r/IndiaFinance

Context - Turned 25, currently earning 35k a month. Quitting job next month and starting an internship in new field from September - therefore my stipend will only be like 15k. Trying some side hustles, but they're not making cash consitently as of now. Maybe in future..

Current savings - 2.8lakhs only. Family is not dependent on me, infact I'm the one who is dependent yet. I'm frugal and don't spend until necessary. My monthly expense would be like 2000 - 3000 rs only. Remaining I can save.

My queries:

1. Please suggest me a bank to open my SB account. I don't know what all factors should I look for while choosing a bank. Please suggest a good bank, preferably with decent savings interest, not govt banks as they give atrociously lower rate of interest.

2. I want to take a medical insurance. As of now I have CGHS, and LIC's medical insurance. But I want to take a new one with more cover, so might be spending around 5k a month towards paying that premium.

3. I also want to get a credit card - for beginners.

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Thank you

Where can I learn to invest ? I personally want to be aggressive with my investments.

Hey everyone,

My company credits around 10K into my Pluxee (Sodexo) card every month, and it’s mostly sitting idle. Looking to trade it for UPI cash at a discount.

If you regularly order food or groceries online, we can team up.

Where this works:

* Food items & non-alcoholic products only (Pluxee restrictions).

* Works on Swiggy, Zomato, Blinkit, Zepto, Instamart, Swiggy Dineout, Zomato District bill payments, etc.

The Discount:

* Transactions ≤ ₹500: You pay me 5% less via UPI (e.g., ₹500 Pluxee order = you UPI me ₹475).

* Transactions > ₹500: You pay me 2% less via UPI (e.g., ₹1,000 Pluxee order = you UPI me ₹980).

How it works (Strict Process):

1. You share your cart/bill details.

2. I will log into your app account or use guest checkout to initiate the payment.

3. You must UPI the discounted amount to me first.

4. Once the UPI is received, I will immediately approve the Pluxee payment from my app.

Only if you are completely okay with these terms and this flow, feel free to drop a comment or DM me!

I'm in academic job. 37M. Assistant Professor designation. in private university.

(all reference: India, INR).

qualification : PG, NET, PhD.

worked as guest teacher for 1.5y.

then joined regular post. Now completed 5.5 y.

salary is 13.3L CTC now after this June increment.

When I see across jobs like IT and such, salary is going above the roof like 1.5L, 2L and 2.5L I am feeling down about my financial. Academic job is actually very stressful with a lot of deadlines, and no separation between work-hour and non-work-hour.

at night also i will be working on curriculum design, evaluation, instruction design, event planning, outreach attempts and networking, project and research, student guidance related works, student career and internship related works and discussion etc.

edit due to confusing wording: on record work hours - 42h per week. off record I work almost 25 h, making my total work hours 65h per week on average (I have work diary to track that). there's performance appraisals and scores etc. its hectic.

the 9 to 5 is just on record for private universities and off record is not counted anywhere. and the service tag basically justifies free labour.

(I like academic job so that part is fine).

My main worry is that "Will I be pushed to the lower class in future" with this low and slow-growing salary.. Now a middle class.

I am saving around 30k per month in MF.

Total 16L MF now at age 37. 1.5L emergency fund in FD.

I see young 25y people showing their 20L 30L portfolio and 1.5L pm salary, and I get panic!!!

I have an intense FOMO I think.

I don't want to retire early etc. but want to retire well enough. MF goal - 1 cr by 47 age, and 4cr by retirement.

wife has a car from in-laws. now its our family car. i have own ancestral home though now living on rent, for work.

parents in ancestral home.

I have a 25L health insurance now. planning to take a 1 cr term also. married, no kid yet.

I don't even know what to ask now, like, Im empty in mind.

with this post I'm looking for anything that comes to your mind. as advice. I want some interaction on this!

am I overthinking? or should I try to optimise my life to catch up or at least stay afloat for a reasonably good future?

What's your thought on life levels!? what would be a healthy financial fact sheet for me at 37 age?

Wasn't actively tracking my investments. I just opened my portfolio today and realized my net worth has crossed 30 lakhs. Yayyy! Now I'm desperately waiting to hit 1 crore, can't wait to see those big 8-digit numbers in my portfolio.

For context, I'm a regular IT guy and have been working for about 3 years. My base salary is 1.8LPM and my monthly expenses are around 65k, so I'm able to save roughly 1.15 lakh every month. Apart from the occasional gifts for my girlfriend and parents, I don't have many discretionary expenses. My parents are financially independent.

Monthly SIP

40,000 - UTI Nifty 50 Index Fund

25,000 - UTI Nifty Next 50 Index Fund

30,000 - Parag Parikh Flexi Cap Fund

10,000 - Motilal Oswal Nifty Midcap 150 Index Fund

10,000 - gold etf

The biggest expense on the horizon is a master's degree abroad. I'm planning for masters abroad and plan to fund it through a combination of an education loan + my own savings + support from my parents.

On the personal front, I'm also setting aside 15 lakhs for my wedding. I don't like the idea of parents having to pay for their children's marriage, so my girlfriend and I decided we'll contribute 15 lakhs each and have a small wedding with a total budget of 30 lakhs.

I don't plan on buying a house or a new car anytime soon (I use my dad's old car, and it works perfectly well for me)

Please give any suggestion

Hi everyone,

I’m buying my first home, and it’s probably going to be the only home I ever buy. It’ll be for my parents and me to live in, not as an investment.

