FDs provide 6–7% annual interest rates, and T-bills currently offer 6.9% for 364-day tenors. i know T-bills are government-backed, so are they a better choice for temporary investments than FDs?
The Indian government backs T-bills, making them a safe investment for short-term parking. Currently, T-bills offer 6.9% returns, and FD offers 6–7% only. While FD interest is fully taxable, T-bills offer discounted returns.
