Daily Money Matters - A Personal Finance Channel for Indians

@indianpersonalfinance

Indian Personal Finance Community! Updates Channel : @IndianPersonalFinance Discussion Rules: @DailyMoneyMattersRules

Daily Money Matters - A Personal Finance Channel for Indians (English)

Are you looking to take control of your finances and secure a better future for yourself and your family? Look no further than Daily Money Matters - A Personal Finance Channel for Indians! Whether you're just starting out on your financial journey or looking to grow your wealth, this channel is the perfect companion to help you make informed decisions and achieve your financial goals. Who is Daily Money Matters? Daily Money Matters is a dedicated channel for Indians who want to learn more about personal finance, investing, budgeting, and saving. With expert insight and practical tips, this channel is designed to empower individuals to take charge of their money and build a secure financial future. What is Daily Money Matters? Daily Money Matters is a one-stop destination for all things related to personal finance. From budgeting and saving strategies to investment opportunities and retirement planning, this channel covers it all. Stay updated on the latest financial news, trends, and tips to make the most of your money and secure a stable financial future. Join the Indian Personal Finance Community! By joining Daily Money Matters, you become a part of a vibrant community dedicated to helping each other achieve financial success. Share your experiences, ask questions, and engage with like-minded individuals who are committed to improving their financial literacy and securing a better future for themselves and their loved ones. Why choose Daily Money Matters? Daily Money Matters offers valuable insights, expert advice, and practical tips to help you navigate the complex world of personal finance. Whether you're looking to save for a big purchase, invest for the future, or plan for retirement, this channel has you covered. Take the first step towards financial security and join the Indian Personal Finance Community today! Don't miss out on the opportunity to improve your financial literacy and secure a better future for yourself and your family. Join Daily Money Matters - A Personal Finance Channel for Indians today and take control of your money matters!

Daily Money Matters - A Personal Finance Channel for Indians

25 Aug, 06:12

Looking at uncertainty around Telegram; this might effect our community channel and chat group.

Please join the following sub of Reddit.

https://www.reddit.com/r/IndianPersonalFinance

This telegram channel will still stay active until we are forced to close.

P S. The link is correct, you'll have to download the reddit app to join that group.

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Daily Money Matters - A Personal Finance Channel for Indians

24 Jul, 06:03

https://youtu.be/Pj4nFvgzZCo?si=Ip5IQwGDHnqKrlbx

An elaborate video on tax system of the Indian government and an idea on where it is spent.
Also a very well portray how finances can be discussed without involving politics.

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Daily Money Matters - A Personal Finance Channel for Indians

16 Apr, 15:20

Source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12663&Mode=0

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Daily Money Matters - A Personal Finance Channel for Indians

16 Apr, 15:19

📢 The Reserve Bank of India has announced new guidelines that will change the way retail consumers consume loan products significantly.

Starting October 1, 2024, all banks and NBFCs, will adopt a simplified guideline to ensure transparency and empower borrowers:

🔹 Standardized Key Facts Statement: All loan terms & conditions will be presented in an easy-to-understand format, ensuring clarity right from the start. This document will be called KFS - Key Facts Statement

🔹 Clear APR Disclosure: Actual annual cost of your credit, inclusive of ALL fees, with the disclosed Annual Percentage Rate (APR). So no flat rate, monthly rate gimmicks anymore.

🔹 Detailed Amortization Schedule: Get a clear breakdown of payments with a comprehensive amortization tabular format.

🔹 Equated Periodic Installment (EPI) Details: Understand exactly what is due, when and what it covers. This will ensure more clarity on repayments.

🔹 Transparency Boost: No hidden fees! Charges not mentioned in the Key Facts Statement cannot be added without consumer's permission.

These changes are designed to give you more control and a better understanding of your financial products.
Get ready for a more transparent and informed borrowing experience!

A good move from the RBI!

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Daily Money Matters - A Personal Finance Channel for Indians

05 Apr, 05:36

An insightful webinar hosted by Deloitte India on the digitisation of provident fund contributions by EPFO.

Discover the impact on compensation, industry practices, and the way forward.

Don't miss out, register now:
deloi.tt/49kmm5P

Starting shortly at 11:30 AM

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Daily Money Matters - A Personal Finance Channel for Indians

11 Mar, 10:08

Excel Sheet to Plan Buying of House.

Free to use/modify/forward with credit.

Comment for any feedback or corrections.

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Daily Money Matters - A Personal Finance Channel for Indians

22 Feb, 05:42

This report is to highlight the crucial role of understanding the unique personalities, demographics, and generation profiles of individuals in cra ting financial plans, thus making them hyper-personalised.

