Digital Banking Frauds and its Types

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Picture this – you are sipping your morning chai, scrolling through your phone, when a message pops up: “Dear Customer, your account will be suspended if you do not update your PAN. Click here to verify.” Sounds urgent, right? Many people, especially those in a rush, would click the link without thinking twice. And just…

Holi 2025: Valuable Financial Lessons to Learn from the Festival of Colours

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Holi is more than just a festival of colours—it’s a celebration of new beginnings, joy, and important life lessons. The two-day festival starts with Holika Dahan, symbolising the victory of good over evil, followed by Dulhandi, when everyone comes together to play with colours. But have you ever thought about how these traditions relate to…

How is Interest on Savings Account Taxed?

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A savings account is a fundamental tool for managing your money. But, it is essential to understand the tax implications associated with the interest earned on it. Interest earned on a savings account is taxable as it is considered as ‘income’ of the account holder.  Being aware of savings account tax implications and benefits can…

What is Cheque Bounce? How to Deal with Cheque Bounce?

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With the rise of UPI and internet banking, digital payments and transactions have become common. However, cheques remain a safe and preferred mode of payment for many. But, there are situations where the bank cannot process or clear the cheque due to certain reasons. This is referred to as a bounced cheque or a dishonoured…