Finance Blogs

Prepaid expenses play a crucial role in ensuring accurate financial reporting and planning. These represent payments made in advance for goods or services that will be received in the future. Understanding these expenses involves recognising their impact on both balance sheets and income statements.  These allow businesses to enhance their financial transparency and strategic decision-making …

Tracking your EPFO pension status gives you peace of mind as it allows you to know your savings for retirement. Provided by the Employees’ Provident Fund Organisation (EPFO), this pension scheme was launched in 1995 by the Government of India. Since then, it has provided Indians with financial security post-retirement, which makes it a popular …

CASA in banking stands for Current Account Savings Account. It refers to the deposits banks receive through current accounts and savings accounts. In simple terms, CASA helps banks get low-cost funds, while customers get easy access to money for daily transactions, deposits and withdrawals.  If you are wondering what is CASA, it is not a separate account in every case. Instead, banks use …

A hypothecation loan is a standard option for borrowing money against a valuable asset available in your possession. Backed by collateral, this secured loan allows you to acquire a high-value sum at a comparatively lower interest rate than unsecured loans. With this option, you do not have to hand over the deeds or the rights …

Using a digital wallet has made it simple to transfer funds and make online payments to a majority of merchants. These wallets are simply an extension tool to store funds, so you can make payments without carrying your physical card everywhere.  This not only increases your security but also makes one-tap payment easy. Since everyone …

If you’re planning to purchase a property, knowing about the difference between mortgage and collateral is extremely important. You must’ve heard both of these words in the same sentences often. They’re correlated in terms of purchasing a property but are quite different from each other in terms of meaning and purpose.  When you get a …

Got questions about borrowing vs. lending? It’s easy to mix them up, but understanding the difference is key to handling money wisely—whether it’s for personal finance or running a business. Borrowing means getting money with the promise to repay, while lending means giving someone money with the expectation of getting it back.   Read on to …

Looking for the best wallet app in India? The right choice depends on how you pay: PhonePe and Google Pay are strong for everyday UPI payments, Amazon Pay works well for shopping and bill payments, MobiKwik is useful for wallet-led payments and offers, while Apple Pay is relevant mainly for Apple ecosystem users where supported. For low-value daily payments, UPI Lite wallets are also becoming popular because they allow quick small-ticket …

Ever paid for something with just a tap on your phone or by scanning a QR code? That’s digital payments (or electronic payments) in action. Digital payments are transactions made electronically using devices like smartphones, computers or cards instead of physical cash or cheques. The digital payment meaning is simple. It is the secure transfer …

When presented with a multitude of investment options, return on investment is a metric that can help you separate good bets from money pits. It allows you to evaluate potential ventures, predict profitability and mitigate risks.  Knowing the formulas to calculate it helps you make informed decisions and ensure that you never miss out on …