Is ₹60 lakhs in FD a beneficial idea?

[Yug]

Considering the inflation rate and significantly higher tax liability, is investing a huge amount in fixed deposits a beneficial move?

[Siddarth]

Investing a huge amount of money in FDs is not a good move from an investment point of view, as it offers safety and guaranteed returns but fails to beat inflation (currently around 4–5%) and may increase your tax liability.

To beat the inflation, it's better to diversify your investment into mutual funds (tax efficient, best for long-term wealth), sovereign gold bonds (SGBs), real estate, or government bonds.