Ever wished managing your finances was as simple as ordering food online? Open Banking does just that by enabling banks to share your financial data with trusted apps and services—only with your consent. This makes budgeting, loan applications and payments faster and more convenient. Below is a clear, practical guide to how Open Banking works … Read more

With the emergence of the coronavirus pandemic, governments worldwide have advised citizens to stay at home to slow the spread of the virus. Self-isolation is a necessary measure to protect public health, but confined to our homes many of us miss the energy of everyday social life. When work-from-home tasks fill much of the day, … Read more

Navigating India’s complex tax laws and frequent rule changes can be difficult even for conscientious taxpayers. Despite careful planning, missed filings or inadvertent mistakes can lead to substantial penalties. A lack of awareness about tax penalties can cost individuals and businesses significant sums if they fail to meet compliance requirements. This article highlights five key … Read more

The process of securities lending and borrowing lets you leverage your existing investment portfolio to access new financial opportunities. Securities-Based Lending (SBL) can help you enhance returns and maintain flexibility in your financial planning. Read on to understand how SBL could be the missing piece in your investment strategy, helping you unlock your portfolio’s full … Read more

NBFC stands for Non-Banking Financial Company. These institutions provide financial services—such as loans, fixed deposits and other credit products—outside the traditional banking framework. In India, NBFCs have grown substantially; by October 2022 there were over 9,000 registered NBFCs, many of which have expanded access to finance and supported financial inclusion across the country. NBFCs play … Read more

A retail loan is a common financing solution that helps individuals meet expenses without immediate strain on their finances. By increasing your purchasing power, retail loans let you make both small and large purchases and repay the amount over time in manageable EMIs. Designed for individual customers, retail loans offer flexible usage. Whether you need … Read more

A money multiplier fixed deposit (FD) is an efficient way to grow your savings while retaining ready access to funds. This facility links your savings account with a fixed deposit, so any balance above a predetermined limit is automatically placed into an FD, and funds are returned to your savings account as needed. The arrangement … Read more

Investing isn’t just about where you put your money—it’s also about how you move it. A Systematic Transfer Plan (STP) helps you transfer money from one mutual fund scheme to another at regular intervals, allowing you to stay invested while managing risk. STPs remove the pressure of timing the market and provide a disciplined way … Read more

A brand-new car can be exciting, but it is not always the most practical choice—especially as vehicle prices keep rising. If you are on a budget or want to make a financially sound decision, a well-maintained used car is an excellent alternative. Whether it’s your first vehicle or an additional family car, a quality pre-owned … Read more

Living well and reaching goals like buying a car, travelling, or purchasing a home often requires careful financial planning and disciplined saving. Saving a portion of your income each month provides a cushion for emergencies—such as job loss, resignation, or unexpected medical expenses—and helps you meet long-term goals. A common question is: how much of … Read more