Updating the photograph on your Aadhaar card has become the most important step in maintaining a valid identity document. Keeping your Aadhaar photocurrent prevents discrepancies during identity verification as you age. The process is straightforward, You have to visit the…
The Union Budget for the fiscal year 2024-2025 has been announced, presenting a detailed and ambitious roadmap towards the vision of a ‘Viksit Bharat‘ or a developed India. This budget is designed with a focus on inclusivity, sustainability, and robust…
Income tax slabs are announced by the Finance Minister in the annual budget. These income tax slabs are crucial for taxpayers as it helps to calculate the total tax that an individual has to pay for a fiscal year. As…
Basis Points (BPS) is a critical standard of unit in finance that represents one-hundredths of a percentage point (0.01%). It is one of the prudent indicators that impact financial decisions and valuations. The basis points are used by RBI, bond…
Have you ever held onto something just because you’ve already invested time, money, or effort into it, even if it wasn’t making sense anymore? If yes, then you’ve encountered the concept of sunk costs. In this blog, we’ll break down…
The Repo Rate is the interest rate at which the central bank lends money to commercial banks with the idea of regulating credit availability. While the reverse repo rate is the rate at which a commercial bank lends funds to…
Imagine you’re walking through your neighbourhood and notice a broken pipe gushing water into your neighbour’s yard while they’re away on vacation. Without a second thought, you call a plumber and pay for the repair to prevent further damage. When…
Pre-payment penalties are implemented by lenders to minimize the financial risks that can be associated with early loan repayment. While pre-paying a loan can seem like a responsible financial move, it’s crucial to be aware of potential obstacles, such as…
The total currency and the liquid assets available in an economy at a given time are known as the Money Supply. It consists of physical currency, such as coins and banknotes, and digital money stored in various forms in banks.…