Site icon Jagoinvestor

Can I keep my Emergency fund in Saving bank account ?

I have accumulated a sum of 4-5 lakhs in savings account, which i am seeing as my emergency fund also.

Pl’s guide is it advisable to keep this sum in savings account.If no then how to invest the amount and where to have an emergency fund as well. I dont know when i would need the money, as I am bachelor and have two sisters to be married soon.

Exit mobile version