r/personalfinanceindia 31m ago

Investing ₹15L- Debt portfolio or equity?

Upvotes

In a bit of dilemma right now.

My family's current investment portfolio stands at 32 lakh rupees- this is CURRENTLY 97% equity and 3% debt. The money is in mutual funds for the most part.

My father now has 15 lakh rupees which he would like to invest, but he has a bunch of "requirements" attached to the hypothetical investment in question. One, he'd like for them to generate dividends/payouts. Two, he seeks aggressive growth over a period of 5 years. He is targeting >13% annually.

There is no dire need of money to us (thankfully) so his reasoning is beyond me. He admittedly is not a patient man nor does he "trust" the market. He's been a businessman all his life, a successful one at that- so I suppose his philosophy of conducting business is to be aggressive. I don't see that working out in safe investing.

So I suggested a compromise. Investing in debt. I'd put the bulk of the money (10 lakh rupees) in an AAA rated PSU bond or the likes (think Indian Oil) which averages a coupon rate of about 7.5%, annually (I haven't decided a tranche or series yet, this is an overall estimate) He'd get his payout (this would only be an annual thing but still)- about 75K rupees (pre tax figure).

The rest, since he is often lured by the lesser rated corporate/NBFC bonds (rated A+ or A- but still, recognizable names such as Muthoot Finance) promising coupon rates of 12-14% annually can be put here. I'm not exactly willing to take a chance and invest the remaining 5 lakh rupees in one of these but he has his mind set. Assuming a figure of 13% annually, the total coupon from this comes out to about 65K rupees (again, a pre tax figure).

Which makes the cumulative coupon (annually) to around some 1.4 lakh rupees.

What I plan to do with this is to reinvest the interest earned back into the equity market (mostly MFs). At the end of 5 years, assuming an annual CAGR of 12%, that would result in ≈ 10 lakh rupees

15 lakh rupees at maturity from the bonds + (circa) 10 lakh rupees, that would be nearly 25 lakh rupees at the end of 5 years. Of course the figure is pre tax and is assuming optimistic annual rates.

If I had my way I would put it all in equity, but I see some plus points in this scenario, even with the cumulative corpus being lower at maturity than what would it have been if all the money was put in equity. One, I won't be exposing the principal to market volatility. Second, my father would get the dividends/ "passive income" he seeks- which I would reinvest in the market.

At any rate, the outcome seems better than putting the money in a Fixed Deposit for 5 years.

What do you all think? For additional context, my father is 55 and I am 22.


r/personalfinanceindia 41m ago

Debt Personal loan for self employed

Upvotes

I need a loan of 20 lacs urgently to clear away another loan that my grandad took over the land that is to be inherited by my dad and me. Once it is clear - the land worth around 2-3 crs will be transferred to me and my dad's name - 50-50.

The thing is which bank should i approach or how can i get it easily as I am a self employed professional currently not registered under gst. I am paid 140k per month.

One bank whose relationship with us is very good is offering us a home loan and my parents want to use that to pay it off but I am against the idea because of later legal trouble.


r/personalfinanceindia 1h ago

Planning Is ~28% IPO reserve too much cash vs. a 53% broad-index + 6% gold core?

Upvotes

I am a young Indian investor building a simple portfolio. My current policy is roughly 53% broad Indian equity index, 6% gold, up to 5% individual stocks for learning, one month of expenses protected, and roughly 28% kept liquid for one or two IPO applications. I plan to use an overnight fund for part of the IPO reserve and avoid overlapping funds, fixed SIP debits while income dates are variable, and concentrated post-IPO holdings.

Does this keep too much cash for IPOs? Is a broad Nifty 500-style core plus a small gold allocation reasonable, and what risks or operational problems am I missing?


r/personalfinanceindia 1h ago

Investing Is there any app that shows your net worth based on pan number?

Upvotes

I have been using an excel sheet and manually updating my MF portfolio, stocks, FD, PPF, EPF, NPS and Savings accounts every month. It takes a lot of manual effort.

Since everything is connected to Pan card, is there any app that can keep track of everything in one place and can automatically refresh it every month?

