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Rishta

Rishta Guru  |7 Answers  |Ask -

Rishta Guru - Answered on Feb 01, 2024

Rishta Guru is a relationship expert whose advice goes beyond romance. Rishta Guru can also guide you about the problems you face at home, with your friends, in your building, at your educational institution or at your workplace.... more
Asked by Anonymous - Feb 01, 2024Hindi
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Relationship

We have been married for two years and in loving relationship before that for two years. My problem is that the love has changed. My husband is no longer the same kind of romantic person. He loves me, he says I love you but the romance is missing. We both work and when we reach home all kinds of practical talks only happens. He is thoughtful, shares the housework, looks after all my needs but I really miss the romantic part that was there earlier and sometimes it makes me irritated and rude. I have tried telling him but he says love changes with time, we are married now and responsible for ourselves. My sister thinks I am being silly but I don’t agree. Why should we have to give up romance? Isn’t it an important part of our life?

Ans: Hi. I understand your frustration. It's completely natural to miss the early stage of romantic intensity in a long-term relationship.

And you're right, romance is an important part of a healthy marriage. It's perfectly valid to want to reignite that spark.

Here are some steps you can take to help your husband understand your concerns:

Communicate effectively

Focus on feelings, not accusations: Instead of saying "You're not romantic anymore!", share how his lack of romantic gestures makes you feel -- unloved, unappreciated, disconnected, unhappy, lonely, ...

Use "I" statements: Express your desire for more romance using phrases like "I would really appreciate it if...." or "I miss when we used to...." so that he does not feel he has to defend himself.

Actively listen to his perspective: Try to understand why he sees things differently. Perhaps work stress is affecting him or he does not know how to express his love differently.

Choose the right time and place: Avoid bringing it up when you're both tired or stressed. Pick a calm moment for a sincere conversation.

Brainstorm together

Instead of demanding specific gestures, discuss what "romance" means to both of you and brainstorm different ways he can express his love that resonate with you.

Schedule "romance time"

Block out dedicated time for romantic activities, even if it's just 30 minutes a week. Take turns planning dates, trying new things or revisiting activities you enjoyed earlier.

Acknowledge his efforts

Appreciate his non-romantic actions that show he cares, like sharing housework. Let him know these actions contribute to your overall feeling of love and security.

Consider professional help

If communication becomes difficult or you struggle to find common ground, consider seeking couples therapy. A therapist can provide a safe space for you both to express your needs and work towards solutions.

You’d get professional help when you are unwell or to file your taxes for example. Why not try it here as well if needed?

Remember:

Love evolves: While the initial passion may change, a deep and meaningful love can grow stronger over time. Focus on nurturing that deeper connection alongside rekindling romantic gestures.

It's a two-way street: Be willing to put in effort as well. Show your appreciation for him, plan romantic gestures for him and be open to his ideas for expressing love.

Be patient: Rebuilding romance takes time and consistent effort. Celebrate small victories and focus on the progress you make together.

Your sister might not fully understand your perspective but your feelings are valid. Don't give up on the romance; instead, find new ways to keep it alive in your marriage.

All the best.

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Love Guru

Love Guru   |187 Answers  |Ask -

Relationships Expert - Answered on Apr 07, 2022

Anu

Anu Krishna  |839 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Apr 21, 2022

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Relationship
 Hello dear, How you handle a relationship where both have love for each other but are not living happily? We are married for 18 years now and have two grown up children.My husband is very good. But he is not expressive. I feel he is very dry and unromantic from the beginning. There is no communication between us...Verbal or physical. I have developed a sort of aversion to him and feel suffocated. I am not able to behave normally with him. I am always upset. Though he is very patient with me. He is very good as a person and has no flaws, but he is always occupied with his work or mobile. I don't know how to handle myself. Please advise how to make the relationship happier though I have no desire to make any efforts now as I feel it's all useless. He doesn't see any problem. He feels this is very normal. The romantic relationship is not real, it's filmy. This is reality. I feel we have a very formal relation. Just for society and children's sake I am stuck to him. I don't want to leave him but I also can't live with him. What to do?
Ans:

Dear SG,

This seems to be a classic case of two opposites in a relationship which is most often the truth. Sometimes it’s a little extreme like in your case.

