How to build an emergency fund in 2024 | This is how I built my emergency fund |

In this video we have discussed how to build an emergency fund and key points to keep in mind. We discussed and compared 4 investment options- Saving a/c, FD, Debt mutual fund and Bharat Bond ETF.

To invest in FD, we looked at Stable money platform that provides a great option to find and compare 200+ FDs in India and invest in 6 banks and NBFC in a single platform with just a few clicks. This platform also helps you calculate the emergency fund as per your need and then you can invest in the right FDs as per your emergency fund requirement.

#emergencyfund #fixeddeposit #stablemoney #sahilbhadviya

[GraceOliviafy]

Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid economy crisis, and even pull it off easily in favorable conditions. Unequivocally, the collapse is getting somebody somewhere rich.

[claircourtway]

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

[sd]

Best option to invest emergency fund is either in savings account or in liquid fund... Not under any platform.

[vikassharma]

I am actually new to all this but fortunately for I was introduced to Mr Ronal’ and I want to say a big thank you for sharing your knowledge with me and I’m also earning more than I expect. God bless you sir

[LeahLewis-nyiu]

Absolutely !!!! I love I'll have to be debt- free in every sense before purchasing my first supercar. The best thing to do with your money is to infuse rightly because money left saving will end up with no returns.

[waqaaryunus]

9.1 % intrest rate can only be achieved if you hold the deposited amount for whole time period. If you withdraw before the maturity your interest rate is lower than normal bank interest rates

[chandranandhar]

In such sponsored videos, the content quality goes down the drain. If you need to look whether your investment is covered by DICGC for emergency funds, brother you need help. DICGC ensures the money, however, in case of bankruptcy, you most probably would NOT receive the money when you need it most. Please avoid such stuff, and use savings account of reputed banks (with sweep out facility for slightly higher returns).

[ajaybaronia]

I have FD of 10 L and I got 11 L in one year. I invested 11 L in buying 400 HAL Stocks, @ 2000 and got my money double in 6 month

[BharathkumarYadav]

Please update clear information, Any small finance bank not offering 9.10 for ppl who are not senior citizen.

They offer 9.10 only for senion citizen. Thanks

[Indianajones]

I just come across your channel today accidently. Then i realised you were the same person who used to write answers on quora related to personal finance. Felt good❤

[prashantnile]

Do u know the Autosweep facility of savings account... It's best for parking emergency fund...

[NavinKumar-xtbo]

Is keeping the emergency fund in the index mutual fund a good option?

[NehaKumari-onhu]

Keep an emergency fund and end up paying tax according to the tax slab rate.
Awesome idea.

[basantchoubey]

The whole idea of emergency fund is not to earn higher interest on it but availability of fund when there is an urgent need. So I would advice rather to keep your emergency fund in FD in bank FD in more than one bank which should be a top bank in India like ICICI, HDFC, SBI, KOTAK, AXIS. Investing emergency fund through an App is risky..

[suryanarayanamh]

Whether the amount deposited in small finance Bank are covered under DICGC. Please clarify sir.

[jkscal]

Why to break FD.... Go for Sweep in FD (Most Banks provide avg 7.3%)...It is as good as FD with a Savings account

[Ram-znsx]

Hi, Sahil bhadviya your idfc first bank give 6.75 percent I think, they giveback by monthly basis just park money to account sir.

[subhendudas]

I invested in icici liquid fund which has an instant withdrawal facility maximum 90% or 50k instantly which is higher. FD dont have any partially withdraw option

[cjks]

This video seems like a sponsor rather than education.. I am disappointed nowadays

[gaurav]

Even savings accounts and fd are not safe. I remember in yes bank we could withdraw only 10000 per day max for more than 15 days when yes bank crisis happened.