Where do you guys keep your emergency funds?
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Which is your preferred place to keep it?
Put FD in any bank you like and create over draft account thats the best way to use for short term
IDFC SB A/c @ 7.25% (on amount above 5L; DYOR as only 5L amount is insured by RBI in case of bank's failure)
Cred Mint Flexi @ 9% (new deposits are at lower rates now; DYOR as this has risk of principal loss)
Some FDs under Sr. Citizen Account at 8.25% (attracts lower tax treatment as well)
Some in Arbitrage Funds (~returns 7-8% in recent times, also attracts lower tax as STCG/LTCG)
Best is to divide the amount among Liquid Fund, SB and Cash. Or LF and SB. Keeping in normal FD is I think a bit risky, because it will take some time to break it and get your money back. Liquid fund will also need 2-3 days to withdraw. So, in some unfortunate medical emergency or some immediate emergency, it will be a problem. So some amount should be kept handy..
Some liquid cash and rest in saving account also in Tata Mutual fund (Lock-in period of 3 months after that you can withdraw instantly also last year return were 33% and this year my absolute return is 19% in 6 months). For me MF is much better than FD's as its giving much better returns.
What is the benefit of sweep in Fd
got crocodile tears ready in stock
suckars be ready to throw money away
whenever
I use mobikwik fixed deposit
I used to keep in Ultra Debt Schemes for a long time. After the series of problems in DLF and Franklin, now I am keeping it in
1 - Safe Liquid funds (1% lower, but much safer)
2 - Home Loan Overdraft Account. Can take it out anyway. For the days, where it is parked, I am going to get equivalent to my home loan interest rate - tax savings (so 7%)
I don't use it but a few banks (mostly neos) provide liquid deposits. They give low interest rates but you get to segregate and store the money in different deposits. It's like multiple compartments in a single bank account.
FD with auto sweep facility
SIP & Gold 🪙 both are the very good safe to the middleclass people
FD gives 8% ... why to wroory take risk for 2-3% more .
In the form of dimes at dd .. 
In emergency I can arrange 10 lac through CC, loan and few around. 2-3 lac in saving account.... So, total around 10 lac, if anything bad happen (for God sake, should not be with anyone) ... I have my father-in-law to help out, as he is a businessman and have current a/c and they keep 40-50 lac in it for their business
Emergency fund??.. Personally it's only health only related issue for which you need an emergency fund. Because Doc comes outside operation room and says "Operation karnaa padega" ..10 lakh jamaa karo (Taking movie scene example) and In today's world Credit cards with good limit are enough to suffice that need even if you don't have medical policies. If you are caught by Govt authorities .. That's when it becomes tricky as officials only accept cash and ATM won't allow you to withdraw more than 25k per day/50k max. This is where you need liquid money or atleast gold dimes to keep law and order running in your favour.
Fixed Deposit.
Most banks these days allows to immediately break FD online and the fund comes back within a minute.
Banks are giving FD rate of 8% these days.
Emergency funds is kept at online FD for 50% and remaining in Liquid gold. I can cash it anytime I wish
I used to park in small denomination fds. Encashing digital fd only required 30-40 seconds.
FD WITH AUTO SWEEP FACILITY.
it's the most liquid. Earns decent interest.
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.