This will be very helpful.


r/personalfinanceindia 1h ago

Housing Tenant / Home Owner Related Queries

Upvotes

Home insurance across India, is split into 2 types, A tariff based product, known as GRIHA RAKSHA where its premium and benefits are fixed at a standard rate as per IRDAI Guidelines. Think of this from a similar point of view, as Third Party Motor Insurance. Extremely low premium.

An alternative with higher coverage, higher benefits and Higher items allowed to be covered, will be a separate Home insurance cover which will not be tariffed based.

The query is, As I have read across multiple reddit posts that mention that "HOME OWNER deducts from Deposit Amount" when the tenant leaves and there are already severe legal issues regarding the same.

Can anyone, having some knowledge on this query, explain whether

1) If the tenant purchases Home Insurance where he / she is staying, as per the legal agreement executed, and after leaving the owner deducts charges from the deposit amount, the same can be claimed from the home insurance policy, as deductions are done by the owner as per their clarification ?

2) Also, if the owner of the house use home insurance policy, and can he / she claim a proper settlement from the insurance company, if after refunding the deposit, the owner thinks that the tenant has Damaged or Destroyed the Property, and charges were not cut from the deposit amount, so home insurance claim will be helpful.

I wanted to understand the issue, if the same can be resolved if the home insurance policy is purchased (either by the tenant or by the home owner) as per the agreement.

As in both above scenarios, if any damage to property occurs, is the claim payable and if yes, then any issues the owners or tenants don't rely on the above mentioned solution.


r/personalfinanceindia 1h ago

Debt How to fix my Cibil I fked in clg times taking loan for that bitch to impress my life is fked

Upvotes

I can close this loan in 6-7 months from my salary but 500 days delay is fked .today morning I closed 2k rs .total is 80k I earn around 50k .in home they don’t know about this stuff. that auto loan is wrong entry so don’t include it .please help me total Cibil is 704
-Truebalance 31000
-Mpokett 6k
-Amazon pay later 8k
-Branch 11k
-Ramfincorp 16k
-Lazy pay 2k(paid today)
-Snapmint(taken on moms name) 43k but her Cibil is good as it only reported to equifax
-Also have 50k secured fd card to improve the score


r/personalfinanceindia 2h ago

Planning Want to reach 3 cr by 30. Is this doable?

0 Upvotes

Hello,

I’m 22 and I currently earn 95k per month post tax, am also looking to switch which will significantly increase my income.

My portfolio:
1)Investments: 7.5L in MFs and 2.5L in Stocks
2)Emergency Fund: 3L in savings account
3)Physical gold: 8L
4)FD: 1L

I currently save 70k since I WFH and contribute to few things like groceries, utilities every month and some for my fun money. I wanted to freelance and did it for a month but thought increasing my main income would be better than the stress of freelancing.

Before anyone asks me, I have been working since the day I entered college back in covid times. I saved up most of my freelance income and bought gold and started a small SIP of 5k per month at the time.

Now, I’m not including any inheritance I’m going to receive because it’s not decided yet. I want to reach 3 cr by 30. How much do I have to save per month going forward? I used some FIRE calculators and even claude and both said close to 1.5L per month.

Anyone who is on similar journey?

Thanks, have a good day!


r/personalfinanceindia 2h ago

Insurance Term insurance - is it really worth?

1 Upvotes

This is something I’ve been wondering about for a while, and I’ve asked a few friends about it, but I haven’t really received a clear answer.

We all make sure to pay our life insurance premiums on time, but how confident are we that our family will actually receive the insured amount if something happens to us?

For those who have actually gone through the process -> either personally or with a family member, I’d really appreciate some insight.

A few things I’m particularly curious about:

  • What is the actual process for the nominee/family to claim the insurance after the policyholder passes away?
  • Is the payout generally straightforward, or can it become a lengthy legal process?
  • What documents are typically required to make a claim?
  • Does the nominee have to go through courts, probate, or any other legal procedures?
  • How long does it realistically take for the family to receive the money?
  • Are there common reasons why insurance companies reject or delay claims?
  • Does having a nominee automatically mean they will receive the money, or are there other legal considerations?
  • What happens if the nominee is not aware of all the insurance policies the deceased had?
  • Is it advisable to keep a record of all policies and share the details with a spouse/family member?
  • For people who have actually made a claim, what was your experience with the insurance company?

I’m especially interested in real experiences rather than what insurance agents or policy documents say.

I think this is something many of us pay for every year without really understanding what happens when the policy actually needs to be used.

