Finance Blogs

The difference between borrowing and lending is the bedrock of many transactions carried out in an economy, impacting both individuals and institutions profoundly. While they may seem similar superficially, these denote two fundamentally distinguishing concepts and separately govern the flow of capital in economies. To know more about the fundamental distinctions between these two concepts, …

Having one of the best wallet apps in India on your smartphone can make it easy for you to make payments online. With this type of app, you can easily connect all your bank accounts or credit cards and make effortless payments.  If you carry your cards everywhere, there is a high risk of theft …

From paying your electricity bill, booking flights online or shopping at your favourite clothing brand, a digital payment makes the process quicker and more convenient. Also known as electronic payments or e-payments, it helps you make payments online from your cards, mobile phone or PC. In these types of payments, the payer’s bank deducts the …

When presented with a multitude of investment options, return on investment is a metric that can help you separate good bets from money pits. It allows you to evaluate potential ventures, predict profitability and mitigate risks.  Knowing the formulas to calculate it helps you make informed decisions and ensure that you never miss out on …

In 2018, the Government of India launched Ayushman Bharat Yojana – a transformative healthcare initiative aimed at providing financial protection to millions of vulnerable households.  Being the world’s largest government-funded scheme, it aims to achieve Sustainable Development Goals (SDGs) and the vision of Universal Health Coverage (UHC) by covering over 55 crore beneficiaries. However, to …

Learning the steps to run a TDS check is crucial for all taxpayers. It allows you to manage your tax liabilities and file accurate returns. Know that TDS stands for Tax Deducted at Source. It’s a tax that employers, banks and other entities deduct before disbursing the funds to your account. Tax deductors or collectors …

Knowing how to make a budget is one of the essential life skills that can help you manage your finances. Budgeting allows you to effectively spend your income to meet all your needs. Moreover, a proper budget helps cut unnecessary costs and save more to secure your financial future.  Read on to learn why budgeting …

Saving money with some planning is easy but being financially healthy involves more than that. It includes building funds for emergencies, investing for better growth, avoiding spending beyond your means and more.  However, everyone has different goals and preferences. As such, there is no one-size-fits-all solution that answers the question of how to stay financially healthy. …

Money management is crucial in helping you tackle uncertainties. Becoming financially disciplined is a gradual process that requires efficient planning.  As the saying goes, the sooner you learn how to manage money, the better you become at handling finances and building wealth. Having a solid grip on your finances is the best way to address …

Making wise financial decisions is important to safeguard your future. Whether the decision is investing in stocks or buying a cup of coffee every day, these can affect your financial health in the long term. However, there are many variables to consider and budgeting alone isn’t enough.  Here are some tips to make smart financial …