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  1. R

    Selecting a bank account and advantages /disadvantages of the same

    @blue123 With NACH, you setup a mandate, and the funds will be auto debited from your account on the SIP date. So if you don't have the necessary funds, it could lead to a penalty from the bank. With NEFT, you transfer the funds yourself to the fund house.
  2. R

    Selecting a bank account and advantages /disadvantages of the same

    @premier3092 Yeah, I'm doing something similar. Currently I do my investments through niyomoney. They give the option to either have an NACH, or do manual investments on the SIP days. The manual investments can be either through UPI, or net banking, via their app or website. I can even skip a...
  3. R

    Selecting a bank account and advantages /disadvantages of the same

    @blue123 Go for SBI; there are no minimum balance requirements. Just ensure the funds for SIP are there, if you are setting up NACH for.
  4. R

    Should we hold cash, or until when?

    @roadtrippin69 FD interest is taxable in the year it is accrued.
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