r/personalfinanceindia

I am out of job in next 2 months. I have a total saving of 75 lakh with me after selling all my MFs and stocks

I have purchased a agricultural land down-payment 10 L given 26 lakh left. I have a personal loan of 45L (@9.99% intrest for 60 months) which i was supposed to payout from this years salary. (80LPA). I have a commercial property loan for a studio apartment which is still being built of 76 lakh (30 lakh disbursed) at 8.8% intrest for 15 years so emi right now is 28000. Remaining amount will be disbursed next 4 years as construction progress. Studio apparently has a lock in till October after which I am free to sell. (Although rent of similar properties near by has become around 70000k per month).

Everything was planned but now because of some PR incident they are firing me. I am trying to find a new job but because of the news that I might be out of a job, everyone is waiting till I am unemployed before offering me low salary. (Its a very small industry and everyone knows everyother person)

Now how to manage everything. I am 30 M and recently married. Wife is earning 10 to 15k per month making crotchet and selling it in stalls.

Should I settle the loan early with my saving and sell the flat in October or keep paying emi from savings and continue to a new job. I am super confused.

Hi guys, I’m 24 and earning around ₹65k/month. I already have my own house and no dependents. Expenses are low, so I’m confused what should I do with my money now.

Should I focus more on:

Saving

SIP/mutual funds

Stocks

FD

Emergency fund

Buying assets

Would like advice from people in similar situation. What would you do at my age?

I'm 35yo, been working in IT since 12 years now. One day I woke up and realized that I don't have any significant corpus left for retirement.

And this probably was a mistake but I listened to my dad and purchased a 3BHK flat putting down all my existing savings. At that time I thought it was a good deal since he was also going to help me out with 50% of the amount. Long story short, my house is now fully paid off but I have only about 20L overall in my portfolio. I'm currently rigorously working to create an emergency fund first.

Reading all the posts in this group I feel an immense regret of the opportunity lost. I used to think saving about 20% of my salary in RDs should be enough. Had nobody to slap some sense into me back then. And whatever I used to save used to get spent in some expense or the other. My expensive lifestyle mostly stemmed from buying gadgets and spending a bomb on trips.

Right now I make a little over 2L per month so planning to invest at least 1.5L of it spread across Niftybees, gold bees and a flexi cap fund. Hopefully it will save my ass if I live off very frugally from now on. Not planning to get married too.

Worst case scenario I might have to rent out the flat and move to a small house.

TLDR: Put all savings into house, no retirement corpus after 12 yoe in IT

M29 , Single Earner - Married -

monthly take home - 2.6L

planning for Car(10L) + House down payment (20L , loan 70L )

Monthly SIP -

MF - 30K in small caps

Ind Stocks - Nifty junior ETF - 50K

US Stock - 50K

Current Networth breakdown -

Stock - 9L

mutual fund - 25L

EPF - 12L

BANK - 8L

Need some quick loan, desperately. Even willing to pay higher interest rates. Someone please help

Thinking of separating my banking setup for safety.
Current idea:
Keep HDFC as my main UPI/daily spending account with around 50k–1L balance

Open a new ICICI account for savings/liquid funds (4–5L+)
Main reason is I keep hearing about random cybercrime freezes/lien marks on active UPI accounts because of disputed incoming transfers.
Does this setup make sense practically?

Also, is transferring 4–5L from my own HDFC account into a brand new ICICI account likely to trigger any issues?

24M supporting family and investing aggressively, am I actually on the right track financially?

Current in-hand salary is around 1.24L/month.

Monthly breakdown:

• Rent: 15k
• Family support: 50k
• Investments: currently 15k, increasing to 20k

My SIP split:

• Parag Parikh Flexi Cap Direct – 4,500
• Kotak Emerging Equity Direct – 3,750
• Nippon India Small Cap Direct – 3,375
• UTI Nifty 50 Index Direct – 1,875
• HDFC Gold ETF FoF Direct – 1,500

After all this I’m left with around 39k.

A few months ago I started investing in US stocks as well. Current holdings are:

• VOO
• QQQM
• NVDA
• GOOGL

Initial investment was around $129 and it’s around $189 now. I’m thinking of adding another $50 (~5k INR) every month into US stocks going forward.

The thing is:

• I’m 24 and trying to invest/save as aggressively as I reasonably can
• I don’t have an emergency fund yet
• If I add the extra 5k into US stocks, I’ll still have around 34k/month for Bangalore expenses (groceries, outings, gym, supplements, random spending etc.), which feels manageable

Another thing: My dad had taken a term insurance plan for me around 2021. It’s a yearly payment of around 90k, and last year I contributed around 60k towards it. Right now for health insurance I only have my company-provided insurance, so I know I probably need to get a personal medical insurance plan as well.

