1) Can we invest our money in Long term Fixed deposits in a Non Muslim Bank in a Non Muslim country – India. As Such schemes provide us higher interest rate 11%, relief on income taxes and other benefits.

2) The money we deposit in banks, the bank uses this money to give loans to other people on higher interest rate and Interest with respect to loans is haram is Islam. So can you clear this for me please?

1) Yes

2) The bank's activity is not limited to riba-based loans, there are halal activities, such as selling currencies, remittances, letters of credit, etc., and depositing money in the bank with the intention of keeping your money safe, not entitled riba-based lending, is halal.