The Vibe Journal: Finance Blogs

Learning how to make a UPI ID or set a UPI PIN is an easy solution to enjoying seamless transactions. Thanks to digital advancements and the launch of the UPI facility, now you no longer have to visit a bank to transfer money. With the Unified Payment Interface (UPI), you can effortlessly transfer funds from …

In the increasingly interconnected digital landscape, online scams have become an unfortunate reality, preying on unsuspecting individuals and organisations. From phishing emails to fake investment schemes, the realm of financial fraud is vast and ever-evolving.  One way to protect yourself from these is to be aware of the tactics that scammers use and the tips …

The fixed deposit interest rate of HDFC Bank varies depending on your deposit amount and tenure. HDFC is one of India’s leading private sector banks, offering a range of financial products, one of them being fixed deposits.  At HDFC Bank, you can open an FD account with an amount as low as ₹5,000 up to …

A Demand Draft (DD) is a secure, prepaid way to transfer money through a bank. Unlike cheques, DDs don’t rely on the account holder’s balance at the time of clearance. The bank sets aside the amount when issuing the draft, so there’s no risk of it bouncing. Despite digital banking options, demand drafts are still …

A PAN Card isn’t just for adults — it can be a valuable financial tool for minors too. From opening a bank account to investing in their future, having a PAN Card early sets the foundation for smart money management. Thankfully, you can easily apply for a PAN card for minors online or offline.   Read …

Debt-to-income ratio is an essential criterion that helps financial institutions evaluate your finances. This figure affects the loan amount and credit card limit that you can get.  When you apply for credit, lenders determine this ratio since it reflects your borrowing capacity. Continue reading to understand the significance of this ratio in your loan application …

Earning tax-free income means you can save big on your taxes. Did you know that multiple means help you do just that? From gratuity to income from agriculture, you can wisely safeguard such hard-earned money and use it for all of life’s upgrades and emergencies.  Keep reading to know more about these lucrative tax-free sources …

To save on taxes, you can explore various tax saving investments. These avenues can offer deductions under the Income Tax Act of 1961. You can choose from several schemes under the following sections: To know more about these tax saving instruments, read on.     Top 5 Investments for Tax Savings in India Here are some tax …

An account payee cheque is also known as a crossed check, which has two parallel lines mentioned on the top left. Between the two lines, you need to write ‘A/C payee’. Irrespective of many digital options, cheques are one of the popular ways of making financial transactions. One of the main reasons for choosing cheques …

RTGS refers to a payment facility provided by banking institutions for the transfer of funds from one bank account to another. Although UPI transactions in India are being accepted widely, they have a specified limit of ₹1 lakh per day. For a larger amount, there are other online methods to opt from.  Unlike an NEFT …