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Diversify your emergency funds, redeem mutual funds when hit by bank glitch

Park them in several instruments; have three to six months' expenses kept aside as emergency fund

Bindisha Sarang  |  New Delhi 

HDFC Bank's net banking and mobile app were down for more than two days, starting Monday. The bank claimed that it was a technical glitch, and was working to solve the issue. The worst-hit are perhaps the salaried class as it's the beginning of the month when salaries get credited.

Some branches too faced issues. Pankaj Mathpal, a Mumbai-based certified financial planner, was at a bank branch. "On Saturday, servers were down even at a few branches, and transactions were not happening. I thought of going to another branch, but I was told that other branches were also ...

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First Published: Wed, December 04 2019. 21:53 IST
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