Apologies. Actually my response was meant for Kittycatx. I am sure anyone haveing some amount of money, especially 30k will have some idea how to invest it usefully. No offence was implied.

As mentioned previously, banks like ICICI, A&L, Kaupthing Singer etc seem to be offering the best rates with easy access at present. I would consider spreading the money to several accounts with different banks to minimise the risk.