So basically you have made a FD portfolio of 55 Lacs.. with various banks.
well. you have a sharp mind.
After ₹50000 tds exemption for senior($40k for normal) came in to effect,
trying to live with in FD interest with out suffereing tds as much as possible is the idea.
till 3 years back getting 60k tds refund from IT we have to jump thro hooves &hang around.till eternity.. now I have to pay tax on eiether STCG or intraday speculative
If any big bank says we are the safest so we pay you lowest FD interest..I say Fuck you.rather I place a diversified bet on all the under dogs.