Exactly. This has happened to a friend. They were able to find my friend's name from Truecaller. Soon they started getting fake calls to get her account number or aadhar number. If my friend's aadhar data had been leaked (as has for thousands other), they were done for. Once your aadhar number gets leaked it gets leaked forever. There is no provision for the government to issue a new one and which is a fundamental flaw in the system.
That's not how it works. Your aadhar account is linked to one number. Why do you need to link all your numbers to your aadhar?
Besides the link is not two way. Case in point - a friend forgot to recharge their phone. The phone went out of service. Another person got the phone and started getting my friend's aadhar otps. Even though they got the phone using their own aadhar number. The "link your phone to aadhar when you need a new connection" has got nothing to do with "link your aadhar number to your phone in order to get authentication OTPs".
The known attacks I have come across in India include the hacker somehow coming across your sim card number and using that to get a new sim card issued in your name. A lot of people have had their bank accounts drained this way (source: social media posts)
There was another thread in an yesterday on this where someone mentioned they could just rent a cell tower in Malaysia at $10 an hour and broadcast your number as roaming there to get your messages. Also mentioned were mobile number porting attacks though I don't know how viable that would be in India.
There are so many apps with the permission to read your messages on Android. I wonder how many of these upload your messages to the cloud. An attacker could simply get the OTP from there. By creating a malicious app or attacking the database of another app uploading your messages. Also possibly your sim card number which I have seen apps broadcasting in the open, unencrypted.
Another scenario - let's say you have a prepaid connection. You go abroad on a vacation without this number or get sick or whatever, and forget to recharge your phone. The provider can stop your services and give your sim to a new user. The new user now gets all your OTPs.
There are probably more attacks. Messages to your phone are just not a safe choice for 2-factor authentication, but sadly that is the base on which aadhar is built upon. Even today one can open a bank account with just an aadhar number and an OTP. Wait till people start taking loans in others' names.
I had a friend who lived next to me with similar conditions, he was about 15 years old. He had a lot of weakness, stomach problems. Bloating in his stomach would cause headache. He would have bad itching in his body and his head (probably from the dryness), his hair were falling, and whenever he tried to stand up for a moment he said his vision and hearing would go away and he would see stars in front of him. Then they would come back. And his stomach problems would cause him headaches. The doctor in the government hospital here in India (who provide free treatment) did some blood tests and gave him some antibiotics. When it didn't work he just scolded his parents and told them to go away and just feed him well. Free health care can be like this in my country - there are just too many patients.
His parents could not afford private healthcare. So they decided to go to a local homeopathic doctor who used to charge half a dollar for a visit (compared to ten dollars for private doctors at that time which they couldn't afford).
Amazingly, it worked. It made him feel like going to sleep and the next day he was feeling maybe 50% better. Then he gradually became normal.
But placebo can be powerful. I have seen so many people cured by homeopathy - most of the times from problems that would need antibiotics or pain killers to cure, but sometimes other things too. Homeopathy is very popular in my country and there's a doctor or chemist selling homeopathy on every street.
Now I am not saying that it would work in your case, specially if you consider it to be a placebo and then that you already know it's a placebo. But it might be worth trying out.
You can do some research on the internet for the best homeopathic medicine for your symptoms. I just searched a bit for these symptoms and came across something called carbo veg. Maybe you can read about it and others, find one that you (and hopefully your subconscious mind) are convinced matches your symptoms and then take it. Order it in 30c, not even a single atom of the original substance is left at that point so what you chemically would have would be a drop of pure alcohol in water (hence it would not have any side effect). Ofcourse a homeopath would say that the water has magical properties , but all that doesn't have to matter. All you have to lose is maybe a few minutes of research to pick something that convinces your subconscious mind, and a couple of dollars for the medicine.
I have been working on a saas platform and looking for a payment gateway that can accept payments from outside India towards my Indian Bank account. Does cashfree work for that purpose? Do you support recurring payments for international customers?
I remember 1-1.5 years ago, the Supreme Court had asked the government to publish widely in print and electronic media to make it clear that Aadhar was not mandatory. It was never done. I don't really see a situation where the government would back out of Aadhar, regardless of supreme court rulings. The court has reiterated this many times but the government has shown that it does not care.
“The Union of India shall give wide publicity in the electronic and print media including radio and television networks that it is not mandatory for a citizen to obtain an Aadhaar card.”
