News From Press Mutual Funds vs FDs vs Savings Accounts vs Others: Where do Indians save their money today?

Mutual Funds vs FDs vs Savings Accounts vs Others: Where do Indians save their money today?

Source: Financial Express Dec 1, 2023

The trust in savings accounts remains unwavering among Indians. Offering liquidity, ease of access, and nominal risk, savings accounts serve as a secure repository for funds, meeting short-term financial needs while providing a nominal interest rate. This preference for liquidity and safety reflects the practical approach many adopt in India. With diverse investment options, recent data trends reveal interesting insights into where Indians prefer to park their savings.

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