Where should my money go, with DICGC insurance?

Yes. Each bank's rate is read daily from its own rate page, and Post Office rates from India Post's notification. The date is shown under the results.

Small finance banks are RBI-licensed and covered by DICGC insurance, like every other bank: up to ₹5,00,000 per depositor per bank, interest included. With “Keep every rupee insured” ticked, the planner never puts more than that in one bank. Post Office schemes carry a government guarantee instead.

Interest from FDs and Post Office schemes is added to your income and taxed at your slab every year it is earned, even on a deposit that pays only at maturity. The planner takes your slab plus 4% cess off the interest. Under the new tax regime, total income up to ₹12 lakh pays no tax.

If you owe no income tax, Form 15G (below 60) or Form 15H (60 and above) asks the bank or post office not to deduct TDS from your interest. Give it at the start of each financial year to every bank where you hold deposits.