BusinessWhere to Keep Emergency Funds: Savings Account or FD? Expert Advice
An emergency fund is meant for immediate use during sudden financial needs, not for high returns. Experts suggest dividing the fund into parts: keep instantly needed money in a savings account or sweep-in FD, and consider liquid or short-term debt funds for money needed later. Fixed deposits offer fixed returns but may have penalties for early withdrawal, so choosing the right option depends on your needs.
News18Hi Business·4h ago




