The Aadhaar card is a unique 12-digit identification number for individuals. It is an important proof of identity and address. It comprises details like your name, address, date of birth, gender, and phone number. The card is also required if you want to qualify for certain government benefits and subsidies.
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
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
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
You work hard to ensure the happiness and security of your loved ones. However, life is uncertain and an unforeseen circumstance can create havoc in your family’s wellbeing. And ensuring the financial stability of your loved ones in your absence, especially if you are the sole earner is crucial.
An important component of investment planning is insurance, which helps in achieving financial stability. It is an agreement between the insurer and the insured to reduce the risks and provide protection against possible financial losses arising due to uncertainties. You pay a certain amount known as a premium to the
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