Having multiple trading accounts has many benefits, like diversifying the risk factor, increasing the investments, strategy segregation, and many more, which increase the cost and complexity.
In India, there are some platforms like Zerodha and Groww, which are popular for providing more investment options.
But the ideal setup depends on your personal investment types and needs.
T-bills are government debt for under a year, sold cheaper than their value, with no regular interest. Long-term government bonds mature after a year and provide periodic interest payments. Typically, longer bonds offer higher returns due to increased risk over time.
Choosing between them depends on your needs. T-bills are safe for short-term savings. Long-term bonds suit those wanting regular income over a longer period while accepting more potential risk.
With a 3.61% inflation rate and 6.75% fixed deposit interest, it would be profitable for you.
Investing ₹166,000 at 6.75% for 5 years will yield ₹59,362.50 in interest, totaling ₹225,362.50. Whether the sum buys more depends on the average inflation over the next 5 years. If inflation averages higher than 3.14%, the purchasing power will be less.
Beyond crypto, blockchain technology has significant potential, like being used in supply chain businesses, the healthcare sector in drug supply chains, and the education sector.
Many start-ups in India are exploring this technology; maybe soon we will use it in different sectors. IIT Madras has already developed BlockTrack for healthcare data, which is an excellent initiative.
Pi Coin is mined through phones and used for easy digital transactions and smart contracts. Since its Open Mainnet launch in February, Pi Coin has not been officially available in India.
It is traded on many platforms like OKX, MEXC, and many more. Informal trading exists peer-to-peer, but always be careful.
Yes, you can get the insurance option for your Macbook from Apple as well as from a third-party insurance provider.
AppleCare+ extends your coverage to 3 years from your AppleCare+ purchase date with some terms and conditions.
Third-party insurers like Capital Gadget Secure, Bajaj Allianz, and others also provide laptop insurance covering various damages and theft.
Yes, you can convert your account. It offers high transaction limits, overdraft facilities, and many other benefits.
In the future, if you close your store, simply apply for the account closure process with the bank.
Of all the mentioned insurance companies, I would suggest Bajaj Allianz and ICICI Lombard, as they offer good hospital coverages in Australia. Compare their specific policy details and inclusions for the best fit.
For a student, here are some government-backed schemes suitable for you:
PPF is a secure and long-term investment scheme that gives you a 7.1% interest rate. You can start investing with ₹500 up to ₹1.5 lakh annually. It gives you tax benefits also.
RD is also another suitable option for savings; it gives you a 7-8% interest rate annually.
These schemes are extremely secure and provide returns in the end; there is no risk involved. But if you can handle some risk, then Mutual funds are also a suitable option. You will get good returns, but there is some risk factor involved.
Applications known as crypto wallets run on computers, mobile devices, or tablets and store cryptocurrency. Crypto wallets are of two types:
Hot wallets/online wallets: You can access these wallets through the internet using your phone, desktop, and tablet. While this method is beneficial for frequent transactions, it also increases the vulnerability to hacking.
Coinbase Wallets, Exodus Movement Inc., and MetaMask are examples of hot wallets.
Cold wallets/offline wallets: Since these wallets don't connect to the internet, most people use them to store their funds. There are two types of offline wallets: Hardware wallets and Paper wallets.
In Hardware wallets, you store your private key offline in a physical device. It functions similarly to a USB device and allows you to remove the keys from it, making it the most secure option for storing cryptocurrencies.
The Ledger Nano X and Trezor Model T are the most trusted hardware wallets available in the market.
In Paper wallets, a piece of paper holds the keys. A QR code displays these keys. However, the vulnerability of paper wallets to damage or loss often discourages their use.
The most reliable and trustworthy app for trading Bitcoin and Ethereum in India is CoinSwitch. An estimated 6 million individuals use this app for trading. This software makes it simple to set up an account and begin trading in a matter of minutes. About 170 different coins are available for trading on this app.
CoinDCX, ZebPay (the oldest trading app), and many others are available for trading.
Bitcoin is a very risky investment because of its high volatility and risky nature. Therefore, it's advisable to invest only when you can comfortably absorb the potential losses. There are some other cryptocurrencies where you can invest for the long term, like Ethereum, Polkadot, and Cardano.
If you are aggressive investors and can tolerate the risk factor, then only invest in thematic or sectoral funds. Investing in both funds is quite risky. Additionally, these funds offer limited options for diversification. If you want to diversify your portfolio, then choose other funds.
Other options in mutual funds, such as large-cap or index funds, or debt mutual funds (bonds, treasury bills), offer lower risk and provide stability.
Bajaj Finserv gives you a loan at a lower interest rate than SBI. Bajaj Finserv is an excellent choice for you, as they credit your loan within 24 hours of approval. It is also the best option for flexible terms.
Both banks provide the same interest rate and offer nearly identical services. Both banks approve loans within hours for pre-approved customers who meet certain eligibility criteria.
The processing fees primarily depend on the desired loan amount. HDFC processing fee ranges from ₹1,000 to ₹6,500 + GST.
And the processing fees at ICICI Bank are 2% of your loan amount.
So compare processing fees and choose the best one.
To know the best bank, check out this article:
https://fincuss.com/topic/135/which-bank-offers-me-loans-with-a-low-cibil-score/2
With this CIBIL score, you can easily get the low-interest personal loan.
All the banks provides flexible repayment terms, which ultimately give you the facility for early repayments.
HDFC Bank and Axis Bank give you a faster loan than any other bank.
Yes, you are eligible for an agricultural loan on your land. There are many banks that can give you an agricultural loan at good interest rates.
SBI offers many credit cards for different purposes and different spending habits. Users can earn reward points, cashback, and other offers through credit cards. Here are a few types of credit cards available:
May be the offer has been expired, or discount is not applicable to particular show. It's always better to read the terms and conditions carefully.