Penny stocks can be tempting, but investing in penny stocks can be highly risky. However some investors offered large profits, but it’s important to understand that these results are not assured and often lead to substantial loss.

The Indian government and SEBI released the advisory when it comes to investing in penny stocks. Many penny stocks lack transparency, so thorough research on the company’s fundamentals is essential before investing.

If you want to invest, you can invest in Mutual Funds which can reduce the risk for beginners.

Mostly all the banks provide Debit cards for online shopping. Each card has its specific features and offers. So here is the general overview of Debit cards:

• Regular Debit Card: Provides you basic online transaction facility, daily withdrawal and spending limits are set by Banks.
• Reward Debit Card: You can earn cash back, rewards, and discounts while shopping online and it depends on the bank’s programs.
• Premium Debit Card: Have higher transaction limits, airport lounge access, and exclusive online shopping deals.

There are some debit cards which are: Rupay Debit Card, Visa Debit Card, Master Debit Card, and Contactless Debit Card.

The HDFC Bank Diners Club International Debit Card and Axis Bank Burgundy Debit Card are very good options if you are looking for good rewards, special offers, and high transaction limits. These cards provide exclusive perks for heavy excessive users and regular internet consumers.

Each card has different benefits and different terms and conditions. So choose the card carefully according to your requirements and needs. Just remember every card has different annual fees and minimum balance requirements.

ICICI bank offers a variety of credit cards, depending on your spending habits and needs. ICICI provides Travel CC, Lifestyle CC, Fuel CC, Shopping CC, Co-branded CC and many more.
Travel CC is suitable for frequent travelers as it provides benefits like airport lounge access and travel discounts.
Lifestyle CC gives rewards and discounts on shopping and other lifestyle categories.

Fuel CC provides cashback or reward points on fuel purchases.
Shopping CC gives benefits and discounts for online or in-store shopping at specific partner brands.
Co-branded CC issued in partnership with airlines, and hotels offering exclusive benefits and rewards for the users.

Bank provides, ICICI Bank Coral CC, ICICI Bank Platinum Chip CC, ICICI Bank Sapphiro CC, ICICI Bank Rubyx CC, ICICI Bank Emerald CC, and many more.

If you want to know more, you can check out the official website of ICICI Bank and compare the card, as each card has different perks for different spending habits. But before applying for CC always consider factors like annual fees, interest rates, and reward redemption options.

There are some limits and security measures set by the Reserve Bank Of India while doing transactions through UPI to ensure the safety and security of customer’s financial data. As you said you can’t make UPI transactions of more than ₹2,000 to merchants in a single day, which may be because of daily transaction limits imposed by your bank or UPI service provider.

I suggest you reach out the Kotak’s customer care and confirm the exact daily limit for merchant transactions with your RuPay Credit Card with UPI.

For your retirement plan, a balanced approach for you would be, to invest ₹1.5 lakhs to a PPF account as PPF offers you guaranteed return, and gives you tax benefits. PPF is good for stable and long-term wealth creation.

The remaining ₹3.5 lakhs is split between mutual funds and ELSS, as mutual funds offer growth potential at different risk levels and ELSS comes with tax benefits. ELSS has a lock-in period of 3 years.

While purchasing a house in UP with around ₹50 lakh, you have to pay some fees, which are as follows:

Stamp duty is 6% for women and 7% for men based on the value of the property.

Then the Registration fee is around 1% of the property value.

There are some legal and Document charges which vary depending on the lawyer.

If you are buying some under-construction property, then you have to pay 5% GST.

There are some other charges like society charges, maintenance deposits, and other charges which may vary according to the places.

The Indian government has put laws to regulate the trade of cryptocurrencies. Irrespective of the platform, you have to pay the TDS(Tax Deducted at Source) on every crypto gains
The government has introduced the Indian Crypto Regulations which includes mandatory registration with the Financial Intelligence Unit (FIU) for crypto exchanges.
It's important to consult a certified financial advisor to get a detailed knowledge of crypto legislation and platform choices, as they provide you a specific guidance according to your choices.

SBI Bank currently offers a 2.70 to 2.75% interest rate on savings accounts per year. Your account balance determines the interest rate on your savings account. SBI bank can revise the interest rates from time to time, so it’s better to check the interest rate on their official website: https://sbi.co.in/web/interest-rates/interest-rates/deposit-rates

The Indian government sets the PPF interest rate, which is now 7.1%.Mostly all the banks and post offices have PPF account facility and offer the same interest rate and have minimum yearly deposit of Rs. 500 and a maximum of Rs. 1.5 lakh.

The lock-in period for PPF account is 15 years. Partial withdrawal allowed after the 7th financial year. Different banks have different withdrawal penalties. But if you withdrawn before completion of 5 years then there is a penalty of 1% of amount withdrawn.

Banks provide the facility of premature closure which is allowed after 5 years for some major reasons like higher education or serious illness.

There are some banks which allow opening the PPF account online, but physical verification at the branch might be mandatory.

Yes, there is a chance that you can use the same name for your business and blog, just make sure that, If your business is registered with Pvt Ltd, then you cannot use the same name. A registered trademark may be the cause of an issue if names are somewhat different.
Register your company name and trademark with the Ministry of Corporate Affairs to save your brand in the future. But to improve brand differentiation, I would suggest using a different name for your blog.

Yes, you can transfer the current car insurance coverage to your name, after purchasing the 2nd hand car. To transfer the motor insurance you need to do some steps:

1. Within 14 days of purchasing a car, you need to inform the insurance company about the transfer of ownership. Get the No Objection Certificate(NOC) and original RC from the previous owner.
2. Fill the forms 28,29 and 30 from the RTO with the seller’s signature and proof of sale. And get the receipt from the RTO.
3. Submit all the documents mentioned above, the new Registration Certificate(RC) with your name, your id proof to the insurance company.
4. Some amount of fee is to be paid to the insurance company for inspecting the car.
5. Once everything is approved, you will get the updated policy with your name.

For your online store, even if your revenue is minimal, you may need to register for GST in India. If your annual turnover is below Rs. 20 lakh (In some states its Rs. 10 lakh ), you are not required to register for GST.
But as you mention, you are involved in both interstate and foreign transactions, you need to register for GST no matter how much business you do.
With your expected minimal revenue, registering as an individual (sole proprietor) with a GST number is advisable for simplicity and compliance with e-commerce requirements.
It’s advisable to consult a GST specialist who can provide personalized guidance based on your specific situation.

The Indian government sets the PPF interest rate, which is now 7.1% Mostly all banks and post offices have PPF account facilities and offer the same interest rate and have a minimum yearly deposit of Rs. 500 and a maximum of Rs.1.5 lakh.
The lock-in period for the PPF account is 15 years. Partial withdrawal is allowed after the 7th financial year. Different banks have different withdrawal penalties. But if you withdraw before the completion of 5 years then there is a penalty of 1% of the amount withdrawn.
But banks provide the facility of premature closure which is allowed after 5 years for some major reasons like higher education or serious illness.
Some banks allow opening the PPF account online, but physical verification at the branch might be mandatory.