But even relationships like these can be managed very beautifully.

You can start by

  • Listing down the commonalities between the two of you
  • Developing a new hobby together
  • Appreciating and celebrating your differences
  • Being in a space of gratitude for the silent care and love that he offers

Once he knows that you are making that effort without accusing him or making him feel inadequate, talk to him about what your feelings are how every once in a while, you can be pampered and cared for.

Show him rather than complain. Some men do find it rather difficult to express their love and being very demonstrative.

It’s just a different approach to what you want; when all else fails, you need to try something new to reach your outcome…that’s all….

Most importantly, keep playing in your mind, all the wonderful things that you have shared up until now.

What you choose to focus, grows in the mind…so, focus on what you have, guide him towards what you want and always be in gratitude.

I wish you the most beautiful journey ahead.

..Read more

Anu

Anu Krishna  |839 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Nov 23, 2022

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Relationship
Hi Anu, plz helpI am 42 years old and married since 9 years. We (husband and I) are childless. It's nine years since our marriage but we have not been intimate for even 90 times. My husband has no interest in sex. He had shown interest only in first week of marriage after that He never initiate. I understand his nature and always try to initiate but he always gives cold shoulder, he never reciprocates warmly, never holds me tightly or kisses willing. I always have to force' him or ask him to kiss or hug me. And this turns my mood off. This way we seldom have sex. I eagerly want it at least once a month and have told him, forced him several times but all in vain. I get frustrated. I feel restless. I can't share this with anyone. Whenever I try to get close, he ignores. Both of us respect and love each other. We don’t have extra marital affair. He cares for me too. I feel like running away from this situation but I love him and don’t want to leave him alone. Please respond.
Ans:

Dear Anonymous,

When there is a challenge with physical intimacy, it could be a physiological or a psychological problem. Either case, it needs some treatment.

But the worse could be conditioning about sex from childhood.

We all carry our maps when it comes to sex and beliefs around it. Along comes so many people and media and more who draw on these maps and we are left at the mercy of things that don’t belong to us.

Since he cares for you as you mentioned it, can you request him to sit down with you for an honest conversation where you can express all of this to him.

Who knows he might be willing to understand, and things can flow from there on.

Be kind instead of accusatory in your tone during the conversation. This will help ease him as well. But of course, if he resists the request, you might suggest that he see a professional.

It might again be met with some resistance but well, you need to try every trick in the book to meet an outcome.

Also, be aware that physical intimacy happens when the closeness develops outside the bedroom. So, spend a lot of time together, laugh a lot.

Praise his efforts in the marriage and appreciate the qualities in him.

Most often men who avoid sex simply suffer from low self-esteem and self-worth. So, play along and mean every compliment from the heart.

Best wishes to you!

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Kanchan

Kanchan Rai  |183 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Aug 26, 2023

Asked by Anonymous - Aug 25, 2023Hindi
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Relationship
Hi Mam, I am a 30 year old woman, married since 11 years. My husband is 36 years years old and have a normal intellectual relationship. The problem is since the past 2 years, we have had a very poor physical relationship. we have intercourse once in a month or 2 months (we indulge in foreplay weekly though) since my husband has been facing medical issues relating to the same and somewhat refrains visiting a doctor. He has even confessed to self consummate occasionally. We do not have a child and since many years we have been trying naturally and medically, but results have not come favorable. We have noticed that recently that our interests in each other has begun fading. My husband really loves me and takes care of me at the same time, I love him too, but things have not been very good of late. We both are very eager to start a family as well and plan to go for another medical attempt soon. Can you guide us how to get back to the healthy relationship we had?
Ans: I'm sorry to hear that you're going through a challenging time in your relationship. It's important to address both the physical and emotional aspects of your relationship to work towards a healthier and happier dynamic. Here are some steps you can consider:

