DO YOU KNOW WHY?
When you keep idle cash in bank savings or current account it earns very meagre or nil return(savings a/c interest 3.5%pa,current a/c.nil)
Alternatively, you can park your money in Liquid Fund, because;
1. Your money is safe & liquid
2. Your money earns 5 to 6% interest for the number of days it is kept
3. No charges
4. You can directly transfer your salary amount to Liquid Fund and get it back to your bank account when you want
5. Current account money can be parked even for a day or two
6. Suppose you put your current account money on friday and withdraw it on monday,you get interest for saturday & sunday
7. Transact online
8. Companies can park their money in Liquid Fund instead of in current account
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