Emergency Fund Calculation: How much money should you set aside if monthly expenses are Rs 40,000, Rs 75,000 or Rs 1 lakh?

Financial planners said that keeping enough money to cover three to six months of necessary expenses is a good starting point. For monthly expenses of Rs 40,000, Rs 75,000 or Rs 1 lakh, you should set aside between Rs 1.2 lakh and Rs 6 lakh to handle any sudden emergency.