Open Communication: Sit down with your husband and have an open and honest conversation about your feelings and concerns. Share your thoughts about the changes in your physical relationship, the impact it's having on your emotional connection, and your mutual desire to start a family.
Seek Professional Help: Since your husband is experiencing medical issues related to your physical relationship, it's crucial for him to consult a doctor. Encourage him to see a medical professional who specializes in sexual health. It's common for people to feel uncomfortable discussing such matters, but a doctor's guidance can help identify the underlying issues and recommend appropriate treatment.
Counseling or Therapy: Consider seeking couples therapy or counseling to address the emotional aspects of your relationship. A therapist can help both of you communicate more effectively, understand each other's needs, and work through any emotional barriers that might be affecting your intimacy.
Quality Time: Spend quality time together outside of your physical relationship. Engage in activities you both enjoy, communicate openly, and strengthen your emotional bond. This can help rekindle the connection you had before.
Support Each Other: Going through medical challenges and fertility issues can be emotionally draining. Support each other during this time by being patient, understanding, and showing empathy. Remember that you're a team, facing these challenges together.
Intimacy Beyond Sex: Explore ways to maintain intimacy that don't necessarily involve intercourse. Engage in activities that foster emotional closeness, like cuddling, holding hands, or having deep conversations.
Manage Stress: Fertility struggles and relationship issues can lead to increased stress. Find healthy ways to manage stress, such as exercise, meditation, or engaging in hobbies you enjoy.
Set Realistic Expectations: While it's natural to want to conceive and start a family, try not to let this desire put excessive pressure on your relationship. Setting realistic expectations and timelines can help alleviate some of the stress.
Rediscover Each Other: Take time to learn about each other anew. People change over time, so invest effort into discovering your partner's evolving interests, dreams, and aspirations.
Stay Positive: It's important to maintain a positive outlook. Focusing on the strengths of your relationship and the progress you make, both emotionally and physically, can make a significant difference.
Remember that relationships go through ups and downs, and it's not uncommon to face challenges. With open communication, patience, and a willingness to work together, you can navigate these difficulties and work towards reestablishing a healthy and fulfilling relationship. If needed, consider reaching out to professionals, such as therapists or doctors, to provide specialized guidance.

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Ramalingam

Ramalingam Kalirajan  |2029 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 12, 2024

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Money
I am 35 years of age and working in a PSU. I have following savings 1. PPF of amount 26L , contributing 1.5L each year. 2. PF around 10L. 3. NPS around 1L ( just started ). 4. FD around 10L. 5. SIP around 45000 each month having total portfolio of around 32L in MF including SIP and lumpsum. Want to increase SIP gradually to 1L per month in next 7 years . I do not have any type of loans. Pls suggest any adjustment in my savings and portfolio if any.
Ans: It's evident that you've been diligent in your savings and investments, which is commendable. Your portfolio reflects a balanced mix of traditional and market-linked instruments, providing stability and growth potential.

Given your age and financial goals, here are some suggestions to optimize your savings and portfolio:

PPF and PF: With a substantial amount in PPF and PF, you're already on track for long-term savings. Since both these instruments offer tax benefits and stable returns, continue contributing to them regularly to maximize their growth potential.

NPS: It's great that you've initiated investments in the National Pension System (NPS). NPS offers a combination of equity, corporate bonds, and government securities, providing diversification to your portfolio. Consider increasing your contributions gradually to build a robust retirement corpus.

FD: While Fixed Deposits provide safety and guaranteed returns, the interest rates may not always beat inflation, leading to erosion of purchasing power over time. Evaluate whether you can allocate a portion of your FD corpus to more growth-oriented instruments like mutual funds for better returns in the long run.

SIPs: Your SIP investments of ?45,000 per month show a commitment to wealth accumulation through equity mutual funds. Increasing the SIP amount gradually to ?1 lakh per month over the next seven years aligns with your goal of enhancing wealth creation. Ensure that you review and adjust your SIPs periodically based on market conditions and your financial goals.

Portfolio Rebalancing: Regularly review your portfolio to ensure it remains aligned with your risk tolerance and financial objectives. Consider rebalancing your portfolio periodically to maintain the desired asset allocation mix and optimize returns.

Emergency Fund: It's essential to have an emergency fund equivalent to 6-12 months of living expenses in a liquid and easily accessible account. If you haven't already, consider setting aside a portion of your savings for this purpose to handle unforeseen expenses without disrupting your long-term investments.

