₹6 lakh to cover at least a year’s expenses, they would not sell their house, which would be of a much higher value, to get the cash.
They may also have gold in the form of jewellery. But the shining metal has emotional value.In such cases, maintaining an emergency fund that is quickly accessible and easily liquidated is, therefore, essential.Just follow a few basic rules when saving for an emergency fund.“The emergency fund should be able to pay for at least 12 months of your expenses—the more, the better.