One thing I’m conflicted about: I currently give 50k at home every month. A part of me feels maybe reducing it to 45k would give me slightly more breathing room financially here, but at the same time I genuinely want to support my family as much as possible.

I’m also probably planning to get married in the next 3–4 years max, so that’s another thing I’ve started thinking about financially.

Main questions:

• Should I focus on building a proper emergency fund first before increasing investments further?
• Does adding 5k monthly into US stocks make sense right now?
• Does my MF allocation even look sensible for someone my age?
• Am I over-investing and under-living for my age?
• And overall, does this seem like I’m moving in the right direction financially?

Would genuinely appreciate opinions from people who’ve gone through a similar phase.

Usually you're expected to keep a decent chunk of money in your savings account as an emergency fund, for easy access to liquid cash.

I recently tried out Loan Against Securities and realized you can get a decent overdraft limit against your current holdings. There's a one-time processing fee of around ₹6k in my case (processing - stamp duty) for a ₹20L overdraft limit. And you don't pay any interest until you actually use the funds.

So instead of keeping ₹20L sitting in a savings account, you keep it invested and use LAS as your emergency backup.

Benefits I can see:

- You don't need to withdraw your investments in an emergency

- You can hold your stocks longer and avoid short term capital gains tax

- All your money stays invested in the market (equity, debt, however you want to allocate it)

You can pay back to overdraft account from your next salary or after taking your time to choose which stocks/funds to sell and when.

Of course there is a downside if the market crashes, your pledged shares could be sold, but usually you already get a leverage only on small portion of that amount you would pledged stable stocks/mfs that's unlikely to drop 30-40%.

Any flaws with this idea?

I've recently closed my ICICI trading account which was smooth, but for demat closure they are telling me to visit offine branch, I wrote several emails to ICICI customer care but they are not closing my account 😭. I've also threatened them stating that I'll escalate the issue to RBI still they are not listening to me. Please 🥺 guys provide a solution

Hey everyone i am 22 M i am working as a remote Senior AI enginner for a USA based company remotely no office in india

I get paid around 40LPA full base

Many may think i am lying but it's very normal in US remote jobs as they pay in $

That converts to around 2.7 Lakhs

My expenses are just 30K/month i stay in a PG in banglore with my friends

So please guide me how to invest the this money my parents don't ask any money from me they just told me don't waste money

Current state

10L in bank that's all full liquid

Thinking of starting SIP

Edit : Lot of people asked how i got the job so here's the backstory i am from tier 3 college i had 4.5 LPA offer from a witch company in final year i was happy my best friend rejected me kinda first rejection i went to depression and 2 arrers so offer got almost revoked i panicked and started searching other jobs between this time i got to know about US jobs reached out to 1000s of people in linkedin using email and open DMs and someone gave me a chance and now here we are 😅

34 M. Never worked in the high corporates, into business with my elder brother initially and later lost interest in it. Personal life is a mess, don't wanna get married. unemployed for last 4years. Went solo travelling backpacking and did odd things. Family assets undivided will be valued at 10-15 cr. personal savings and investments stand at 3.5L. Parents retired with pension, no intention of disturbing them. Deals certain amount in cash finance segment where I draw a monthly income of 1.4-1.5 L per month. Invest most of it again in the same segment to counter inflation and capital appreciation. Nothing on paper. Agriculture income stands at 10-12L/ year(undivided). I live in a tier 3 city but often travels to all tier 1's across south since most of my friends are there. not in a rats race to prove anything to anyone. I don't see any potential business that can generate substantial income without the need of huge capital and risk. Still looking for ideas to generate income that I can be able to show some on paper and that keeps me occupied. Am I doing this right or do I need to get back to serious career?

Hey everyone,

I’m a 27M living in bangalore, and I'm getting married next month. My fiancée will be switching careers to move to my town, and so we will be transitioning into a single-income household for the near future.

I track my finances rigidly with Excel and want a reality check from people who have made this transition. Looking at my current baseline as a bachelor, how drastically do you think these numbers are going to transform once it's two people instead of one?