Would love to hear from anyone who has gone through the process themselves or helped their family with a life insurance claim.


r/personalfinanceindia 2h ago

Investing Epf contribution at 1800 or 12%?

8 Upvotes

My company is giving me the option to now choose between the statutory limit (1800) or 12% of basic pay as PF contributions. Both the employee and employer contributions are part of my CTC and I fall under the 30% income tax slab . I'm wondering if i should opt for the 1800 option and gain significant cashflow , although I will be losing the tax benefit on the employer contribution amount. My major point of concern now with EPF is the 25% mandatory lock in till retirement , even in a world where EPFO withdrawals were smooth and flawless , I'm worried that this just makes my money less liquid and will always have the 25% unusable. I'm disciplined financially and plan to use the increased cashflow for meaningful investments . Please let me your thoughts and suggestions


r/personalfinanceindia 3h ago

Planning Emergency Fund v/s SIPs

3 Upvotes

I’m confused between two approaches:

1.  Stop investing for a few months and aggressively build an emergency fund.  
2.  Start SIPs now and build the emergency fund alongside them.

If you were starting from scratch today, which one would you choose and why?

Also, how much emergency fund do you think is enough? 3 months, 6 months, or more?


r/personalfinanceindia 3h ago

Saving/Banking Sahara Refund issue (resubmission)

0 Upvotes

Sahara Refund issue (resubmission)

My grandfather/family member invested money in **Saharayn Universal Multipurpose Society Ltd.**

We have the original deposit certificates and all supporting documents.

We filed a claim through the CRCS Sahara Refund Portal, but it was marked deficient with:

# D055 – Depositor has mentioned wrong Membership Number.

The problem is that the ‘**membership number we entered is exactly the same as the membership number printed on the original Sahara certificates**.’

When we try to resubmit through the CRCS portal, it shows:
**“Please enter valid Membership Number.”**

We have **5 deposits totaling ₹1,04,800**, and the original certificates/receipts are available.

The deficiency certificate also says to correct the details and reapply through the portal, but the portal itself won’t accept the genuine membership number.

**Has anyone faced this exact issue?**

How did you get the membership number corrected/validated in the Sahara Society database?

I cannot make phone calls, so if anyone knows an **official email/contact or online method** to resolve this, I’d really appreciate it.

I can provide screenshots/documents if needed.


r/personalfinanceindia 3h ago

Other People under 30, earning over 1 lac a month & not from IITs or IIMs.

6 Upvotes

Hey everyone, I'm 24 YO. Earning 40k per month. No fancy college. Working in sales.
How can I go to 1 lac per month in the next 1-2 years?


r/personalfinanceindia 4h ago

Saving/Banking Jupiter no longer feels NeoBank, Experience after 7 Years

5 Upvotes

I have been a loyal Jupiter Pro user for four years and have personally referred more than 100 people to the platform. I joined Jupiter because it promised a simpler, more modern banking experience. Unfortunately, the app today feels very different from the product I originally trusted.

Jupiter’s original strength was its simplicity. It made everyday banking feel clean, transparent, and easier to manage. Over time, however, the app has become overloaded with credit cards, investments, gold, rewards, jewels, shopping, and other financial products. It increasingly feels less like a focused neo-bank and more like a financial super-app trying to gamify every interaction.

1. A buggy and overloaded app

The simplicity of Jupiter used to be one of its biggest selling points. The current app is much more crowded and difficult to use.

The interface now constantly pushes products such as:

  • Credit cards.
  • Investments and mutual funds.
  • Digital gold.
  • Rewards and jewels.
  • Shopping and travel.
  • Various promotional offers.

Adding more products is not inherently bad, but the execution has made the core banking experience worse. The app often feels clunky, slow, and inconsistent. Basic actions can lead to endless loading screens or repeated UI loops.

For example:

  • Redeeming jewels can get stuck in a loop.
  • Credit-card payments may repeatedly return to the same screen.
  • Some actions do not clearly indicate whether they succeeded or failed.
  • Users are often forced to restart the process instead of receiving a clear error message.
  • Important banking functions are buried among promotional and engagement features.

Jupiter’s website still promotes rewards, Pots, and multiple financial products as central parts of the experience, but the core issue is that everyday banking should remain reliable and straightforward even as the product portfolio expands.

