Where do you guys keep your emergency funds?
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Which is your preferred place to keep it?
Chawal ki bori mai ek lunchbox ke andr
mattress kye andr 😈 like this
In Thailand
... Emergency me Desi dime pe trading section 
Desidime - Dimes
Bank account
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.
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.
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.
80-90% in liquid fund
Rest in bank account and Credit card for emergency use.
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.
Saving bank account
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.
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.
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.
Influcers will suggest you options to earn 15-20% .
(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).
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.
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.
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.)
Gudda khod ke rakha hai Bhai par Nahi batunga Kitna rakha hai
G
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Emergency ko bhi pataa hota hai ki iske paas paisa naiye so woh aati ee nai kbhi...😔
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.
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.