Money on holiday in savings account?

When you have extra money, you park it in your savings account. This is because you can withdraw it at any time and also enjoy some interest while it is in your account.

While a savings account is a good option to keep your money handy, the interest it earns does not even match up with inflation (the avg. inflation rate in the last 5 years was 5.88%!). So what is the option?

The smart parking option is Birla Sun Life Savings Fund (BSL Savings Fund). It keeps your money as liquid as a savings account, yet offers you the potential to earn more than the savings bank interest.