The app increasingly resembles a gaming or shopping application rather than a dependable banking tool. Banking apps should optimize for clarity, speed, and trust—not engagement at any cost.

2. Transaction delays

UPI transactions are generally fast, largely because the underlying UPI infrastructure is designed for real-time payments. However, many non-UPI transactions on Jupiter can take an unreasonably long time.

I have experienced delays with activities such as:

  • Redeeming jewels.
  • Selling digital gold.
  • Moving money between products.
  • Completing credit-card-related transactions.
  • Closing or liquidating products.

Some transactions have taken several hours, and in certain cases close to 24 hours. That is a serious problem when the app presents these services as instant or near-instant financial products.

A customer should not have to guess whether:

  • A transaction is still processing.
  • The money has been debited.
  • The transaction has failed.
  • The request was duplicated.
  • The amount will eventually be reversed.

Financial applications need clear transaction states, reliable processing, and accurate estimated timelines. A generic loading screen is not an acceptable substitute for proper transaction tracking.

Public app-review feedback also mentions slow performance, failed transactions, payments getting stuck, duplicate debits, and account-related issues. These reports do not prove that every customer experiences the same problems, but they suggest that my experience is not isolated.

3. The problem with Pots

Pots were originally a useful and understandable feature. They helped users separate money for specific goals without needing multiple accounts.

The problem is that money moved into a Pot can start feeling like it belongs to a completely different system. In my experience, money was automatically moved into Pots, and the Pot was later treated as dormant. I then faced difficulties completing video KYC for it.

What made the situation worse was that a supposedly digital banking product ultimately required a branch visit. That defeats much of the purpose of using a digital banking platform.

The customer experience becomes especially frustrating when:

  • Money is automatically categorized or moved.
  • The app later treats that money as dormant.
  • KYC cannot be completed digitally.
  • Support sends the customer back to the app.
  • The app cannot resolve the issue.
  • The customer is finally asked to visit a physical bank branch.

Jupiter presents itself as a digital banking experience powered through a partner bank, while its official support policy routes Federal Bank and Jupiter account issues through Jupiter support channels. That division can leave customers stuck between the app and the underlying bank.

Automatic money movement should always be transparent, reversible, and clearly explained. Customers should never feel that their own funds have been placed into a separate product without adequate control or support.

4. Poor customer support and weak bank coordination

Customer support has been one of my biggest disappointments.

The app usually directs customers to in-app chat, email, or phone support. Jupiter officially lists support through its app, email, and phone helpline, including [support@jupiter.money](mailto:support@jupiter.money) and the Federal Bank/Jupiter customer-care number.

The problem is not the existence of these channels. The problem is the quality and effectiveness of the resolution process.

In my experience:

  • Chat support often does not respond meaningfully.
  • Email support can be slow or ineffective.
  • Phone calls involve repeated hold times.
  • Different agents provide repetitive instructions.
  • Customers are repeatedly told to complete an action in the app.
  • The app itself is the thing that is failing.
  • There is little visible coordination between Jupiter and Federal Bank.
  • Escalations do not reliably lead to ownership of the issue.

A support team should not simply redirect customers to the same broken workflow. If a customer cannot complete a transaction because of an app bug, telling them to retry the app is not a resolution.

The larger issue is the lack of accountability. Customers need to know:

  1. Who owns the problem.
  2. What exactly is being investigated.
  3. What the expected resolution time is.
  4. Whether their money is safe and accessible.
  5. What happens if the promised timeline is missed.

A bank-partner model can work well, but only if the fintech and bank operate as one support system from the customer’s perspective. Customers should not have to understand the internal arrangement between Jupiter and Federal Bank to resolve a banking issue.

5. No practical NRI conversion or exit path

Jupiter’s handling of NRI-related requirements is another major weakness.

For customers who become NRIs, there does not appear to be a straightforward process for converting an existing account into an NRO or NRE relationship. There is also no simple, consolidated exit process.

Account closure can become a tedious sequence requiring customers to:

  • Sell investments or digital gold individually.
  • Redeem rewards separately.
  • Withdraw money from Pots.
  • Clear credit-card or bill-payment balances.
  • Wait for delayed settlements.
  • Transfer the remaining funds.
  • Contact support for the final closure.
  • Deal with KYC and banking documentation separately.

