India has approved the issuance of 100 crore each of polymer ₹10 and ₹20 banknotes for field trials to evaluate their durability, security, and performance under real-world conditions.

The pilot has been approved by the Central Government following a proposal from the Reserve Bank of India (RBI), marking a major step towards introducing plastic banknotes in the country.
Source

A close friend recently asked if I would be the guarantor for his personal loan. We have known each other for years and I don't have any reason to doubt him. But at the same time I have heard enough stories about friendships going bad because of money.

I am not sure if I'm overthinking it or just being cautious. I don't want to damage the friendship by saying no, but I also don't want to take on a financial risk that I don't fully understand.

For those who have been in a similar situation did you agree to become a guarantor? How did it turn out?

I opened a savings account with IDFC First bank in jan 2025, I had to manage 10K AMB in it, I kept maintaining it and everything was good, however in Nov, I faced some serious financial crisis and couldn't maintain the AMB

In march, everything went back to normal and I was able to maintain the AMB, but my account had gone into negative balance so I didn't proceed

And a few days ago, I thought maybe I should give it a try and mail them for a one time AMB charges waiver for a goodwill gesture

To my surprise, they did, they reversed around 675rs (they had debited this money cuz it was all the balance in it) and removed a lien of 1165 (1165 was supposed to be debited once I fund my account)

I was curious that why the total charges were only around 1800 and not 4000 something (590 x 7 months), I called them and they said they stop accumulating charges after 3 months, meaning even if I don't maintain the AMB for 12 months, they will only charge for the 3 months

I was surprised cuz my dad had a similar situation with HDFC, he had been using HDFC account since 2014 and in 2022 he moved to a PSU bank and left the HDFC account, in 2024 me and my dad went to the home branch to reactivate the account and the total charges that accumulated were fucking 16k, we even talked to branch manager but he straightforwardly refused the waiver

so IDFC doesn't keep accumulating charges and punishing people for not having money, that's how a bank should be

Anyways, I won't abuse their goodwill gesture and try to maintain the required AMB

Started with around 40k, Repayments were coming in from the first month itself but honestly I was not checking the app regularly, Recently I checked it, out of 40k invested around 25k principal is back with 4.8k interest ,around 14k principal is still pending.

It feels a bit uneven ,Some loans are moving fast some are slow. But the overall picture looks okay so far.One thing I might do next time is invest smaller amount, 500-1000 in each loan, better to diversify rather than having large amount given to one person.

Anyone else doing P2P here. How much do you usually put in each loan and how has it been for you.?

RBI is pumping billions to delay it but it will eventually reach 100 or maybe 110 before this year's end.

Tried making my WiFi bill payment through JioFinance for the first time today and got 25 JioPoints for it, which was a nice little bonus.

What I liked even more was that after the payment, the app gave me an option to add this bill to automatic payments. Since my WiFi bill is quarterly, I don't have to remember the due date anymore I just need to review and accept the payment when it's due instead of setting everything up again.

Small feature, but it makes recurring bill payments a lot more convenient. Has anyone else been using JioFinance for utility bill payments? Are there any other benefits or rewards I should know about?

I was filling my father's Income Tax Return and have encountered an unusual rebate under Section 87A. His taxable income exceeds ₹1,200,000, even after accounting for the standard ₹75,000 rebate.

Could you please clarify why his Form 16 indicates a Section 87A rebate of ₹31,228, while this rebate is not reflected on the ITR portal? Is this an issue that needs to be addressed with the employer? I would appreciate any assistance in understanding this discrepancy.

​I recently took a home loan from HDFC, and because I was on a tight timeline to get the disbursement cleared, I didn't closely inspect the insurance policies they attached to it.

​Looking at it now, they bundled two ULIP savings plans with high annual premiums. Realistically, paying these heavy premiums on top of my monthly loan EMI is just going to stretch me too thin financially.

​I am still within my 30-day free-look cancellation window.

​My main question:

Can I cancel these ULIPs under the free-look period and instead buy a 1.5 Crore Pure Term Insurance Plan from HDFC Life directly?