Core Monthly Expenses

Category	Monthly Spend (INR)	Notes
Rent	₹23,000	Fixed
Home & Household	~₹4,300	Maid, Electricity, Utilities
Groceries	~₹11,600	Instamart/Swiggy/Blinkit
Dining Out & Delivery	~₹4,900	Office lunches, weekend hangouts
Fuel & Car Maintenance	~₹2,200	Commutes + weekend driving
Health, Gym & Medical	~₹3,300	Supplements and gym membership
Subscriptions & Shopping	~₹2,500	Tech, Steam(PC) games, clothes
Amortized Travel & Spikes	~₹17,500	Smoothed cost for travel, insurance premiums, big purchases, etc.

Total True Bachelor Burn Rate: ~₹70,000

---

My Questions to Married Folks:

1. Groceries & Dining: Given that my grocery list is fairly protein-heavy and I order out a pretty low amount, does food spending scale linearly (2x) when your partner moves in, or does cooking for two introduce some unexpected efficiencies?
2. Rent/Utilities: Did you find yourself immediately needing to upgrade apartments/furniture to fit a partner, or did you sustain a 1BHK setup initially without friction?
3. The "Hidden" Spike: What is the one expense category that completely blindsided you in the first year of single-income marriage that I haven't accounted for in my bachelor baseline?

Appreciate the candid feedback and real-world numbers!

Every big financial move you make gets silently reported to the Income Tax Department.

Your bank does it.
Your broker does it.
Your registrar does it.

And most people never even realise it.

There is a reporting framework called SFT (Statement of Financial Transactions) under Section 285BA.

Certain institutions are legally required to report specific transactions linked to your PAN directly to the Income Tax Department every year.

You do not need to do anything.
It happens automatically.

What gets reported from banks:
- Cash deposits above ₹10L in savings account in a year
- Cash deposits/withdrawals above ₹50L in current account
- FD investments above ₹10L in a year
- Credit card payments above prescribed limits

And it doesn’t stop there.

Also reported:
- Property purchase/sale above ₹30L
- Share & mutual fund transactions above limits
- Foreign remittances/forex spends above prescribed thresholds
- Interest income
- Dividends
- Capital gains

Most of this data eventually reflects in your AIS (Annual Information Statement).

Honestly, most people who open AIS for the first time are shocked by how much the department already knows about them.

Why this matters practically:

If your AIS reflects transactions which do not align with your ITR, system flags it automatically.

For example:
- High-value FD investments
- Large bank credits
- Significant investments
- But very low reported income

That mismatch itself can trigger scrutiny.

A lot of notices today are not because someone got “caught”.

It’s simply because:
- Data did not reconcile
- Source of funds was unclear
- Documentation trail was missing

Common mistakes people still make:
- Depositing old cash without proper trail
- Accepting large gifts casually without documentation
- Splitting transactions assuming threshold limits won’t apply
- Using family accounts assuming PAN tracking won’t happen

The system is specifically designed to detect these patterns.

The Income Tax Department is not waiting for you to file your return to know what you earned.

In many cases, it already has a broad picture of your financial activity before you even open the portal.

Your job now is not just filing the ITR.

It is making sure your ITR actually matches the financial data already available with the department.

How can someone many people be taking so many laons?

I mean are those posts fake?

And credit card loan? Personal loans? Seriously? Who takes that at all!

Only thing that makes sense is medical emergency. Apart from that nothing makes sense at all to me.

And so so so many loan posts?

I mean it's either a guy with 42 LPA and ESOPs or these people in 18L debt?

Are middle class people / businessmen not part of this sub?

I’m a 25-year-old male from India and the elder son in my family.

I come from a poor background. My father does not have a stable job and my younger brother is still studying. I am currently working as a nurse and planning to move to Germany next year for better career opportunities.

I’m really excited about my future in nursing and I want to build a stable life. But at the same time, my family is under financial stress. We currently have around ₹6 lakh debt, and most of the responsibility is falling on me.

I feel a lot of pressure because I want to support my family, take care of my brother’s education, and also build my own life from scratch.

We also have a beautiful home in India, and I’m emotionally attached to it. I’m confused about long-term decisions like whether I should eventually settle abroad or return back to India after working for some years.

Another thing I think about is my personal life. I also wonder how people manage relationships or find a partner while working abroad and carrying family responsibilities.

Right now I feel stuck between responsibility, career growth, and personal life. I don’t want to make emotional decisions, but I also don’t want to fail my family.

I would really appreciate honest advice:

How should I manage family debt while starting my career abroad?

Should I plan to settle abroad or eventually return to India?

How do people balance family responsibility, savings, and building their own life (including relationships/partner) in situations like this?

Hi Guys

I am stuck in a bad debt situation from only Instant Loan Apps.

