MISCONF Redis is configured to save RDB snapshots, but is currently not able to persist on disk

This error occurs because of BGSAVE being failed. During BGSAVE, Redis forks a child process to save the data on disk. Although exact reason for failure of BGSAVE can be checked from logs (usually at /var/log/redis/redis-server.log on linux machines) but a lot of the times BGAVE fails because the fork can't allocate memory.