Bangalore: Many of you at times have surplus money left after meeting all your expenses. Instead of just saving it, you can opt to invest in various short term investments options of 1 to 3 years which can earn you good returns.

Investing in short term investment options increase the value of your money and lowers your risk of running out of finances when you really have a pressing situation. Blogger Suresh KP in MyInvestmentIdea.com has listed out 6 best short term investment options where you can park your extra money and earn good returns.

1. Bank Fixed Deposits

Many Indian banks provide good interest rates on fixed deposits ranging from 8 percent to 9.25 percent per annum. You can park your money for 2 to 3 years as they are considered to be very safe investments. Currently IndusInd Bank is providing an interest rate of 9.25 percent for a fixed deposit of 999 days under special schemes. Other banks like Axis Bank, Bank of India etc are providing an interest rate of 9 percent for a time frame of 2 years to less than 30 months or 3 years.

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