Planning for retirement isn't only about building a large corpus. It also means knowing how much money you may need for regular expenses and keeping some of it within easy reach. That is where a savings account for retirement can help.
A savings account give you quick access to your money while allowing the balance to earn interest. You can use it for emergencies, short-term expenses or as a cash reserve once you stop working. It shouldn't normally be the only place where you keep your retirement money, though. Long-term investments may have a different role in helping your money grow over time.
Why Include a Savings Account in Retirement Planning?
Retirement can bring expenses that are difficult to predict. A medical bill, home repair or an unexpected family expense may require money at short notice. Selling an investment every time isn't always convenient. Keeping some money in a savings account for retirement gives you a readily available reserve.
It can be useful for:

Emergency expenses: Money set aside for costs you didn't see coming.
Regular spending: Bills and other expenses that need to be paid soon.
Cash reserves: A buffer that can help you avoid disturbing long-term investments.
Interest earnings: Your balance can earn interest based on the bank's applicable rate and account terms.

How Can a Savings Account Support Your Retirement Fund?
A retirement fund may include several types of assets. Depending on your circumstances, these could include provident fund savings, pension income, NPS, mutual funds, fixed deposits and other investments.
A savings account does a different job. It keeps part of your money available rather than locking it away or exposing the entire amount to market movements.
For instance, you might keep enough money for your near-term expenses in a savings account while leaving investments untouched for expenses that are several years away. This gives each part of your retirement money a clear purpose.
NPS is one example of a dedicated retirement product in India. PFRDA describes NPS Tier I as a pension account intended for retirement savings, with withdrawals governed by applicable rules.
How to Save for Retirement Using a Savings Account?
If you're wondering how to save for retirement, start with your expected expenses rather than choosing an account first.
Think about your future housing costs, household bills, healthcare expenses and the lifestyle you want to maintain. From there, work out how much needs to be invested for the long term and how much should remain accessible.
You could maintain a separate retirement savings account for this cash reserve. Moving a fixed amount into it regularly can also make saving easier. It keeps retirement money separate from the account used for day-to-day spending.
Starting early gives you more time to build your overall retirement corpus. DBS also recommends setting goals, budgeting regularly and revisiting the plan when your circumstances change.
What Should You Look for in a Retirement Savings Account?
There isn't one best savings account for retirement planning that suits everyone. Your choice should depend on how you plan to use the account and how much money you expect to keep in it.




Feature 


Why it Matters




Interest rate


How much interest the account pays




Access to funds


ATM, online transfer and other withdrawal options




Minimum balance


Whether you need to maintain a particular balance




Charges


Fees for non-maintenance and other services




Digital banking


Mobile and internet banking facilities




Other features


Services that may be useful during retirement




The savings account interest rate is worth comparing, but don't stop there. RBI regulations allow banks to set domestic savings deposit rates, subject to applicable requirements, so rates can differ between banks and account types.
A higher rate may also come with conditions. Check whether the rate depends on maintaining a particular balance and review the other terms before opening the account.
Should All Your Retirement Money Stay in a Savings Account?
Usually, that isn't the most suitable approach.
A savings account has an obvious advantage: you can access the money when you need it. The downside is that it may not provide the same growth potential as investments designed for wealth creation.
This becomes more relevant when retirement may last for many years. If all your money remains in cash, inflation can gradually reduce its purchasing power.
A more practical approach is to give your money different jobs. Keep an accessible amount for immediate needs, while considering suitable long-term investments for expenses that are further away. Your age, income, expenses, risk tolerance and other sources of retirement income should all form part of that decision.
What About the Interest Earned?
Interest paid on a savings account varies by bank and account type. RBI notes that domestic savings deposit rates have been deregulated, subject to applicable regulatory requirements.
So, don't assume that every bank offers the same savings account interest rate.
Look at how the bank calculates interest, when it credits the interest and whether a particular rate applies only when you maintain a specified balance. These details matter when you plan to leave a decent amount in the account.
Check the Account Conditions Before Opening One
The savings account eligibility rules depend on the bank and the account you choose. Some accounts have simple requirements, while specialised products may come with additional conditions.
Before opening an account, check:

Minimum age requirement
KYC documents
Minimum balance rules
Applicable interest rate
Account and service charges
Transaction or withdrawal limits
Mobile and internet banking facilities

These details are worth checking when you're setting up a separate savings account for retirement instead of using your regular spending account.
Conclusion
A savings account for retirement can be a useful part of a wider retirement plan. It gives you access to money when you need it and lets the balance earn interest along the way. That can make it useful for emergencies, regular expenses and a cash reserve.
It isn't meant to replace every other form of retirement saving. Your retirement fund may include several products, each serving a different purpose. Start early, keep track of your expected expenses and review the savings account interest rate before choosing an account. Most importantly, make sure the account fits into the larger retirement plan rather than treating it as the plan itself.

