I think FDs are best bet as medium term future of the market does not look good. Next year there are elections & if new Govt. comes, it will take time to settle down. Since capital protection is prime concern for you, please keep your money in FDs. However, TDS will be deducted on interest above Rs.5K. Hence, keep only Rs.50K in one bank. Make 8 FDs of Rs.50K each.
