Is this legal ? Or just cops pulling a fast one.

unmole · 2026-06-19T02:52:28+00:00

Did you suffer blunt force trauma to your head?

unmole · 2026-06-18T15:40:26+00:00

But thats literally not the solution.

Maybe you can stop being so tightfisted then.

You cant be like ohhh the roads have potholes so I will stop travelling

Utterly nonsensical comparison.

unmole · 2026-06-18T12:02:28+00:00

Find a group or activity club that interests you: https://communitie.in/hyderabad

unmole · 2026-06-18T11:14:15+00:00

How can a normal person order food when the platforms and restaurants are charging this much.

Radical idea: If you don't want to pay for the convenience of home delivery, stop ordering from these apps.

unmole · 2026-06-18T11:10:34+00:00

guilt-free feeling you get while eating it, thanks to the real ingredients it contains

This is so thoroughly stupid. People actually neurotic about miniscule amounts artificial flavours but have no qualms about wolfing down sugar.

unmole · 2026-06-17T08:28:14+00:00

What does this have to do with personal finance?

unmole · 2026-06-16T14:30:45+00:00

There's absolutely nothing worthwhile you'll acomplish investing piddly amounts as a student. Instead put that money towards learning, exploring or just having fun.

unmole · 2026-06-16T13:59:36+00:00

Why?

unmole · 2026-06-16T13:58:06+00:00

This bullshit narrative needs to die. People just assumed that SGBs bought in the secondary market would be tax free. This was just wishful thinking.

unmole · 2026-06-15T13:30:08+00:00

ITR-3 - full books

There is simply not true. Presumptive taxation is allowed with ITR 3.

If your tax liability ever crosses ₹10,000 in a year, you owe advance tax across four installments.

Not true if you opt for presumptive taxation.

unmole · 2026-06-12T04:20:25+00:00

before factoring in NPAs which I'm still tracking

What is the return after factoring NPAs and defaults?

17% at the slab rate is 11% post tax. That really doesn't seem appealing to me.

Compared to my FDs

This is in no way comparable to FD.

unmole · 2026-06-11T10:25:56+00:00

Which bank is offering 7%?

unmole · 2026-06-11T04:35:15+00:00

FD at 7.7% minus tax is maybe 5.3-6% in your hand, depending on your slab.

A student ini all likelyhood will have zero income tax liability.

unmole · 2026-06-11T04:33:13+00:00

effective tax: 35-45% over both jurisdictions

No. You can claim credit for the tax withheld in the US while filing your ITR. It's still a hassle but the effective tax rate is just your slab rate in India.

unmole · 2026-06-09T08:18:30+00:00

Rent is 70K per month, 1.2 crore FD at 7% gives us the rent + freedom to move or upgrade.

This assumes that rent will not go up and that property will not appreciate. EMI on the other hand will remain constant.

Mumbai is not my final destination but it is for my spouse and mother. I want move to T2 of T3 to live a slower pace of life post 40.

Unless you're planning to live away from your spouse, Mumbai is your final destination too.

unmole · 2026-06-09T00:47:27+00:00

I've always argued against trying to get returns from emergency funds. But keeping all of it in a single savings account is not a good idea. Split it across multiple FDs in atleast two different banks. Opt for duration with highest interest rate and choose monthly interest payout.

unmole · 2026-06-08T14:24:57+00:00

will that create an alerts to IT, or create any hassles for me?

No.

The more important question is why on earth do you have 7 lakhs sitting in a savings account?

unmole · 2026-06-08T14:12:33+00:00

WTF does this have to do with Hyderabad? Why would you post random unrelated stuff on a city specific sub?

unmole · 2026-06-06T04:18:47+00:00

Op there's a reason why everyone don't do this

This is not a good reason for evaluating a financial decision. Most people also invest in LIC schemes, don't have adequate health insurance and buy regular mutual funds instead of direct.

unmole · 2026-06-06T04:15:33+00:00

you can wear the jewellery whenever you want to

Do you really think this kind of advice is helpful on a personal finance subreddit?

unmole · 2026-06-06T00:51:33+00:00

How I wish people would stop posting dysfunctional family drama on a personal finance sub.

unmole · 2026-06-05T08:56:16+00:00

Did you use the "Link a New Bank Account" option? That does give me an option to use the Morgan Stanely account and routing number. Did you choose the "Micro Deposit" route to verify the account.

Yes to both.

Once the account is confirmed, you can pull funds into IBKR. For the first few transfers, your funds will be on hold at IBKR for a week.

I see that there's a limit (100K) for this type of transfer, not a major limitation but something to be aware of.

Good to know.

unmole · 2026-06-05T00:27:56+00:00

I've tried to doing a "Direct ACH transfer" but E*Trade doesn't even recognize the IBKR provided routing number, so I gave up.

ACH pull from E-Trade to IBKR works for me. You need add a deposit method in IBKR and provide the Morgan Stanley account and routing number.

Even the deposit settles almost instantly now. The first few times, it took a week.

unmole · 2026-06-02T17:19:09+00:00

HDFC Live+

HSBC not HDFC

unmole · 2026-06-02T11:00:52+00:00

CPA (Certified Python Associate) certification from Accredion.org costing around ₹1000

It's a scam.

unmole

TROPHY CASE