Background - I earn 42k per month. I recently started using these instant loan apps, seeing my friends at first, I thought these were a good way to manage expenses, as I would not have anything left at the end of the month. So my friends suggested taking a small personal loan
to manage my expenses. Honestly, I have been pretty bad with personal finance my whole life, so it has messed up the situation more.

I have a total debt of 33,787 across 4 apps, and If i only pay emi's for the next month, that would amount to around 13,013.

I have tried seeking help from a registered counsellor, but he stated that my case is not serious enough.

I need help from experienced people here to not only give me a few tips to end this bad debt asap.
But some advice to also make good financial decisions in the future.

Thanks in advance

My elder brother (30M) has been trapped in stock market trading losses and debt for the last 4 years and I genuinely don’t know what to do anymore.

It started with a big stock market loss years ago. After that he started using credit cards and personal loan apps to recover losses. Slowly things became worse. He hid debts from the family, secretly took money from my father’s account, my mother also secretly helped him by taking loans from relatives, and eventually the entire family got dragged into this.

My father is a retired government employee. When we first found out the actual debt situation a few years ago, the stress was so bad that within a month my father suffered a brain stroke/paralysis episode. Since then I have been extremely scared about his health.

At one point the family cleared many of my brother’s debts:

- father gave retirement savings,

- relatives helped,

- I personally helped him with around 5 lakh over time,

- I emotionally supported him and told him to stop trading completely.

He later got a government job in NIC (salary around 40k currently). I thought things would finally improve. But after some months he secretly started trading again. Salary disappears within days and now the total EMI burden has become impossible.

Current situation:

- Around 18 lakh total debt

- Multiple credit cards maxed out

- Loan apps like Fibe, KreditBee, MoneyView etc.

- Gold/jewelry mortgaged

- Monthly obligations close to 80k–1 lakh while salary is only around 40k

- A few loans are already overdue/defaulted and legal notices have started coming

I suggested loan settlement/restructuring multiple times, especially for unsecured loans and credit cards, but he is extremely scared because he believes if he defaults or settles loans, his government job may be affected or lost. Because of this fear he still wants to somehow continue paying every EMI even though the numbers realistically do not add up anymore.

The biggest problem is not only the debt anymore. It’s the repeated hiding, silence and relapse into trading despite years of support and warnings.

I have now decided:

- I will not take loans for him

- I will not pay his EMIs anymore

- I want to protect my parents financially and mentally

- But I still want to help him find a realistic path out

He says if we somehow survive 3–4 months, he may clear a promotion exam and salary may improve. But currently the numbers simply don’t add up.

People who have dealt with serious debt situations:

- What realistic options does someone in India have in this situation?

- Most importantly: how do I help my brother without destroying my own financial future and my father’s health?

I genuinely feel exhausted and numb after dealing with this for years.

If I have:

- ₹9L business profit (under Sec 44AD)

- ₹2.5L interest income

- ₹2L short-term capital gains (equity)

Total income becomes ₹13.5L.

I understand equity STCG is taxed separately at 20%, so tax on ₹2L STCG would be around ₹40K.

My confusion is regarding Section 87A rebate under the new regime (FY 2025-26):

Since my normal income (business + interest) is ₹11.5L, which is below the ₹12L rebate limit, will I still get rebate on that ₹11.5L and only pay tax on the STCG?

Or will the ₹2L STCG also be counted for rebate eligibility, making total income ₹13.5L and therefore making the ₹11.5L normal income taxable too?

Getting conflicting answers online, so wanted clarity from professionals.

30F unmarried. Family of 4. Mom(59), dad(64) and an elder brother(32) who is unemployed. There is no family inheritance. From the lower middle class. Currently live in a tier1 city in my dad's house.

I work in IT and I'm worried if I am doing okay.

Major expenses coming up:

1. Thinking of buying a house in the same city for personal use as the house we live in rn is too small. This is not urgent, I have just started thinking about it.

Budget: 50L-70L

2. I do plan on getting married in a year or two and I need to allocate funds for that too as I will be paying for it.

Budget: 20L

Post tax income - 1.2 L

Expenses and investment:

Sip - 60k

Personal spends - 10k

Household expenses - 30-40k

Insurance

Term insurance for self - 75L

Corporate medical insurance self - 2L

Corporate medical insurance for parents - 6L

Emergency fund - 4L (debt fund)

Investment

MF - 40L

Ppf - 2L

Epf - 6L

Nps - 2L

PS: This is my first time posting, please be kind.