CA Suggests Middle Class Diversify Savings Beyond Savings Accounts

• Middle-class families often rely on savings accounts for safety and convenience, especially in India.
• Savings accounts offer liquidity and a small interest rate (3-4%), useful for emergencies.
• However, low interest rates do not beat inflation, causing money to lose real value over time.
• A Chartered Accountant (CA) advises diversifying savings into options like FDs, RDs, Mutual Funds, SIPs, and PPF.
• Creating a financial plan and investing thoughtfully can secure savings and yield better long-term returns.

Why It Matters: Diversify savings beyond just savings accounts to combat inflation and achieve better long-term returns.