The Vibe Journal: Finance Blogs

Need a safe place to store your valuables? A bank locker facility is the perfect solution. It offers a secure, protected space within the bank designed to store everything from important documents to precious jewellery. While most nationalised and private banks provide this service, the features and charges may vary.  Read on to understand how …

Online transactions are now the new norm. This is particularly so for younger generations who are technologically savvy. Nevertheless, paper-based transactions such as cash deposits remain a common banking practice. Cash deposit slips must be completed when you make a physical cash deposit into an account. It is for this reason that you should know …

There are several ways to make payments in India, like using cash, cards or bank transfers. Among them, cheques and demand drafts (DD) are still widely used for paper-based transactions. Each serves a different purpose and works in its own way.  Understanding the difference between cheque and DD can help you decide which one to …

UPI has made sending money easier than ever. With just a few clicks, you can pay friends, shop online or settle bills instantly. But in all that speed, mistakes can happen. You might end up sending money to the wrong person by accident. But don’t worry, such mistakes are more common than you might think. …

Closing a bank account isn’t something we do often. However, knowing how to go about it can help when you’re planning to. Whether you’re switching banks, moving cities or just don’t need the account anymore, the process is simple when you follow the right steps. What are the Reasons for Closing a Bank Account?  There …

One of the most common questions when investing in mutual funds is about Net Asset Value (NAV). Since the stock market fluctuates daily, the NAV of a mutual fund also changes.   Many investors assume that a mutual fund with a low NAV is a better deal, while others think the highest NAV mutual fund means …

Do you often wonder how to manage your expenses after retirement? The answer would be a pension plan. This plan acts like a financial safety net that makes sure you continue to receive a stable income even when you stop working. By contributing to a pension scheme on a timely basis, you build a fund …

Whether you’re a tourist visiting India, an Indian traveller returning from abroad or someone who is doing international transactions frequently, knowing ‘how to exchange currency in India’ is essential. Getting the best exchange rate, choosing a reliable service provider and understanding the necessary documents can help you save money and avoid hassles. India offers multiple …

Deciding to switch to solar energy and installing it is a great way to save on electricity bills. It also contributes to the reduction in environmental impact However, improper solar panel installation can lead to less efficiency and potential system failures.  To make the most of your investment, here are some common mistakes to avoid …

Thinking about switching to solar but stepping back worrying about the cost? Well, you’re not alone! While solar energy can significantly reduce your electricity bills and carbon footprint, the upfront investment can feel overwhelming.  The good news? You don’t have to pay for it all at once. With various solar finance options available, you can …