The Economic Times

With Rs 50,000 salary, does a 6-month emergency fund mean having Rs 3 lakh? Practical tips to achieve the right amount

6-month emergency fund with Rs 50,000 salary: While calculating the amount, you should count everything that still needs to be paid even when salary stops. So, where should you put this money and how much should you invest every month to hit the target faster? Moreover, an individual who is single and has no dependents may not need the same amount of emergency fund as someone with a family.