The Vibe Journal: Finance Blogs

If your credit card application is declined, it isn’t the end of the world. Nowadays, applying for a credit card is easier, thanks to fintech advancements that allow you to get quick approval from the comfort of your home. Despite the easy access, issuers have specific eligibility criteria that you must fulfil.  All financial institutions …

Reverse repo rate and repo rate set by the RBI are specific monetary policy tools. The policies that govern these rates help manage the country’s overall economy. Specific factors like inflation, currency rate changes and money flow influence these rates.   Read the information below to define repo rate and reverse repo rates and learn how …

Wondering if you can check CIBIL score with a PAN card? The answer is yes. As you may be aware, your CIBIL score plays an essential role in your credit approval process. Lenders consider it a reflection of your repayment behaviour. If your CIBIL score is on the lower end, lenders may hesitate to approve …

Downloaded your e-Aadhaar and can’t open the PDF? Feeling stuck at the password prompt, wondering what it could be — your name, Aadhaar number or something else? Don’t worry, you’re not the only one facing this. The e-Aadhaar PDF comes with a built-in password for security, and it’s usually a combination of your personal details. …

Businesses issue a GST credit note under special circumstances that allow them to correct any discrepancies in bills and invoices. It helps businesses maintain their account books without any discrepancies. Issuing credit notes is more convenient than reissuing new invoices, making them more favourable.  Read on to know the meaning of a credit note, its …

The Central Government in India collects CESS on income tax to raise funds for specific public programs such as education, health or infrastructure. If we simply put, this is an additional tax charged on your income tax and used for a particular purpose unlike regular taxes that go into the general fund.  So, if you’ve …

A UPI reference number lets you conveniently make and track all your digital payments. Developed by the National Payments Corporation of India, UPI provides better security to your transactions and account details and reduces the chances of fraudulent activities. It allows you to send money from one account to another or initiate merchant payments effortlessly. …

Virtual Payment Address (VPA) in UPI or Unified Payments Interface is a unique identifier of your account. It is a system that bypasses the need for bank account numbers and bank IFSC. You can use VPA to send or receive money, make bill payments and initiate merchant payments. To learn more about VPA in payment, …

A BSR code is a 7-digit bank branch code used mainly for tax payment tracking in India. Its full form is Basic Statistical Return Code, and it helps the Income Tax Department identify the bank branch through which tax payments, TDS, TCS or challan-related transactions are made.  In simple terms, you can say BSR code  is a unique identification number allotted by the Reserve Bank of India …

It is crucial to know the difference between CGST and SGST, and IGST to file accurate returns. To further the ‘One Nation, One Tax’ policy, the Government of India introduced a new indirect tax regime called the GST in 2017. These three categories of GST simplify interstate and intrastate transactions.   To learn what is IGST, …