Overall, your savings and investment approach indicate a disciplined approach towards financial planning. By making gradual adjustments and staying committed to your financial goals, you're well-positioned to achieve financial security and prosperity in the years ahead.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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Ramalingam

Ramalingam Kalirajan  |2029 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 12, 2024

Asked by Anonymous - May 12, 2024Hindi
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Money
Sir I am in 24 years old.and I continuing sip 2500 in small cap and 2000 in contrafund .after 10 years what ammount I receive.
Ans: It's wonderful to hear that you're committed to investing at such a young age. Starting early is a commendable move towards securing your financial future.

Your SIP strategy of investing ?2500 in a small-cap fund and ?2000 in a contra fund reflects a balanced approach to wealth accumulation. Small-cap funds typically offer high growth potential, albeit with higher volatility, while contra funds aim to pick undervalued stocks for long-term growth.

Over a decade, your investments could potentially grow significantly due to the power of compounding. However, predicting the exact amount after ten years is challenging due to market fluctuations and fund performance variations.

With small-cap funds, you're positioned to benefit from the growth potential of smaller companies, which can lead to substantial returns over the long term. However, it's important to note that small-cap investments come with higher risk due to their susceptibility to market volatility and economic downturns.

Contra funds, on the other hand, aim to identify stocks that are trading below their intrinsic value, potentially offering higher returns when these stocks revert to their fair value. However, they also carry risk, as the timing of the market's recognition of undervalued stocks can vary.

As a Certified Financial Planner, I advise reviewing your investment strategy periodically to ensure it aligns with your financial goals and risk tolerance. Additionally, diversifying your portfolio beyond just small-cap and contra funds could further mitigate risk and enhance returns.

In conclusion, while it's challenging to predict the exact amount you'll receive after ten years, your disciplined approach to SIP investing sets a strong foundation for building wealth over time.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2029 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 12, 2024

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Money
I am handicapped male with DOB 21/01/1990. I am handicapped from birth due to cerebral palsy. I undergone surgery for recoupment of handicappness. I also suffers from Asthama. Which company can offer health insurance to me?
Ans: I can offer general guidance to help you find health insurance as someone with pre-existing conditions.

In India, several companies offer health insurance plans for individuals with pre-existing conditions like cerebral palsy and asthma. Here are some steps to find suitable coverage:

Research Companies: Consider reputable health insurance companies in India known for offering plans to people with pre-existing conditions. You can search online or consult an insurance broker for recommendations.

Contact Insurance Companies: Reach out to shortlisted companies and inquire about their plans for pre-existing conditions. Ask about coverage details, exclusions, and claim settlement procedures.

Compare Plans: Carefully compare plans from different insurers. Consider factors like coverage details, deductibles, co-pays, network hospitals, and premium costs.

Here are some resources that might be helpful in your research (avoiding mentioning specific companies):

Regulatory Body: Insurance Regulatory and Development Authority of India
Health Insurance Information: General Insurance Council [invalid URL removed]
Additional Tips:

Be upfront about your pre-existing conditions when contacting insurance companies.
Inquire about waiting periods for specific treatments or procedures.
Understand the claim process and required documentation.
Remember, consulting a qualified insurance broker can be helpful, especially when navigating plans with pre-existing conditions. They can assist you in comparing plans, understanding coverage details, and finding the most suitable option for your needs.

For personalized advice tailored to your specific situation, consider consulting with a Certified Financial Planner or tax advisor.

Best Regards,

K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2029 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 12, 2024

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Money
Hi, iam 40 years old working woman, My husband is a software employee age 42 years. We have a daughter of 7 years old. We like to take good health insurance plan for 3 of us. Can you suggest the best one please?
Ans: It's great that you're considering a health insurance plan to secure your family's well-being. When selecting a health insurance plan, several factors come into play, including coverage, premiums, network hospitals, and additional benefits. Here are some tips to help you choose the best one:

Assess your family's healthcare needs: Consider factors like existing medical conditions, expected healthcare expenses, and any specific requirements related to treatments or procedures.

