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Best way to Park Rs 1L

So My mom had accumulated about Rs 120000 in cash saving for last 3 years
She wanted to Park this funds in a savings account
I wanted to know what will be the best way to invest this safely so she can earn while doing so? She doesn't care as long as the money is safe Or What is the best saving account which maybe provide good benefits like Rupay select debit card and all like that
Also I don't know anything SIP/stocks
I gues, you can 50% in Arbitrage fund, which is taxed at 12.5% LTCG; and the other half can be either stored in FD or Money Market Fund. Returns in both of them i around 7% with difference in taxation if held for more than a year Arbitrage Fund is taxed at 12.5% where as Money Market Fund is taxed at the salary slab.
Also, the first question should be does she come under taxable bracket? If not, then probably you can do FD & Money Market Fund.
 
Since this is hard earned money accumulated over 3 years, safety should be paramount then only think about returns.
1. Avoid stocks
2. Avoid small banks - not worth the risk for that extra 1%. Even though it is covered by 5L insurance, but then you dont want to run around for that. That is the last option. Would make sense if this 1L was loose money for you.

Better select any large bank and put in FD. HDFC is giving 7.25% for 18 months period onwards.
Alternatively, you could put in a liquid fund and will get 5-6% but can access fund any time without any penalty.
 
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