After FD/RD there is one more way to park some liquid money but that comes with some kind of risk because these NCD ( Non-Convertable Debenture)  are from private companies not from Government. Overall people wait for Tax-free government bonds but these days there is no Tax-free bonds so one can park some of their money in these NCD’s. These NCD comes with some lock-in period, but this depends on one person’s holding capacity, below you…