The Vibe Journal: Finance Blogs

Learning is an ongoing process and according to a report from McKinsey, employers value a wide range of skills. But amid the hustle of life, it can be easy to stagnate, especially if you don’t know your options. This is where courses for upskilling come into play. These are a great way to improve your …

Doing an online course just to learn something can be fun, but if you are looking to grow in your chosen career, give it more thought. As the new age of AI and Industry 5.0 dawns closer, companies are looking for humans to work smart alongside advanced technology.  Choosing the right course and getting a …

To say that AI has transformed the way we work is an understatement. Across industries like healthcare, manufacturing, IT, real estate, wealth advisories and more, AI has brought disruption at an unprecedented scale. As per a report by Nasscom and Boston Consulting Group, the market for AI in India will grow at a CAGR of …

There may be instances where you may have come across the question, ‘What is a current account?’. Here’s what it means.The banking sector offers different types of accounts that cater to your diverse financial needs. One such account is a current account, best suited for business owners and companies.  As such, it has some distinguishable …

National Payments Corporation of India or NPCI (India), is an umbrella organisation that handles all retail payments. Established in 2007 by the Reserve Bank of India (RBI) and the Indian Banks’ Association (IBA), it facilitates a robust payment and settlement infrastructure.  To extend its services, NPCI (India) has ten core promoter banks, which are:  Read on to know what …

The Indian Financial System Code, the full form of IFSC, is an 11-character alphanumeric code used to make electronic payments. This code is unique to all banks that you can find on all account documents, such as cheque leaves, passbooks, account statements, etc.  Using this unique identifier, along with the account holder’s name and account …

Defaulting on loan payments is very serious as it can have a lasting impact on your finances. This is because consistent non-payment of a loan can lead to legal repercussions. Thankfully, there are a few borrower’s rights to help you navigate this situation.  In such a situation it is critical to know the rights that all …

Getting quick credit card approval is all about maintaining a clean credit history and showcasing good repayment ability. Since a card gives you access to credit, it poses a risk to the credit card company. This is why your ability to repay and your past behaviour with credit is reviewed before approval.  To know how …

As per the Income Tax Act, your income gets categorised into different heads, no matter the amount you earn. But ‘how many heads of income are there?’ is the question here.The IT Act clearly outlines five heads of income, which classify earnings based on their sources.  All citizens liable to pay tax must abide by …

The taxable income slabs divide the taxpayers into different categories and assign them different tax rates. These categories depend on the age of the taxpayers, as mentioned below: These slabs also vary depending on the regime you opt for. By knowing these slabs and the applicable rates, you can plan your finances and taxes accordingly.  …