Comprehensive coverage: Look for a health insurance plan that offers comprehensive coverage for a wide range of medical expenses, including hospitalization, daycare procedures, pre and post-hospitalization expenses, and critical illnesses.

Network hospitals: Check the list of network hospitals associated with the insurance provider to ensure accessibility to quality healthcare facilities in your area.

No claim bonus (NCB) and benefits: Evaluate if the plan offers incentives like no claim bonus for claim-free years, health check-up benefits, and wellness programs to promote preventive healthcare.

Claim settlement ratio: Review the insurer's claim settlement ratio, which reflects their track record of processing and settling claims efficiently.

Affordability: While opting for a comprehensive plan is essential, ensure that the premium fits within your budget and offers value for money in terms of coverage and benefits.

Based on these considerations, you can explore health insurance plans offered by reputed insurers like HDFC ERGO Health, ICICI Lombard, Apollo Munich, or Max Bupa. Compare their features, coverage limits, exclusions, and premiums to select the one that best meets your family's needs.

Before finalizing the plan, read the policy documents carefully, including terms and conditions, exclusions, and claim procedures, to have a clear understanding of what is covered and any limitations.

Additionally, consider consulting with a licensed insurance advisor or Certified Financial Planner to receive personalized recommendations based on your specific requirements and financial situation.

Best Regards,

K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2029 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 12, 2024

Asked by Anonymous - Feb 07, 2024Hindi
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Money
I am 48 years old and my monthly income is 1.4 Lac. My existing investment is PPF 1.5 Lakh/year and 18 Thousand Term insurance and Bank FD's. I want to invest in NPS about 50 Thousand/Year. What option to select to earn at least 8% with lower risk. Also let me know what are other options for investment with lower risk?
Ans: Hello Mr. Kumar Shashi Raj,

It's excellent that you're considering diversifying your investments and planning for your future. Given your income and investment goals, let's explore some options:

NPS (National Pension System):

NPS offers different investment options with varying levels of risk and potential returns.
For your objective of earning at least 8% with lower risk, you can consider investing in the "Moderate" or "Conservative" asset allocation options.
These options typically invest a higher proportion of funds in debt instruments, providing stability and lower volatility compared to equity-heavy options.
While NPS offers the potential for attractive returns over the long term, it's essential to understand that past performance is not indicative of future results.
Other options for investment with lower risk:

Debt Mutual Funds: These funds primarily invest in fixed-income securities like bonds and government securities, offering relatively stable returns with lower risk compared to equity investments.
Public Provident Fund (PPF): Since you're already investing in PPF, you can continue to maximize contributions to this tax-efficient instrument, which offers attractive returns along with tax benefits.
Bank Fixed Deposits: FDs provide a fixed rate of interest and are considered low-risk investments. However, they may offer relatively lower returns compared to other investment avenues like mutual funds or NPS.
Government Savings Schemes: Options like Senior Citizen Savings Scheme (SCSS) and Post Office Monthly Income Scheme (POMIS) offer fixed returns with capital protection, making them suitable for conservative investors.
When selecting investment options, consider factors like your risk tolerance, investment horizon, and financial goals. Diversifying across asset classes can help mitigate risk and optimize returns over the long term.

Consulting with a Certified Financial Planner can provide personalized guidance tailored to your specific financial situation and goals.

Best Regards,

K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2029 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 12, 2024

Asked by Anonymous - Feb 19, 2024Hindi
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Money
I am 53 with 1 cr corpus , invested in MF( lump sum - equity and SIP of 85 k month for last 2 years) PPF, NSC, stocks, FD . I have 2 children one is working and the daughter is in 12 would like to pursue medicine . I want to know the following A. How do I plan my finances ahead ? B. My daughters education ? My pension ? C. A medical policy is there for 26 lakhs for a family of 4 . Is that enough or I need to take another policy ? D. What amount should I have to lead a decent and comfortable life . Without depending on kids .( have a house of my own ) Kindly help / advice .
Ans: Hello Mr. Kumar Shashi Raj,

It's great that you're actively planning for your financial future and your children's education. Let's address your concerns step by step:

