What Happens to Loan EMIs and Autopay Mandates If You Die Before Anyone Tells the Bank
A family dealing with a sudden death has, understandably, a hundred more urgent things on their mind than online banking. The funeral, the paperwork, the phone calls to relatives. Somewhere in the middle of all that, a bank account that belonged to the…
Recurring Deposit Interest Is Taxed Every Year, Not Just at Maturity, Here’s the Surprise Waiting at Tax Time
Priya opened a five year RD three years ago, ₹8,000 a month, specifically because she liked the idea of not touching the money or thinking about it until it matured. That was the whole appeal, set it, forget it, deal with it later. This year, going…
You Agreed to Be a Loan Guarantor for a Friend or Family Member. Here’s What Happens If They Default or Die
Two employees at a post office in Uttar Pradesh signed as guarantors for a colleague’s loan, the kind of favour that probably felt routine at the time, a signature, a formality, a way of helping someone out. Their colleague later defaulted. When…
Nominee vs Will: Who Has the Legal Right to Your Money and Property in India?
Nominee or Will — who actually gets your money, investments, insurance and property after your death? This is one of the most common questions in personal finance, and also one of the most misunderstood. Many people believe that if they have named their…
Lost Your Job With EMIs Still Due? Here Is Exactly What Happens Next and What You Can Legally Do
A friend of mine was let go in a mid-year restructuring two years ago, and the first thing he did that week was not update his resume. It was open his loan app and check how many EMIs he had running at once, because the panic of a sudden income stop hits…
Bank Lost Your Property Documents? Here’s the Legal Process to Get Justice
A Bengaluru homeowner spent 20 years paying off a home loan of ₹1.86 crore. When he finally went to collect his original sale deed after full repayment, the bank couldn’t find it. Not delayed — lost. What followed became one of the most closely…
RBI’s UDGAM Portal: How to Check If You Have Forgotten Money Sitting in an Old Bank Account
Anand had switched jobs four times in his career, and with every switch, a new salary account had opened somewhere, sometimes because his new employer had a tie-up with a specific bank, sometimes just out of convenience. He was cleaning out an old…
Joint Account vs Individual Account for Spouses: Which One Actually Makes Financial Sense
Neha and Vikram had been married for four months when the question came up almost by accident, while they were filling out a form for their new apartment’s maintenance deposit. “Should we just open one account together?” Vikram asked,…
What Happens to Your Money If Your Bank Shuts Down? The DICGC Insurance Guide Every Indian Should Read
Kavita had ₹9 lakh sitting in a fixed deposit with a small cooperative bank near her home, the same bank her parents had used for thirty years, the same bank where the manager knew her by name and always kept a plate of biscuits on the counter. She never…
Digital Arrest Scam Explained: How It Works, Why It Targets Elderly People, and What To Do
Ramesh Uncle, a retired bank employee in his seventies, was home alone one afternoon when his phone rang. The caller introduced himself as an officer from the Cyber Crime Cell and said a courier parcel booked in Ramesh Uncle’s name had been…