Decent interest rate

RBL Bank Deposit is offering an interest rate of as much as 8.5 per cent for 1 year, which should be the best among a host of private sector banks.

The bank is in fact, planning to launch an IPO and the fundamentals are pretty good. Investors are getting a full 0.75 per cent, higher than most other bank deposits.

A good short term investment idea, if you are looking at investing for 1 year.

8.5% Interest from the country's newest commercial bank

Bandhan Bank is one of the newest private sector banks, which got a RBI license last year. The bank is offering an interest rate of 8.5 per cent for 1 year, again a good few notches ahead of other private or government owned banks in the country.

Decent dividend yield

Holding the shares of NMDC is not a bad idea, as the dividend yield on the stock is close to 9 per cent.

However, you run the risk of losing by way of capital appreciation in case the stock price falls.

Fully guaranteed fixed deposit

This yet again is another institution that is offering an interest rate of 8.5 per cent for one year. The deposits are a company fixed deposit, but it is rather safe since the principal and interest amount is guaranteed by the government of Kerala.

Decent returns

At 8.45 per cent interest for 1 year, the fixed deposit of Mahindra Finance is just 0.05 per cent, less than other peers mentioned above.

However, the deposits are relatively safe considering the strong pedigree. A great short term investment idea for those looking at decent returns.

A good dividend yield

This is again, a stock we are suggesting to buy. The company's dividend itself works to 4 per cent.

We believe that at some stage, crude oil prices will rally and you could get a decent returns from the stock.

Slightly lower interest rates

The deposit of PNB Housing Finance offers an interest rate of 8 per cent. This is not the best short term investment idea, as compared to 8.5 per cent mentioned in the previous .