The full form of IMPS in banking is Immediate Payment Service. This electronic fund transfer system provides real-time updates for online payments such as bill payments, fees, tickets, merchant settlements and more. Understanding IMPS helps in making quick transfers for urgent needs, while being aware of limits, charges and operational details ensures smooth transactions. Below … Read more

As more organisations worldwide recognise the importance of employee financial wellness, companies are increasingly concerned about financial literacy among both new hires and long-standing staff. A survey by ArthaYatra found that 72% of Indian employees did not know how to manage their retirement savings; the same survey reported that 68% experienced financial stress and 37% … Read more

UPI has made digital payments fast and convenient, but errors can still occur. You might accidentally send money to the wrong account, experience a failed debit while funds are taken, or face delays in receiving a refund. The UPI dispute redressal mechanism exists to help users raise complaints, track their status, and get these issues … Read more

The MSME sector now influences nearly every aspect of daily life and plays a pivotal role in driving economic growth. As of May 2024, MSMEs accounted for 45.79% of India’s exports. Beyond trade, these enterprises enrich domestic markets by encouraging innovation and addressing needs that larger firms may overlook. For many aspiring entrepreneurs, an MSME … Read more

Buying a second-hand car for under ₹4 lakhs is a significant decision. A used car is often the best choice for new drivers who want to learn the ropes without committing to a brand-new vehicle. Even if you have the funds available, it makes sense to spend wisely and keep savings for unexpected expenses. Today … Read more

A personal loan statement provides a clear summary of your EMIs, interest rate, outstanding balance and repayment history. You can view or download your loan statement online through net banking, the lender’s mobile app or by email. Offline options include visiting a branch or contacting customer care to receive a printed or digital copy. Financial … Read more

Running a small business brings many responsibilities, and one of the most important is effective tax planning. Proper tax management helps businesses save money, avoid penalties and maintain healthy cash flow. Because tax rules can be complex, banks often step in to offer guidance, dedicated accounts and digital tools that make managing business taxes simpler … Read more

By : Srinath Gururajrao Vice President & CHRO, Nexval Group Corporations worldwide face both exciting opportunities and significant challenges in the hyper-competitive 21st century. To attract and retain talent, many organizations are introducing financial wellness programs that range from basic online tutorials and seminars to comprehensive health and retirement offerings. A company’s financial wellness program … Read more

Highlight: While job hunting can be a tedious task, you can improve your chances of getting your dream job with certain smart strategies. The job market is always changing, and 2024 has introduced new trends and challenges. Whether you are a recent graduate or re-entering the workforce, finding the right role can feel daunting. With … Read more

As technology reshapes the corporate world, recruitment and HR management are evolving rapidly. The growth of the gig economy, the need for adaptable workers who continuously update their skills, and a digitally fluent workforce are driving significant change. Employers now face fierce competition for skilled talent, making it essential to understand the recruitment trends that … Read more