Marriage is significant in Indian culture, emphasizing the importance of a happy relationship between husband and wife. Financial stability is crucial for a happy married life. By following financial principles together, couples can save a considerable amount of money, potentially up to Rs. 7 lakhs in tax savings. Shared financial goals and mutual support are … Read more
In today’s fast-paced banking world, HDFC Bank is a well-known financial institution in India that offers a wide range of banking services. One essential tool for managing your finances is the HDFC Passbookâa record of your transactions with HDFC Bank. Whether it’s for tracking deposits, withdrawals, or interest earned, the passbook remains an essential part … Read more
Closing a bank account can be daunting, but sometimes, it’s necessary due to various circumstances. If you want to close your IDFC First Bank account, this guide will walk you through the steps, ensuring the process is as smooth as possible. Why You Might Want to Close Your IDFC First Bank Account There are several … Read more
Investing in a house is a significant endeavor, and it’s essential to protect it. Home insurance can help in case of natural disasters like floods. It can also cover rent loss if a tenant vacates the property. This insurance is available for one day to five years and for property owners and renters. Additionally, home … Read more
In today’s fast-paced world, managing money effectively cannot be overstated. This involves balancing spending, saving, and investing to secure financial well-being. Earning money is not enough; it should be spent regularly, and investments should be made for future needs, following certain principles to ensure adequate assurance. 30 Percent Rule: Never use more than 30 percent … Read more
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