A. Planning your finances ahead:

With a corpus of 1 crore and diversified investments like MFs, PPF, NSC, stocks, and FDs, you're on the right track.
Consider reviewing your investment portfolio periodically to ensure alignment with your financial goals and risk tolerance.
Continue your SIPs and monitor the performance of your equity investments.
Explore options for retirement planning to secure a steady income post-retirement. You can consider instruments like NPS or annuities for this purpose.
B. Your daughter's education:

Since your daughter aims to pursue medicine, it's crucial to plan for the substantial expenses associated with her education.
Estimate the cost of her medical education and explore education loans, scholarships, or other funding options to supplement your savings.
Consider investing in instruments like mutual funds or fixed deposits specifically earmarked for her education expenses.
C. Medical insurance:

Your existing medical policy covering 26 lakhs for a family of four is a good start.
However, considering rising healthcare costs and the possibility of unforeseen medical emergencies, it's advisable to assess if this coverage is adequate.
Evaluate the premium versus coverage benefits and consider topping up your existing policy or purchasing an additional policy for enhanced coverage.
D. Retirement planning and leading a comfortable life:

Determine your desired post-retirement lifestyle and estimate your retirement expenses, including healthcare, travel, and other essentials.
Calculate the corpus required to generate a steady income stream post-retirement, considering factors like inflation and life expectancy.
Aim to build a retirement corpus that can sustain your lifestyle without relying on your children's financial support.
Maximize contributions to retirement-oriented schemes like NPS or voluntary provident fund to boost your retirement corpus.
Regularly reassess your financial plan and make adjustments as needed to stay on track towards your financial goals.

Best Regards,

K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

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Ramalingam

Ramalingam Kalirajan  |2029 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 12, 2024

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Hello Sir, I am Kumar Shashi Raj, I made a payment for my Axis bank credit card dues on 31.1.2024 from SBI internet banking, its Last date was 05.02.2024, but payment not reflected in Axis bank credit card dues nor returned to my SBI account till 14th Feb 2024, due to delay I have been charge penalty and interest, and bad effect on my CIBIL score. I raised complains to Axis Bank Credit card department and SBI. but I did not get concrete answer from them. I got a reply from Axis bank saying that UPDATE FROM AGGREGATOR THAT THERE WAS A DOWN TIME ISSUE FROM SBI, due to this the payment has been failed. I just want to know who is responsible Axis Bank or SBI and how to raise complain against them so that penalty, interest, and effect on CIBIL score, mental trauma I have borne. I want justice.
Ans: Hello Mr. Kumar Shashi Raj,

I understand the frustration and inconvenience you've faced due to the delay in your credit card payment reflecting on your Axis Bank account. It's indeed disheartening to experience such issues, especially when you've taken timely action to fulfill your financial obligations.

It's essential to determine accountability in situations like these. While Axis Bank has mentioned a downtime issue from SBI, it's crucial to delve deeper into the matter to ascertain where the responsibility lies. Both institutions play integral roles in the transaction process, and pinpointing the exact cause of the failure is essential to seek redressal.

Your proactive approach in raising complaints with both Axis Bank and SBI is commendable. However, if you haven't received satisfactory responses, you may consider escalating the matter further. You can approach the banking ombudsman, a regulatory body established to address grievances related to banking services. They can investigate the issue impartially and facilitate a resolution.

Meanwhile, to mitigate the adverse impact on your financial standing, you can request Axis Bank to waive off the penalty and interest charges, citing the delayed payment due to technical issues beyond your control. Additionally, you may inquire about any measures they can take to rectify the effect on your CIBIL score.

Remember to keep documentation of all communication and transactions related to this issue for future reference.

Stay resilient throughout this process. Justice may take time, but your persistence can lead to a favorable outcome.

