Wealthpedia Team
Financial thumb rules are simple, easy-to-remember guidelines that can help you make quick calculations and decisions about your finances. Here are some of the most popular ones: 1. The Rule of 72 The Rule of 72 is a quick way to estimate how long it will take for an investment to double in value, given … Read more
Investing in the stock market can be a rewarding journey, especially when you understand the performance of various market indices over time. In this blog post, we will analyse the performance of several key market indices over the last 10 years, based on the data provided. This analysis will help investors make informed decisions about … Read more
Introduction The Nifty 50 index, introduced by the National Stock Exchange (NSE) on April 21, 1996, is one of India’s premier stock market indices. It comprises 50 of the largest and most liquid companies across various sectors, representing approximately 65% of the free-float market capitalization of the NSE. Over the past 25 years, the Nifty … Read more
In an increasingly digital world, mobile wallets and payment services have become an essential part of our everyday transactions. WhatsApp Pay is one such service that has gained significant traction in India due to its convenience and seamless integration with one of the country’s most popular messaging platforms. In this article, we will explore everything … Read more
If you’ve recently received an income tax notice regarding Section 80GGC, it’s important to understand what this section entails and how it impacts your tax liabilities. In this article, we will walk you through the basics of Section 80GGC, the possible reasons for receiving an income tax notice, and how to address the issue. We … Read more
Yes, it seems that the new tax regime proposed by the Finance Minister offers significant tax relief for individuals earning up to ₹12 lakh annually, effectively making their income tax-free. This would be beneficial for middle-income earners, as they will see a complete reduction in their tax liability compared to the current tax rates. Income … Read more
Introduction The Life Insurance Corporation of India (LIC) has been a cornerstone of the Indian insurance sector for decades. With a mission to provide life insurance to every citizen, LIC has introduced numerous schemes aimed at different segments of society. One such innovative initiative is the Bima Sakhi Yojana, designed to empower rural women by … Read more
The Unified Payments Interface (UPI) has revolutionized digital payments in India, making transactions seamless and efficient. To further enhance the user experience, the National Payments Corporation of India (NPCI) introduced UPI Lite, a feature designed to facilitate low-value transactions. This article explores the features, benefits, and usage of UPI Lite, along with a comprehensive FAQ … Read more
Unified Payments Interface (UPI) has transformed digital transactions in India, making them quick, easy, and secure. However, until recently, UPI was primarily accessible to smartphone users. Recognizing the need to extend this convenience to feature phone users, the Reserve Bank of India (RBI) introduced UPI 123Pay. This service allows feature phone users to perform UPI … Read more
Unified Payments Interface (UPI) has become a cornerstone of digital transactions in India, offering a seamless and efficient way to transfer money. To further enhance its utility, the National Payments Corporation of India (NPCI) introduced UPI Circle. This innovative feature allows users to share their UPI ID with trusted individuals, enabling them to make transactions … Read more
UPI limits are set by the National Payments Corporation of India (NPCI) and can vary based on the type of transaction and the bank involved. Generally, the standard UPI transaction limit for peer-to-peer payments is ₹1 lakh per day. However, this limit can differ for specific transaction categories and banks. Standard UPI Transaction Limits Bank-Specific UPI … Read more
Ratan Tata, the former chairman of Tata Sons, is one of India’s most revered industrialists and philanthropists. His leadership has not only transformed the Tata Group into a global conglomerate but also set a benchmark for corporate ethics and social responsibility. As of 2024, Ratan Tata’s net worth is estimated to be around ₹3,800 crores. This … Read more
Autopay on Google Pay is a feature that allows users to automate recurring payments for various services and subscriptions. This can include utility bills, streaming services, and other regular expenses. Here’s a detailed look at how to set up and manage Autopay on Google Pay: Setting Up Autopay on Google Pay Managing Autopay Benefits of Using … Read more
On September 2, 2024, the National Payments Corporation of India (NPCI) introduced a groundbreaking feature in the realm of digital payments – the UPI Circle. This innovative addition to the Unified Payments Interface (UPI) ecosystem is set to revolutionize how users manage and delegate their payment tasks, bringing a new level of convenience and security … Read more
In today’s digital age, where online transactions are a part of our daily lives, ensuring the security of our financial information is paramount. One crucial aspect of card security is the Card Verification Value (CVV), a three or four-digit code found on the back of credit and debit cards. This article explores the significance of … Read more