The Vibe Journal: Finance Blogs

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 …

It is crucial to know the difference between CGST and SGST, and IGST to file accurate returns. To further the ‘One Nation, One Tax’ policy, the Government of India introduced a new indirect tax regime called the GST in 2017. These three categories of GST simplify interstate and intrastate transactions.   To learn what is IGST, …

A term loan offers an excellent means of financing when a business experiences a shortage of funds. Businesses need capital to cover their day-to-day operations and capitalise on growth opportunities. These expenses include paying rent for the workspace, purchasing raw materials, paying suppliers and covering utility bills. Read on to learn what is a term …

You need to link an Aadhaar card with a ration card to enjoy various government subsidies. A ration card is an essential government document that allows individuals to get food, gasoline and grains at subsidised rates. Linking your ration card with your Aadhaar card also helps prevent identity theft, ensuring that fake cardholders do not …