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I have started to earn a year ago. All my funds are currently in banks. Is there any better way save money than leaving it in a bank account?

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There are quite a few options. Suggest you put a mix of things and begin investing into Mutual Funds.

  • Open a PPF / NPS account. The returns are decent and secured, but there is a long time lock-in
  • Open Fixed Deposits
  • Start investing small amounts in Mutual Funds, start with Index funds and then into Diversified equities before going into other type of funds
  • Some point when you are comfortable start into shares directly.

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