Sqrrl Away as the name indicates is designed to help you round up your expenses and invest the spare change automatically or you can also invest on an ad-hoc basis whenever you have some extra cash. Sqrrl Away can be considered as an emergency fund or as a savings account with better returns and you can start with as little as Rs. 100 and then invest as less as Re. 1.
Having an emergency fund is a must as life is unpredictable. More than 55% of all Indians have less than Rs. 5,000 in their savings account or emergency fund. Better start investing early and avoid falling in this category.