You MUST keep your money in Fixed Deposits. 

You read it right :)

You absolutely must keep your money in Fixed deposits, if:
– It is being kept as an Emergency Fund
– Not as a measure of investment

Here is how your Emergency Fund should ideally look like:

70%: Fixed Deposits
20%: Bank account
10%: Cash (or can be bank, if Debit card has no withdrawal limits)

Don’t invest your money in FDs with the false hope of making it grow.
Rather park your money in FDs with the true assurance of it backing you up when a dark day does show.