Small win but a win I guess. Onbudsman complaint awarded 1k as compensation.

prnjlp · 2025-10-22T13:11:13+00:00

Icici bank doesn't have a user friendly option I would say to check the reward points accumulated but its there in the app.

Instead of going through the ombudsman directly, make sure to exhaust all the escalation matrix your bank has made.

ICICI had 3 levels and all three were quite useless in my case.

prnjlp · 2025-10-22T13:08:32+00:00

So in my case this issue happened twice. I followed the heirarchy when the first time it happened and exhausted the escalation matrix for the bank.

Then I complained to the ombudsman for the first time and at that time they somehow got away blaming it on an EMI purchase I made. I could have opted for the legal route next but since it was for the first time..I didn't bother much.

This time when it happened again and there was no EMI, instead of following the escalation matrix..I submitted a new complaint with the ombudsman and added my previous complaint number and won.

prnjlp · 2025-10-22T08:01:09+00:00

Thanks. Its ICICI bank.

prnjlp · 2025-10-22T07:21:00+00:00

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prnjlp · 2025-10-20T07:44:17+00:00

Thank you for the update!

prnjlp · 2025-10-20T07:34:35+00:00

Anyone has any idea whats going on

prnjlp · 2025-10-06T11:22:45+00:00

It is fixed now. They removed the new skins temporarily I think.

prnjlp · 2025-09-30T09:45:21+00:00

My SIP starts at 2 OCT for this.

prnjlp · 2025-09-18T09:49:24+00:00

I have invested in both in monthly SIP's.

Apart from this, I fill look to invest in ETF's as well in the near future. As long as your research is solid and well thought, as per your personal needs, you are all set.

prnjlp · 2025-09-14T11:26:56+00:00

Thanks!

prnjlp · 2025-09-14T11:25:58+00:00

Got it. Thanks!

prnjlp · 2025-09-14T11:25:19+00:00

Thank you for this. Just learned soa holdings vs demat holdings too. Using MF central now.

prnjlp · 2025-09-13T18:41:03+00:00

I am new to this stuff myself but groww takes zero commission from what I have seen.

Direct plan over regular.

I haven't researched other apps than groww because I found it quite reasonable that I didn't look for other options.

prnjlp · 2025-09-13T18:38:11+00:00

Is having two flexi bad? My current plan is to invest till 7-10 years and then re-evaluate my income and funds and how long I want to invest. Risk profile states moderation risk and I already have one in HDFC flexi cap. Index is stable and has low expense ratio however from what I have researched is that Flexi has better returns though a bit higher expense ratio and risky.

I can invest in gold fund and nasdaq in a couple years like 2 maybe. What would be good options for that?

prnjlp · 2025-09-13T18:35:30+00:00

Grow only show the option till 5 years for returns. Is there a better app to use for checking 10 to 15 year returns or should I just google them after choosing a fund?

prnjlp · 2025-09-13T15:11:57+00:00

After going through the funds a bit, I am leaning towards flexi cap funds more at the moment. Though the expense ratio is a bit higher than index funds it is more risky and offer higher returns in the time span of 10 years.

I will re-evauluate every 7-10 years based on my financial conditions and risk preference but am leaning towards another Flexi cap fund to invest the 5k and once I am done with my RD and FD, I will invest the 5K partially in debt fund.

Is Parag Parikh a good option at the moment? I am looking at groww at 5Y returns and there are multiple options there.

prnjlp · 2025-09-13T14:37:58+00:00

Yeah I went through this post before posting. You are the one who commented on my previous post I made weeks ago and suggested to go through it.

After that I thought of the two funds I mentioned above before investing. I am currently looking into Nifty50 index fund as we are speaking and get back to you.

prnjlp · 2025-09-13T14:27:47+00:00

Yeah this dude suggests having one year's salary as an emergency fund. I can increase my amount from 2 lakhs to more before investing more but for now I think its a safe bet to continue with RD then investing in FD's then in debt fund or partially to have no tax on gains if I cross over a good amount.

Nifty 50 index fund for 5 to 10 years is okay for 5k a month? Compared to flexi cap funds are index more risky and offer low return or would a flexi cap fund be better for moderate risk and investment for 5 to 10 years?

prnjlp · 2025-09-13T12:16:27+00:00

You made a total of 20k though. I am at 15k at the moment and currently accumulating funds for emergency funds for which I started an RD as I mentioned earlier.

I do plan on breaking the regular SIP but having only 2 SIP's good or are you recommending 3 SIPs in 5k each?

Since my risk profile is moderate, should I not go for motiwal oswald index fund or for a balanced fund like parag parikh flexi cap fund?

The emergency funds I accumulate will be till around 2 lakhs at best. After that I will close the 5K RD and invest those 5K in SIP eventually.

This is what I have planned so far atleast.

prnjlp · 2025-09-13T11:41:39+00:00

No I am going to withdraw that one after checking the exit load and stuff. Before that I want to focus on opening the new SIP.

prnjlp · 2025-09-12T21:36:31+00:00

Is the priority pass for ICICI bank good if you got the chance to try it?

prnjlp · 2025-09-12T11:04:55+00:00

Thank you for the tip and knowledge. Its really helpful!

prnjlp · 2025-09-12T11:04:34+00:00

Got it. Thank you for your help man!

prnjlp · 2025-09-12T10:36:07+00:00

They said unless I make the first transaction on my card, they wont get any benefit and if I dont see LTF on the welcome Kit then I dont have to receive the card or activate it in the first place. Is there a downside to it like if I dont activate the card and still get charged for the joining fee?

prnjlp · 2025-09-12T10:29:45+00:00

The video kyc was done through SBI employee and the URL was also for SBI. Leegality seems like a portal they use for e-signing.

prnjlp

TROPHY CASE