In contemporary digital India, your bank account is most attached to your mobile number. You cannot live without it in a minor task, such as getting an OTP, getting an alert about the transaction, or using an app like UPI, such as PhonePe or Google Pay. Once you change your phone number and get stuck in the bank records, you are just locked out of your money. In the olden days, we were made to wait in a lengthy line at the bank office only to present a simple letter to change our numbers. This was a massive use of…
Author: Aryansh
Aryansh
He is a blogger with over 6 years of experience in digital marketing and blogging. He writes about personal finance, business, marketing, and the latest news. In his free time, he enjoys travelling and reading books about money.
Suppose you are standing in an ATM booth in the middle of a busy market. And you insert your debit card, enter your PIN, and wait for the cash. The machine makes a strange noise, and the screen goes blank instead of showing money. You wait for your card to come out, but nothing happens. The machine has swallowed your card. This could be a nightmare situation for anyone, especially if you have an urgent payment to make. It may make you suddenly rush with panic and begin pressing the buttons on the machine. You may even consider attempting to…
Money management in India has evolved considerably over the past few years. Previously, we were concerned with having a high minimum balance in our bank accounts. The bank would charge a substantial fine in case the balance decreased by even a few rupees. This was a huge problem for students or small earners and people just starting their careers. You do not have to deal with that stress anymore today. You can open a zero balance savings account and keep exactly as much or as little money as you want. A zero balance savings account is exactly what it sounds…
It is not an unusual thing in contemporary Indian offices. When a young employee who is in his/her late 20s or early 30s gets a managerial position in an office. They are now in charge of a team that contains many individuals who are ten or even twenty years older than him/her. This can be a very embarrassing situation in our Indian culture, where we are accustomed to respecting our elders since we grow up. You may feel that you are crossing the line, or you may be afraid that they are not going to listen to what you are…
Operating a business in India is an act of balancing. You want to expand the number of customers, but the increasing prices of everything may seem like a burden. Any shop owner or startup founder will come to a place where they are forced to cut the fat. The greatest fear is reduce business expenses will result in decreased quality of your product or service. When your quality goes down, so does the customer who will give you up, and the expense cutting was in vain. The trick is to find the latent leaks in your budget instead of reducing…
The stock market has never been fully reliable, and anyone who has traded in stocks for even a short time knows that prices can change a lot in a single trading session. What sets experienced investors apart from new ones is not their ability to avoid these changes, but their willingness to learn more about them. That’s exactly what the India Vix does: it gives a number value to the amount of market volatility that is expected over the next 30 days. It is found by looking at the bid and ask prices for out-of-the-money NIFTY options contracts on the…
Suppose you have worked hard and finished the project on time, and you provide quality outcomes. But when you make that last invoice, it simply lingers there in electronic purgatory. You dispatch another reminder. No more than silence or even a direct refusal to pay. It is a very frustrating situation for any business owner. You are having a mix of anger, confusion, and anxiety inside. You have wasted time and may be wondering how this loss will affect the money you have. Such a typical problem may occur to every freelancer or small entrepreneur offering basic services. It is…
Running a business in India is a rollercoaster ride. One day, you are celebrating a huge order from a first-time client. The following day, you are banging your head on the fact that there is not enough money in the bank to cover the electricity bill or the salaries of your staff. It is the standard trap of a business with zero cash, which is profitable. This is the nightmare of many entrepreneurs in cities such as Delhi, Mumbai, or Bengaluru. You have great numbers on your laptop screen. Your CA informs you that you have made a profit during…
Running a business in India is a dream for many of us. We see the shop shutters go up and the orders pouring in on WhatsApp. It feels like success when the phone pings with payment alerts. But then the end of the month arrives. You look at your bank balance and realize there is nothing left. In fact, you might even be struggling to pay your suppliers or staff. This is a painful reality for many small and medium-sized business owners today. Making sales is easy if you have a good product. Keeping that money is the real challenge.…
Every Indian household has faced this dilemma at some point. Your bank manager calls you and suggests a “Special Plan” that gives you life insurance and stock market returns in one package. On the other side, you see your friends talking about SIPs in Mutual Funds and how they are creating wealth. You are standing in the middle, wondering where your hard-earned money will be safe and grow the most. In India, we love “Two-in-One” deals, but these deals can sometimes be very expensive in the world of finance. Deciding whether to go with a Unit Linked Insurance Plan (ULIP)…