Finance Blogs

Table of contents: With the country transforming into a cashless and digitised economy, there has been a rise in digital payments. However, there are some downsides to it as well – the increase in cyber fraud.  One of the most common concerns about banking transactions is KYC fraud. Simply put, KYC (Know Your Customer) is the …

Highlight: Millennials in the 21st Century find themselves in a confusing phase, with new things popping up every now and then, making you question your every move and decision. Saving money for retirement or not spending lavishly on clothes, Millennials love not to think about the future with their cool abbreviations like FOMO or YOLO. …

Highlight: Become financially independent by managing your first salary! Learn healthy saving habits and stock your nest egg. Getting your first salary can be almost an intoxicating feeling. All you’d want to do is to splurge and spend on things you have wanted to—with your own hard-earned money. Once the euphoria starts to wear off, …

Highlight: Are you planning on making an investment to secure your future? Before you begin investing, it is critical to consider a few factors such as investment objectives, risks involved, investment strategies, and so on. Learn how to invest while keeping all of this in mind Investing your money may be (or rather, is) the …

Highlight: Being financially literate is not easy, but once mastered, it can significantly reduce life’s burdens. To get started in this field, read the best-selling financial literacy books. Financial literacy is obviously a critical life skill. After all, it’s your gateway to knowledge and skills to effectively manage your money. In its absence, your actions …

Highlight: Worried about long-term financial planning? Investing in a public provident fund (PPF) can be a good investment option with many benefits. Learn how you can invest in PPF for better financial planning. The reality of inflation has everyone thinking about investing their savings for long-term financial planning. In these times of uncertainty, investing in …

Financial independence can be defined as having enough money to live a comfortable life without working. Financial independence can, in fact, mean different things to different people. Financial independence secures your future and allows you to pursue your passion. It is the ability to make life decisions without being constrained by financial constraints. Financial independence …

Financial literacy is a fundamental life skill that has a direct impact on your well-being. Knowing the importance of financial literacy and taking proactive steps towards it can be beneficial. This helps today’s youth take better control over their finances, enabling them to overcome financial challenges.  When they’re financially literate, they understand how to allocate …

COVID19 may have put a strain on employees’ finances, but it has certainly helped in several other ways. Everyone has learnt a lot – from the importance of being present with family and supporting them in times of need to become more financially savvy. Professionals worldwide were tested by the COVID-19 pandemic, forcing them to …

Not many are aware that there is a difference between a CIBIL score and a credit score. The former is a type of credit score, whereas a credit score is a measure of your creditworthiness. It is based on your past repayment behaviour and financial standing.  While there are four main credit reporting agencies authorised …