Interest is calculated on the investment or loan taken. There are two ways one can calculate interest. The two ways are simple interest (SI) and compound interest (CI). Simple interest is basically the interest on a loan or investment. It...

In the current age, having a bank account is essential. Moreover, all financial subsidies given by the government are also routed through bank accounts. Also, the financial inclusion initiatives taken by the government have ensured almost all citizens have a...

Just married? Life is all bliss and you are all excited about being married. But once the stage of euphoria ends starts the actual married life. There will be a lot of adjusting from both sides. Adjusting also includes finances....

All of us have bank accounts and most of us even have a surplus amount lying in that account. The first step to financial planning is having an emergency fund. It should cover at least a minimum of 3-6 months...

Dividend policy is the guideline for dividend distribution drafted by the board of directors of the company. The policy includes parameters for sharing profits with the shareholders. It also includes how often and in which form the dividends are to...

A credit score is a measure of one's creditworthiness. A higher credit score indicates a better ability to repay a loan. Additionally, it can get faster loan approvals, cheaper interest rates and better bargaining power. Whereas, a lower score will...

What are growth funds? Growth funds are a type of mutual funds that invest in growth stocks. Growth funds aim to earn returns through capital appreciation than dividends. These funds majorly invest in companies with good revenue growth and proven...

It’s that time of the year again when we randomly invest in different 80C investments to save tax. But with increased awareness, investments in ELSS funds have increased. But there is the confusion that persists as to how many ELSS...