With all the new banks coming up, they will vie up for space. So to me as on date, IDFC offers the best FD rate of 7.5% for 366 days and no penalty on withdrawal.
It is completely an online procedure and nothing to worry about as well.
You can go ahead and apply for this FD
however, the minimum amount has to be Rs. 10,000
Rest, you can take help of klippd for all your extra saving needs.