where do you keep your emergency funds?
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Where do you guys keep your emergency funds?

1017°
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BAT_MAN
As everyone says, we should have 6 months expense in emergency funds

Which is your preferred place to keep it?
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Deal Cadet Deal Cadet
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Emergency ko bhi pataa hota hai ki iske paas paisa naiye so woh aati ee nai kbhi...😔

Benevolent Benevolent
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jiska pas nehi hota hey uska har din emergency bhai 
Helpful Helpful
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Just went through all comments, only 3-4 gave serious answers. Rest all bakwas.

Why there is no seriousness in DD threads nowadays?

Even Admin is seen making fun of the topic here.

Benevolent Benevolent
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I've kept emergency fund parked in Unity Small Finance Bank FD of 701 days with interest @ 8.95% p.a.

Some more emergency fund is in Bandhan Bank Savings A/C since it offers decent interest rate on amount above Rs. 1 lakh

For both the above, amount (principal + interest) never exceeds Rs. 5 lakhs at any given point of time. If and when the time arises to have even more emergency fund, will think of a better way but as of now, it does the job for me.

Apart from this, I've 15+ credit cards for actually dealing with immediate emergency till FD liquidates. Also, I've put 4 separate FDs of around 1.05 lakhs each in Unity SFB, so, I won't have to break them all if small amount is needed.

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@Saje
@1_DAY_U_MAY
@tappukepapa
@Rosh_0007
@AyushiiiVijay
@androgame
@stoptomove
@Pikachu_
@Ram-Bhaiya
Deal Subedar Deal Subedar
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Chawal ki bori mai ek lunchbox ke andr

Tech Guru Tech Guru
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Old school but effective plus1
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Blaze Blaze
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mattress kye andr 😈 like this 

R

Entertainer Entertainer
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Itne mai toh hmare jeevan ka sara emergency nipat jayega

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Benevolent Benevolent
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Use cc 50 days free credit.

Deal Subedar Deal Subedar
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You are not wrong actually. People say emergency fund is something you need asap (like in a day or so) but if the requirement is for a payment then cc limit cab be utilized.

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Wingman Wingman
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In bank

Deal Captain Deal Captain
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I keep my emergency funds in future

Helpful Helpful
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In Thailand

Deal Cadet Deal Cadet
Author
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Emergency ko bhi pataa hota hai ki iske paas paisa naiye so woh aati ee nai kbhi...😔

Benevolent Benevolent
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jiska pas nehi hota hey uska har din emergency bhai 
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Talk-Of-The-Town Talk-Of-The-Town
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Bulk gift cards and vouchers on discount stuck_out_tongue_winking_eye... Emergency me Desi dime pe trading section stuck_out_tongue_closed_eyes

Deal Captain Deal Captain
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No offense bro but That's the worst kind of emergency fund. You maybe kidding but, in real life emergency makes people sell their assets at discount compared to normal days.

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Deal Subedar Deal Subedar
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Gold 🪙💛

Cash 💵💰



Nothing comes close to Cash & Gold during emergency, any-time, any-where.💪😎

Entertainer Entertainer
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Desidime - Dimes

Deal Cadet Deal Cadet
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Bank account

Deal Subedar Deal Subedar
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I would recommend moving it to liquid fund or FD.  On bank interested you anyways still pay tax as per slab rate and same with liquid fund but at least chances of interest are higher in liquid fund.

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Deal Cadet Deal Cadet
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For me medical emergency is the biggest emergency.

I have my credit card limit as a cushion if my senior citizen parents need any emergency medical attention. I will have minimum 15 days to liquidate my capital assets to repay the credit card bill.

Benevolent Benevolent
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Most Indians are just one medical bill away from going bankruptcy. 

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Deal Subedar Deal Subedar
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In mobile cover

Helpful Helpful
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chor jeb me

Hunk Hunk
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Off Topic: Looking for Liquid Funds with Instant Redemption Facility. Any recommendation?

Deal Newbie Deal Newbie
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Instant redemption means what?

