This is something most of us can relate to: our muscle memory failing us at the worst possible time. Sometimes you end a call instead of answering it, hit Shift + Delete instead of just delete, and lose critical data or files.
Things could get worse, for instance, when you enter the wrong UPI pin thrice and get your UPI app locked, especially when there is a long queue behind you.
India’s loan delinquency rate shot up from 3.3% to 3.6% in March 2025. What does this suggest? Borrowers are increasingly defaulting on loan repayments these days. As a result, getting loan approvals has become tougher. Any hint of default risk, and your application is rejected.
To improve their chances, borrowers usually focus on credit score and debt-to-income ratio, since these directly impact creditworthiness. But that’s not all; FOIR also plays a key role.
Have you ever noticed how UPI payment apps never ask for your bank account number? When you set up your UPI, all you are asked for is to create something that looks like an email address, and you are all set.
That "email-like address" is essentially a Virtual Payment Address: a simple replacement to enable quick transfer of funds. You no longer have to enter 16-digit account numbers or IFSC codes to send or receive funds.
This post will explore what VPA is in UPI, including its workings, the benefits it offers, and the most common suffixes in use for VPA today.
Every business needs capital. Whether it’s opening a new store, buying machinery, or simply managing cash flow, money makes the business go ‘round.
Now, not everyone wants to sell a piece of their business to raise that money. Sometimes, it’s easier (and smarter) to just borrow it and pay it back later.
Loan EMIs have enabled everyone to afford the lifestyle they’ve always desired.
In India, people spend more than 33% of their income on paying EMIs. And why not? From buying a home appliance to purchasing a house, every financial goal looks achievable, thanks to this repayment method.
But beyond affordability, paying EMI on time brings several long-term financial benefits. Let’s explore them.
Over the past two decades, Non-Banking Financial Companies (NBFCs) have grown significantly, from being small lending institutions to key players driving credit access across India.
Whether you urgently need funds to sustain your business’s operations or do not have enough money to pay a major medical bill, getting a loan can solve myriad problems. And thanks to the large number of financial institutions in the country today, interest rates are attractive, tenures are flexible and loan processing is smooth too.
However, if you avail multiple loans for different needs, but cannot make timely repayments, you might end up in a never-ending debt cycle.
So, though it is easy to take multiple loans for almost everything, from buying a car or house to taking that world trip, weigh the pros and cons carefully.
Money has continually evolved from coins to notes and from cheques to mobile wallets.
CBDCs are a new form of digital money issued by central banks, such as the Reserve Bank of India, and accessible directly on your mobile phone, similar to UPI or digital wallets.
Over 8 crore Indians filed income tax returns in FY 2023–24. Yet, when it comes to choosing between the old and new tax regimes, confusion still lingers.