Savings account rate@3.5%....where to park money for short term

[santhozp]

Rohit,

There is another thread which deals with the same topic. I found it quite useful. You can refer below.

Managing Cash Position

I am seeking your inputs on how to manage cash positions. I am hoping to find a better way of managing cash than through FDs. I was managing cash through debt schemes of NPS Tier 2. But, the recent correction in bond markets suggest this is not exactly a risk-free instrument. My expectations from an ideal cash management instrument are: Better post tax returns than FDs Less liquid than FDs. With proliferation of internet banking FDs can be liquidated within mins. Any instrument that provid…