Here’s my situation:

• Property price negotiated to around ₹1.55 Cr (down from ₹1.77 Cr).
• Including registration, stamp duty, etc., I’m assuming the total cost will be around ₹1.65 Cr.
• I currently have ₹40 lakh in savings and am comfortable putting in around ₹30 lakh as the down payment.
• My parents are willing to contribute around ₹20 lakh, but I’d prefer to use that for basic interiors, furniture, appliances, and making the house livable rather than towards the purchase itself.
• My parents also have around ₹1 Cr in fixed deposits for their day-to-day living expenses, around ₹10–15 lakh in liquid funds, 25-35 lakh gold and property in our hometown (roughly ₹70 lakh worth of land and another ₹20–30 lakh house).

About my income:

I work for a foreign company on a contract basis and have been with them since January 2025. The company renews contracts annually, and my current contract runs until June 2027.

The apartment possession is expected around January 2027. Based on my current savings rate, I expect to save another ₹30 lakh by June 2027. My thought process was that instead of moving immediately, I could first use those additional savings to reduce the home loan principal before shifting into the apartment.

If things go according to plan, I expect the outstanding loan to be around ₹90 lakh–₹1 Cr by then.

One thing in my favor is that I don’t have any financial responsibilities beyond my parents. I don’t have children or other dependents, so it’ll just be the three of us until the home loan is substantially paid down.

The alternative is building a house in our Tier-3 hometown. Financially, that would mean no debt and complete financial freedom.

The downside is that we’d continue living around relatives and in an environment that has been quite toxic for my parents over the years. One of the biggest reasons I’m considering buying in tier2 is to give them a peaceful environment.

My questions are:

1. Does buying a ₹1.65 Cr home seem financially sensible given my situation?
2. Would you choose the debt-free Tier-3 option or the tier 2 apartment with a larger loan?
3. Anything about home loans or banks that i should know?
4. What should I know before choosing a bank, negotiating interest rates, selecting loan tenure, making prepayments, or signing the loan agreement?

I’d genuinely appreciate any advice from people who’ve bought homes or gone through this process. I’m trying to think this through from every angle before making such a big decision.

Thanks in advance!

​

I'm 25, and I work in IT, almost 2 years experience.

Salary 38-42k per month.

I've a debt of 500000 including 100000 in CC, and others in Loan Apps. CC 100000 has 2 emi converts 30k and 40k, which I'm paying and duration is 3-4 yrs, for lessea emi. Remaining 40k is rotating everymonth.

Monthly salary only goes for repaying loans.

Like loans are of shorter terms, so pays after I received salary.

Whole salary goes to interest and I retake all loans each month.

I'm kinda going to be messing up, I guess.

No support from any other people.

Main thing I'm looking is to avoid/close these big salary date loan.

Has a cibil or 750+.

No gold or nothing , I'm all alone.

How can I loan free in some 6 months.

Can someone help me.

I was unable to jump to some new openings in a better company and package, because I'll be salary less for some 60-80 days notice.

Can someone help me find a way.

Hi so I am looking for someone who can validate my portfolio and give some suggestion if something needs restructuring.
Context : 26F unmarried and planning to marry by 2028 end or 2029 beginning,mom 90% dependant on me after passed away in 2023. We both do not have a health insurance beyond what my company is providing for us(5L). No LIC no term. Monthly household expenditure 32-35K. Emergency fund -1.5lakh
I have been investing since 2024. Did not start all at once though.

Investmen; total -37k monthlySIP + RD
Nifty 50-10k
Hdfc flexi-7k
Hdfc mid-7k
Uti Gold etf fof-3k
Wealth company multi asset fund -5k
Bank RD -5k

Besides this when i get bonus/ have some additional savings in my bank i top off my MF or do FD. Besides emergency fund i have additional FD of 1 lakh. And i have lump-sum invested:
Hdfc diversified equity all cap fof - 80k
Hdfc innovation fund -1lakh
Hdfc nifty 100 quality 30-25k
The wealth company multi asset allocation- 1lakh
Hdfc balance advantage- 1.30lakh

Recently developed liking towards gold - in the recent downtime bought a gold bracelet and a 2gm coin from ajio ( planning of investing some amount every 2-3 months in 2-3gm of gold coin from Myntra/ajio)

Experts share thoughts/opinions/suggestions.

Hello all, have recently ported health insurance policy to HDFC Ergo Optima Secure family floater plan from Star Health, we are family of 2 members with no PED, have taken base cover of 10 L, which will 2X from day 1, wanted to know on below pointers, yet to get policy hard copy:

1. Critical illness cover

2. Came to know my no claim bonus of Star health will be added here, how to know its been added ?

3. OPD of spectacles and dental RCT, filling etc how to get them covered? Shall I need to take add on coverage?

4. Wait time for any disease?

Please reviewd.

I am 32 unmarried living alone in bangalore.
Income 1.8 L per month.
Expenses: Pg rent, food and fuel : 25k
30k in sip
50k in gold jewellery chit( moms orders for future DIL)
Finished a home loan which was 60k. Have this flexibility now, not sure how to invest.
My thoughts were to increase sip or invest in stocks .

Give me 5 suggestions to invest the 60k.

I'm a software engineer in my mid-20s, unmarried, earning around ₹1.2L in hand every month.

This is roughly how I allocate my salary:

- ~₹55–60k: Mutual funds

- ₹5k: Post Office RD

- ₹4k: Meal card

- ₹10k: Rent

- ₹10k: Support for my parents (my dad is still working, so this is more of a contribution than a necessity)

- ₹7k: Bike EMI

The remaining ~₹25k covers all my other expenses and anything I want to buy.

The thing is, I've always been focused on saving and investing because I want to reach a net worth of ₹1 crore as early as possible. But lately I've started wondering whether I'm delaying too much enjoyment in the present for a future milestone.

I often hesitate to spend money even on things I can comfortably afford because it feels like I'm slowing down that goal.

For those who have been through a similar phase, how do you balance building wealth with actually enjoying life? Did your mindset change after reaching certain financial milestones?