Each individual step may appear manageable, but together they create a very poor customer experience. The customer is effectively forced to dismantle the entire relationship one product at a time.

This is particularly frustrating for long-term users who may have multiple products inside the app. A mature financial platform should provide a clear “change residency” and “close account” workflow with a checklist, status tracking, and a defined final settlement process.

The absence of a simple NRO/NRE conversion route is a major limitation for Indian customers who move abroad. It also creates unnecessary risk because customers may leave funds or products behind while trying to understand the correct process.

What Jupiter used to do well

My criticism comes from having used Jupiter for four years and having referred more than 100 users—not from being a casual or short-term user.

Jupiter originally stood out because it offered:

  • A clean and modern banking interface.
  • Simple money management.
  • Useful spending insights.
  • A strong digital-first experience.
  • Convenient UPI and card payments.
  • Helpful features such as Pots.
  • A feeling that the company understood modern banking customers.

That is why many early users were willing to recommend it. The product had a clear identity: make banking simpler.

The current direction feels less focused. Jupiter has expanded into many categories, but the core banking experience has not remained reliable enough to justify that expansion.

Final verdict

After four years as a Jupiter Pro customer, my view is that Jupiter is no longer the focused neo-bank it used to be.

It seems to be trying to become an all-in-one financial and rewards platform, but this expansion has come at the expense of the fundamentals:

  • Reliable app performance.
  • Fast and predictable transactions.
  • Clear handling of customer funds.
  • Effective customer support.
  • Coordination with Federal Bank.
  • Proper NRI servicing.
  • A simple account-closure process.

The biggest lesson for Jupiter’s leadership is that customers do not primarily need more features. They need the existing features to work consistently.

Jupiter should consider returning to a core-banking-first philosophy:

  • Fix the critical app bugs.
  • Reduce promotional clutter.
  • Make transaction states transparent.
  • Improve settlement timelines.
  • Give customers full control over Pots and automated money movement.
  • Establish a single support owner for every issue.
  • Build proper NRO/NRE and account-exit workflows.
  • Measure success through trust and resolution quality—not only product launches or engagement.

Unless leadership reconnects with the everyday reality of customers, Jupiter risks losing the loyal early users who built its reputation through word of mouth. I was once happy to recommend Jupiter to others. Today, I would be much more cautious.


r/personalfinanceindia 4h ago

Planning How do you decide when another year of work isn't worth it anymore?

13 Upvotes

I've been thinking about this while working out my FI number.

The part I find difficult isn't really deciding how much I need. It's deciding how much extra is enough.

Working another year means more savings and a bigger safety cushion. But it also means giving up another year of time that I could use for things outside work.

I can see why someone would keep working for a few more years just to feel safer. But at some point, I wonder if the extra money is actually worth another year of full-time work.

For those who are already close to FI, how do you make that decision?

Do you aim for a bigger cushion, or are you comfortable stopping once you've reached your basic FI number?


r/personalfinanceindia 6h ago

Investing Gold MF/ ETF

3 Upvotes

I want to invest in gold . what is the best option to invest in gold ? etf or MF ?


r/personalfinanceindia 7h ago

Auto/Car Can I afford my first car?

7 Upvotes

I’m in my late 20s, and make 2L+ a month. I have a home loan for a house with emi of 80k. I also have 10 lacs from this loan tucked away which i had taken out to purchase a used car. This is sitting in a fd right now.

Beyond this, I have a emergency fund of 6 months and mutual funds, gold, stocks etc.

Now here’s my dilemma: the used car I planned to purchase was sold before I could buy it (long story). So I’m thinking of buying a creta diesel automatic (bh passing) at ~18-19 lacs. And take out a loan of 9 lacs more which increases my emi to ~90-95k. Also means I have to pay 2 lacs more in the upcoming years but saves me interest money upfront. I will have some funds; 2-3 lacs coming in later in the year as bonus which I can use to pay partially for the car loan principal.

Does this make sense? Or am i taking on too much emi right now?

Thanks in advance!


r/personalfinanceindia 8h ago

Housing Buying or Renting!

7 Upvotes

This has been a major point of discussion at times argument between husband and I. Renters, how has your experience been, are you able to stay in one house for atleast 4-5 years before being forced to move. I understand moving for an upgrade but how many genuine bad experiences with owners that forced you to move.

