Archive · 5 Aug 2026
Cash Optimisation Apps Put Surplus Cash to Work
Some smartphone apps help you save money without you having to do much.
When you have extra cash in your bank account, these apps move it into special savings plans that can earn more interest.
Ordinary savings accounts only give back about 2.5% to 3%, and that money can actually lose value over time because prices of things keep going up.
The apps send your spare money to liquid funds or fixed deposits, which can earn around 6% to 6.5% right now.
Liquid funds are like a safe pool that invests in very short-term things that mature in less than 91 days.
You can usually get your money back quickly when you need it.
If you shop at certain stores through the app, you can get discounts of 2% to 7% on what you buy.
You may have to pay a tiny fee if you take your money out during the first six days.
Apps like Multipl, Nippon India's Simply Save, Bachatt, and Jupiter do all of this automatically.
Cash optimisation apps automatically route surplus cash into liquid mutual funds or fixed deposits to earn higher returns than standard savings accounts.
Traditional savings accounts pay only about 2.5% to 3%, which the article says causes money to lose real value against inflation.
Liquid funds currently generate annualised returns of around 6% to 6.5% by investing in high-grade money market instruments maturing in under 91 days.
Shopping through partner merchants on these apps instantly redeems liquid fund money and unlocks merchant vouchers worth 2% to 7% savings.
Liquid funds charge a sliding exit fee on withdrawals in the first six days, while overnight funds carry zero exit fees from day one.
- Who
- Fintech platforms and mutual fund distributors offering cash optimisation apps, including Multipl, Nippon India's Simply Save, Bachatt, and Jupiter, along with savers using these apps.
- What
- Cash optimisation and management apps that automatically move surplus cash into liquid mutual funds or fixed deposits to generate higher yields.
- When
- Not specified in the articles.
- Where
- Not specified in the articles.
- Why
- Because keeping surplus cash in a traditional savings account earning 2.5% to 3% causes money to lose real value against inflation.
App convenience and perks
Fees and transparency
Convenience vs. hidden costs
App convenience and perks
Cash optimisation apps offer a seamless digital experience, automatic allocation of surplus cash, and brand discounts and cashbacks, making saving and earning higher returns effortless.
Fees and transparency
Apps such as Multipl invest through regular plans with higher expense ratios (0.20% to 0.50%) to cover distributor commissions, and actual liquid fund returns are rarely stated upfront, so users must calculate yields manually.
Automation vs. investor control
App convenience and perks
Algorithms automatically allocate surplus money to partner asset management companies and banks, removing the need for users to select funds or time their investments.
Fees and transparency
Users do not choose the specific banks or funds their money goes into, and liquid funds also carry sliding exit fees on withdrawals made within the first six days.
- Traditional savings account yield
- About 2.5% to 3% annually
- Current liquid fund returns
- Around 6% to 6.5% annualised
- Liquid fund holdings
- High-grade money market instruments maturing in under 91 days
- Liquid fund exit fee
- Slides from 0.0070% on day one to 0.0045% by day six; free from day seven
- Overnight fund exit fee
- Zero from day one
- Merchant voucher savings
- 2% to 7% per transaction
- Plan expense ratios
- Direct plans 0.15% to 0.25%; regular plans 0.20% to 0.50%
- Taxation of debt fund returns
- Taxed at income tax slab rate regardless of holding period