The Role of Savings Accounts in Retirement Planning The Role of Savings Accounts in Retirement Planning

In a historic first, the Jain International Trade Organization (JITO) Mumbai Chapter has appointed a woman to lead its main wing at Midtown ,Meenal Jain has taken charge as the Chairperson for the term 2026-28, becoming the first-ever Lady Chairman of a chapter in Mumbai.
The appointment marks a significant milestone for JITO, one of the most influential business community organizations in India. Meenal's journey from leading the Ladies Wing with grace to now heading the Main Chapter is being hailed as an inspiration for women entrepreneurs across the community.
Meenal Jain is not new to leadership. She is a well-known Mumbai-based entrepreneur and the Founder of Maraca Jewels. With over a decade of experience in jewellery design, visual merchandising and retail marketing, she currently handles the Creatives &amp; Marketing for her family business, Bhavesh Gold Mangalsutra.
Her previous tenure as Chairwoman - JITO Midtown Ladies Wing (2024-26) was marked by several high-impact initiatives focused on women empowerment, youth engagement and community service.

Her influence extends beyond JITO. She is actively associated with leading industry bodies:
- Committee Member, WJA India (Women's Jewellery Association)
- Ladies Wing &amp; Board Member (Jaipur Show), IBJA
- Founder, Jain Woman Forum
- Associated with lions club Worli
For her term as Chairperson, Meenal Jain has unveiled her theme - "ANOKHE Pal". The theme is centered around three core pillars: Unity, Seva (Service), education, business and Empowering Youth &amp; Women. Her vision is to create meaningful connections, foster brotherhood within the community, and give back to society in a more impactful way.
Speaking about her new role, Meenal Jain said, "It is an honour to lead JITO Mumbai Midtown. This is not just a position, but a responsibility to carry forward the legacy of Seva. With anokhe Pal, we want to create moments that are unique, meaningful and memorable for every member and for the society."
The JITO Mumbai Midtown Parivar has extended its heartiest congratulations to Meenal Jain and expressed confidence that under her leadership, the chapter will reach new heights.
She has truly proved that leadership has no gender, only Vision, Dedication and Seva Bhaav.

Meenal Jain Creates History as First Woman Chairperson from JITO Mumbai Chapters Midtown

Explore LG washing machines with Direct Drive, Smart Inverter, and TurboDrum technologies. Compare popular models and your preferred option on Easy EMIs with Bajaj Finance.
From everyday clothes and school uniforms to bedsheets and towels over the weekend, laundry is a regular part of life in most Indian homes. Having a washing machine that handles different loads without much effort can make a real difference. LG washing machines offer features such as Direct Drive motors that reduce noise and vibration, Smart Inverter technology that helps save electricity, and TurboDrum technology that helps remove stubborn dirt and stains. Select models also come with a 10-year motor warranty, offering added peace of mind. With semi-automatic, fully automatic top-load, and front-load options available, you can find an LG washing machine that suits your family size, washing habits, and budget.
Once you have found an LG washing machine with the right capacity and features, the next step is choosing a payment option that fits your budget. With Bajaj Finance, you can explore over 1 million products from 550+ brands at 1,50,000+ partner stores across 4,000+ cities, including Reliance Digital, Croma, and Vijay Sales. The Insta EMI Card offers a limit of up to Rs. 3,00,000, while the Easy EMI Loan provides financing of up to Rs. 5,00,000. Both options let you spread the purchase cost into manageable Easy EMIs, making it easier to choose a washing machine that meets your household's needs without paying the full amount upfront.
What LG technologies make their washing machines worth buying?
LG washing machines offer technologies that improve cleaning, reduce noise, and protect fabrics. From everyday clothes to heavily soiled uniforms, these five features make laundry easier.

