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Indian Express
3 days ago
- Business
- Indian Express
‘My Gpay account is linked to hers, my OTPs come on her phone': Sara Ali Khan reveals how she manages finances
Sara Ali Khan recently opened up about her finances, sharing valuable insights into where she invests and who handles her accounts. 'I've learnt about the pie — basically, small things distributed in many instruments. My mom handles my money entirely, even my Gpay account is linked to her, my OTPs come on her phone,' said the Simba actor at the Times Now Summit 2025. When prodded about whether she receives pocket money, like all used to back in school, she shared, 'Forget pocket money, I can't book a ticket without asking her,' she said, adding that she generally invests in 'real estate, stock market, gold bonds, the usual.' Sara's revelation that her mother handles her investments brings us to a critical discussion that necessitates conversations surrounding financial literacy. Mukesh Pandey, Director of Rupyaa Paisa, told that in this day and age, it is no longer a matter of choice — the essential foundation of understanding financial instruments is a must now. 'Having even a basic understanding of key financial instruments like Fixed Deposits, Mutual Funds, Public Provident Fund (PPF), Health & Life Insurance, National Pension Scheme (NPS), Share Investment Plans (SIP) will allow you to keep some control of your financial journey and decisions,jh' he said. According to Panday, India is still far behind in financial literacy. 'A SEBI survey found that only 27% of Indians are financially literate. This suggests that almost three-fourths of our population may be investing without fully understanding where their money is going and what risk issues a particular instrument is associated with,' he shared. Giving an example of mutual funds, Pandey said that various people have invested in them with their focus on returns, but are unaware of where mutual funds fit in the investment risk spectrum. 'They also won't know about exit loads, and of course, they probably do not know that there is a difference between equity mutual funds and debt mutual funds,' he explained. When it comes to fixed deposits, which are a relatively safe option, understanding the impact of inflation on real returns becomes crucial. Someone may over-allocate to Fixed Deposits, thereby harming long-term wealth. With even basic knowledge, many of these mistakes can be avoided. Today, digital accessibility has already made financial products a click away, but with that ease of access comes responsibility. 'Understanding how to benefit from compounding through SIPs, tax-saving opportunities through ELSS or PPF, or even knowing the difference between term insurance and an investment-linked policy can change your financial journey,' stressedPandey. Instead of just letting someone else manage your money, he believes it is crucial to create awareness around your money; ultimately, awareness is the biggest asset you could have. 'Consider that simply making a habit of 15 minutes a week to inform yourself about a financial concept will change the game of financial understanding and ultimately planning,' she said, adding that 'financial awareness is not about knowing all – it is about knowing enough and protecting your future'.
New Indian Express
06-05-2025
- New Indian Express
Three arrested for abducting, robbing youngster in Ernakulam
KOCHI: The police have arrested three youths for abducting, harassing and snatching the mobile phone and gold chains of a youngster in Elamakkara last week. Irfan Imthiyas, 19, Irfad Iqbal, 20, and Adith Rajesh, 19, all Kochi residents, were arrested by the Elamakkara police for assaulting Abhijith, 20, a resident of Kallambalam in Thiruvananthapuram over a monetary dispute. Elamakkara SI Manoj said the incident took place around 11.15 pm on Saturday, while Abhijith and a friend went out to have food and were chatting outside a shop near Deshabhimani Road in Kaloor. 'Two of the accused arrived on a bike and questioned the duo over their presence at the spot. They then abused them verbally. When the duo tried to leave, the accused persons blocked their scooter, took the keys, and snatched their mobile phones while demanding money. When the victims couldn't pay, the two made one of the victims (Abhijith) get on their bike and took him near Kaloor stadium,' said Manoj. There, the third accused joined the two and snatched the victim's iPhone along with two gold chains, each weighing about one sovereign, the SI said 'They also forcibly transferred Rs 6,400 from the victim's account to the third accused's account in two transactions via Gpay,' he said. The trio was produced before the court and remanded in judicial custody.
Hindustan Times
29-04-2025
- Hindustan Times
Chandigarh cop duped of 3.9 lakh in cyber fraud
Assistant sub-inspector Om Parkash of Sector-40A, was duped of ₹3,90,000 from his bank account after falling victim to a scam while trying to recharge his OTT platform subscription. The incident began on February 9, when ASI Om Parkash, while trying to recharge his OTT platform scanned the code on the screen via his Gpay account. However, despite completing the recharge, the channel on his television did not resume. Following this, Om Parkash attempted to contact the OTT platform's customer service through a number he found online. He spoke to a person claiming to be from the service's support team. After verifying the details, the individual said that the recharge code had been sent to his email and instructed him to enter his email password to access it and asked him to keep refreshing his TV. Suspicious of the situation, Om Parkash switched off his phone and checked his bank account. Initially, no money was deducted. However, on February 22, a sum of ₹3,90,000 was deducted in two transactions — ₹2 lakh and ₹1.9 lakh. The bank alerted him about the unauthorised withdrawal on February 24, and he immediately lodged a complaint with both the bank and the cybercrime unit. After investigation, Chandigarh Police registered a case under sections 319(2), 318(4), 336(3), 338, 340(2), and 61(2) of the BNS.
