What is Digital Payments in India & How Does It Work

Ever paid for something with just a tap on your phone or by scanning a QR code? That’s digital payments (or electronic payments) in action. Digital payments are transactions made electronically using devices like smartphones, computers or cards instead of physical cash or cheques. The digital payment meaning is simple. It is the secure transfer …

Return On Investment (ROI): Meaning and How to Calculate It

When presented with a multitude of investment options, return on investment is a metric that can help you separate good bets from money pits. It allows you to evaluate potential ventures, predict profitability and mitigate risks.  Knowing the formulas to calculate it helps you make informed decisions and ensure that you never miss out on …

Who Qualifies for Healthcare Coverage Under Ayushman Bharat Yojana

In 2018, the Government of India launched Ayushman Bharat Yojana – a transformative healthcare initiative aimed at providing financial protection to millions of vulnerable households.  Being the world’s largest government-funded scheme, it aims to achieve Sustainable Development Goals (SDGs) and the vision of Universal Health Coverage (UHC) by covering over 55 crore beneficiaries. However, to …

TDS Check by PAN Card: Step-by-Step Guide to Check TDS Status Online

A TDS check helps you confirm whether the tax deducted from your salary, interest income, rent, commission or other payments has been correctly deposited with the government. This is important before filing your Income Tax Return, as even a small mismatch can affect your refund or create a tax notice risk.   Wondering how to check my TDS, how to check TDS online or how to …

Why and How to Make a Budget? Important reasons and tips

Knowing how to prepare a budget is one of the essential life skills that can help you manage your finances. Budgeting allows you to spend your income to meet all your needs effectively. Moreover, a proper budget helps you to cut unnecessary costs and save more to secure your financial future. Read on to learn …

7 Easy Steps to Be Financially Healthy

Saving money with some planning is easy but being financially healthy involves more than that. It includes building funds for emergencies, investing for better growth, avoiding spending beyond your means and more.  However, everyone has different goals and preferences. As such, there is no one-size-fits-all solution that answers the question of how to stay financially healthy. …

7 Useful Tips to Build a Strong Financial Future

Money management is crucial in helping you tackle uncertainties. Becoming financially disciplined is a gradual process that requires efficient planning.  As the saying goes, the sooner you learn how to manage money, the better you become at handling finances and building wealth. Having a solid grip on your finances is the best way to address …

Smart Financial Decision-Making: 7 Easy Tips You Can Use Now

Making wise financial decisions is important to safeguard your future. Whether the decision is investing in stocks or buying a cup of coffee every day, these can affect your financial health in the long term. However, there are many variables to consider and budgeting alone isn’t enough.  Here are some tips to make smart financial …

All About 5 Amazing Passive Income Ideas in India in 2024

Thanks to a growing economy, you have ample passive income ideas in India to explore to augment your wealth. No matter who you are, starting a passive income stream is beneficial, especially if it requires minimal involvement or monitoring. These income sources can also serve as ways to work toward retirement goals. Read on to …

Capital Receipts: Important Details and What You Should Know

Capital receipts are non-business income that either reduces the assets or increases the liabilities of a business. Simply put, these are receipts for income generated through occasional capital activities and not routine operating activities. It is also a written record of payment made in exchange for goods or services. Because of the capital nature of …