Quick Answer: An emergency fund is 3–6 months of your monthly expenses kept in a highly liquid, low-risk account that you can access within 24 hours. In India, the best places to keep an emergency fund are a high-interest savings account, a liquid mutual fund, or a sweep-in fixed deposit. It should never be invested […]
Introduction : A Situation That Confuses and Worries Many People You withdraw cash from an ATM or receive money from a bank counter. Later, while checking the notes, you notice something unusual. The note looks different.You start wondering: Is this a fake note? What should I do now? Will I get my money back? Can […]
Introduction: When You See the SMS and Your Heart Skips a Beat You check your phone and see an SMS alert. “₹25,000 debited from your account.” You didn’t make that transaction. In that moment, most people panic.Some freeze.Some hope the money will come back automatically. As an ex-banker, let me tell you the most important […]
Introduction: Intelligence Does Not Immunise You From Fraud One of the biggest myths around banking fraud is this: “Fraud happens only to careless or uneducated people.” That is not true. As an ex-banker, I have seen fraud cases involving: Senior corporate professionals Doctors, lawyers, and entrepreneurs Retired bankers themselves Fraud does not target intelligence.It targets […]
Nomination is a simple yet very important aspect of your banking. It guarantees the handover of your hard-earned wealth to its legal heir. Banks are the custodian of our money who, along with facilitates the seamless platforms to conduct our day-to-day transactions or business activities and pay some interest amount for keeping our money with […]
