DNA is a very stable molecule. The most common source of accelerated degradation is nuclease contamination. Most of bacterial agents can produce nuclease that can digest your DNA. Make sure that the samples are stored under sterilized conditions and in a fast frozen machine. Do not keep your sample at room temperature for long periods, that will reduce bacterial activity if present.
That depends greatly on the extraction protocol that you're using. if you are using a commercial kit, you should not have problems of degradation, provided that stores the DNA correctly (at -20°C can be store for years). If you use a conventional extraction procedure (like phenol/chloroform) and you know, in advance that you want store the DNA during a short period (without freezing), is more appropriate interrupt the isolation in the precipitation step. The DNA can be stored in ethanol for several months even at 4°C without risk of degradation.
Thanks all for your kind suggestions ......I am storing my DNA in TE buffer only.....and I am using salting method for DNA isolation......I get good bands the same day but if i perform gel electrophoresis next day I get smearing.....As Ruth Nicholas said if I do it fresh I get good bands but not PCR.
Along with many plausible reason explained above, one reason could be the precipitation of salt during your final precipitation. If you are using chilled Isopropanol, it may give a higher salt precipitation which could be reduced by using it at room temperature.