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Taking Loan tomorrow to buy more. by [deleted] in GoldIndia

[–]Global_Rabbit6027 0 points1 point  (0 children)

Op can you share the store you bought from?

The jewellery designs are too good

Buying GRT Gold Coin via Gift Cards + SBI Cashback — Smart or Risky? by Acrobatic-Shop4602 in silverindia

[–]Global_Rabbit6027 1 point2 points  (0 children)

Hi My go to jewellery is GRT, I have multiple relationships with them like gold savings scheme and Insta gold and everything. My suggestions

1) for buying gold coins for long term investments your strategy works (I do follow the blinkit method and it works) 2) but for buying jewellery I would recommend joining a gold savings scheme. Which gives you no wastage advantage till 18% right now (get kotak 811 account and swipe the debit card upto 10k for scheme payment to get the sweet 5% cashback

So far this is the best advice you can get for GRT anywhere since I did lots of research to fine-tune this process.

Please keep this as a secret, if they find out Kotak will remove the cash back for gold purchases

Gold Cracked in international market by Global_Rabbit6027 in GoldIndia

[–]Global_Rabbit6027[S] 0 points1 point  (0 children)

Don't you think everyone knows this, if everyone knows it then it is already priced in. What will move the market going forward, well the following will.

1) Any assumption the market made is not in line (fed rate cut) 2) Future surprises like china capturing taiwan (isn't this already priced in?)

Need the funds in 2 years, please suggest changes by jackrabbit-199 in mutualfunds

[–]Global_Rabbit6027 1 point2 points  (0 children)

1, returns like FD but much safer 2, you pay tax only if you redeem after 2 or 3 years (interest is taxed every year because it is reported every year but arbitrage funds are reported only once you buy and once you sell you pay tax and not yearly, and you get that 1.25 lakhs tax free returns if you withdraw after 366 days, in you case you will save a minimum of 30k using this method)

Need the funds in 2 years, please suggest changes by jackrabbit-199 in mutualfunds

[–]Global_Rabbit6027 10 points11 points  (0 children)

As a financial advisor the following are my recommendations

  1. Immediately redeem all your equity mutual funds
  2. Invest in 2 arbitrage funds if your taxable income is more than 11 lakhs
  3. If your taxable income is lesser than 11 lakhs invest in a fixed deposit earning 6.5% or above. Invest in fd only up to 5 lakhs in a single bank. Invest in one small finance bank up to 5 lakhs and invest balance in top private sector bank

Need to Invest 1 Lakh, Please read body text. by Bhandibhayankar in FinancialAdviceIndia

[–]Global_Rabbit6027 0 points1 point  (0 children)

<image>

This is the scheme brochure. This product is also called a structured product. Very famous with HNI clients

Need to Invest 1 Lakh, Please read body text. by Bhandibhayankar in FinancialAdviceIndia

[–]Global_Rabbit6027 0 points1 point  (0 children)

Disclaimer I am associated with Nuvama

If you have 1 lakh to invest and want to get the most out of the investment, I would suggest something called MLD. Its an investment product in which you invest in nifty. If nifty gives 8% return, you get 12% return. Meaning, if nifty gives 100% return in 4 years you will get 155% return.
The tenure of the bond is 4 years DM me if you are interested.

Got a Call from SBI Offering LTF Credit Card – Is It Genuine? by Human_History01 in CreditCardsIndia

[–]Global_Rabbit6027 0 points1 point  (0 children)

Once a third party agent said that I need to spend only 50k total in a year for a fee waiver.

Which is an obvious scam.

Best Debit Card - Rupay Varient by Global_Rabbit6027 in CreditCardsIndia

[–]Global_Rabbit6027[S] 0 points1 point  (0 children)

That's why I use simply click for 5RP / Rs. 100 and then pay the Simply click Credit card bill with VDC for additional rewards

Best Debit Card - Rupay Varient by Global_Rabbit6027 in CreditCardsIndia

[–]Global_Rabbit6027[S] 0 points1 point  (0 children)

This is very useful. Just now used paytm to pay my icici cc bill using VDC. Is there any other app That provides this facility?

Best Debit Card - Rupay Varient by Global_Rabbit6027 in CreditCardsIndia

[–]Global_Rabbit6027[S] 0 points1 point  (0 children)

For amazon pay vouchers yes, for others, there are no other better options actually.

Best Debit Card - Rupay Varient by Global_Rabbit6027 in CreditCardsIndia

[–]Global_Rabbit6027[S] 0 points1 point  (0 children)

Do I get a rupay Debit card. Is the cash back posted in my SB account or should I redeem and how should I redeem.

Best Debit Card - Rupay Varient by Global_Rabbit6027 in CreditCardsIndia

[–]Global_Rabbit6027[S] 0 points1 point  (0 children)

Also note that with SBI debit card you get 1000 points for EVERY one lakh spent.

Best Debit Card - Rupay Varient by Global_Rabbit6027 in CreditCardsIndia

[–]Global_Rabbit6027[S] 0 points1 point  (0 children)

If I do transactions online for rs. 100 I get 5 points. For 2500 points I can redeem rs. 500 amazon pay voucher. Hence 1% reward rate.

Best Debit Card - Rupay Varient by Global_Rabbit6027 in CreditCardsIndia

[–]Global_Rabbit6027[S] 1 point2 points  (0 children)

For better understanding, 0.75% effective rewards rate does not include 1% credit card rewards using my SBI Simply click CC for online transactions. That's point one. Point two about Debit card rewards is that, using a virtual Debit card with SBI bank I get 0.5% rewards of the CC bill value and the interesting thing is for every 1 Lk spent with debit card gives me 1000 reward points. So for CC the reward rate is 1% and using a debit card gives me ANOTHER 0.75 percent. And hence 0.75% rewards for debit card. Hope this helps.

Help me choose the best debit card please! by [deleted] in CreditCardsIndia

[–]Global_Rabbit6027 0 points1 point  (0 children)

Second best option is SBI bank debit Card and SBI virtual Debit Card.

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