SAVINGS ACCOUNT VERSUS LIQUID FUND

There is no doubt that a savings account is by far the best option for emergency funds. As the name suggests, savings account offers the highest liquidity since you can access your balance at any time directly through the bank or through ATM. But if you are left with funds that are in excess of emergency funds, then liquid funds are good options. They endeavour to give you your money back the very next working day, subject to the receipt of a valid redemption request. In fact, liquid funds can be used for investments ranging from a day up to one month or two months.