In the Union Budget for 2022-23, Union Finance Minister Nirmala Sitharaman mentioned the introduction of a Central Bank Digital Currency (CBDC), also known as the Digital Rupee. The announcement has since been a source of contention. RBI Digital Rupee Bitcoin and blockchain technology have heightened public interest in cashless societies and digital currency. Governments and … Read More “What is RBI’s Digital Rupee?” »
Effective personal finance management begins with financial planning. It consists of three key components: a realistic budget, well-defined financial goals, and real-time tracking. A budget keeps you focused on your financial goals, while real-time tracking allows you to take the correct actions at the right time. Money management, on the other hand, is easier said … Read More “Top Money Management Apps” »
Loan settlement is frequently confused with loan closure. However, these are two distinct terms with distinct effects on the credit score. If you make your monthly payments on time and in full throughout the term of your loan, the loan account will be cancelled automatically once the loan is paid off. The same information is … Read More “Loan Settlement and How Does It Affect Your Credit Score?” »
Money is now available at the press of a button, thanks to credit cards, EMI programmes, and loans, giving people the freedom to fulfil their wishes as and when they arise. People are very comfortable with the idea of taking on debt to suit their lifestyle expectations because credit is so easily available. However, this … Read More “How to avoid the Debt Trap?” »
We’ve heard a lot of people talk about making money, but there aren’t many that talk about managing it properly. Financial management is a difficult subject that many of us deal with. Effective money management allows you to save, invest, and spend your money in a methodical manner, assuring long-term stability and easy retirement. Money … Read More “Essential Tips for Money Management” »
Buy Now Pay Later Buy Now Pay Later (BNPL) is a limited-time micro-loan that allows cash-strapped or budget-conscious purchasers to make small-ticket purchases and repay the borrowed money later. BNPL is an unsecured loan that must be repaid during the payback cycle, which typically ranges from 14 to 90 days and is typically paid in … Read More “Buy Now Pay Later vs Personal Loan vs Credit Card” »
The Reserve Bank of India governs the National Payments Corporation of India (NPCI), which designed the Unified Payments Interface (UPI), which is built on the IMPS framework and allows you to transfer or send funds between any two bank accounts in real-time. According to NPCI, the current top limit per UPI transaction is Rs. 1 … Read More “Google Pay: Check Limit On Daily Remittance Across India” »
Tax-advantaged FDs are one of the most common ways to lower taxable income. Your money is safe, the returns are guaranteed, and the interest rates are fixed. However, those looking for large returns sometimes get confused between the post office and bank deposits. Bank FDs and Post Office Term Deposits are two deposit tax saving … Read More “Tax Saving Bank FD Vs Post Office TD: Where Should You Invest To Earn High Returns?” »
Your earnings will surely improve with time. Your earnings will increase as you go from one promotion to the next. As a result, the tax rate applicable to you under the Income Tax Act of 1961 will change accordingly. This translates into greater tax liability. Fortunately, the Income Tax Act contains a number of provisions … Read More “Exhausted Section 80C? Here Are Other Ways To Save More Taxes” »
The LIC IPO, India’s largest Initial Public Offering, will go public on May 4, 2022. The Rs 20,557 crore LIC issuance would be open for subscription from May 04, 2022, to May 09, 2022, at a price range of Rs 902 to Rs 949 per equity share. The lot size for the LIC IPO is … Read More “LIC IPO 2022” »