Direct Drive motor (front-load): Connects directly to the drum without a belt or pulley, reducing vibration, noise, and mechanical wear. Select models offer a 10-year motor warranty.
Smart Inverter motor (top-load): Adjusts motor operation based on washing needs, improving energy efficiency and reducing noise. Select models come with a 10-year motor warranty.
TurboDrum: Rotates the drum and pulsator in opposite directions to create stronger water currents, helping remove dirt from everyday clothes and school uniforms.
6 Motion DD (front-load): Uses six drum movements, including tumbling, scrubbing, rolling, stepping, filtering, and swinging, for effective cleaning and fabric care.
AI DD (select models): Detects load weight and fabric characteristics to adjust drum movements automatically, making mixed laundry loads easier to manage.

Pro tip: For everyday cotton clothes and towels, Smart Inverter and TurboDrum may be enough. Choose 6 Motion DD or AI DD for more specialised fabric care.
Which LG washing machine type is right for your household?
LG offers semi-automatic, fully automatic top-load, and front-load machines. Your water supply, budget, and preferred level of convenience can help you decide.




Washing machine type


Best suited for


Main trade-off




Semi-automatic top-load


Irregular water supply, smaller budgets


Requires manual water management and transferring clothes




Fully automatic top-load


Convenient everyday washing


Generally uses more water than front-load models




Fully automatic front-load


Fabric care and water efficiency


Longer cycles and bending to load clothes




Semi-automatic models offer greater control over water usage, while fully automatic machines handle washing and spinning with less involvement.
Pro tip: Choose semi-automatic if water supply is unreliable. For hands-free washing, a fully automatic model is more convenient.
What capacity LG washing machine does your family need?
Capacity depends on family size and laundry frequency. Larger drums are useful for bedsheets, towels, and weekly washing loads.




Family size


Recommended capacity


Suitable type




1 to 2 members


6 to 7 kg


Top-load for convenience, front-load for fabric care




3 to 4 members


7.5 to 8 kg


Top-load or front-load




5 or more members


9 to 11 kg


Larger top-load or water-efficient front-load




Daily washing may require less capacity, while weekend laundry and bulky household linen benefit from a larger drum.
Pro tip: A 7 kg machine suits most couples, while an 8 kg model gives families of four more room for clothes and bedsheets.
Which LG washing machines should you consider in India in 2026?
LG offers washing machines across different capacities, price ranges, and washing technologies. From affordable semi-automatic models to front-load machines with AI Direct Drive and Steam features, there are options for different household needs. Here are some LG washing machines worth comparing:




Model


Type


Capacity


Price


Key features




LG P7020NGAZ


Semi-automatic


7 kg


Rs. 11,490


Wind Jet Dry, Roller Jet Pulsator




LG P8030SRAZ


Semi-automatic


8 kg


Rs. 13,690


5 Star, Collar Scrubber




LG T70VBMB1Z


Fully automatic top-load


7 kg


Rs. 17,990


Smart Inverter, TurboDrum




LG T80VBMB1Z


Fully automatic top-load


8 kg


Rs. 23,990


Smart Inverter, TurboDrum, 5 Star




LG T90VBMB1S


Fully automatic top-load


9 kg


Rs. 23,990


Smart Inverter, large capacity




LG FHB1207Z2M


Fully automatic front-load


7 kg


Rs. 27,490


Direct Drive, 1200 RPM




LG FHP1209Z5M


Fully automatic front-load


9 kg


Rs. 42,990


AI Direct Drive, Steam, ThinQ Wi-Fi




Disclaimer: Each model's features, availability, and pricing are subject to change and may vary. For the most accurate and up-to-date information, please visit the official website.
Limited time offers on washing machines
With EMIs starting as low as Rs. 1,208 per month, upgrading to the latest LG washing machine has never been more affordable this season.
Terms and conditions apply. Check with your store for details.
What are my financing options to buy a washing machine on EMI?
You can finance almost any washing machine in this guide. Bajaj Finance offers two ways to do this:




Financing option


Loan limit


Tenure


Best for




Insta EMI Card


Up to Rs. 3 lakh


3 to 60 months


Buying across categories over time




Easy EMI Loan


Up to Rs. 5 lakh, basic KYC


3 to 60 months


A single higher-value purchase




How to buy an LG washing machine at the nearest Bajaj Finance partner store?
Buying an LG washing machine with Bajaj Finance's in-store financing options is simple and convenient. The process usually takes just 10&ndash;15 minutes at the store. Follow these steps:

Browse LG washing machines on Bajaj Mall: Compare models based on washing capacity, fully automatic or semi-automatic operation, inverter technology, wash programmes, energy efficiency, smart features, and price before visiting a store.
Find a partner store: Visit a nearby Reliance Digital, Croma, Vijay Sales, or any Bajaj Finance partner store.
Check the washing machine in person: Ask the store executive to demonstrate the drum design, wash programmes, spin speed, energy-saving features, smart controls, and build quality across different LG washing machine models.
Choose your EMI option: Enquire about the Insta EMI Card or Easy EMI Loan and check available repayment tenures and zero down payment offers on select LG washing machines.
Complete your purchase: Once financing is approved, you can take your washing machine home or schedule delivery and installation.

