The Vibe Journal: Finance Blogs

Taking a personal loan can ease your financial burdens, but defaulting on repayment can be a serious issue. Many borrowers wonder: ‘Can I go to jail for not paying online loans’ in India?   Let’s explore the legal consequences of non-payment, understand the rules and rights of both lenders and borrowers and learn how to navigate …

A personal loan for corporate employees is an easily accessible and popular credit option. This unsecured loan is customised for employees of large organisations so that you can get it quickly and affordably. Whether you are a government employee or working at an MNC, you can manage sudden and planned expenses without burdening your budget …

Choosing tax-saving investments has dual benefits: You can choose from various government and private options, which allow you to invest as per your goals and availability.  However, before you decide on any investment option, there are two important strategies you must consider: Read on to learn about top investment options, how much investment is needed …

Smart financial planning is crucial for all young professionals because of fluctuating financial standing and inflation rates. Doing so enables you to:  Save for financially demanding times Build a fund for retirement Grow your wealth Saving from your income Invest additional funds regularly Build better saving habits Provide security against inflation and more With these …

Merchant banking is a crucial aspect of the financial ecosystem. Currently, there are over 200 SEBI-registered merchant banks that provide a wide range of services to their clients. These banks are very different from regular banking and from other financial institutions in several ways.  They provide services to large/mid-size businesses, high-net-worth individuals (HNIs) and institutional …

WhatsApp banking is now a basic facility offered by the majority of banks. Since its launch in 2020 in India, banks have partnered with Meta-authorised Technical Service Providers to extend their services on this messaging app.  Attributing to its convenience and instant processing, it is now growing in popularity as a banking option. For instance, …

A Vostro account allows banks to extend their services to customers when they are travelling abroad. Since a bank can’t have branches in every city of every country, this is an effective solution that helps customers residing outside the country.  Knowing about these banking services allows you to choose and open an account in a …

Wondering, ‘Can I transfer money from an ATM?’, the answer is yes and this option can come in handy when you don’t have internet access and don’t want to make a branch visit.  Moreover, it’s an easy process very similar to withdrawing cash. That’s not all. Most banks also provide a plethora of services, making …

mPassbook or mobile passbook is a facility banks provide to their customers, allowing them to keep track of their accounts. It connects your savings account or current account to your mobile, allowing you to access your statement of account instantly and remotely. This means you can know your account status anytime, without making any branch …

Cheque bounce charges are a penalty that you must pay when the cheque fails to provide the promised amount. Writing a cheque is an agreement to pay the mentioned sum bound by the law. So, when you cannot honour it, these charges are a result.  This may happen when your cheque payment is not cleared …