Where do you all save emergency funds and other savings for short term needs. Let's say if you wanna save some amount of your salary and don't want it in a bank, where would you put that money so it gets better returns than bank and it can be easily liquidated. Please suggest where you would put it and how much returns you may expect.
Godrej safe
Don't mix ease of ready access for emergency funds with returns. They are incompatible.
Keep them wherever you can get them quickly.
FD. If not, then an arbitrage fund.
Linked FD to my savings account bank. Will get FD returns if I end up not using it
Partly in mutual funds and partly in FD. Outsource your money management activities if it is not your forte and/or you don’t have the time for it.
If you have neo bank account like fi, here you can park your emergency fund in smart deposits the liquidity is also very good, personally using it for a year now no complaints also you will get interest over it.. hope it helps
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...
At least 3 months of expenses, plus some emergency funds. Unless you have an account in some obscure small bank, don...
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
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.
