Keeping Rs 15 lakh in a savings account could quietly cost you lakhs, warns CA. Here's what you can do instead to double it

Chartered accountant Nitin Kaushik warns that keeping large sums in savings accounts, despite seeming safe, is a "slow financial suicide." He highlights how inflation erodes purchasing power, while investments, even with market ups and downs, can significantly grow wealth. For instance, Rs 15 lakh invested for eight years could yield Rs 32 lakh compared to just Rs 19 lakh in savings, a difference of nearly Rs 13 lakh.

Raccontata daeconomictimes.indiatimes.com