Recent content by John Since

Yup I know that you don't have to sell the shares. But I'm referring to taxation when you gift shares. If you are liable to pay the tax even on gifting, then it makes no sense to transfer shares from your parents demat to your demat. Instead you can just sell there and buy them in your account...

In case of gifting, it just works as redemption from taxation pov. Will be treated as sale and purchase only between both the parties. It wont be treated as gift.

SOA is easy to manage and cheaper AFAIK. Reason is to pledge them to get margin?

https://www.financialexpress.com/business/banking-finance-idfc-first-bank-to-soon-cut-fd-savings-accounts-rates-3824259/ Welcome to the low savings interest rate era. IDFC gonna align its interest rates with big banks now.

Jitni atta utni hi roti applies to the banks too.

You can open it online. Unity small finance bank is incorporated by taking over a failed bank called PFC bank of maharastra and no physical branch support across the country mostly. In case of account freezes, you will be going through a hassle.

With that big an amount, will you face safe parking them with small finance banks which are new? I would trust fund houses like SBI, HDFC, UTI, ICICI, Kotak etc to park such funds with them which is anyday better than parking them with some newly incorporated banks. This is my view.

This is true. Happened with my old kotak account. Used to immediately get transaction verification call for fraud monitoring after decline. Had to close the old account and open a new account with kotak.

notification when you login to old app

Last 3yr CAGR is around 7% with no TDS hassle. BTW which reputed bank provide 7.75% on savings given you want to park in lakhs? Only above Rs.10 lakhs you get 7.25% which will average out in liquid fund on first 10 lakh slab. One more option is Gilt Funds given the scenario of reducing repo...

If you don't want to go thru the hassle of opening multiple bank accounts just to earn some interest according to the slab rates which are lower and some SFB's provide 5% on first slab which is also relatively lower, then I suggest you to park those funds in some liquid fund which can be...

I dont think so.

You can always crop the screenshot right

Bhim app is the best in market right now. No ads. Swift UI and good cashbacks. Customised UPI Id. Can download the transaction history since the beginning of the app.

A week back, I got it done.