New Delhi, April 16 -- With HDFC Bank and Axis Bank slashing their savings account interest rates to just 2.75%, and State Bank of India (SBI) offering an even lower 2.7%, the money sitting "safely" in your account might actually be losing value in real terms, thanks to inflation.

It's time to ask: is your bank balance truly working for you?

In this article, we explore smarter, safer, and more rewarding alternatives to traditional savings accounts-without compromising on liquidity or peace of mind.

Harshad Chetanwala, co-founder of MyWealthGrowth.com, emphasises that the primary considerations for alternative investments should be safety and liquidity.

There are banks outside the realm of large public and private ones that offer highe...