Think back to when you were a child and first introduced to a piggy bank. You'd dutifully save every rupee you received.
The piggy bank helped achieve two purposes—save to buy the things you wanted and prevented you from spending your hard-earned money on less important things. But you were probably too young to understand the concept of inflation and time value of money. What you probably didn't realise was that while you were collecting all those coins, the cost of everything around you was rising. And the money in the piggy bank wasn't growing on its own.
The first episode of BQ Money Workout explains what happens when all your money lies idle in a savings bank account. Watch the full show to know how to make the best use of your money.
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