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General Discussion

A place to talk about whatever you want

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  • Announcements regarding our community

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  • 1 Topics
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    S

    Hello everyone, I am Raghav from MP. I joined this community to acquire knowledge on finance.

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    R

    CRED, BharatPe, and PhonePe are some apps that allow you to manage multiple bank accounts. All these apps follow RBI regulations and are user-friendly.

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    S

    Bank's rules updated.
    There will be a new rule that impacts the ATM and bank fee structure that was implemented in July. Also, your PAN card is linked to your Aadhar card so that in case of unsuccessful payments, you get your money back easily.

    RBI revised the repo rate.
    The RBI cut the repo rate from 6% to 5.50%, which makes it easier for people to get the loan easily.

    Strong economic growth.
    India's economy is going strong right now. Have a low inflation rate, which is around 2.8%, with strong bank's health.

    The Indian rupee is getting stronger.
    Hopes for a US-India trade deal by July 9 strengthen the rupee. Weaker US job data also may calm currency markets.

    Significant IPO Growth.
    With a robust pipeline and regaining investor confidence, July may witness about $2.4 billion in initial public offerings.

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  • 2 Topics
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    R

    To create some emergency funds, you can use the feature of auto-debit savings, which means some amount of money is automatically deducted from your salary account to be transferred to some other high-interest savings account. Since you are living with your parents, try to save more money. You can also invest some money in some low-risk equity funds.