Author: multiplapp

Confused About UPI Charges? Here’s What You Need To Know

UPI Charges

The National Payments Corporation of India (NPCI) has declared that from April 1, 2023, any Unified Payments Interface (UPI) transaction of more than ₹2,000 made via prepaid payment instruments (PPI) such as pre-loaded gift cards or online wallets will incur an interchange fee of up to 1.1%.    This caused a lot of confusion about whether…

Steps to update your Nomination

How to update Nomination in my folios? As per SEBI regulations, it is mandatory for all Mutual Fund investors to provide a nomination OR opt out of nomination for all their folios through declaration by 31st March 2023, failing which, the folios shall be frozen for debits by the Mutual Fund House till a nomination…

Why is Financial Planning Important For Our Future?

savings and investments

While savings and investments are a big part of a sound financial strategy, there are other factors to consider. What are your long-term goals versus your short-term needs? What is your budget? Have you planned for an emergency? Financial planning helps people determine whether they are on track to achieve overall financial success. So, in…

Home Loan Rates Have Touched 9%+. Should You Prepay?

save some money

The interest and principal repayment on such EMIs are deductible from their taxable income under the old tax regime as per the prescribed limits. This allows them to lower their tax burden and thus increase their disposable income. So, if your income falls under the taxable slabs, and you are considering buying a house on…

Importance of Long-Term Investment in Mutual Funds  

mutual funds investment

Long-term investing means keeping money in various assets for more than a year. Depending on one’s goals, it can be up to three, five, ten years, or even longer. These assets include mutual funds, shares, and debt securities like commercial papers, debentures, etc. Commonly long-term mutual funds investment is recommended because it allows investments to…

What are some good tips for saving money from your salary?

saving tips

Saving tips are an important step on the way to achieving your goals. Some people may be lucky enough to have a monthly salary that is enough to cover their responsibilities as well as their goals and aspirations, but most people have to give up their goals and aspirations because their income isn’t enough to…

What are the Most Useful Money Investment and Saving Tricks?

save your money

Investing and saving money can be difficult, but it doesn’t have to be. With the right strategies and tools, anyone can achieve their financial goals. In this article, we’ll discuss some of the most valuable tricks to invest and save your money. 1. Start Early The earlier you start investing and saving, the more time…

5 Low Risk Investment Options To Grow Your Wealth

low risk investments options

A well-made investment can become the currency of the future. In this hectic lifestyle, the cost of living is rising at a rapid rate, and one must meticulously plan savings in such a way that it delivers satisfactory returns while preserving the capital. Even for those who don’t understand the complexities of finance, there are…