We are excited to share the launch of our latest campaign “Let’s talk money”. The campaign highlights how talking about money is seen as taboo in society. With this campaign, we encourage millennials to talk about a topic that is not spoken about enough - money We didn’t
You need not visit the website of each and every mutual fund house. Instead, you can add nominees on Karvy (KFintech), CAMS, and MFCentral websites. Different brokers have different procedures for updating nominee details.
Jupiter, a digital banking platform, has partnered with RazorpayX to provide the Jupiter Pro Salary accounts to all employees using the RazorpayX Payroll platform. This partnership aims to provide a seamless onboarding experience to RazorpayX Payroll employees, starting from their offer letters to opening salary accounts. The process of opening
What is a Statutory Liquidity Ratio or SLR?Statutory Liquidity Ratio (SLR) is the essential reserves requirement expected from banks before giving customers credits. It is a minimum percentage that commercial banks have to adhere to in terms of cash, gold, or security. The Reserve Bank of India (RBI) does
The 50/30/20 rule provides a plan to budget your after-tax income into different spending buckets. How do you plan your expenditure? You all have access to limited financial resources and multiple avenues to spend them. So how do you allocate your scarce financial resources among your multiple competing
IntroductionIf you are a salaried employee, you must have come across the term "salary arrears" in your career. But, what exactly does payment in arrears mean? It's a bit of accounting jargon that everyone should know but is often misunderstood. Let's break it down and look at what the term
We all secretly desire a beautiful mansion, vacations steeped in luxury, and high-end cars and gadgets, don’t we? But, fulfilling these dreams costs money—a lot of it. And for most of us, money is a limited resource, something we always need to save for a rainy day. It
Before you avail of a loan, consider whether the lender you have approached has a provision to prepay the loan. Sometimes, when you have an excessive inflow of cash, you can direct the extra funds to your loan and pay it off before the end of its tenure. This is
An Equated Monthly Installment, popularly known as EMI, is a payment made by a borrower to the lender. This payment is constant or fixed and is made on a pre-determined date every month. The EMI consists of both the interest and the principal and when paid over the course of
The Reserve Bank of India (RBI) is the apex bank of the country. It manages the supply of money to other commercial banks and largely controls the flow of money in the economy. To do so, the RBI makes use of the various monetary tools it has at its disposal,
If you are employed, your major source of income is your salary. It is a fixed amount of money that you receive on a pre-determined date every month to compensate you for the services you provide. If your salary falls within a certain income tax slab, then it is taxable