Category: Financial Planning

Investing for the future is a daunting task. The large number of potential instruments means lots of options but it can also be confusing. For people who have never invested before, questions about the potential risk of mutual funds, equity, etc. can be a major deterrent. But that does not mean that one should let […]

Four months after the launch of BHIM or Bharat Interface for Money app, PM Narendra Modi launched an updated version last week which will enable users to transfer money to phone contacts, among several other new features. The app now also offers two major incentive schemes to encourage both merchant and individual to use this...

Youngsters who are taking their maiden flight towards financial freedom encounter several challenges. On stepping into the financial world, they suddenly get saddled with financial responsibilities. Since they have relied on their parents too long for their financial matters, therefore, most of them don’t have much knowledge and experience to handle their finances themselves. Without...

Modern women are so busy in juggling household chores, family responsibilities and their careers that they often forget to think about themselves and their future. While family and career are important but so is taking care of yourself, thinking about your retirement and planning for your financial security. Considering inflation and other future uncertainties, neglecting...

In India, parents depending on their children financially after retirement is followed as custom since ages. However, the scenario has changed in the past few decades. Retirees of today don’t want to be a burden on their children and prefer to live their lives on their own terms with financial independence. While retirement savings and...

Marriage is not just a union of two people but also their finances. We may fail to notice but it has a huge impact on a couple’s married life. Often, it has been observed that disagreement over finances have caused stress and done irreparable damages to a marriage. If you want your marriage to be...

In October, UPI’s (Unified Payments Interface) growth has been the fastest among all modes of retail digital payments. A representative data released by the RBI (Reserve Bank of India) showed that in terms of the aggregate volume of transactions to 76.77 million, the month-on-month rise in UPI transactions has been of 149%. Also, in value...

Banks and securities firms in India are expected to spend an estimated $9.1 billion on Information Technology (IT) infrastructure according to a Gartner report recently featured in the Business Standard (BS). Gartner is a globally recognized research and advisory firm and if its report is accurate, this indicates an increase of 11.7% on IT infrastructure […]

According to news report published by the Economic Times, National Payments Corporation of India (NPCI) has crossed the milestone of 25 million RuPay Discover cards. These cards were launched in the year 2014 and can be used at more than 40 million Point of Sale (PoS) terminals and over 1.9 million ATMs across 185 countries. […]

According to an Economic Times news report, HDFC Bank has reduced its Marginal Cost of Fund Based Lending Rates (MCLR) by five basis points. This reduction is applicable across all tenures.   One basis point is equal to 0.01 percentage point. The new rates are effective from 7th November 2017. A bank spokesperson said that […]