personal finance in india

A lawyer was saying not to buy real estate in a location which is not close to you. Due to the issues of land grabbing in india. Thoughts?

So I did a blunder recently, all because of my negligence. I have two credit cards, ones due date is 4th and the others 16th . I confused them with being 6th and 14th, as a result I made payment of one card two days later and one payment 2 days earlier . Now I applied for a small loan from a...

36 m (recently married ) My take home is around 2 L p.m and wife's around 1 L ( No liability or loan ) but yes I keep helping both the families whenever needed and will keep doing so. We stay in a flat with rent of around 50k p.m Combined savings of 60L till date ( including liquid cash +...

Hey folks, Seeking advice on how to structure my finances better for the times to come. A little background: I (22M) come from a lower middle class family, dad used to work in a PSU, never traveled to fancy places, never wore fancy clothes, but he and mom together gave me and my sister the...

a. Axis myzone: 1. 4 complimentary lounge stay. (1 per quaterl 2. Buy 1 get 1 movie tickets via paytm 3. Free SonyLiv worth 999Rs. And much more. Click the link below to apply for it. https://secure.traqkarr.com/click?pid=282&offer_id=1251&sub1=IMSGAXIMZ282 b. Sbi Cashback: 1. 5% off on every...

UPDATE ON THE SITUATION: One Person in the comments gave alink to ROI pdf for SBI,showed the same to bank.They were acting like they dont know abt it.Later in the day Manager called me and said he will make sure the ROI is 8.6.!!!!!! Thanks Guys.I love reddit people. ORIGINAL POST : Salaried...

I am not sure if this is the right place to ask but I really need some inputs on this one. I have zero idea on shares and how they work. I found a letter kinda document with details about my father’s e-voting for his shares in Reliance. We have no knowledge if he had shares elsewhere or the...

So SGBs have been announced at the rate of Rs 6213/g. Is this the right time to buy? And if yes, what do you suggest? How much should i buy? For context, I have started investing in MFs this month onwards. I will be investing 15k in 4 funds and have also started 2 RDs worth 25k per month. I am...

Hello All, I am 28 years old and I have been working as a software engineer since past 4 years. I have a very good salary and when I see online that people with similar income as mine have way more savings, it gives me financial anxiety. I am sharing a rough look at my income progress, major...

Im considering transfering my oustanding home loan (30L) from SBI MaxGain to something similar in another bank. This is to reduce my EMI and increase loan tenure. Ive been going to banks all over town asking for their rates, services and MaxGain like features. So far I've got Citibank...

https://12ft.io/proxy?q=https%3A%2F%2Fwww.livemint.com%2Fopinion%2Fcolumns%2Fsips-are-a-hit-congratulations-now-here-s-the-bad-news%2Famp-11698129281179.html

I want to open a Zero Balance Bank Account. I tried doing some research but would like you to give me your best suggestions, advice, recommendations on it. Here are my requirements for zero balance account: ✓ Bank is licensed and regulated by the Reserve Bank of India (RBI) for safety and...

There are so many financial influencers on social media these days. May I know from your experience which ones are good or worth listening to? Also if there are category wise influencers (e.g. stocks, real estate, mutual funds etc.)?

I 6.0have seen a massive number of posts in Indian market subs (personalfinanceind/ indianstreetbets/ indiainvestments /CreditcardsIndia), so here is a master list that should cover 99.99% of use cases. Before we begin, some data to help you gauge returns. (These returns are all point-to-point...

I'm posting on behalf of my acquaintance (41 F ), she's divorced and live with her 14 yr old daughter. She moved out of a toxic marriage with 0 Alimony. Now she's earning 30K-35K P.M. and her expenses are around 20K. She has savings of around 4 Lakh and 5.5 L to 6L worth of gold. Currently...

So I basically slept through the whole year and just realised that I hadn’t maxed out my 80C by 80K. https://bashify.io/i/22AW7A I just did an 80k lump sum into an ELSS today but later got to know that market is closed tomorrow and will only open in April i.e next FY. I need to know if this...

Here's a comprehensive breakdown of how I achieved my 1 crore net worth milestone: Investment Breakdown: 1. Indian Stocks: 27.15 Lakhs 2. US Stocks: 0.45 Lakhs 3. Mutual Funds: 41.48 Lakhs 4. EPF: 23.88 Lakhs 5. ESOPs / RSU (Vested): 10.35 Lakhs 6. In Bank: 2.0 Lakhs About me: I'm a...

Considering, Monthly SIP = 3,50,000 Period = 15 yrs Step Up = 10% CAGR = 12% Without adjusting for inflation: NW in 15 yrs = 30 Cr While adjusting for inflation using calculator above: Which probably use a real return = (1+CAGR)/(1+inflation) - 1 NW in 15 yrs: 15 Cr So basically it halved...

Hello everyone. I am earning 15LPA and consequently paying a huge amount of sum in taxes. Would it be wise to buy a flat for rental income and tax benefits ? Conditions : I don’t own a house presently. I have an offer for flat at 30L(negotiable) with earning rental of approx 12-13 K pm. I...

Hi, so I’m a 27 y/o, single and planning to marry in the next 4-5 years. Earning about 1L/ month from my business. I’m planning to get a term insurance of 1 CR till I’m 85 y/o. For that I’m required to pay around 6.8L in 10 years. I was having a word regarding that and my mother suggested to...