Daily Archives: March 19, 2024
Planning your taxes effectively holds immense significance in personal finance. While most people focus on planning their finances and investments, an effective tax planning strategy can help you optimise your tax liability to save more, especially in the long term. In India, yearly updates on tax regulations make tax planning an important aspect of building…
Minor Savings Accounts are a simple and hands-on way to develop good money habits in children between the ages of 10 and 18 or legal adulthood within India. Such good money habits form the base for a healthy relationship with money that can improve your child’s quality of life. The goal behind offering minor savings…
Banks provide different types of savings accounts with high interest rates and easy access to cater to the needs of their customers. IndusInd offers online savings account openings that are paperless and provide ease to customers and flexibility in choosing their account numbers. Let us see what interest in the savings account is. The interest…
A savings account is a basic deposit account that most individuals have. So, if you have just landed yourself a job, you must be wondering if you will need a new salary account or can your savings account be converted to a salary account. Well, there are multiple benefits to converting your savings account to…
Have you ever wished your savings could work harder for you? That’s where high-yield savings accounts swoop in to save the day. The key allure lies in the ‘high yield’ aspect, suggesting that these accounts provide a more rewarding return on your savings than standard savings accounts. So, if you’re keen on maximising your savings…
In the realm of personal finance, every penny saved is a penny earned. With the right approach, credit card reward points can be a powerful tool in maximizing savings and enhancing financial well-being. That’s why we’ll delve into a comprehensive strategy for making the most of your credit card reward points, with a spotlight on…
Traveling abroad is an exhilarating experience, offering opportunities for exploration, cultural immersion, and unforgettable memories. However, amidst the excitement of venturing into new territories, it’s crucial to be mindful of potential financial pitfalls, particularly when it comes to foreign transactions and credit card markup fees. In this blog, we’ll delve into the nuances of navigating…
With the advent of digitisation and ease of online shopping, credit cards have become an essential tool for financial transactions. Although credit cards streamline the purchasing process, they also present a potential risk of fraud and identity theft. Credit card fraud can happen if someone physically steals your card or digitally hacks your account. As…