EPF 3.0 ALSO SOME PROBLEMS .EX OLD UAN CREATION IS EASY MEDHOD NEW IT IS CRITICAL BECAUSE ALL EMPLOYEES ARE HAVE SMART PHONE S WHAT ABOUT NORMAL PHONE EMPLOYEES. IF AADHARNUMBER ENTERED THEY ARE TAKEN PHOTO NAME AND DATE OF BIRTH. AUTO TAKEN FROM UID WHY NOT DEVELOPED IN VERSION 3.0 THEYHAVE SO MANY AUHORTIES PEOPELE. OBSERVED WHY NOT THINK , EX IN AP YOUR DRIVEIN LICENSE TAKE THE ARE TAKEN PHOTO FROM UID WITH ADDRESS(RTO OFFICE)WHY NOT FALLOW AND OBESERVATIONS FROM PUBLIC AND EMPLOYEES AND EMPLOYERS.SO MANY PEOPLS AROUN TO AROND EPFO OFFICES.AT THE TIME OF UAN CREATION TAKE ACTION PERFECT .SO MANY PROBLEMS SOLVED. AT PRIMARY STAGE.IS IT CORRECT OR NOT.NOW INDIA WIDE THIS TYPE OF PROBLEMS SOLVED EASY THANK YOU SIR

Hi Adil,

Don’t worry, if you’ve restarted your regular EMIs and are reducing the overdue, the bank will not seal the house or take legal possession.
A home loan becomes NPA only after 90 days of continuous non-payment. Technically you did not pay 90 days EMI but in real life no bank does take such strict action. I suggest you meet the bank manager once.

Their complaint team often uses strong language to push for faster recovery, but as long as you keep paying and stay in touch, they won’t take action. Just continue EMIs and clear the overdue gradually.

Adil here thanks for the guidance. I have few questions over here. We got missed the 3 emis on our home loan and fortunately we have paid 2 months of emis now I got the call from respective ban’s complaint team and he said to pay the entire outstanding dues with penalties. I said it could not be possible so he said he had to forward the case for legal proceeding. We are continuously paying the home loan plus doing the part payment of overdue amount as well. Can bank still proceed with sealing our house and legal action and sending our home loan on npa?

There was no date mentioned by govt itself thats the reason I was not able to include it

Thanks

Sure

You just have to give a Withdrawal request on their portal

Thanks

Thanks

SBI just increasing 2% in rate of interest if the construction is not started which is fare than Bank of Baroda charging 17.75% from day 1 if we close the loan without starting the construction. Even BOB is not ready to go with personal loan rate of interest. I dont know how the BOB listed in public sector bank in india.

Your analogy with fitness is spot on. Just like sustainable health takes time, sustainable financial independence needs a pace that preserves relationships, mental well-being, and life enjoyment.

In my own work on personal finance for teachers and families, I’ve seen how chasing “fast FIRE” can lead to burnout and regret. A realistic target — paired with a fulfilling present — makes the eventual transition into financial freedom feel natural, not alien.

Thanks for sharing that, Shalini.

Please go ahead and spend that money now — you’re building your life towards a future, but don’t forget to live in the present.

Nothing magical is going to happen later apart from “having more money.”

There’s no joy in reaching the buffet only after starving all day — too many rats in the stomach and no energy left to enjoy the meal 🙂

– Manish

Its a fraud

also he was using words like section 64c, and having all my policy details.

Same happened with me just now, yesterday I got a call from HDFCLIFE SERVICE TEAM, he told me that as you complaint regarding your policy documents not received and you are not happy with your policy as after 10 year of policy as your stopped payment after 4 year Company will not give you any bonus and the money you have invested, hence i am registering a complaint HDFCLIFE_004459 (Same as your). and today I got a call from Manish malhotra (calling himself GBIC officer # 9310238314) and insisting me for TPA (third party authorisation) and told me that he will help in recovering money from HDFCLIFE and as direct money can not recovered I have to choose a new policy. I was thinking why a governing body will insist to buy a new policy. hence asked him to give me some time to think. and see on googled i found your story similar to me. thanks

Its CAGR return .. not point to point return

Thanks Piyush !

Its ok

Welcome 🙂

Thanks

Glad to hear that.. while you stopped in between, you again restarted and are back to the game.. wish you all the luck to reach Rs 10 CR now !

Manish

This is very important point Mandar.. Thanks for adding that!

Yeah, I also read it, but seems like rbi has removed this info from their website. Do you remember where you got this info from?

You missed point regarding health, focus on your carrier at start to maximize active income, and start early when you are single as that’s the time when you have low compulsory expenditures unless you have education loans, or expenditures of homes and parent. This gives a head start very early rather than start late. you have to be very focused, disciplined to achieve.

