{"id":20682,"date":"2025-10-25T03:16:40","date_gmt":"2025-10-25T03:16:40","guid":{"rendered":"https:\/\/tezgyan.com\/index.php\/2025\/10\/25\/how-to-create-an-emergency-fund-to-secure-your-family-during-tough-times-business-news\/"},"modified":"2025-10-25T03:16:40","modified_gmt":"2025-10-25T03:16:40","slug":"how-to-create-an-emergency-fund-to-secure-your-family-during-tough-times-business-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/10\/25\/how-to-create-an-emergency-fund-to-secure-your-family-during-tough-times-business-news\/","title":{"rendered":"How To Create An Emergency Fund To Secure Your Family During Tough Times | Business News"},"content":{"rendered":"


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Last Updated:<\/span>

Bank customers and investors in India can safeguard a portion of their regular income in accessible and beneficial emergency fund options.<\/h2>\n
\"Where<\/p>\n

Where should you maintain an emergency fund? (Representative Image)<\/p>\n<\/figure>\n

An emergency fund is the financial cushion you require during stressful and uncertain times to sustain your existing livelihood and safeguard your family\u2019s needs and interests. In India, due to rising inflation and other economic challenges, low-income and middle-class citizens are often just a medical bill or job loss away from facing poverty. An emergency fund helps you shield against such unforeseen events, helping you stay afloat despite paying for medical coverage and riding the wave during unemployment days.<\/p>\n

Fortunately, bank customers and investors in India have the option to safeguard a portion of their regular income in accessible and beneficial emergency fund options such as savings accounts, fixed deposits and post office schemes. Here is what you should know before determining the best option among the three for yourself.<\/p>\n

Saving Accounts: Easy Access But Moderate Interest<\/strong><\/p>\n

Holding a savings account gives you easy access to your bank balance while earning moderate interest on the savings. Bank customers having a savings account can undergo the fastest transactions and fund transfers during emergencies using UPI, debit card and ATM facilities. While the interest earned on maintaining a savings account is quite low, customers also enjoy easy liquidity and a clean audit trail. However, you should keep track of the minimum balance rules during heavy withdrawals and you can also opt for a sweep-in facility provided by certain banks, where the surplus automatically moves into short-term deposits.<\/p>\n

Fixed Deposits: Safety Plus Predictable Returns<\/strong><\/p>\n

Fixed Deposit is a financial instrument offered by the bank where customers can deposit a lump sum amount for a predetermined period at a fixed interest rate. FDs are known for their low risk value and predictable returns, making them a highly attractive option for those looking to ensure coverage during uncertain periods of life in the near future. But while safe and beneficial, FDs don\u2019t provide easy access or liquidity. Premature withdrawal is only allowed after paying a small penalty or signing up for lower interest.<\/p>\n

Post Office Scheme: Govt\u2019s Safety, Workable Access<\/strong><\/p>\n

For those looking to maintain an emergency fund via a post office savings account or schemes, the government of India provides safety for the sum assured, stability on interest and multiple tax benefits. The accessibility and liquidity are also usually great, with account holders able to access their funds and make quick transactions during tough times. They also enjoy tax benefits on different schemes and quarterly interest payout.<\/p>\n

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Business Desk<\/a><\/p>\n

A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More<\/span><\/p>\n<\/div>\n<\/div>\n

A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More<\/span><\/p>\n<\/div>\n<\/div>\n

Follow News18 on Google<\/a>. Join the fun, play QIK games on News18<\/a>. Stay updated with all the latest business news, including market trends<\/a>,\u00a0stock updates<\/a>,\u00a0tax<\/a>, IPO,\u00a0banking finance<\/a>, real estate, savings and investments. To Get in-depth analysis, expert opinions, and real-time updates. Also Download the\u00a0News18 App<\/a> to stay updated.<\/span><\/div>\n
Location :<\/span><\/p>\n

Delhi, India, India<\/span><\/p>\n<\/div>\n

First Published:<\/span><\/p>\n
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October 25, 2025, 07:47 IST<\/p>\n<\/div>\n<\/div>\n

News<\/a> business<\/a> How To Create An Emergency Fund To Secure Your Family During Tough Times<\/span><\/div>\n
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Last Updated:October 25, 2025, 07:47 IST Bank customers and investors in India can safeguard a portion of their regular income in accessible and beneficial emergency fund options. Where should you maintain an emergency fund? (Representative Image) An emergency fund is the financial cushion you require during stressful and uncertain times to sustain your existing livelihood…<\/p>\n","protected":false},"author":1,"featured_media":20683,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-20682","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/20682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/comments?post=20682"}],"version-history":[{"count":0,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/20682\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media\/20683"}],"wp:attachment":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media?parent=20682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/categories?post=20682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/tags?post=20682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}