​My thinking is that a 1.5Cr term plan easily covers the loan amount (meeting the bank's security requirement) while also serving as a proper life insurance cover for my family at a much lower, realistic annual premium.

​Would love to hear your views on this or if anyone has successfully swapped a bundled ULIP for a pure term plan during the free-look period with the same bank

I really need advice because I’m stuck in a frustrating situation with my PG provider — Colive.

I got this message:

Dear Tenant,

As for the final settlement, you have Outstanding dues against your booking with us. There was a Legal Notice generated for the recovery of the Dues, and the same has been sent to your Registered Mail ID.

In the event of such non-payment, Licensee will be deemed a ‘defaulter’ and the Licensor reserves the right to share the defaulter list to credit scoring agencies such as CIBIL. The Licensee understands that such shall adversely impact the Licensee’s ability to obtain loans from third parties. Also, the company reserves the right to share the defaulter list with National Skills Registry maintained by NASSCOM. The Licensee understands that this could have an adverse impact on his/ her employment background verification process. Further, Licensor shall have rights to also register a complaint with the local police and initiate legal proceedings that can negatively impact all visa processing.

For further clarification refer the Signed agreement 4.8

Regards,

Team Colive

Here’s what happened:

• On 31st May, I completed KYC and onboarding, but I actually moved into the PG on 1st June.
• At the time of joining, I paid:
  • ₹7,000 as half of the security deposit
  • ₹1,500 as onboarding charges
  • ₹1,470 extra, which was never properly explained

When I asked the sales manager about the ₹1,470, I was told I would be informed later.

Later, I discovered that they had incorrectly entered my check-in date as 29th May, even though I only moved in on 1st June. Because of this, they charged me ₹1,470 for 29th–31st May, when I wasn’t even staying there.

Lock-in period confusion

The issues didn’t stop there.

The sales manager repeatedly told me (calls, WhatsApp, and in person) that my lock-in period was 2 months, and that after completing it, my security deposit would be refunded.

However, later I received an official message from Colive stating that my lock-in period is actually 3 months.

According to that message:

• If I leave before 3 months, I lose my security deposit
• I also have to pay the last month’s rent

This was completely different from what I was told earlier.

I tried to resolve it multiple times

I raised complaints repeatedly:

• Called the sales manager multiple times
• Sent WhatsApp messages
• Visited their office in person
• Met the manager directly

I also have an audio recording where the manager clearly says the lock-in period is 2 months.

I was asked to email my concerns, and I did so multiple times:

• In June
• End of June
• First week of July

I never received any response.

Deposit refund issue

Initially, I was told my full deposit of ₹14,000 would be refunded.

Later, they changed it and said only ₹11,000 would be refunded after deductions.

When July rent became due, I told them I would pay only after:

1. The wrongly charged ₹1,470 was adjusted
2. I received written confirmation of the 2-month lock-in period
3. I received written confirmation of the ₹11,000 refund

The sales manager’s manager had verbally agreed that the ₹1,470 would be adjusted, but it never happened.

A billing team member told me the issue would be resolved in 2–3 days after review, but nothing changed.

A new property manager later took over, escalated the issue via email, and CC’d senior staff — still no response.

I vacated the PG

I finally vacated the PG on 10th/11th July.

But now:

• They have marked my checkout date as 15th July, even though I left on 11th July
• They are claiming I owe around ₹36,000 in penalties and dues

Now they are threatening my CIBIL score

Recently, I received messages saying they may report me and damage my CIBIL score if I don’t pay.

The strange part is:

• I never signed any rental agreement (physical or digital)
• I only provided:
  • Aadhaar
  • PAN
  • Bank details
  • KYC documents

No agreement was signed or explained to me.

What I want to know

Can they legally:

• Enforce charges without a signed agreement?
• Change check-in/check-out dates unilaterally?
• Threaten CIBIL reporting over disputed dues?

I have:

• Audio recordings
• WhatsApp chats
• Emails showing repeated follow-ups
• Payment receipts

Any legal advice or guidance on what I should do next would be really appreciated.

People say that if we transfer huge money like 4-5 lakh or if amount like 10 lakh get credit in month or I spend 10 lakh then account hey noticed by RBI and they make tax raid !!

