The need for zero-risk money needed for survival in a safe bank (PSU or one of the large private sector banks) suddenly become manifest. My recommendation of emergency funds has now changed. For those forty years and below in secure jobs, you are fine with six months of living expenses in an FD, but as the age increases and as the riskiness of the job goes up, ramp up the fund to reach two years for older cohorts in jobs that are not that secure.