All schemes have specific 'cut off' timings.

Money market products often given an option/opportunity for same (working) day credit of funds.

Depends on quantum of investment/s too though.

Money market yids currently seem to be flattening.
Ultra short term (like weekend investments by brokerages or corporates) or slightly longer but still .. generally short term investments of super HNIs or corporates, institutional investors are the main participants in liquid funds.
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Deal Cadet Deal Cadet
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80-90% in liquid fund

Rest in bank account and Credit card for emergency use.

Helpful Helpful
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Just went through all comments, only 3-4 gave serious answers. Rest all bakwas.

Why there is no seriousness in DD threads nowadays?

Even Admin is seen making fun of the topic here.

Deal Captain Deal Captain
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Bro waise ye bhi OP ka query ka answer nahi Hai. This is not an exam sheet where everyone should answer to the point in a standard format sweat_smile


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Talk-Of-The-Town Talk-Of-The-Town
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FD is best 

Deal Newbie Deal Newbie
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😲😯😮🫨🫥
Deal Newbie Deal Newbie
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Saving bank account

Deal Subedar Deal Subedar
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I keep couple thousand USD and some one-ounce US mint gold coins as a failsafe emergency fund. Other than that, I have a bank account with 4 months' salary in case I'm on the go and need petty cash.

Commentator Commentator
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I have kept 2 months salary in bank SBA. Another 1 month in Liquid funds. Every month my SIP goes in Liquid fund. Hopefully in another one year will have close to 2 months salary in Liquid fund too.

Generous Generous
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I do FD. My dad did the same. I'm not sure about mutual fund and I still have no bloody idea about stock market and crytocurrency and just found last month, that the latter is worst evn to the environment and more.

Generous Generous
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you are doing everything right ... do not worry what other says ... specially internet / social media .

Influcers will suggest you options to earn 15-20% . 
Comrade Comrade
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(1) At least 2 months of family expenses (Grocery + all utility bills etc) in cash (kept separately).

(2) Same amount in secondary savings account in point (1).

(3) 12 months of family expenses in liquid funds. (Not an investment).

 

Deal Cadet Deal Cadet
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Point 3, Why not mutual fund? Wont it give better returns than liquid and also fast cash withdrawal upon redemption?

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Benevolent Benevolent
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I've kept emergency fund parked in Unity Small Finance Bank FD of 701 days with interest @ 8.95% p.a.

Some more emergency fund is in Bandhan Bank Savings A/C since it offers decent interest rate on amount above Rs. 1 lakh

For both the above, amount (principal + interest) never exceeds Rs. 5 lakhs at any given point of time. If and when the time arises to have even more emergency fund, will think of a better way but as of now, it does the job for me.

Apart from this, I've 15+ credit cards for actually dealing with immediate emergency till FD liquidates. Also, I've put 4 separate FDs of around 1.05 lakhs each in Unity SFB, so, I won't have to break them all if small amount is needed.

Deal Newbie Deal Newbie
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How did you open unity sfb bank fd?

Online or offline?

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Deal Cadet Deal Cadet
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I keep in Bandhan saving account in my wife's name so as to save tax. It is near FD rate with high liquidity. I apply ipo(bhni) also using the same money.

Deal Newbie Deal Newbie
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kuch jowar ke aatey ke dibbey mein.
Some in the container of millets flour.

Some in the (so called) fire-proof mini safe (deposit box) disguised to look like a closed panel in a wardrobe.

Some in electoral bonds or accounts/ farmhouses of powerful entities who claim to be there in future (to rescue us out of 'situations').

Baaki mummy ke paas.
(Remaining with my mother or my kid's mother. They fairly good at segregating and isolating emergency funds as emergency funds ONLY.)
Deal Subedar Deal Subedar
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Gudda khod ke rakha hai Bhai par Nahi batunga Kitna rakha hai

Benevolent Benevolent
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To bhai gaddhe ki width and depth hi bata do. 🤔
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Generous Generous
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G

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