Do you transact by Cheque? If so, you should be aware of the Positive Pay System recently introduced by the RBI to prevent Cheque fraud and forgery. Many people believe that transactions through Cheques are secure, but recently, there has been an increase in forgeries and fake Cheques. To combat these frauds, the Reserve Bank … Read more
Money is essential to support a family; nothing functions without it. However, to earn money, one must work. Suppose you earn a reasonable monthly amount to cover your family’s expenses. A portion of that money should be allocated for leisure activities. You can use part of your earnings for things like watching movies, going for … Read more
From a young age, our families and society teach us that to become wealthy, we must excel in our studies. However, very few people advise us on what exactly to study. Financial literacy is essential for achieving financial success. Unfortunately, financial education is not included in the curriculum of schools and colleges. This lack of … Read more
Some ATMs have experienced issues where the entire card goes into the reader instead of being swiped to withdraw cash. After the transaction is complete, the card will be returned. However, there have been reports of criminals manipulating the ATM card reader to trap the card. Criminals install false card readers in ATMs to capture … Read more
Many people hesitate to invest because they do not know the correct calculation of how much to invest. By investing Rs. 15,000 monthly, you can earn a substantial amount, even up to Rs. 1 crore. This is the essence of the straightforward 15-15-15 principle, a promising path to your financial goals. Here’s how to implement … Read more
Secret Formula for Wealth Creation: Financially settled and successful people suggest knowing the difference between being rich and being wealthy. A rich person earns and spends, while a wealthy person earns, saves, and plans to grow their wealth. The critical difference lies in the wealth secret formula of working with money. A wealthy person understands … Read more
Before obtaining large loans from the bank or co-signing for someone else, you should realize the seriousness of the situation. When you co-sign a loan, you are legally responsible for repaying it. Under Section 126 of the Indian Contract Act 1872, the co-signer is equally liable for the loan. If the primary borrower encounters difficulties … Read more
Penny Stocks Investment Tips: The number of people investing in the stock market is increasing. Investors hope to buy stocks that bring good returns. However, there is a lot of risk involved. So, what are penny stocks? Will investing in them yield good returns? Is there a risk? Let’s find out more. Penny stocks are … Read more
When filing income tax, employees paying house rent must take several precautions. Making house rent payments partially in cash and partially online can lead to issues. In such cases, the house owner might not provide a rent receipt or may not declare the rent payment in their income tax returns to avoid taxes. This could … Read more
Avoiding Major Money Mistakes: Many of us have desires that exceed our incomes. We may want to wear a new outfit every day, drive our dream car, and move into a luxurious house with all the amenities. As our income grows, we often seek to change our lifestyle completely. For example, those who used to … Read more