personal finance in india

I am writing about what will happen when people invest surplus, undeclared profits( over 50% @burning___bush 44ADA or over 8% @burning___bush 44AD) and who were sent a notice for the same. I am attaching a case law sheet on this topic at the end. The reason this is important for personal finance...

I am currently working in public sector bank. It provides homeloan facility at 7% simple interest. I am planning to buy a house for renting purposes. It is right decision or not.

My risk appetite is ZERO. I am 25, and I earn 40K a month, have my own house with no other debts. Anything else I can invest in apart from FD? Thanks.

Hey all, As the title says, I’m new to the world of investing and recently created an account on Groww. I’ve invested in a few mutual funds and about an hour ago I receive a eCAS from that email ID. Is that legit or is it a scam? I’ve Never received a mail from that ID. I’ve already clicked on...

Hi long time lurker here .I 21(M) am from South india.I got placed in a top tier MNC.I currently will recieve 50 k for intern stipend and 1 L for the full time.But the increment may not be good from what I hear from seniors.i also get a stock component worth around 20k usd(vested 25% annually).I...

Someone here lost a great deal of money to a scam. Which prompted me to write this post and share links to the common scams which are on the internet that simple folks may fall prey to, by just being unaware, or basically just greed for bigger better faster more. If you want your money to grow...

Hey everyone, I've got a tale to tell, and I need your expertise. I'm a 24-year-old hustling in SaaS Sales for a fanous bengaluru fintech startup, bringing in 12L fixed and 4L variable, with ₹85k landing in my bank account each month. Here's my journey so far: acing high school PCM, conquering...

Hi Folks, I have found Reddit and this sub recently. Hope you guys can help me out. I don't know if we are not supposed to share values of investment but I have written down the amount I have invested. To give you guys some background I am 25 years of age. I passed out from college in Mar 2017...

I work as a Senior AI scientist in one of biggest IT firm with 50+lpa INR yearly package which is quite high for an Indian. However, now I am not motivated anymore. It’s mostly implementation that I have to do and very little research as top research in the field is done only in 2-3 firms which...

Hi Everyone, I need your kind advice (33 M). I am planning to start my investment journey now. Due to certain personal and family commitments - till date I could only save about 10 L overall, which is woefully low considering the investment / savings amount which I have seen folks post in this...

So, story time- I (26F) come from a middle class family with my past being mostly tumultuous financially due to my father’s poor financial decisions, which continued until I passed out of college. The only thing that kept us alive and steady was my mother’s teaching job of 35k and our...

I am an Indian living in the USA. I have general savings accounts in India which I am planning to get converted to NRO accounts. However, I have a few questions: I read that the money in NRO account will be taxed. Is this true? OR just the income will be taxed? How will GOI know my income...

We have 5lakhs in hand which needed to be invested as we don't have any need to spend it right now but within 6 months we have to take and use it for a upcoming family function. Due to short period I don't think FD and RD not appropriate hence we require your guidance for good investing option...

So I(18f) have saved around 6000 inr. I come from a middle class family so I want to start learning more about finances. I have saved all this money and i want to invest some of it just for the sake of learning how to invest money. How should I start?

As the title says, are there other people working on getting rid of debt? It can be personal loans, education loans, home or car loans. I was laid off from my job last year and realised how bad my situation is, so I started working on getting rid of it. There’s no Indian community for debt...

25M recently graduated doctor here. Expecting my posting soon and currently preparing for PG entrances meanwhile. I have absolutely zero idea about personal financing, investing etc etc. Someone please guide me from A to Z as to what i have to do, what resources to learn from etc. I feel that...

Good morning, everyone! Let's kick off today with the latest updates. Our first piece of news hails from the Adani Group, where a subsidiary has successfully secured an order from the Solar Energy Corp. for an electrolyser manufacturing unit. This falls under the production-linked incentive...

Following my yesterday's post, I am planning to make a beginner's guide in personal finance, I created this personal finance visual guide. Looking for feedback, suggestions, and/or interest (whether you'd be interested knowing details on How tos of each node)?

I am 31, married, working, Bangalore, Net Take home Rs. 69700 pm. Due to various reasons like COVID, Marriage of siblings, parents hospital expenses and increased cost of living, i have a total debt of Rs. 15.75 Lakhs from various sources like SBI Bank and Online Portals like Mobikwik, Cred...

I am currently 19 y/o. My dad has given me approximately 7.5 lakhs to invest. I had already invested in companies like ioc, Chennai petroleum and idfc first bank. Any other suggestions where should Invest this money in? I am fine with SIPs in MFs as well for long term. Thank you so much.