How much cash do you guys carry in your wallet?
In this era of UPI apps, it's hard to save. Thinking about keeping cash in my wallet, but it comes with a risk of being stolen or worse. What's an acceptable/ comfortable amount of cash that you guys k
Why? you can easily get a HDFC Tata Neu rupay card or even a card from the bank.
As long as you are employed or you can get one keeping an FD as a security
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I just want to understand whether this could become another potential debt trap for Indians
Imagine instead of keeping your money in boring savings account, you could simply do an FD of it and get good interest rates, but also get a steady no interest credit line upto FD amount to be used by you for daily expenses?
Basically your money will
getting a credit card in india is really tough even when you have a good salary you won't get a credit card because of no credit score don't you think this is a hurdle
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Entry level Salary offered by IT firms in 2003-04: around 2.5-3Lakhs.
Entry level Salary in 2022: around 3-3.5Lakhs.
Inflation every year is around 6-7%.
Yet FD is where 58% of Indians have invested.
FD is safe
FD ensure liquidity
FD return doe
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