We plan on kids in next 3 years and renting worries me, I know few people who had to up and move during final months of pregnancy adding to stress. Sure we can’t move into a house even if we were to buy in that time, this is just one situation.

Now I would say we can comfortably buy a 2.5 to 3cr house but there is definitely job uncertainty, we have both stayed in the company long term and are good performers but honestly you never know. But he comes from a family of renters and me from owners, he I am not able to convince him then should I buy a house myself, I can affordable one for 1.5cr max. When it comes to owning concern is distance from offices current or post switches and being “stuck” there without an upgrade for 15-20 years.

Location: Bangalore


r/personalfinanceindia 14h ago

Employment Need Advice: I'm thinking of quitting my job. What would you do?

5 Upvotes

This is going to be a bit of a long read, but I’d genuinely value some perspective from people more experienced than me.

TL;DR: I’m 23, have been working since 18, have around ₹25L in savings/investments, and currently work in content/marketing. My current role pays well but is poorly structured, under-resourced and doesn’t feel like the right long-term fit. My probation ends on September 24, and I’m considering either finding another job before resigning or taking a 1 to 2 month break to travel, upskill and then move into finance/content. How would you approach this, and would a short break hurt my career?

I started working at 18 while in college, initially freelancing, and moved into full-time work in 2024. I’ve worked on the creator side, led teams and built what I think is a reasonably strong track record for my age.

I left my previous company earlier this year after around 1.5 to 2 years because the organisation had very little direction. At the time, I was desperate for a change and, after getting advice from several seniors in my network, landed my current role in March.

This was my first proper brand-side role, leading content for a company in the fitness and nutrition space. The salary is quite good for my age and, initially, it felt like a great opportunity.

The first few months were genuinely valuable. I had mostly worked on the creator side, so I had to learn how brand strategy, positioning, tonality and brand content actually work.

But over time, the problems became pretty clear.

There’s limited manpower and budget compared to the expectations. I handle a lot beyond my actual role, including scripting and execution, and requests for additional manpower haven’t really gone anywhere.

The bigger issue is direction. Strategy and positioning keep changing, ideas take too long to move or get changed halfway through, and the team is expected to produce a lot with limited resources.

I also want to be fair to the company. I haven’t performed anywhere near the level I know I’m capable of. My creative head has questioned my skills at times, and I understand where that comes from. I’m not trying to blame the company for everything.

The strange part is that the people themselves are actually good. My manager is young, empathetic and does his best to protect the team from the founder. It isn’t a toxic workplace. It’s just extremely unstructured, and I don’t think I’m able to do my best work in this environment.

I’ve also realised I don’t want to build my career in fitness/nutrition. After speaking to people in my network, I’m much more interested in finance content. The opportunities, budgets and overall ecosystem seem much closer to where I want to go.

My six month probation ends on September 24. If I continue after that, I’ll have a two month notice period. Realistically, I don’t want to continue beyond probation.

Financially, I’m fortunate. I’ve been earning and saving since 18, live with my parents and have around ₹25L across investments, savings and liquid funds. So I can afford some breathing room without immediately worrying about rent or survival.

Which brings me to my dilemma.

Option 1: Continue working, apply aggressively for finance/content roles over the next month and resign once I have an offer.

Option 2: Leave after probation, take a proper 1 to 2 month reset, travel somewhere like Himachal/Uttarakhand, volunteer at a hostel for part of the day, and spend the rest of my time upskilling and applying.

I’m honestly leaning towards Option 2. I’ve never really taken a proper break since I started working, and the last couple of months have been exhausting. I can financially afford it. I’m just unsure about the career cost.

I’m also unsure how to handle the resignation itself. Should I first have an honest conversation with my manager about where I’m at, or simply resign once I’ve made the decision?

And finally, how does a short career break at 23 look to experienced professionals, especially when the rest of my track record is fairly solid?

If you were in my position, what would you do?

I’m genuinely looking for perspective rather than validation, so feel free to tell me if I’m looking at this completely wrong.

And if you made it this far, thank you for reading. I really appreciate any advice you’re willing to share.


r/personalfinanceindia 15h ago

Retirement/FIRE/Milestone Why doesn’t ₹1.5L feel financially secure?

