The UPI Circle is a new feature introduced by the National Payments Corporation of India (NPCI) as a part of the Unified Payments Interface (UPI). This feature allows users to add family members and trusted friends as secondary users to their UPI account. These secondary users can make payments directly from the primary user’s account … Read more
One of the most common renting practices is establishing a tenancy agreement for a fixed period. While many may consider a one-year lease standard, many property owners and tenants opt for 11-month tenancy agreements instead. This approach offers several advantages, especially in terms of costs and flexibility. Let’s explore why 11-month contracts are becoming the … Read more
In recent years, the term “mutual funds” (MFs) has become increasingly common in the financial market. Advertisements often claim that mutual funds are a safe investment and have the potential to double your money quickly. Mutual funds may be a suitable option to double your investment in ten years. Mutual funds, especially equity mutual funds, … Read more
Attention all bank customers! The Reserve Bank of India oversees all banking regulations to ensure transparency, safety, and financial inclusion. When opening a bank account, you must submit documents such as your PAN Card, Aadhaar Card, Passport or Voter ID, and proof of home address. Non-resident Indians (NRIs) can also open special category accounts, such … Read more
Bank Cheque: There are several ways to transfer money from the bank nowadays, such as Internet Banking and UPI services. However, checks have been a traditional method of money transactions for a long time. In some cases, the back of the check needs to be signed. Why is this necessary? Let’s delve into the details. If … Read more
What is STP in Mutual Funds? If you are currently investing in the stock market or participating in mutual funds through SIP, it’s essential to be cautious, especially when market indices are reaching all-time highs. In such situations, it’s crucial to protect investments carefully. One strategy that can be employed in such scenarios is a … Read more
Health insurance is not just a safety net for unexpected health problems but also a shield against potential financial strain. When selecting a health insurance plan, several key factors must be considered to ensure comprehensive protection. Medical expenses can quickly deplete our savings, making health insurance awareness increasingly important. Both public and private sector companies … Read more
The central government has introduced a new scheme to provide financial security to children, similar to the NPS Vatsalya Scheme, which offers long-term benefits. Union Finance Minister Nirmala Sitharaman launched the scheme on September 18, 2024, and it received an unexpected response of around 10,000 children registered on the first day. The Pension Fund Regulatory … Read more
Health insurance is becoming increasingly popular due to rising health issues. One benefit of health insurance is the no-claim bonus, which offers various advantages. A no-claim bonus is an incentive insurance companies provide to policyholders who do not make any claims during the policy period. This bonus can result in benefits such as a cumulative … Read more
Everyone wants their children’s future to be secure. Therefore, parents make arrangements for adequate financial protection while their children are still young. Many existing schemes are available for this purpose, and the central government has recently introduced another scheme called the National Pension Scheme (NPS) in Vatsalya. This scheme involves opening a retirement account in … Read more