The Vibe Journal: Finance Blogs

Paper money made everyday transactions easier by offering a lightweight and convenient alternative to carrying large quantities of coins. Even with the rapid growth of UPI, cards and digital payment apps, physical currency continues to be an important medium of exchange.  In India, the Reserve Bank of India (RBI) has the sole right to issue banknotes under the RBI …

Knowing the difference between NEFT and RTGS can help you choose the right transfer method based on the amount, urgency and your bank’s available channels. Both are RBI-operated electronic fund transfer systems used to move money between participating bank accounts in India, but they differ mainly in how transactions are settled and the minimum amount required for RTGS.  NEFT processes transfers in half-hourly …

By raising a CIBIL dispute, you can rectify errors in your credit report. An error-free report is crucial because your credit report defines your credit score, which reflects your creditworthiness. So, any inaccuracies can harm your CIBIL score.  Some of the errors that you may see include spelling mistakes or incorrect personal information, incorrect loan …

By initiating Experian or CIBIL score checks, lenders assess your creditworthiness when you apply for loans. These scores reflect your credit behaviour and repayment history as recorded in your credit report collected by various credit information companies.  However, don’t be surprised if you are assigned a different score by each bureau. While Experian and Credit …

Ever wondered why lenders keep talking about your credit score? Banks use it to answer a simple question. Can you repay on time? Your CRIF score is one of the numbers they look at. It is a 3-digit score that shows how you usually handle credit. The higher your score, the easier it becomes to …

Want to know the difference between a consumer CIBIL score and a commercial CIBIL score? Many people are unsure which one applies to them and how it affects their chances of getting a loan. In simple terms, a consumer CIBIL score is for individuals, while a commercial CIBIL score is for businesses. Both are based …

Understanding the features of CRIF vs CIBIL is essential if you are planning to get a loan. CRIF and CIBIL are both credit bureaus that generate your credit report, which includes your credit score and other factors related to your creditworthiness.  Whenever you apply for credit, lenders check these reports and scores to assess the …

Having an accurate credit report is very important for maintaining a healthy credit score and getting easy access to loans and credit cards. Lenders rely on your CRIF High Mark credit report to assess how you manage credit. Even small errors can affect approvals or delay your application. Which is exactly why checking your report …

Knowing the charges for credit card cash withdrawal is a must before you use this facility. Cash withdrawal via a credit card can be an ideal way to access funds when you are in need, but it comes at a cost applicable from the date you make the withdrawal.  This charge also differs from the …

EMV cards have gradually replaced metal strip cards. A primary reason for this is that they come with stronger encryption to protect your card details during the transaction. While metal strip cards encode your details in the strip on the back of the card, these cards store your details in an EMV chip. Read on …