Explore the latest range of LG washing machines on Bajaj Mall and visit your nearest Bajaj Finance partner store to bring home a washing machine that matches your laundry needs, family size, and budget with flexible EMI options.
Disclaimer:The information provided on the Website does not constitute investment advice, financial advice, trading advice, or any other form of advice, and you should not interpret any of the financial content as such. Please conduct your own due diligence and consult with a financial advisor before making any investment decisions. Midday does not endorse or promote any such activities, and you access them at your own risk, fully understanding the monetary and legal consequences involved. Midday shall not be held responsible for any losses you may incur as a result of using any such apps or websites. 

What Makes an LG Washing Machine Worth Buying for Your Indian Home in 2026?

Chandukaka Saraf, a renowned jewellery brand with a legacy dating back to 1827, has expanded its presence with the inauguration of two new jewellery showrooms in Chakan on 11 October 2026 and Talegaon Dabhade on 12 October 2026. The expansion brings the brand&rsquo;s heritage, craftsmanship and diverse gold and diamond jewellery collections closer to customers in these growing regions.
For generations, Chandukaka Saraf has been associated with trust, quality and new designs which customer appreciate. Combining traditional craftsmanship with evolving design preferences, the brand offers an extensive range of gold, diamond,&nbsp; lightweight, bridal and traditional jewellery collections for weddings, festivals and special occasions.
The new showrooms reflect the brand&rsquo;s continued expansion across Maharashtra and its commitment to providing customers with a memorable jewellery shopping experience with now 21 overall stores presence across Maharashtra and Karnataka.
Exciting Offers and Inauguration Celebrations
On showroom launches, customers can explore attractive jewellery offers, including&nbsp; flat 6.99&#37 making charges on gold jewellery and 0&#37 making charges on diamond jewellery , subject to applicable terms and conditions.
The inaugurations also featured a special Diamond Ring Contest, with one winner announced at each showroom. The contest added excitement to the celebrations, making the launch memorable for customers.
As part of separate promotional campaigns, customers can also participate in opportunities to win exciting rewards, including a mobile phone, Jupiter scooter, Tata Tiago car, Bullet motorcycle and gift vouchers, subject to the applicable terms and conditions.
Celebrating Diwali and Meaningful Relationships
Through its Rishton Ka Tyohar campaign, Chandukaka Saraf celebrates the spirit of Diwali, togetherness and meaningful relationships. The campaign features&nbsp; 200 exciting gifts and other rewards , giving customers more reasons to celebrate the festive season with the brand. Applicable terms and conditions apply.Commitment to Community Welfare and Environmental Sustainability

Beyond business expansion, Chandukaka Saraf remains committed to social responsibility and environmental sustainability.
In Talegaon Dabhade, the brand partnered with the Municipal Council under its Swachh Survekshan, Swachh Talegaon Dabhade and Majhi Vasundhara initiatives to promote a greener city.where in 20000+, cloth bags are being distributed to encourage residents to reduce plastic usage. and supports the community&rsquo;s efforts towards environmental conservation.
In Chakan, Chandukaka Saraf supported PK Special Children School by donating essential daily-use supplies, cupboards and water purifiers. These initiatives reflect the brand&rsquo;s commitment to community welfare and creating a positive impact beyond business.
A Vision for Growth and Customer Relationships
Commenting on the expansion,&nbsp; Samyak Kishorkumar Shah, Managing Director of Chandukaka Saraf , said, &ldquo;Our journey of nearly 200 years has been built on customer trust and our commitment to preserving Indian jewellery traditions. The opening of our new showrooms in Chakan and Talegaon Dabhade marks another important milestone. We look forward to welcoming more customers and offering memorable jewellery shopping experiences that bring together heritage, craftsmanship and evolving design preferences.&rdquo;
With its new showrooms, customer-focused initiatives and commitment to community welfare, Chandukaka Saraf continues to strengthen its presence across Maharashtra while upholding the values of trust, tradition and craftsmanship that have defined its journey.
Customers are invited to visit the new showrooms in Chakan and Talegaon Dabhade to explore the brand&rsquo;s gold, diamond, bridal and traditional jewellery collections.
For enquiries:&nbsp; 1800 267 8555
Website:www.chandukakasaraf.in
Chandukaka Saraf - 200 Years of Trust, Tradition and Timeless Elegance.

