The Vibe Journal: Finance Blogs

Wondering what an Issuer Identification Number or IIN is? Well, it’s an important component of payment cards, like credit and debit cards. The number helps identify the card issuer and your card’s processing network. Apart from this, you get to enjoy several other benefits, making this an important part of your payment card. Here’s a …

If your credit card application is declined, it isn’t the end of the world. Nowadays, applying for a credit card is easier, thanks to fintech advancements that allow you to get quick approval from the comfort of your home. Despite the easy access, issuers have specific eligibility criteria that you must fulfil.  All financial institutions …

Monetary policy tools like the repo rate and reverse repo rate by the RBI lead to seamless management and functioning of a country’s economy and financial markets. Several factors of the economy, like money flow, inflation, currency exchange rates and overall growth rate, are sensitive to changes in these rates.   Learn more about repo and …

Wondering if you can check CIBIL score with a PAN card? The answer is yes. As you may be aware your CIBIL score plays an essential role in your credit approval process. Lenders consider it a reflection of your repayment behaviour. If your CIBIL score is on the lower end, lenders may hesitate to approve …

The password of an e-Aadhaar card is a security measure that’s in place when you get a soft copy of your Aadhaar card. The password is an important measure as it protects you from identity theft and privacy infringement. It is generated in a fixed format based on the details mentioned in the card.  Read on …

Businesses issue a GST credit note under special circumstances that allow them to correct any discrepancies in bills and invoices. It helps businesses maintain their account books without any discrepancies. Issuing credit notes is more convenient than reissuing new invoices, making them more favourable.  Read on to know the meaning of a credit note, its …

The Central Government in India collects cess on income tax to fund specific programs or purposes. This additional tax is not permanent like general taxes and is discontinued once the required funds have been raised. Read on to learn what is cess on Income Tax, its types, how it is different from general taxes, income …

A UPI reference number lets you conveniently make and track all your digital payments. Developed by the National Payments Corporation of India, UPI provides better security to your transactions and account details and reduces the chances of fraudulent activities. It allows you to send money from one account to another or initiate merchant payments effortlessly. …

Virtual Payment Address (VPA) in UPI or Unified Payments Interface is a unique identifier of your account. It is a system that bypasses the need for bank account numbers and bank IFSC. You can use VPA to send or receive money, make bill payments and initiate merchant payments. To learn more about VPA in payment, …

Basic Statistical Returns or BSR code is a standardised numerical system used by the Reserve Bank of India (RBI) to collect the details of any bank. This code is unique to all banks registered in India and appears on tax challans and TDS certificates. Thus, filing for TDS/TCS returns becomes easier using this code.  RBI …