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…
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…
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…
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…
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…
Do you live from paycheck to paycheck? Does it feel like no matter how hard you try, you never seem to be able to catch up with your financial obligations? It’s an all-too-common story, but there’s good news: You can break the cycle with some “money-saving” habits—and no, it doesn’t involve getting a six-figure income.…
Indians have always been proud of their ability to save money. This country has a long tradition of saving money for future generations. One doesn’t need to travel far from home to understand the importance of saving. The examples are right in our own homes. However, savings have recently taken a back seat, with the…
Due to the uncertain market environment and the unpredictability of the financial future, it’s crucial to choose a strategy that will help you manage your money effectively. So, in this article, we will discuss why goal based financial planning is so important in India. What is Goal Based Financial Planning? A goal based financial planning…
About Multipl Multipl is the only app that allows big-ticket purchases as well as long-term wealth creation via investing, saving, and spending. We balance your savings, investments, and spending to make sure you live a debt-free life. Overall, you can save money online more than you would with credit cards and bank savings. How Do…
It’s not late to start working on your financial goals, whether they involve spending less or saving more money. Balancing your finances may appear to be a challenging task, but it does not have to be. If you know how to start saving money today, you’ll be on your way to financial success. It’s not…
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