Chandukaka Saraf Expands Its Legacy with New Jewellery Showrooms in Chakan and Talegaon Dabhade

Yami Gautam Dhar will feature across Leysha&rsquo;s 360-degree communication, including television, OTT, cinema, outdoor, digital and social media, as well as events and product launches.
Leysha Basmati Rice, part of SSIEL Group, has announced National Award-winning actress Yami Gautam Dhar as its brand ambassador. Yami will be the face of Leysha&rsquo;s upcoming communication, bringing to life the brand's philosophy, 'Cook Brilliance Today'.
At the heart of Leysha Basmati Rice is a simple belief: brilliance is not reserved for grand occasions. It lives everyday, in the care behind a meal and the quality of what goes into it. Rice sits at the centre of the Indian kitchen, from everyday rajma chawal and dal-chawal to kheer and festive biryani, Leysha believes the right grain can turn an ordinary meal into a memorable one.
Yami Gautam Dhar is a natural fit for this belief. Her association with Leysha Basmati rice began with a personal exploration of what makes basmati rice truly special. Curious about the qualities that distinguish one variety from another, she explored different options and experienced them first-hand through tasting. It was Leysha&rsquo;s distinctive aroma that particularly caught her attention. The fragrance, which is an integral part of the basmati experience, stood out to her even before the first bite, bringing alive the anticipation of a freshly prepared meal. Along with the rice&rsquo;s quality and taste, this experience shaped her appreciation for Leysha, making the association a personal choice rather than simply a brand endorsement.
Commenting on the association, National Award-winning actress Yami Gautam Dhar said, &ldquo;I believe brilliance lies in the small, thoughtful choices we make every day. In cooking, the quality of ingredients can transform an everyday meal into something memorable. Rice is an integral part of every Indian household, and I&rsquo;m happy to be associated with Leysha in bringing the idea of everyday brilliance to homes across India.&rdquo;
Aman Gupta, Managing Director, SSIEL Group, Leysha Basmati Rice, said, "Yami Gautam Dhar brings together a contemporary outlook and a deep connection to the warmth and traditions of Indian families. That balance matters to us, because Indian food has evolved with us while staying rooted in our culture. Rice is at the heart of countless food memories, and Leysha's promise is to bring brilliance to every one of them, in every grain. With Yami, we see an opportunity to celebrate that in a way that feels fresh, relevant and truly today."
Yami Gautam Dhar will be the face of Leysha&rsquo;s 360-degree communication across television, OTT, cinema, outdoor, digital and social media, and will be actively involved in key brand initiatives including product launches and consumer events.
About Leysha
Leysha is a premium rice brand from Shiv Shakti Integlobe Exports Pvt. Ltd. (SSIEL), a leading Indian basmati rice exporter with a presence in over 70 countries. With its entry into the Indian market, Leysha is expanding its reach across retail, modern trade, e-commerce, the hotel industry, institutional and government channels, catering to diverse consumer needs and price points. The company's operations are supported by stringent quality checks, internationally aligned systems and certifications including BRCGS, ISO, HACCP, FSSC, USFDA, Kosher and Halal. Backed by decades of experience in the rice industry, SSIEL is committed to delivering consistent quality and building lasting trust across markets.

National Award-Winning Actress Yami Gautam Dhar Join Hands with Leysha Basmati Rice as Brand Ambassador

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The Role of Savings Accounts in Retirement Planning The Role of Savings Accounts in Retirement Planning

The Role of Savings Accounts in Retirement Planning The Role of Savings Accounts in Retirement Planning

Meenal Jain Creates History as First Woman Chairperson from JITO Mumbai Chapters Midtown

What Makes an LG Washing Machine Worth Buying for Your Indian Home in 2026?

Chandukaka Saraf Expands Its Legacy with New Jewellery Showrooms in Chakan and Talegaon Dabhade

National Award-Winning Actress Yami Gautam Dhar Join Hands with Leysha Basmati Rice as Brand Ambassador