How much do you need in your emergency fund? Enter your monthly expenses and we'll calculate your 3, 6, and 9-month targets.
Your recommended emergency fund
₹1,86,000
6 months of essential expenses · Salaried with no dependants
✅ Where to keep your emergency fund
High-yield savings account
3–4% p.a.
Liquid mutual fund
5–6% p.a.
Overnight fund
5–6% p.a.
❌ Fixed deposit (penalty on early withdrawal)
❌ Equity / mutual funds (markets fluctuate)
Frequently Asked Questions
How much emergency fund should I have in India?
Most financial advisors recommend 3–6 months of essential expenses. If you're self-employed, have dependants, or work in a volatile industry, aim for 6–9 months. Your essential expenses include rent/EMI, food, utilities, transport, insurance, and loan EMIs — not discretionary spending.
Where should I keep my emergency fund in India?
A high-yield savings account (3–4% p.a.) or liquid mutual fund (5–6%) are the best options. Both give you instant or same-day access. Avoid FDs — breaking them early attracts a penalty. Avoid equity — markets can be down exactly when you need the money.
Should EMIs be included in emergency fund calculation?
Yes. EMIs are fixed obligations — home loan, car loan, and personal loan EMIs must be paid even if you lose your job. Missing an EMI damages your CIBIL score. Include all EMIs in your monthly essential expenses when calculating your target.
What counts as essential expenses?
Essential expenses are non-negotiable monthly costs: rent or home loan EMI, groceries, utilities (electricity, water, internet, mobile), transport, insurance premiums, and loan EMIs. Discretionary costs like dining out, entertainment, OTT subscriptions, and shopping are not included.