WobblyBanana

Best way to keep liquid funds.

I wish to create an emergency fund for my 6 months expenses. Let's say around 3 lacs. Should I opt for FD or some savings account with a high interest rate?

8d ago

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JumpyPretzel

Stealth8d

FD- You can always create 6 FD of 50K each, so that you can break a few without affecting other, if you need some amount. Keep it simple.

WobblyBanana

NatWest Group8d

Thanks!

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Personal Finance3mo

by ZestyNoodleStealth

how to invest

i have around 80k in savings rn, how much of that should i keep liquid and how much should i invest, also where to invest?

my current salary is around 80k as well

2.4K

Personal Finance14mo

by FluffyNuggetPlivo

[Thread] How much are you comfortable keeping in ur Bank account?

As u guys know only 5L is insured, I want to know how much you’re comfortable keeping in account? Maybe someone’s living expense could be 10L a year and they are okay with keeping that as emergency fund liquid, just an instance. But give...

Comments

At least 3 months of expenses, plus some emergency funds. Unless you have an account in some obscure small bank, don...

Going through this thread, I feel to be in minority. I keep atleast 20L in my bank account for any emergency funds/me...

I do have about 5L in my bank account (10% of savings). But intend to bring it closer to 3-3.5, I do feel anything be...

Personal Finance9mo

by DizzyJellybeanStealth

Where to invest emergency fund

I have lump sum of 3.6 lakhs in my savings account. Pls suggest where to invest it.

I am thinking of 50% of lump sum invest in FD and 50% of lump sum in liquid funds.

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