The Vibe Journal: Finance Blogs

Choosing a pay order vs demand draft depends on your payment requirements and several other factors. While these banking instruments serve the same purpose, they differ in their key features. This includes clearance time, amount, acceptability and more. Although their use has reduced over the years, several merchants and individuals still rely on them. As …

If you’re wondering how to send money without sharing your account number, MMID is what you need. It’s a simple and secure way to transfer funds using mobile banking. MMID full form is Mobile Money Identifier. It’s a 7-digit unique code linked to your mobile number and bank account. With this code, you can make …

There are types of cheques that can’t be cashed immediately. One such example is a PDC cheque. The PDC full form is Post-Dated Cheque. These cheques are legally valid in India for 3 months from the date written on them. As per RBI rules, banks are not allowed to process a PDC cheque before the …

Choosing between IMPS vs NEFT electronic fund transfer options depends on multiple factors. These two options serve the same goal of making convenient fund transfers but have many distinct features and benefits.  Old-school fund transfer methods allow you to send and receive a higher amount through multiple channels. Therefore, many private and government agencies rely …

Your CIBIL score update time relies on many factors, including your latest credit activities and the time lenders take to report your transactions to credit bureaus. Before applying for any type of credit, consider these crucial pointers: Read on for a brief overview of why you need a good CIBIL score, when your credit score …

India’s Finance Minister Nirmala Sitharaman plans to unveil the Union Budget on February 1, 2025. Taxpayers expect the government to raise standards in tax rules through increased exemption levels and potential rate reductions for people whose annual pay ranges from ₹10 to ₹20 lakh. Many experts predict that because this year is election time for …

Identifying and dealing with financial fraud on time is essential to protect your finances. Nowadays, scammers are using various methods to steal your hard-earned money. Knowing about these different types of fraud can help you spot them on time and stay clear of them.  So, read on to learn more about financial scams and how …

As the dates for the release of the Economic Survey and Union Budget 2024 are close, leaders across industries and taxpayers have begun speculating what Finance Minister Nirmala Sitharaman will have for them. Since it is going to be an Interim Budget to be announced just before the General Elections in 2024, the Central Government …

With the Union Budget 2025 knocking at the door, massive speculations are arousing in all sectors as to what this budget will offer. This year’s budget is expected to be focused on promoting economic growth, unveiling targeted reforms, and boosting investments in critical areas, ensuring long-term development and financial inclusion. In addition, many sectors expect …

Loan fraud instances have increased with advancements in the fintech sector. So, they can happen to anyone who uses financial services. That said, these fraudsters often target individuals who can’t get funding through traditional means, such as: Scammers entrap in several ways, which include misusing personal and other sensitive data, leading to financial loss. As …