Where to park emergency funds?

It is not necessary to keep emergency fund in savings account from easy accessibility perspective. One should keep emergency funds in such instruments, which can be accessed urgently like overnight/liquid mutual funds or fixed deposit linked with savings account. Another important aspect is that family members should know where emergency funds are invested and how to access it. If you are investing emergency funds in bank account or liquid mutual funds, ensure you have multiple joint holders where anyone can cash in such investments.