No, they will have to pay the capital gains tax! .. Its exempted only when they invest that part in another real estate or in 54EC bonds!

Manish

Glad to know that Vijay ! ..

Glad to know that. Surely you will touch your 1 CR mark soon! .. just stay consistent!

Thanks

Thanks for sharing that.

How much is your portfolio amount right now and the CURRENT SIP ?

Manish

Thanks Vishwas 🙂

we sold our father’s property after his demise, me, my sister and my mother got a share of 18 lakhs each.

my sister and mother gifted me their shares to invest in a new property in my name. do they get relief from paying capital gain taxes? how the taxes will be calculated?

This article gave me much needed relief to achieve my Financial Freedom.
thanks for writing this excellent article.

250 times a bit on lower side to mentally feel financially free..

I would say 35X of yearly expenses which is 420 times is a more realistic number when one can also mentally feel secured!

Manish

Do you know of people who have done that ?

Thanks

Sure Sumeet.. will write more

Great 🙂 thanks for sharing that!

1) Highest – Savings account (Immediately available for use)
2) High – Stocks, Mutual Fund, Endowment policy (Can be liquidated in 2 days to max 2-3 weeks)
3) Medium – EPF, Money lent to friends & family (Can be liquidated within a few months)
4) Low – Home (6 months to 1-2 years)
5) Lowest – PPF

Will carry out this exercise by tagging investments based on criteria mentioned in this post.

Thanks.

Hello Sumit,

Have you got any solution for this. please help. i am also in same situation

Approx 4-5 lacs I guess

You cant clear it .. You have paid less and settled it .. so it will be in your CIBIL ..

If you want to get it removed, then you have to pay it in full and then get NOC from the lender .. It will then go out of your CIBIL in 90 days!

Manish

You agreed to all this in written right?

What is mentioned in the contract?

No..

Her income is hers only 🙂 and she will be taxed on that incase she earns more than the taxable limit!

Its very simple .. You just have to prove that you are legal heir .. Get a succession certificate from court , and submit it with your KYC details and death certificate!

Manish

No tax to be paid.

You can just take it in your account. You take from your father and wife takes from her father in her account.

IT will be treated as GIFT to you .. No tax angle for you!

Manish

Thank you.

Financial influencers and new traders go hand in hand. It’s demand meeting supply. One cannot exist with out the other.

But soon as market turns, these influencers will face trouble too. In a nutshell, market will adjust itself. Happens all the time.

Sure. Connect with me on jinay@jagoinvestor.com

Let’s arrange a call and understand your current progress.

Thank you

I dont know that formula so deeply

I guess it will only for the years after your last extention.. So it will be 2021/22/23/24

now i want to close the account on march 2024.
i know the rules of 1% penalty on premature closer

Question is that 1% cut of from 1996 or 2021
cut from all 28 years or cut of from last 5 years interest?

For example, using a mutual fund with the ticker OLGAX I get:
Source YTD 1m 1yr 3yr
GOOGLEFINANCE() 8.08% -7.38% 9.63% 13.89%
google.com/finance 10.07% 9.54% 34.41%
Brokerage Account 9.07% 4.07% 34.28% 5.70% (ARR)
Excel Stock Data 9.07% 11.9% 35.0% 6.5% (ARR)

Why would the GOOGLEFINANCE() numbers be so far off from the others?

One thing that gets missed while communicating the long term nature of stocks is constant ‘evaluation’.

This requires a separate post which I will write next week. But here’s a little gist.

Suppose you make 30% gains in the stock, how will you evaluate the stock?

You will book profits and the stock continues to go up. So you are now looking for something else. It’s a gross waste of time because you again start to wonder whether that ‘Sell’ decision was correct or not.

But you can always check the fundamental thesis behind why did you buy that stock in the first place.

Holding the stock means constant evaluation. Not buying and sleeping it out. Unfortunately, it’s not like that. It’s just glorified wrongly.

Here you are constantly evaluating your stock thesis. If HDFC Bank was good at 100. It should be good at 130, then it should be good at 180 and so on.

With this process, you can hold the stock for the long term. You have to do all the work all the time. That’s why compounding for decades is hard and very few do it.

It’s a lot of work. You have to evaluate the company based on financials, corporate governance, valuation and its competitive advantage.

Think about it – HDFC Bank has made money because it has remained relevant and competitive for the last 2 decades. While many small banks came and went, only a few survived.

It’s not simply buy and hold. While holding you are doing tremendous amount of work.

My thumb rule is Hold decision is much more difficult than Buy or Sell. Because you have to learn to accept the profits or losses on the basis of valuation of the company and not on the basis of our portfolio position.

But I can definitely tell you that, if you take care of the first which is the stock valuation, your portfolio performance takes care of itself. It takes time, but it definitely does.

Surely. Thank you.