How is Emergency Money from Scripbox better than an FD or a savings account?

You can always keep your money in a savings a/c but that makes it hard for you to differentiate between your regular inflow/outflow. It’s best to stash your emergency money in a separate instrument, such as an FD or a debt fund. 

Here are some advantages to choose Scripbox Emergency Money over an FD:

  • No penalty for premature withdrawal
  • Completely online investing and withdrawal
  • You can withdraw any amount (not break the whole FD)
  • Similar rate of growth but no TDS (tax deducted at source)

Was this article helpful?

Other questions you might have about Emergency Fund - Liquid

Related Articles