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How much emergency fund should I have?
Updated · CardKhoj Editorial Team
Short answer
Keep at least six months of essential expenses — rent, EMIs, groceries, bills and insurance premiums — in an emergency fund. If your income is irregular, you are the only earner, or you have dependants, aim for 9–12 months. Hold it in a high-interest savings account, sweep-in FD or liquid fund, not in stocks.
How to calculate yours
Add up essential monthly spending. Example: rent ₹15,000 + EMIs ₹10,000 + household ₹15,000 + bills and insurance ₹5,000 = ₹45,000. Six months = ₹2.7 lakh.
Where to keep it
| Option | Access | Returns |
|---|---|---|
| Savings account | Instant | Low |
| Sweep-in / auto FD | Instant | FD rates |
| Liquid mutual fund | Same or next day | Slightly above savings |
Build it before you invest
An emergency fund stops you from breaking investments or taking expensive loans when something goes wrong. Build it first, alongside adequate health and term insurance, then start long-term investing.
This answer is general information, not personalised financial or tax advice. Rules, rates and limits change — confirm with your bank, the RBI or a qualified adviser before making decisions.