Best Regards,

K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

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Ramalingam

Ramalingam Kalirajan  |2029 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 12, 2024

Asked by Anonymous - Feb 20, 2024Hindi
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Hello Sir, I am 46 Y Old , and I lost my Job . I have 2 kids . One require money from 2024-2028 ( 6L per annum) other kid require money from 2028-2032. I saved and keep aside 60 L for their education . I have today 71 L of EPF . My wife earn 50 K per month which is sufficent for us to run the home and some money put in health insurance and term insurance. I will reinvest any interest earn from these two invest ments ( 60 L and 71 L). 60 L Break Up is 14.5 L Mumtual fund , 25L PPF maturing in 2026, 10 L Government Bond maturing in 2024 3.4 L NSC maturing in 2032, 2.3L gold bond, 2 L Shares, 4 L FD. Please let me know can I have retirement life with 70 K from interests earning if i do not get job.
Ans: It's understandable that you're concerned about your financial security after losing your job, especially with two children's education expenses to consider. Let's assess your current financial situation and retirement prospects:

Education Fund:

With 60 lakhs set aside for your children's education, you have a significant portion of their expenses covered. Ensure that these funds are invested appropriately to generate returns that align with the time horizon of their education needs.
EPF and Other Investments:

Your EPF corpus of 71 lakhs, along with your other investments in mutual funds, PPF, government bonds, NSC, gold bonds, shares, and FDs, forms a substantial part of your financial assets.
Review the performance and asset allocation of these investments to ensure they are diversified and positioned to provide growth and stability over the long term.
Retirement Planning:

With a monthly interest income target of 70,000 rupees, you'll need to calculate the rate of return required on your investments to achieve this goal. Given the current interest rate environment, it may be challenging to generate such high returns without taking on significant risk.
Consider consulting with a financial advisor to assess your risk tolerance, investment options, and retirement goals. They can help you develop a personalized retirement plan that balances risk and return effectively.
Contingency Planning:

While your wife's income covers household expenses, it's essential to have a contingency plan in case of unexpected expenses or emergencies. Maintain an emergency fund equivalent to 6-12 months' worth of living expenses to provide financial stability during challenging times.
Reassessing Retirement Income:

Depending solely on interest income from your investments for retirement may not be sufficient, especially considering inflation and rising living costs. Explore additional income streams or part-time work opportunities to supplement your retirement income.
In conclusion, while your current investments provide a solid foundation, achieving your retirement income target solely through interest earnings may require a review of your investment strategy and retirement goals. Consider seeking professional financial advice to optimize your portfolio and plan for a secure retirement.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2029 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 12, 2024

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Hello Sir, I have taken a home loan from HDFC. Now only 27 EMI are to be paid. My current rate of interest is 8.55%. Yesterday, I received an email from HDFC saying that I can opt for a fixed rate of interest for the remaining tenure. They have not given that fixed rate of interest in the email. My question is that should I opt for the offer? Can you please suggest if it would be beneficial for me or not? Thanks in advance for your advice. - Satish
Ans: Hello Satish,

It's great that you're considering your options regarding your home loan. Opting for a fixed interest rate can provide stability and predictability to your monthly payments, but it's essential to evaluate whether it's the right choice for you. Here are some factors to consider:

Fixed vs. Floating Rate: Compare the current floating rate of interest (8.55%) with the fixed rate offered by HDFC. If the fixed rate is lower than your current floating rate, it could potentially save you money over the remaining tenure of your loan.

Future Interest Rate Trends: Assess the prevailing economic conditions and interest rate outlook. If there's a possibility of interest rates rising in the future, locking in a fixed rate now could protect you from potential increases in your monthly payments.

Your Financial Situation: Consider your financial stability and ability to afford potential fluctuations in your monthly payments. Fixed-rate loans offer certainty, but they may have slightly higher initial EMIs compared to floating-rate loans.

Loan Duration: Since you have only 27 EMIs remaining, the impact of interest rate fluctuations may be limited. Evaluate whether the potential savings from switching to a fixed rate justify any associated costs or changes in your monthly budget.

Terms and Conditions: Review the terms and conditions of the fixed-rate offer carefully. Understand any associated fees, penalties, or restrictions that may apply.

Ultimately, the decision to opt for a fixed interest rate depends on your individual preferences, risk tolerance, and financial goals. If you prioritize stability and prefer knowing exactly what your monthly payments will be, opting for a fixed rate may offer peace of mind.

Before making a decision, I recommend reaching out to HDFC to request the specific fixed interest rate offered and to clarify any doubts or concerns you may have. Additionally, consider consulting with a financial advisor or mortgage expert who can provide personalized advice based on your situation.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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