Determine the amount you need for your emergency fund. Generally its 6 months of your salary or monthly expenditure

Instead of storing the money in a savings account, invest it in short-term fixed deposits or liquid mutual funds for some returns!

Consider investing into insurance. This will create an additional protection for you and your family in times of accidents and emergencies.

Exercise discipline and use the funds deposited only when you find yourself in emergencies and acutely in need of funds.

 Investing into debt mutual funds is a great way to grow funds saved for emergencies.