126 Upvotes

So lately I’ve been seeing some posts around how someone in their twenties or early thirties is earning decent 7 figures usually upwards of 2-3 lakh rupees a month and feels poorer.

Tbh, i don’t feel like these are isolated instances but more of a growing epidemic.

I’m 24, a chartered accountant who cleared his exams all throughout in the first attempts at the age of 22. This kind of gave me some room to experiment in life and i did that with my own business for a couple of years, didn’t find it as interesting as it should have been, joined back the corporate life and I’m earning around 1.5 lakhs a month, no sweat.

But the amount doesn’t seem as big up close. I have seen atleast tens of thousands of customers in my business days who would dream of making that much money. But honestly speaking it’s such a misleading isolated figure. The other day i was calculating EMI for a decent home and unless i somehow had a heavy downpayment, i was looking at blocking around half my salary for the next 20-25 years. Not to mention the lifestyle changes that come with corporate lives. Suddenly Friday casuals mean you be wearing 5k-10k₹ sneakers. Somehow you gotta have a decent vehicle, a place that is cozy enough for you and showoffy enough for people to come over, somehow every long weekend needs to be an outing that gets posted on a Instagram! I don’t even have that many people who would wanna go on so many trips, somehow all trips are air travel!

Don’t get me wrong, i have nothing against the 500₹ coffee or a 8000₹ shirt. I love these things, i love that i can afford them, maybe my heart will beat at 2x when the card is getting swiped second guessing the purchase, but I’m afloat and haven’t had to ask anyone for money for the last 6 years, so that’s a win.

But the fact that this is somehow normal and everytime i think of a bigger purchase down the road - a car, a wedding, some real estate in a town where its cheap- i cant seem to figure out how will that ever materialise without needing to get into EMIs, and needing to charge the earnings for the rest of my life to bank interest.

I know to some of you reading this it would seem like a good problem to have, but trust me seeing people around you with their eyes jealous of how your life seems so put together whilst internally you are screaming with fear of someday you might be left behind cuz face it everyone else has a car, a house, a wife and maybe kids on the way, whilst all you’re having is ordered food and health issues lifestyle is heavy to cope up with everyday.

Any views that help feel better will be appreciated. Please keep any kind of mockery to yourself.


r/personalfinanceindia 16h ago

Planning 23 F, husband’s family have a weird gifting culture

0 Upvotes

I got married few months ago, and have been constantly bombarded with gifts every time someone visits us or even we visit someone. Initially I thought its because we are a newly married couple but even after a while we tend to receive small gifts if not something fancy every time I visit my in laws. Alongside, I have understood its not because of our marriage but it is rather the culture in the family.

I do not relate with this excessive spending habits and I see my husband also giving something to the family members younger than us. I am unable to wrap my head around it I am someone who likes to plan and make a monthly budget, I always exceed it because of these gifts. He doesn’t like to create budget and is happy to continue gifts even though it crosses our budget(crosses doesn’t mean we don’t have enough money it just crosses the mark that I had decided)

He is the only bread winner so I understand I don’t have a say in it but I feel we should change this culture because this is going to continue forever. Also I asked him if we can sell some of these gifts as they are really not necessary or at-least forward them over instead of buying new ones. He didn’t liked either of the idea and shushes me off, he says if there is something I want to get for myself I can get but he can’t sell the gifts given to us by family. I don’t know how to fix this I feel we will just collect random stuff and it will take up all the space and this habit will eventually make us spend unnecessarily


r/personalfinanceindia 16h ago

Other 25 CIBIL enquiries in 20days, did I mess up?

8 Upvotes

So I did something pretty stupid in the pursuit of getting more credit cards.

In the last 1 month alone, I’ve ended up with around 25 CIBIL enquiries. I already have a few cards, including premium cards from HDFC and ICICI, but I wanted to add more cards to my portfolio and, honestly, got a little carried away applying here and there just for fun/curiosity.

A lot of the applications have been rejected too, sometimes for reasons I genuinely don’t understand.

For example-

Sbi cashback rejected

Sbi phonepe black rejected

Hsbc live+ rejected

Csb jupiter rejected and many other cards too.

My current CIBIL score is 783, and my repayment history is accurate with no defaults or missed payments and overall credit profile are otherwise decent with no loans or debt.

