Having conversations and communicating effectively about money is a difficult task for adults, let alone trying to make sense of it for children. Nevertheless, setting a sound money foundation should begin at an early age, that’s how the inhibition around money discussions will reduce.

Applying for a home loan isn’t difficult, thanks to online applications. But did you know that as per RBI rules, you need to cough up 20% of the total loan amount as a down payment?

Rs 5, Rs 10,Rs 20, Rs 50, Rs 100, Rs 500 and Rs 1000. Whether you are spending big or small, Mahatma Gandhi - the Father of the Nation - has smilingly witnessed your spending pattern. Since 1996, he has...

Compounding returns, especially in growth assets like equity can help you create wealth provided you give it enough time and hence, start early.

By taking some small but important steps, you can at least make sure that the financial aspects of this responsibility are handled with care. Here is a short list, that would be helpful for all new parents to follow.

Depending on how much a household earns, a Rs 30,000 EMI may be a big sum or not. But big or not, the impact on your household finances will be significant.

Many retirees choose Fixed Deposits due to the perceived low risk nature of the investment. The fixed interest rate and predictability of income also make this option attractive to them. There is however a catch. Fixed Deposits are taxed fully and the interest income is subject to tax deducted at source.