Recurring Deposits!

If you are uncomfortable with the volatility in market-linked investments, then you can consider Recurring Deposits (RDs). It is a reasonable alternative if you are looking to invest for a goal which is 18 months away. The interest offered is comparable to the current one-year short-term debt fund return of 6.5-7.5 percent, and at the same time you have capital safety. You can open an RD’s account either in a bank or post office.