THE BYSTANDER

Can You Have Two PPF Accounts in India? What Happens If You Do Can You Have Two PPF Accounts in India? What Happens If You Do By The Bystander  |  June 2026  |  Last updated: June 2026 The direct answer: No. The Public Provident Fund Act, 1968 allows only one PPF account per person in India — regardless of whether you open accounts in different banks, different branches, or a bank plus a post office. If you have two PPF accounts, the second one is treated as "irregular," earns zero interest , and must either be merged into the first (with Ministry of Finance approval) or closed with only the principal returned. What's in this guide The one-account rule — what the law says What actually happens if you have two PPF accounts How to fix the situation The only exception — PPF for a minor child How to check if you accidentally have two accounts FAQ The One-Account Rule — What the Law Says Under the Public P...

Is Your Money Safe in an Indian Bank? The DICGC ₹5 Lakh Insurance Explained Is Your Money Safe in an Indian Bank? The DICGC ₹5 Lakh Insurance Explained By The Bystander  |  June 2026  |  Last updated: June 2026 The direct answer: Yes — up to ₹5 lakh per depositor per bank, your money is completely safe even if the bank fails. This protection comes from DICGC (Deposit Insurance and Credit Guarantee Corporation), a wholly-owned subsidiary of the Reserve Bank of India. The limit was raised from ₹1 lakh to ₹5 lakh in February 2020. If you have more than ₹5 lakh in one bank, the excess is uninsured. What's in this guide What is DICGC and how does it work? How the ₹5 lakh limit actually works — with examples Which banks are covered? What types of deposits are covered? What to do if you have more than ₹5 lakh How joint accounts are treated FAQ What Is DICGC and How Does It Work? The Deposit Insurance an...

What Happens to Your Salary Account When You Leave a Job in India? What Happens to Your Salary Account When You Leave a Job in India? By The Bystander  |  June 2026  |  Last updated: June 2026 The direct answer: When you leave your job, your salary account does NOT close automatically. But if your salary stops being credited for 3 consecutive months , most major Indian banks automatically convert it into a regular savings account. Once converted, you lose the zero-balance benefit — and if you don't maintain the bank's minimum balance (₹1,000–10,000 depending on your bank and city), you start getting charged penalties of ₹100–600 per month. What's in this guide What exactly changes after you leave your job What each major bank does — bank-by-bank rules Your 4 options after leaving a job If you join a new employer FAQ What Exactly Changes After You Leave Your Job A salary account is technically a savings accoun...

  What Jal Jeevan Mission Actually Means for Rural India By The Bystander  |  June 2026  |  Tags: Jal Jeevan Mission, rural India water, India infrastructure, rural development India In 2019, India launched the Jal Jeevan Mission with one deceptively simple goal: piped drinking water to every rural household in India by 2024. The deadline slipped. The ambition has been renewed under a successor programme with a revised Rs 8.7 lakh crore outlay. And the work remains significantly unfinished. Jal Jeevan Mission is simultaneously one of India's most ambitious social programmes and one of its most revealing case studies in the distance between policy announcement and on-the-ground reality. Before JJM, in numbers: Over 160 million rural Indian households had no piped water connection. Women and girls walked an average of 6 km per day to collect water — a task that consumed 4-5 hours of daily productive time. Waterborne diseases like cholera, typhoid, and diarrhoea w...

New vs Old Tax Regime for Salaried Earners Above ₹12 Lakh (FY 2025-26): Which Wins for Whom New vs Old Tax Regime for Salaried Earners Above ₹12 Lakh (FY 2025-26): Which Wins for Whom By The Bystander | July 2026 | Last date to file: 31 July 2026 The direct answer: For most salaried people earning above ₹12 lakh, the new regime now wins — the wider slabs and the ₹75,000 standard deduction beat a modest deduction stack. The old regime only pulls ahead if you can genuinely claim a large pile of deductions: roughly ₹6.9 lakh at a ₹18 lakh salary, and about ₹8.5 lakh once you cross ₹24 lakh (including the standard deduction). In practice that means a home loan plus high HRA plus a maxed 80C and NPS. If you don't have that stack, the new regime is almost certainly cheaper — and simpler. What's in this guide The two regimes side by side (slabs, deductions, rebate) Why ₹12 lakh is the line that changes everything The break-even: how many deductions you need ...

Is It Too Late to Buy Gold in 2026? The Falling Rupee, De-Dollarisation, and the Honest Case Is It Too Late to Buy Gold in 2026? The Falling Rupee, De-Dollarisation, and the Honest Case By The Bystander | July 2026 | Last updated: July 2026 The direct answer: Gold has already run hard — up roughly 5x in rupees over the last decade, and 24-carat gold now sits near ₹1,44,000 per 10 grams against about ₹26,000 in 2016. So the easy money is behind us. But "too late" is the wrong question. Gold in rupees does two jobs at once: it rides the global gold price and it quietly profits every time the rupee weakens against the dollar. With the rupee near ₹96 to the USD and central banks around the world hoarding gold at a pace unseen since the 1950s, the case for a measured allocation is stronger than it has been in years — even if the case for going all-in is not. What's in this guide The one mechanic most people miss: gold as a rupee hedge The 10-year scor...

Gold vs Fixed Deposit — Which Gave Better Returns in India? (Honest 10-Year Data) Gold vs Fixed Deposit — Which Gave Better Returns in India? (Honest 10-Year Data) By The Bystander  |  June 2026  |  Last updated: June 2026 The direct answer: Over the last 10 years (2016–2026), gold delivered approximately 500% total returns in India (from ~₹26,000 to ~₹1,60,000 per 10 grams), a CAGR of roughly 20%. FDs delivered approximately 6.5–7% per annum. On raw returns, gold won decisively. But the full comparison — including tax treatment, risk, liquidity, and purpose — is more nuanced than a single number suggests. What's in this guide The actual 10-year return data Tax treatment — where FD gets worse and gold gets better The risk question — what gold's returns actually cost you How to invest in gold today — 4 ways compared Who should invest in gold vs FD? FAQ The Actual 10-Year Return Data Investment 2016 v...