New Crypto Rule in India: What You Need to Know

New Crypto Rule in India: The Indian government has recently notified a new rule that brings the crypto sector under the Prevention of Money Laundering Act (PMLA), 2002. This means that crypto exchanges, custodians, wallets, and other service providers will have to comply with the anti-money laundering and counter-terrorism financing regulations, such as verifying the identity and address of their customers, maintaining records of transactions, and reporting suspicious activities to the authorities.

Good News for SBI-HDFC-ICICI Bank Customers- RBI have made these change in UPI Transaction Limit

UPI Transaction Limit: Unified Payments Interface (UPI) has become one of the most popular modes of digital payments in India, offering a quick, convenient, and secure way to transfer money between bank accounts. However, different banks have set different transaction limits on UPI transfers, which can vary based on factors such as the type of … Read more

General Budget 2023: Old Tax Vs. New Tax Regime- Which one is Better?

Old Tax Vs. New Tax Regime: With the announcement of Budget 2023-24, Finance Minister Nirmala Sitharaman has said she is making new tax regime as default regime. However, citizens will have option to avail the benefit of old tax regime. The amount of taxes you pay is likely to change ahead. Finance Minister Nirmala Sitharaman … Read more

Loan Restructuring Vs. Loan Refinancing: A Guide for Borrowers

Loan Restructuring Vs. Loan Refinancing: Both terms are quite confusing and can be understand as interchangeable or synonym for each other. Well it is not as both terms are quite different and serve specific purpose. In this article we will understand both of term in details so that you will not confuse in future. What … Read more

Planning for Retirement- 5 Best Govt-Backed Pension Plan you can Apply for in 2023

Planning for Retirement is necessary as life expectancy is increasing and people are living longer, which means that retirement can last for many years. This makes it even more important to plan for retirement to ensure that there is enough money to last through a potentially long retirement period. Retirement planning is necessary because it … Read more

OPD Insurance- Why it is important in your medical Insurance Policy?

OPD insurance, or “outpatient department insurance,” is a type of health insurance that covers the costs of medical treatments and procedures that do not require an overnight stay in a hospital. This can include doctor’s appointments, diagnostic tests, laboratory work, and certain types of therapy or rehabilitation. General health insurance, also known as comprehensive health … Read more

Insurance Portability- Meaning, Advantages & Disadvantages

Insurance portability is a great feature that allows policyholder to switch between insurers without having to start all over again. Reasons for Changing Insurance Provider There are a variety of reasons why people may choose to change their insurance provider. Some of the most common reasons include: These are the same reason where policyholder can … Read more

EPF- Employee Provident Fund Explained

Employee Provident Fund– EPF is the main scheme under the Employees’ Provident Funds and Miscellaneous Act, 1952. The employee and employer each contribute 12% of the employee’s basic salary and dearness allowance towards EPF. Currently, the rate of interest on EPF deposits is 8.10% p.a. EPFO (Employee Provident Fund Organization) The Employees’ Provident Fund Organization (EPFO) is … Read more

Securing the Future of the Girl Child: A Comprehensive Guide to Sukanya Samriddhi Yojana

Sukanya Samriddhi Yojana is a savings scheme launched by the Government of India in 2015, specifically targeted towards the girl child. The scheme aims to provide financial security to the girl child and promote girl child education and marriage. The Sukanya Samriddhi Yojana scheme was launched on 22 January 2015 in Panipat, Haryana by Prime … Read more

Mutual Fund Fraud- How an Investor can protect itself from it

Mutual Fund Fraud– Mutual funds have gained popularity in recent years as a way for individual investors to access professionally managed portfolios of securities. With the growing popularity of mutual funds, there may be an increased risk of fraud as scammers may try to take advantage of uninformed investors. In this article we will be … Read more

7 Personal finances to watch out for in 2023

Personal finance is the process of managing one’s money to achieve their financial goals. It encompasses budgeting, saving, investing, and protecting one’s assets. By understanding and practicing good personal finance habits, individuals can take control of their financial future and achieve financial security.