Daily Archives: July 31, 2024
Starting a business requires planning, especially in managing finances. One of the crucial steps for a new business is selecting the right current account. A variety of current accounts are available in the market, designed to meet the specific needs of start-ups. Here’s a guide to help you choose the right current account for start-ups…
Many banks offer a customised current account number. You can use any set of numbers as your account number. It is possible to select a customised account number at the time of opening a new bank account. This feature allows individuals and businesses to align their preferences with their banking needs. Whether it is for…
Managing credit card payments effectively is crucial for maintaining good financial health. Deciding how much you should pay on your credit card each month can impact your credit score and overall financial stability. It might seem tempting to only make the minimum payment. However, this approach can lead to a cycle of debt. So,how much…
Among the safest and most convenient payment methods, many would put credit cards and UPI (Unified Payments Interface) at the top of the list. But did you know now you can enjoy UPI transactions with the benefits of a credit card? The UPI credit card is a recent innovation, which combines the benefits of UPI’s…
Whether you are a frequent flyer or an occasional traveller, an airline credit card can unlock a world of benefits for you. From free airline miles, airport lounge access, travel insurance, to exclusive perks, the right airline credit card can offer convenience and luxurious benefits to your air travel experience. This blog explains all you…
While credit cards are a useful tool, they are often targets of fraud and misuse. These concerns can affect both the customer and the credit card-issuing bank. To prevent such issues from occurring and to ensure credit cards continue to be a safe mode of payment, tools such as the credit card validatorhave come up…
Losing your credit card or criminals getting hold of it can be stressful. However, it is important to take swift action to minimise any potential damage and secure your finances. Knowing the right next steps to take can save you from headaches and financial losses down the line. Steps to Take When Your Credit Card…
Grocery shopping is an unavoidable expense, but when done correctly, it can be rewarding. Using a credit card for grocery shopping in the right manner can help you save money, earn reward points, and even manage your budget, all the while helping you stock up your pantry. This blog explains how to use your credit…
Curious why more people are opting to use credit cards over debit cards or cash? This is because such cards offer rewards, as points and cashback, and provide better fraud protection and purchase protection. Also, credit cards can help in building an excellent credit record, which is vital for securing loans at favourable rates and…
The Reserve Bank of India (RBI) removed the cash withdrawal limits at ATMs for current accounts in 2017. This decision enabled businesses to streamline cash flow management, reduce operational hassles, and enjoy enhanced overall financial flexibility. Let’s delve into the implications of this change, the importance of current accounts, and related cash deposit limits. What…
Have you ever found yourself in a scenario where you need your credit card number but cannot seem to locate your card? It happens more often than you think. While the simplest way to check your credit card number is through your card, there may be times when you may not have your card with…
Everyone looking forward to secure their future financially must know the definitions of savings and investments. Savings, while crucial, may not be enough. There are arguments to be made in favour of investing by those focused on long-term goals. But, what are savings and investment and how are they different? Both savings and investment form…
In India, FDs and liquid funds are the top investment choices. FDs offer guaranteed returns, a safe bet for cautious investors. Liquid funds attract those seeking short-term investments with higher returns. This guide explains FDs and liquid funds, benefits, and key differences. If you find it difficult to decide between safety and returns, this guide…
If you are looking for secure investment options, Fixed Deposits (FDs) are often a top choice for many. Steady and guaranteed returns and high interest rates make it a preferred choice. While the promise of guaranteed returns makes FDs an attractive option, navigating the fixed deposit rules and regulations can be daunting. Investors need help…
Budget 2024, announced by Finance Minister Nirmala Sitharaman on 23 July 2024, brings several changes aimed at boosting the economy and providing relief to taxpayers. Among the various announcements, the most crucial attraction is the revamped New Tax Regime (NTR). Designed to simplify taxation, the NTR introduces higher standard deductions and revised tax slabs, which…
Budget 2024, presented by Finance Minister Nirmala Sitharaman, introduces significant revisions to the capital gains tax structure. Capital gains, which refer to any profit or gain arising from the sale of a ‘capital asset,’ play a crucial role in an investor’s financial planning. The tax adjustments proposed in Budget 2024 could have far-reaching implications for…
The Indian government has announced the new income tax slabs for the financial year 2024-25 in the recent budget. This update has introduced several changes aimed at simplifying the tax structure and providing relief to taxpayers. Let’s delve into the details of the new tax regime and its implications. What is an Income Tax Slab?…