Why Keeping Money in Savings Accounts Could Cost You Dearly: CA Explains

Why Keeping Money in Savings Accounts Could Cost You Dearly: CA Explains

Many people assume that parking their money in a savings account is the safest way to protect it. But according to CA Abhishek Walia, this common habit could silently erode wealth over time.

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“With savings interest rates at 2–3% and inflation around 6%, money sitting idle is losing value every year,” Walia explained.

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He shared a case of a client who kept Rs 10 lakh in a savings account, thinking it was safe. Walia advised a small but effective shift: Rs 3 lakh for emergencies and Rs 7 lakh in short-term debt and index funds. Within a year, the client earned nearly Rs 60,000 more, without taking major risks.

“Doing nothing feels safe, but it’s the riskiest choice. Inflation doesn’t wait,” Walia said.

The takeaway: even low-risk investment options can help grow your money and protect it from inflation, unlike leaving it idle in a savings account.

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Published: Oct 17, 2025

cricket blog team

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