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HDFC

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hipi
113.5K

The

Reserve

Bank

of

India

has

launched

a

new

portal

called

UDGAM,

where

you

can

search

for

unclaimed

deposits

across

various

banks

in

India.

🥹

This

is

a

single

website

where

you

can

look

for

unclaimed

deposits

at

any

bank

in

India.

🙂

To

use

the

UDGAM

portal,

you

can

visit

the

website

at

👇

https://udgam.rbi.org.in/unclaimed-deposits.

Once

you

register

and

login,

you

can

enter

any

one

search

criteria

and

select

the

relevant

banks.

The

portal

will

then

show

you

potential

deposits.

You

can

even

select

all

banks

at

once

to

search

for

unclaimed

deposits.

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#rbi

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22.1K

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hipi
107.7K

Have

you

tried

this

feature

guys

?🥸

Cardless

cash

withdrawal

request

can

be

initiated

for

a

minimum

of

Rs.100

per

transaction

and

up

to

a

maximum

of

Rs.10,000

per

day

or

Rs.25,000

per

month

for

a

beneficiary

(The

limits

are

subject

to

change

as

per

regulatory

guidelines).

#atm

#debit

#debitcard

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#Hipi

#MyMoneyMyRules

#UjjivanSFB

#UjjivanSFB

hipi
77.3K

Can

a

5k

SIP

make

you

rich?

Here

are

the

numbers.

Let's

look

at

3

scenarios.

We'll

assume

you're

#investing

for

retirement,

which

is

probably

30

years

in

the

future.

SCENARIO

1

If

you

have

a

5k

monthly

SIP,

assuming

a

12%

#compounded

annual

growth

rate

(CAGR),

you

could

build

a

corpus

of

₹1.76

crore

by

the

time

you

retire.

But

we

have

to

account

for

inflation.

So,

assuming

inflation

is

6%

per

year,

that's

equivalent

to

about

₹30.64

lakh

in

today's

value.

SCENARIO

2

Suppose

you

increase

your

monthly

#SIP

amount

by

5%

every

year.

Again,

with

the

same

12%

return

assumption,

your

corpus

could

be

₹2.63

crore

at

#retirement.

In

today's

value,

that's

about

₹45.79

lakh

SCENARIO

3

What

if

you

increase

the

SIP

by

10%

every

year?

That

could

build

up

to

₹4.41

crore.

Inflation-adjusted,

that's

a

current

value

of

₹76.78

lakh.

The

most

important

point

is,

don't

think

about

getting

rich.

Aim

to

invest

as

much

as

you

can,

as

early

as

possible.

In

some

years

you

will

be

able

to

step

up

your

SIP

amount,

but

in

other

years

you

may

not.

Or,

the

step-up

percentage

may

change

from

year

to

year.

That's

alright.

Just

invest

as

much

as

your

circumstances

allow.

BONUS

My

current

favorite

Flexicap

mutual

funds

for

a

5k

SIP

(in

no

particular

order).

I

would

be

happy

to

start

a

5k

SIP

in

any

one

of

these

funds.

1.

#HDFC

Flexicap

Fund

2.

PGIM

#Flexicap

Fund

3.

JM

Flexicap

Fund

4.

#Parag

Parikh

Flexicap

Fund

5.

#Canara

Robeco

Flexicap

Fund

#money

#moneymatters

#investingindia

#mutualfunds

#mutualfundsindia

#SIP

#personalfinance

#personalfinanceindia

Disclaimer:

The

information

provided

in

this

post

is

for

educational

purposes

only

and

does

not

constitute

investment

advice.

Mutual

fund

investments

are

subject

to

market

risks;

please

read

all

scheme

related

documents

carefully

before

investing.

Past

performance

is

not

indicative

of

future

returns.

Do

your

own

research

before

investing

in

any

funds.

Consult

an

investment

and/or

tax

professional

as

needed.

hipi
6.6K

बाराबंकी

की

एचडीएफसी

शाखा

में

लगी

आग,

बताया

जा

रहा

है

शॉर्ट

सर्किट

से

लगी

है

आग

बाराबंकी

के

नगर

कोतवाली

क्षेत्र

के

नाका

पैसार

का

मामला

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hipi
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Bank

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