With digital banking and online transactions now part of everyday life, security is essential. One-Time Passwords (OTPs) provide an additional layer of protection for activities such as logging in, confirming payments, or completing other sensitive actions. By design, OTPs help ensure that only the legitimate user can access an account or finalize a transaction. Below … Read more

Understanding the differences between CGST, SGST and IGST is essential for accurate tax compliance and return filing. In 2017, India implemented the Goods and Services Tax (GST) to simplify and unify indirect taxation across the country under the principle of “One Nation, One Tax.” GST is structured into three main components—IGST, CGST and SGST—which together … Read more

Do you need to pay GST on personal loan EMIs? No — GST is not charged on EMIs, interest or the principal loan amount. However, GST is levied on certain loan-related charges such as processing fees and prepayment penalties. Knowing these tax implications ahead of time helps you budget and avoid surprises, since these charges … Read more

RuPay is India’s domestic card network, built to make local transactions affordable and efficient. Visa is a global payment network accepted in most countries. Choosing the right card network matters: the main differences between RuPay and Visa cards come down to where and how you plan to use them. If most of your spending is … Read more

The Interim Budget 2019 introduced tax relief aimed at lower and middle-income taxpayers. While the most notable proposal under Section 87A offered a full rebate for individuals with taxable income up to INR 5 lakh for FY 2019-20, taxpayers with gross annual incomes between INR 6 and 11 lakh can still benefit from several deductions … Read more

National Doctors’ Day is here, observed in India on July 1 to honor and recognize the dedication and sacrifices of physicians. At EarlySalary, we take this occasion to thank doctors for their tireless work. Let’s reflect on what they have endured and achieved over the past year. The COVID-19 pandemic has been difficult for everyone, … Read more

Gone are the days of long journeys just to withdraw cash. Micro ATMs have made basic banking services widely accessible, particularly in rural and remote areas. These compact, portable devices let users withdraw money, check account balances and perform other transactions without visiting a bank branch or a full-sized ATM. Curious what a Micro ATM … Read more

Saving regularly can feel challenging, but a recurring deposit (RD) simplifies the process. You commit to a small monthly amount and let it grow with fixed returns. Among public sector banks, Punjab National Bank (PNB) is widely trusted and has an extensive branch network, making it a dependable option for steady savers. The current PNB … Read more

If you’re considering mutual fund investments, you may have encountered the term NFO. What does NFO stand for, and is it a good option for your portfolio? Read on for a clear, practical guide to New Fund Offers (NFOs) in mutual funds and what to consider before investing. What is NFO in Mutual Funds? A … Read more

If you frequently leave surplus cash idle in your savings account, you could be missing out on higher returns. The automatic sweep facility is designed to fix that. Often searched as “auto sweep facility”, this feature helps your idle funds earn better interest without locking them away for long periods. Think of it as an … Read more