No; it's not prudent resolution.
Don't put all your eggs in one basket
You should not put all your efforts and resources into a single stream of income; you should diversify so as to reduce the risk of potentially losing everything.
Well this is not financial advice.
I can provide you my prespective, the FD on indian banks is used to loan out to other people, but due to current NPA problem people are slowling loosing confidence on banking system, your question also came after facing the same fact.
You should move your savings to liquid funds as they are very liquid which means the ...