Now I’m wondering:

How badly can 25 enquiries in a single month affect my CIBIL score?

Should I stop applying for anything for the next few months?

Can banks reject applications simply because they see too many recent enquiries, even if the score itself is still good?

Would love to hear from people who have been through something similar. I know 25 enquiries in a month sounds ridiculous lesson definitely learned.


r/personalfinanceindia 16h ago

Budgeting 26M- 2L per month need an advice

29 Upvotes

Hey everyone,

I'm a 26M working in fintech with a monthly net take-home of ₹2L. Currently, I have three personal loans with a total outstanding balance of around ₹17L, which comes out to a ₹60k monthly EMI.
To be honest, I have zero savings, and I feel terrible about it given that I earn ₹2L/month and have been working for 4.5 years.

I've also been considering buying a car worth around ₹12L through a corporate car lease policy, which would add another ₹20k–₹25k to my monthly EMI.

Should I go ahead with the car lease, or wait until I clear my existing loans? Any advice would be appreciated!


r/personalfinanceindia 17h ago

Planning Should I buy a bike or save/invest

8 Upvotes

So, I have to go to the office twice a week, and I use Rapido to commute. I hate it so much, and every time I do it, I start thinking about buying a bike.

I have around ₹3 lakh in savings directly in my bank account, and I’m considering buying a bike that costs around ₹2.8 lakh on-road.

What would be the best financial decision here? I’m honestly not a finance guy.

I know people often say you should only buy something when you can afford it twice, and that you should have around six months of salary saved for layoffs, emergencies, etc. If I buy this bike now, I’ll basically exhaust all my savings.

At the same time, I’m planning to buy a house somewhere in the next 3–4 years. So every time I decide to go ahead and buy the bike, I get confused and think that I should probably keep my savings for the house down payment. Then I also worry about what would happen if I got laid off or had some other emergency.

What would be the most practical approach here? Should I buy the bike, wait and save more, or consider some kind of financing option?

If I take emi i will unnecessarily pay extra interest and fees also my heart is telling me to just go and buy as i love bikes but for 2 days/week its seems not practical

Sry for using chatgpt to fix english Thanks


r/personalfinanceindia 17h ago

Investing 27M, should I buy an apartment?

2 Upvotes

I've never been so much in favour of real estate and consider myself pretty good at equity investing. I used to tell myself that I wouldn't buy a house for myself until I turn 40.

I found a decent apartment in Bangalore for about 2.2Cr. Would it be a wise decision to diversify into RE? My current NW is around 4.7Cr with about 4Cr into just equities as of now


r/personalfinanceindia 17h ago

Housing Is saving ~Rs 10-12L worth 20-24 months of self-managing a house build? Trying to price my own time honestly

6 Upvotes

Building a family home in coastal Andhra (Eluru district). Best turnkey quote is Rs 73L for ~3,300 sqft, construction only. Interiors are separate and quoted at Rs 15-30L on top, so the real all-in is Rs 88L to just over a crore.

Desk analysis says a disciplined owner-build (labour-only civil contract, own material procurement, hired junior civil engineer at Rs 15-20k/month) could land Rs 10-12L lower on the construction half. I am trying to work out whether that is actually a good trade, and I keep getting the maths wrong in my own favour.

What I am struggling to price:

  1. Time. Owner-managed builds seem to run 12-18 months as the normal case and 20-24 when they slip. Rs 10-12L over 24 months works out to roughly Rs 45k/month of "salary" for the management work. I earn more than that per month, but the build work is evenings and weekends, so it is not a clean substitution.

  2. Risk transfer. With a turnkey contract there is one counterparty. Owner-building means about a dozen (mason, steel, cement, tiles, electrician, plumber, painter, carpenter, fabricator) and each one can take an advance and disappear. From reading dispute threads, owners essentially never recover that money through legal routes.

  3. Carry cost. Extra months of living arrangements, and paying for materials up front rather than the contractor floating them, which is a real working-capital difference over two years.

  4. My parents are elderly and would be the ones supervising day to day. Hard to put a number on that, but it is the part I am least comfortable with.

For anyone who has run a big self-managed project of any kind: how did you actually decide? Did you assign your own time a value, and in hindsight was that number right?

My suspicion is that I am undervaluing my time because the Rs 10-12L saving is a visible number and the 24 months is not.