Both, investment and trading can be profitable, but they serve different goals, purposes, and risk levels. Investing focuses on long-term wealth creation through assets like stocks, mutual funds, and real estate, benefiting from compounding and lower taxes. Trading, on the other hand, involves short-term buying and selling of stocks, options, or forex to capitalize on market fluctuations, offering quick profits but with higher risk and stress. Trading can generate short-term profits, but it is riskier and not ideal for long-term goals unless you are highly skilled.

So, if you want investment in long-term wealth creation with high returns, investing in fundamentally strong stocks, index funds, and mutual funds is more profitable.

If this thing happens to you, then immediately file a written complaint with the bank and ask them to freeze your bank so that more transactions will not happen. File an online complaint with the Banking Ombudsman under the RBI’s Integrated Ombudsman Scheme. Report the fraud immediately to the nearest police station and file an FIR.

Yes, your father can still have health insurance. Most policies require a waiting period of 2-4 years for pre-existing conditions. In this waiting period, the claims may not be recovered.
Look into specialized plans like the Care Freedom Plan, Star Health’s Diabetes Safe, and Activ Health Platinum, which could offer immediate or partial coverage for your father even with a pre-existing health condition. 
You can explore Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PMJAY) as well. Thoroughly compare these options to select the most suitable plan.

The Indian crypto market features many trading platforms, but their fee structures differ significantly, including charges for deposits, withdrawals, and trading.

If you're looking for budget-friendly options, consider WazirX, CoinDCX, and ZebPay, which are recognized for their minimal transaction fees.

Yes, donations to registered NGOs or orphanages in India can provide tax benefits under Section 80G of the Income Tax Act. But the income tax act gives different deductions. Some donations can be deducted in full, while others allow a 50% deduction.

There are some criteria set by banks, that you need to fulfill before applying for a home loan:

Good credit score more than 750. Regular income proof (salary slips, ITR). Age criteria, which is 21-65 years. Your Debt-to-Income Ratio should not exceed 40-50% (including the new loan EMI). Clear legal property documents are essential.

These are the documents that you need to provide to the bank while applying for a loan. Different banks may ask for more proof, but these are the main documents that are essential.

There are so many brokerage firms available in India. Zerodha, Groww, Upstox, and ICICI Direct are some examples. For mutual fund investments, prioritize firms with user-friendly platforms, low or no commission, extensive fund options, and strong customer support. Compare features, fees, and reviews to find the best fit.

That 70% premium jump is a major concern. Don't rush. Explore alternative term life insurance quotes. Match coverage and costs. If you can make lifestyle improvements, reapply in the future. Canceling it now to re-evaluate is a smart move for a budget-friendly policy.

The Sukanya Samriddhi Yojana (SSY), a government-backed scheme, is specifically designed to secure the financial future of girl children. It provides attractive benefits.

It gives you even more interest rates than FDs, and the maturity amount will be tax-free. You can deposit a minimum of ₹250 and a maximum of ₹1.5 lakh per year. There is a lock-in period of 21 years, but once your daughter turns 18, you can withdraw the partial amount for higher studies.

This is the excellent and profitable scheme run by the government of India; definitely, you should think about this.

While the Axis Multi Asset Allocation Fund achieved a significant 27.2% return in the last year, surpassing its category, its 7.52% three-year return lags behind the 14.24% category average.

Before investing, you should carefully consider your personal risk tolerance and investment timeline.

Pi Network has finally launched its Open Mainnet on February 20, 2025, at 8:00 AM UTC. The network has switched from its former Enclosed Mainnet phase. This milestone allows Pi Coin to be traded on major cryptocurrency exchanges, including OKX and Bitget. Pioneers, who have been mining Pi since the early days, can now trade the cryptocurrency just like any other digital asset.

YES Bank collaborated with ANQ to launch two co-branded credit cards Pi and Phi. The future support of Pi Network payments by other banks and financial institutions in India will depend on regulatory developments, market response, and technological considerations.

The bank doesn't offer any cashback directly, but there are some third-party apps like Cred, Paytm, and PhonePe that give you benefits or cashback after you pay your bills.

There are some platforms that offer cashback for HDFC debit card users: Cred, Paytm, and Amazon Pay, and GPay.

To check any active offers, you can visit the HDFC SmartBuy website (https://offers.smartbuy.hdfcbank.com/) or the HDFC Bank app for specific cashback deals. Or you can check the reward programs and offers available on popular payment platforms.

Are only Indians able to purchase these coins, or can people from other countries also purchase them?

You can start a demat account for your daughter, but she needs to be supervised by a guardian. You or your wife can be that person.

But there are some rules, such as:

Even though your daughter's name is on the account, you are the only one who can invest and make deals.

You are in charge of your daughter's demat account, but you can only invest in things through it and not trade.

Almost all the banks give the same rate of interest on RDs but here are the top five banks that are best for opening an RD account:
Yes Bank: Provides 7.75% of interest rate.
SBI Bank: Provides 7.0% of interest rate.
IDFC First Bank: Provides 7.50% of interest rate.
Kotak Mahindra Bank: provides 7.10% of interest rate.
RBL Bank Bank: provides 7.50% of interest rate.

For Senior Citizens:

Yes Bank: Provides 8.25% of interest rate.
SBI Bank: Provides 7.50% of interest rate.
IDFC First Bank: Provides 8% of interest rate.
Kotak Mahindra Bank: provides 7.60% of interest rate.
RBL Bank : provides 8.0% interest rate.

Both long-term FD and short-term FD have their advantages and features according to the financial goals.
Short-term FD:
In short-term FD you can invest for a short period (a few days to two years) only. Also, it is good for short-term liquidity needs you can access your money whenever you need.
Long-Term FD:
In long-term FD you can invest for a long period (5 to ten years). Long-term FD provides higher interest rates and is good for long-term financial goals.
So, both long-term FD and short-term FD have their own benefits. If you want higher interest returns then long-term FD is a good option. And, If you have liquidity needs shortly then short-term FD is a good option.

First, always confirm the recipient number with name before any transaction or start your payment with 1 rupee to check the right account. If by mistake you send the money to the wrong account, then follow these steps to get your money back:

Try to contact the recipient and request to send the money back. Use the Request Money feature of Google Pay to get the money back. Note all the details and history of the transaction and contact your bank or call your bank customer services. If the bank does not provide you with any support then complaint a file with NPCI at https://www.npci.org.in and go to UPI Dispute Redressal Mechanism. If you suspect fraud then file a complaint at https://cybercrime.gov.in/.

First, see what's the status of the transaction. If it says "pending," it will take 7-8 days for the money to be sent back to your account. If not, carefully look over your bank records to make sure you remember the exact amount that was taken out and the date and time of the transaction.

Contact Kotak Bank's customer care and tell them about the whole situation; they will raise the dispute for a failed transaction.

If Amazon received the money, the bank will provide the Transaction Reference Number (ARN).

Contact Amazon customer care and explain the whole situation to them. Give them the order number, the date of the purchase, and any error messages you get. Send them the ARN and some other information, then ask for a return or the order to be filled.

If nothing else works, email Kotak Bank's customer service and ask for a refund. Send them all the proofs, like screenshots, bank records, and information about your Amazon order. Then wait 30 days.

If the bank is not able to resolve your issue, then write to RBI Ombudsman through the CMS portal (https://cms.rbi.org.in/).

Thanks for your suggestion. My father invested some money in mutual funds and some in PPF, as he does not want to take too much risk now.

If the future of cryptocurrency is uncertain, then should we invest in crypto now?