scorecardresearchLooking to build an emergency fund? Here are 5 most important components

Looking to build an emergency fund? Here are 5 most important components

Updated: 17 May 2022, 10:51 AM IST
TL;DR.
  • Keep in mind that you may never face a situation where you have to withdraw your emergency funds and actually use it. Also beyond a certain extent, keeping money in form of cash or in a basic savings bank account could mean a compromise of potential return in long-term.
Cash is the simplest form of maintaining emergency corpus. It is readily available for disposal

Cash is the simplest form of maintaining emergency corpus. It is readily available for disposal