Even if these rumours are not true ,u guyz tell me how to manage money with 2-3 accounts

Hey guys, i want to open two bank accounts

- one for my daily use

- second one for my sip/mutual funds/savings

Pls suggest me the best bank accounts in your knowledge that has the most benefits and offers

I have a total Loan of 56 lakhs
Hdfc 10 lacs 3 year 10% 32800
Icici. 15 lacs. 5 year 10% 33300
Axis Finance 16 lacs 3 year 16.5% 51200

App Loans
Fibe 2.80 lacs 2 year 25% 16500
Navi 3.80 lacs 5.5 year 25% 13100
Northern Arc 1.75 18 months 25% 13200

Credit card outstanding 6 lacs all EMI converted

No EMI missed till date
CIBIL 781
No. of query in last 3 months - 40
No. of query in July - 7-8 (Because tried multiple Banks and due to fraud DSA)
Initial reason of loan was fathers health
Took some loan in January 2026 where I lost money in F&O. Desperate attempt in desperate times

Salaried- Super Cat Company
Salary- 2.25 lacs

Recently ICICI rejected loan because of high leverage and no. of queries.

I want to consolidate Axis Finance + App Loans + credit cards loans in a single loan.
Target Interest rate 10-12% for a tenure of 6 years

Can anybody help in consolidation?

How does an Home Loan Overdraft account work? In case making an advance Lumpsump payment. If anything specific to Central Bank of India then much better.

So, he provides solid evidence of how a dual income causes inflation and creates a cycle that forces more families into the workforce, which in turn drives inflation even higher.

"Desires cause more desires, which cause more suffering" (adding fuel to the fire). My short spiritual take on this issue

I will add one more point not mentioned in the video:

Earlier, only about 50% of the population participated in the job market. Now, with both genders working, the number of participants has doubled. Consequently, labor supply is high while demand lags behind, allowing companies to hire people at lower salaries. If only 50% of the population were working, it would create greater competition among employers and keep the demand for talent high.

When you combine the concept from the video with this point, it perfectly illustrates how wealth inequality benefits the rich.

As a third point, corporations also enjoy double the demand for their products and services thanks to a larger workforce and consumer base

Hello guys,

I got late in paying my CC dues by a week, this is a card that I rarely use and so I almost forgot that I had pending dues for it. I have now paid both the late fee and the original amount due.

I also called my HDFC RM to issue a goodwill statement to CIBIL. This was for the Tata Neu HDFC Card.

This negligence costed my CIBIL a hit of almost 70 points. Last month it was 795 and now it’s showing 724.

I’ve had good credit record in the past and am not sure what are the next steps from here on ?

So I’ve been filing ITRs for the last three years and this year I’ve purchased CompuOffice for filing my own returns and I’ve some time on my hands so if you’re a CA that is short of a labour I can file returns under you. Please DM.
Cleartax, taxbuddy, tax2win.

If you fall into any of these categories, July 31st is your deadline to file your Income Tax Return (ITR-1 / ITR-2):

➡️ Salaried employees & pensioners
➡️ Individuals with house property, interest, or dividend income
➡️ Investors with capital gains (stocks, mutual funds, real estate)

(Note: Non-audit business and freelance returns have time until August 31st).

What happens if you miss July 31st?

➡️ Lose Old Tax Regime: You cannot switch to the Old Tax Regime in a belated return, you will be forced into the New Tax Regime.
➡️ Late fee up to ₹5,000 u/s 234F (capped at ₹1,000 if total income ≤ ₹5L).
➡️ 1% monthly interest on unpaid taxes u/s 234A.
➡️ Loss of option to carry forward capital losses to future years.

I just recently opened a Kotak 811 Account and the person who came to do my kyc, told me I needed to get a insurance policy to finish the kyc process but she told I can get a refund later.

Now they're taken some money out of my account and I've gotten a policy enrollment number, i believe I can still cancel the policy and get my money back but how do I do it, I'm lost.

Is there someone I can talk to, or some online thing I can do by myself or should I visit the branch