What's puzzled me over the years is that the Supreme Court has, in the intervening period, taken suo moto cognizance and action on other issues/topics, but hasn't really come down hard on the government about this. Despite media coverage on people dying without getting pension or food rations, the central and state governments have been pushing ahead to cut expenditure on welfare schemes heavily through this route.
yes, just read the news that driving licenses have to be linked with aadhar. Phone numbers have to be too. Pretty soon it would be impossible to do anything without aadhar = end of privacy
With the heavy push for linking it almost everywhere, the government could also use it against individual citizens (dissidents) to cause "civil death" - can't drive, can't use bank accounts, can't study in schools/colleges, can't have a cell phone number, can't have a salaried job (where tax is deducted at source and PAN is expected to be linked), can't get pension...can't even conduct a funeral for a relative (this is the latest move - death certificates require Aadhaar of the dead or that of a close relative).
It's truly "one number to rule them all"!!! In the hands of an oppressive government, dissent can be easily stifled and quelled!
I was going to post exactly this. I always solve scheduling problems with GAs and get great results. It's easy to do and does not require any domain knowledge. It would probably take just a few hours to solve this using a GA, maybe even less.
I currently use zerodha for investing in mutual funds. Both offer direct funds. There are no transaction charges with zerodha coin, no demat charges either, but they do charge a flat monthly fee of Rs.50, regardless of the number of transactions or funds you invest in. With piggy, as per their website, the fee is Rs.30 per transaction for every time you buy a fund, and Rs.100 per year for every fund you SIP. RS.3 for every time you buy a liquid fund.
So piggy turns out to be cheaper for most people who would start an SIP with 2-3 mutual funds. Since I guess most people won't have needs that extend beyond this, piggy is probably the cheapest platform to buy mutual funds. However, for someone expecting a larger number of transactions or SIP with more than 6 funds, zerodha would turn out to be cheaper. Also, if instead of an SIP, for some reason you wish to invest a different amount every month, zerodha would turn out to be cheaper.
A big advantage of having a zerodha account is that I can also invest in index ETFs which I feel are much safer than mutual funds for the long term. Index mutual funds have very high expense ratios of more than 1%, but in comparison the index ETFs have lower expenses, like the NIFTYBEES etf has an expense ratio of just 0.1%. The SBI NIFTY etf has an expense ratio of 0.05%. There are no exit loads or transaction charges. These are passive funds that just track the basket of companies in the NIFTY index.
I think index ETFs should also form an important portion of a person's long term/retirement investment portfolio, apart from mutual funds.
Hello! Thanks for taking time to give us a detailed feedback. The pricing for all the services will remain competitive I'm sure. To start off with we made the app simple for people to use and on mobile as a lot of people would like to manage their portfolio on the go. We have received a lot of positive feedback on that.
Regarding your point on ETF you're correct. ETFs are a low cost option in the long run and are ideal for retirement. But that is primarily true in developed markets currently where it is difficult for most managers to beat the indices. In India atleast for now actively managed mutual funds are providing more returns than the index. As our markets develop we would converge with the trends of the developed markets.
Having said that we would definitely be adding meaningful products for our customers on the app! Do give it a try and let us know what you think.
You are forgetting that Zerodha needs you have a demat account and then you pay for it. Because you can't do MF with Zerodha w/o a demat account (can do so with many other brokers).
Also, for this monthly charge Zerodha doesn't provide any analytics or advisory while many other direct fund providers, at a similar monthly cost, do (and couple of them won't even ask you to have a demat a/c and pay for it).
You are right. I forgot about the charges for the demat account - there are AMC charges of Rs.300 per year. So that makes zerodha coin about Rs.75 per month.
But there are no transaction charges in zerodha on buying equity (delivery) or MF. So it is still cheaper than piggy for someone wishing to make a large number of transactions or someone who doesn't want an SIP but wishes to invest manually every month.
Also, if you need a demat account for some other purpose - like investing in ETFs or equities then maybe it makes more sense for some people.
If all you are doing is an SIP with a couple of mutual funds, which is what most people around me do, piggy is probably cheaper. You can always have a zerodha (or equivalent) account for equity/ETFs/etc. and piggy for MFs.
But for someone like me with slightly different requirements, zerodha would be cheaper. I have a variable income so SIPs are not an option for me. I invest money as a percentage of my income so the amounts vary every month. In this case zerodha turns out to be cheaper despite the demat charges.
