Rs 1 lakh in your savings A/C? Why it's time to move it out

Have Rs 1 lakh sitting idle in your savings account? If so, now might be the time to think about moving it out. With the recent RBI repo rate cut, banks have begun to lower their savings account rates. HDFC Bank, for instance, has reduced its rate on balances of Rs 50 lakh and above to 2.75 per cent from the earlier 3.25 per cent. Other banks could likely follow suit. This means that if you’ve been letting your money sit in a savings account, it’s likely going to earn even less than before. But what if there was a smarter way to park you

This article was originally published on June 10, 2025.