An emergency fund is a cash reserve that's specifically set aside for unplanned expenses or financial emergencies. Some common examples include car repairs, home repairs, medical bills, or a loss of income. In general, emergency savings can be used for large or small unplanned bills or payments that are not part of your routine monthly expenses and spending.
1. To Create a savings habit
2. To Manage your cash flow
3. To Take advantage of one-time opportunities to save
4. To Make your saving automatic
5. To Save through work
Bank FD:
Mutual Fund:
Liquid Fund:
Bond Fund:
Ultra Short Fund:
Over Night Fund: