Personal Finance

6 Financial Resolutions for the New Year: 2021

by Devyani Mishra • December 31, 2020

Today is the last day of 2020 ; a year that has been difficult for us on multiple fronts. While most of us are ready with our list of resolutions to improve our physical, mental and professional well being, more often than not we leave out making financial resolutions and take unplanned wealth decisions. This […]

Debt funds vs fd

Debt Mutual Funds vs Fixed Deposits

by Devyani Mishra • November 6, 2020

Traditionally speaking, India as a nation has been on the fence about mutual funds for most of its history. From its inception in 1965 up until 1987, Assets under Management in the mutual fund industry grew from Rs. 25 crores to Rs. 4564 crore only. The economic upheavals of the past have, to some extent, […]

how to invest in FD

How to Invest in Fixed Deposits

by Devyani Mishra • November 3, 2020

Are you among those individuals who think investing in a fixed deposit is a safer and guaranteed way to generate income? If yes, then you are not wrong! This traditional investment option is popular for generating steady but assured returns. In fact, financial experts deem fixed deposits suitable for risk-averse individuals. It also comes in handy […]

Fixed Deposits vs Mutual Funds: A Comparative Analysis

by Devyani Mishra • October 21, 2020

Your money needs to work hard to make you more money, and there are no two ways about it. And when it comes to that, mutual funds vs fixed deposits has been a quandary like none other among Indians.  Perennially, Indians have vested their trust in fixed deposits, which prevalently speaks to the conservative mindset […]

indians Fixed deposits

Why Do Indians Prefer Fixed Deposits?

by Devyani Mishra • October 20, 2020

If you ask Indians where they park their excess funds, a majority will attest to opting for fixed deposit schemes. Here, making an FD investment is synonymous with financial maturity. If you have such an account, it can probably help you tide over periods of financial uncertainty. Fixed deposits are investments where individuals can park […]

RBI Monetary policy highlights

RBI Monetary Policy : Key Highlights

by Revati Krishna • October 9, 2020

The Reserve Bank of India left the repo rate unchanged at 4% in its monetary policy committee meeting. The MPC maintains an accommodative stance.  The reverse repo rate also stands unchanged at 3.35%. The members of the MPC voted unanimously in favour of the decision. The repo rate has remained at 4% since the August […]

10 steps to achieve financial freedom

Independence Day Special : 10 Steps To Achieve Financial Freedom

by Revati Krishna • August 14, 2020

Shahrukh Khan once said, “Don’t be a philosopher or a teacher without being rich. Money is significant — earn it when you can.” There have been contrasting opinions on how important is money, finances and everything that comes with it. While one side of the world  says money can’t buy you happiness, the other side […]

how to get out of debt trap

Stuck In Debt Trap? Know How To Escape It Smartly

by Revati Krishna • August 14, 2020

A  loan can work wonders for you, a misjudged debt can lead you into a trap. Simply put, a debt trap is a situation where debt is almost impossible to repay because of high-interest payments, lower finances and multiple loans resulting in multiple EMI payments. However, debt can be tackled smartly if you educate yourself […]

economic relief package

Nirmala Sitharaman’s Economic Relief Package : All Key Announcements

by Revati Krishna • May 13, 2020

Finance Minister Nirmala Sitharaman on 13th May 2020, announced “reform-driven” steps under the Atmanirbhar Bharat Abhiyan Scheme. Rs 20 lakh crore has been allocated by the government for this scheme as a relief package for the economic losses that the country had to bear due to coronavirus. All the announcements were made over a period […]

SBI Cuts Lending Rates By 15 bps Across all Tenors

by Revati Krishna • May 7, 2020

State Bank of India (SBI) announced a reduction of 15 basis points in its marginal cost of lending rate (MCLR) across all tenors.  The one-year MCLR has now come down to 7.25% from 7.4% and the rate is effective from May 10, 2020, the bank said in a press release on 7th May. The bank […]

How to Change Your Mobile Number in Aadhaar Card

How to Change your Mobile Number in Aadhaar Card?

by Rohit Bhattacharya • May 7, 2020

Aadhaar is a 12-digit unique identification number issued by the Indian government to the resident citizens of India by taking a person’s biometric details like iris scan and fingerprints, and demographic information such as DOB and address. Keeping your Aadhaar updated is not only beneficial but is quite necessary to avail of a lot of […]

How to Link Aadhaar with Mobile Number Online

by Rohit Bhattacharya • May 6, 2020

Aadhaar Card is the unique identification card issued by the Government of India to all Indian citizens. The card carries a unique 12-digit number called the Aadhaar Number, based on the specific biometric and demographic data of each individual. Aadhaar Linking with your mobile number has become mandatory by the Government as per the order […]

RBI Extends Liquidity Support of Rs 50,000 Crores for Mutual Funds

by Revati Krishna • April 27, 2020

The Reserve Bank of India (RBI) announced a financial support package on April 27 (Monday) for mutual funds amid liquidity concerns after Franklin Templeton Investments wound up six of it’s debt funds and barred all redemptions. The package, also known as Special Liquidity Facility- Mutual Funds (SLF-MF), seeks to provide the mutual fund industry with […]

Steps to Invest in FD on Groww

How to Invest in an FD on Groww

by Devyani Mishra • April 27, 2020

Greetings Investors! At Groww, our endeavor is to provide you with a wide range of investment options that you can invest in with ease. The latest addition to our product suite are fixed deposits. Fixed deposits are investments where individuals can park their excess savings, and enjoy considerable wealth appreciation over the long term. These […]

Reverse repo rate cut

RBI Announces Fresh Liquidity for Financial Institutions; Reduces Reverse Repo Rate

by Revati Krishna • April 17, 2020

Reserve Bank of India’s (RBI) governor, Shaktikanta Das, addresses the media to announce measures easing liquidity pressure on microfinance institutions, shadow banks and the banking industry. The RBI governor, in his second address to the media in a month’s time, announced three key measures to ease liquidity pressure on our banking institutions so that the […]

savings scheme interest rates revised

Government Revised Interest Rates for NSC, PPF and Other Small Savings Schemes

by Devyani Mishra • April 6, 2020

Government of India has released a memorandum revising the interest rates for Small Savings Schemes on March 31, 2020. This revision is for the first quarter of the financial year 2020-21 (from April-June 2020). The rates are revised for 12 different deposits and schemes. Details of the Revision Here are the details of the revised […]

tax saving deadline extended for FY 19-20

How Does the Extension of the Tax Saving Deadline for 2019-20 Affect You?

by Devyani Mishra • April 6, 2020

Government extended the deadline for making tax-saving investments for the financial year 2019-20 on March 31, 2020. This is good news for people who couldn’t make these investments earlier and avail tax deductions. However, people have a lot of questions and today, we will endeavor to answer a few to offer more clarity on the […]

ways women can prepare themselves before investing

7 Simple Ways Women Can Prepare Themselves Before Investing

by Devyani Mishra • March 6, 2020

It’s the year 2020 and the world of investments, particularly mutual fund investments is evolving at breakneck speed. With different schemes available to suit your financial goals, to the level of ease of the transaction process, investing is getting convenient by each passing day. While men have dominated the investment space for a long time, […]

how to apply for pmay

How to Apply for Pradhan Mantri Awas Yojana?

by Devyani Mishra • February 25, 2020

When it comes to life goals – owning a home is probably right at the top – no matter which strata of society a person belongs to. However, amidst the rising costs of living and starkly disproportionate growth in income, affordable housing seemed a distant dream for the urban poor and people with lower socio-economic […]

old vs new tax regime

Old Vs New Tax Regime: Which Is Better?

by Devyani Mishra • February 9, 2020

When it comes to the budget every year, one announcement that citizens eagerly await is reformed in income tax. Budget 2020 which was presented by finance minister Nirmala Sitharaman on 1st Feb, did exactly that, announcing some drastic tax rejigs.  In a bid to simplify taxes and remove the dependency of citizens on tax consultants, […]