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Daily Money Matters - A Personal Finance Channel for Indians

29 Dec, 08:44

Donald duck can teach you about investment and economy better than most economists.

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Daily Money Matters - A Personal Finance Channel for Indians

01 Dec, 15:31

🌟 Exciting News for Our Community! 🌟

Based on our recent one-on-one surveys, we've heard your concerns loud and clear: privacy matters, especially when it comes to personal finance discussions.

🔒 We're thrilled to introduce a new platform for more private and secure conversations about personal finance – join us on Reddit! Dive into deeper discussions, share insights, and get advice while enjoying enhanced privacy.

👉 Check it out now: https://www.reddit.com/r/IndianPersonalFinance/

Let's continue our financial journey together, with the privacy you deserve! 🚀💬

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Daily Money Matters - A Personal Finance Channel for Indians

14 Nov, 12:05

📊 Consumer Price Index (CPI) Report - October 2023

📌 Highlights:

📈 Inflation Rates (Combined)

General Inflation: 4.87 %
Food & Beverage: 6.24 %
Clothing & Footwear: 4.31 %
Housing: 3.80 %
Fuel & Light: -0.39 %
Health: 5.88 %
Transport and Communication: 1.96 %
Education: 5.07 %
📋 Additional Info:

Released by the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI).
Data collected from 1114 urban markets and 1181 villages covering all States/UTs.
🔗 Source: MoSPI Press Release
https://www.mospi.gov.in/sites/default/files/press_release/CPI_PR_13nov23.pdf

📢 Stay informed and share with others!

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Daily Money Matters - A Personal Finance Channel for Indians

11 Nov, 07:52

📊 Naukri JobSpeak Report - October 2023 Highlights 📊

🔹 Industry Trends: The report shows significant growth in sectors like Oil & Gas, Pharma/Biotech, and Banking/Financial Services. These sectors lead the job market with notable increases in job creation.

🔹 City Insights: Cities like Ahmedabad, Delhi NCR, and Pune are seeing the highest growth, particularly in the Oil & Gas sector. Emerging job hubs include Vadodara and Jaipur.

🔹 Experience-Level Analysis: There's a rising demand for seasoned professionals, with those having over 16 years of experience witnessing a significant hiring boost.

Stay updated with the latest job market trends in India. Read the full report for more detailed insights!

https://www.ieplads.com/mailers/2023_ui/naukri/job-speak-06nov/images/Naukri-jobspeak-Report-Oct-2023.pdf

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Daily Money Matters - A Personal Finance Channel for Indians

12 Oct, 15:24

📊 Consumer Price Index (CPI) Report - September 2023

📌 Highlights:

📈 Inflation Rates (Combined)

General Inflation: 5.02%

Food & Beverage: 6.30%
Clothing & Footwear: 4.61%
Housing: 3.95%
Fuel & Light: -0.11%
Health: 5.91%
Transport and Communication: 2.28%
Education: 5.26%

📋 Additional Info:

Released by the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI).
Data collected from 1114 urban markets and 1181 villages covering all States/UTs.

🔗 Source: MoSPI Press Release
https://www.mospi.gov.in/sites/default/files/press_release/CPI_PR_12oct23.pdf

Feel free to share and stay updated! 📢

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Daily Money Matters - A Personal Finance Channel for Indians

29 Sep, 04:25

https://whatsapp.com/channel/0029Va5s7WAHFxP5eejERi1J

Linking WhatsApp Channel.

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Daily Money Matters - A Personal Finance Channel for Indians

14 Sep, 17:23

📢 Important Update from RBI

📄 Circular: RBI/2023-24/60
🏦 Applicability: All Commercial Banks, NBFCs, Co-operative Banks, etc.

🔍 Key Highlights

1️⃣ Responsible Lending Conduct: Guidelines have been issued to ensure that all Regulated Entities (REs) release movable/immovable property documents upon full repayment and closure of personal loans.

2️⃣ Timeframe for Release: REs must release all original property documents and remove charges within 30 days after full repayment.

3️⃣ Compensation for Delay: ₹5,000/- per day will be compensated for each day of delay attributable to the RE.

4️⃣ Effective Date: Applicable for cases due on or after December 1, 2023.

🔗 For more details, visit RBI Official Circular:
https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12535&Mode=0

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Daily Money Matters - A Personal Finance Channel for Indians

26 Aug, 06:48

Introducing Weekend Financial Discussions:

Every Friday a broad financial topic will be decided by the members of the group for weekend discussion.
All the discussion shall take place on:
https://t.me/DailyMoneyMatters

Reply to this post with topic suggestion.
Most upvotes by end of Friday stays the topic for Weekend.

Here's a topic for this weekend to get everyone started:

Mutual Funds vs Direct Stock Market Investing

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