Personal Finance Articles

What is the 50/30/20 Rule of Budgeting?

50/30/20 Rule of Budgeting

What is the 50/30/20 Rule of Budgeting?  The 50/30/20 rule of budgeting is a simple method that helps you manage your money more effectively. This basic thumb rule is to divide your post-tax income into three spending categories - 50%...

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Financial Derivatives: Meaning, Types, and Key Features

​​Financial derivatives are contracts whose value is derived from the underlying asset. Hedgers and speculators widely use these contracts to take advantage of market volatility. The buyer of the contract agrees to buy the asset at a specific price on...

stock exchanges in india

Stock Exchanges in India: Know the Types of Stock Exchange

What is Stock Exchange? A stock market is a place where the shares of publicly listed companies are traded. It originated in India at the end of the 18th century when a lot of negotiable instruments were introduced in the...

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How to Calculate FIRE Number in Finance for Retirement in India

What is the Financial Independence, Retire Early (FIRE) Movement? This is a financial movement defined by extreme savings and investment. The FIRE movement allows you to retire early by saving up to 70% of your annual income. This accumulated fund...

nri account

What is NRI Account? Types, Advantages & How to Open

A Non-Resident Indian (NRI) account can be opened by an NRI or PIO with any authorized bank in India. In India, there are three types of NRI accounts, namely, NRE account, NRO account, and FCNR account. This article covers NRI...

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What is Nifty Bees? Meaning, Best Nifty Bees, and How to Invest

Nifty BeEs is an exchange-traded fund that replicates the S&P CNX Nifty Index. It is the first ETF introduced by the benchmark in 2002 January. It trades on the National Stock Exchange and hence can be bought or sold in...

List of Financial Regulators in India with Their Objectives

The Indian Financial System has independent regulators for different sectors. Banking, Insurance, Capital Market, Commodity Market, Pension Fund, are the major financial sectors in India. The regulators are autonomous agencies that are responsible for regulatory and supervisory activities. Each regulatory...

ICICI Bank Savings Account Interest Rate & Charges 2025

ICICI Bank offers different savings accounts for different types of investor needs. The ICICI bank savings account interest rate up to 3.0% - 3.50% p.a. The interest computation is on a daily basis however, the payments are on a quarterly...