Is it okay let 10 lacs lie in bank account ?

People advice you should not keep too much money in your bank account, bank account interests does not beat inflation, so invest all money in some safe space that gives at least 8 percent interest rate on your money.

On the other hand I feel liquidity gives you a state of luxury and satisfaction that you have this much money at disposal right way, which also leads to unnecessary expenses..

What’s your take on this ?