What do you think about when you hear the word “investing”? Stocks? SIPs? Equity mutual funds? All of us flock to these instruments with visions of supplementary income, building a retirement plan, or even achieving financial independence (a.k.a “seeing the world” or “opening my own microbrewery”). However – these
Hypothesis: Money buys us things. Corollary: Money buys us the privilege to chase things other than money. If you’ve watched the Netflix show Maniac, chances are that you’ll read that in Justin Theroux’s low toned voice. No, Justin Theroux didn’t talk about money and its role
With technological development, you no longer need to visit the bank to transfer money from one account to another. Using online platforms, you may now easily execute all your banking transactions via the internet or mobile banking. Although there were some concerns about the safety of digital transfers, the convenience
The Unique Identification Authority of India (UIDAI) has launched a mobile application called mAadhaar in July 2017 and it is currently available for Android as well as iOS users. It offers Aadhaar cardholders an interface that allows them to carry their demographic data on their smart devices. This makes it
India has a diversified culture with close-knit families and a lot of celebrations with different customs. Moreover, exchanging gifts is a part of the tradition and is a symbol of affection and love. Sometimes, people may also use gifts to evade or avoid tax or as a tax-planning tool. Although
Introduced in 1968, Public Provident Fund (PPF) is a government-backed scheme that offers stable returns over the long term. Investing surplus money in PPF helps build a corpus that can be used to meet your retirement needs or other financial goals. It is one of the most popular schemes that
Several people in India do not have any financial plans for their post-retirement years. However, during these critical times when healthcare expenses are constantly on the rise and there is little dependence on children for financial assistance, ensuring your retirement corpus provides maximum benefits is important. Why is retirement planning
Who does not want to be wealthy? Some people may live thriftily to save while others may invest in high-risk instruments to build wealth. But before discussing how to become wealthy, let us begin by understanding the meaning of wealth. What is wealth?The meaning differs for every person. For
Life is uncertain, and the COVID-19 pandemic has given a reality check to the entire world. Millions of people across the globe have lost their jobs and faced medical emergencies, leaving them with huge debt and monetary constraints. Financial challenges can significantly increase your stress levels. Therefore, saving for the
Form 16 is a certificate issued by employers to their employees. It shows that tax deducted at source (TDS) as per the government norms has been deducted on behalf of the employees. The form reflects a detailed summary of the total salary paid to the employees and the applicable TDS
Digital banking is done online via digital platforms, and it eliminates paperwork. Various banking services, such as moving cash deposits, account management, bill payments, fund transfers and withdrawals, investments, and loan applications and management are digitalized. What is digital banking?Today, most customers have smartphones and other gadgets, giving them