is guaranteed to only Rs 5 lakh per bank, in deposits held across all its branches put together. However corporate FDs with a good credit rating are just as safe but come without the deposit insurance cover and perceived government-backing.
Bank fixed deposits (FDs) are losing popularity as a long-term investment option due to lower returns and limited flexibility. Debt Mutual Funds (DMFs) offer higher returns, making them a better choice for investors