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DerpyWaffle
DerpyWaffle
Stealth

Is it okay let 10 lacs lie in bank account ?

People advice you should not keep too much money in your bank account, bank account interests does not beat inflation, so invest all money in some safe space that gives at least 8 percent interest rate on your money.

On the other hand I feel liquidity gives you a state of luxury and satisfaction that you have this much money at disposal right way, which also leads to unnecessary expenses..

What’s your take on this ?

8mo ago
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SqueakyBiscuit
SqueakyBiscuit
Swiggy8mo

Have you seen the recent news saying someone lost several lakhs of rupees due to a otp scam/upi scam ? If you ever fall for such scam, you will loose a lot of money

DerpyWaffle
DerpyWaffle
Stealth8mo

Good point!!

DerpyWaffle
DerpyWaffle
Stealth8mo

How do you distribute your savings then

FluffyCupcake
FluffyCupcake
Amazon8mo

There are super saver accounts. If you’ve amount > X, it automatically creates FD. The moment balance goes below X, it start liquidating FDs. Best for ego & returns.

DerpyWaffle
DerpyWaffle
Stealth8mo

Best for ego and returns , lol !

SillyDonut
SillyDonut
TCS8mo

Bhai startup me dal de :)

On serious note, try debt fund, mfs or p2p lendinh ( 33% in each )

DerpyWaffle
DerpyWaffle
Stealth8mo

Will check about debt funds, mutual funds I am already putting in, don’t want to bet that heavy on MFs to put everything in, P2P lending is not my game, risky stuff !

SleepyPretzel
SleepyPretzel
PhonePe8mo

Liquidity is like aloo in biryani, necessary but not too much. Invest wisely, let your money work harder than you. Jaisa desh, waisa bhesh.

Gif
DerpyWaffle
DerpyWaffle
Stealth8mo

If liquidity is like Aloo in Biryani , I am emptying my bank account right now :)

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