On your credit card bill, you will find two amounts: the total due and the minimum due. The minimum due might seem low and affordable, so some credit card users opt to pay only this. It may seem like a good choice, particularly if you are cash-strapped. But minimum due payments can result in higher…
UPI or Unified Payments Interface is a platform that enables you to send and receive money via your smartphone with your bank account. It has totally transformed the way individuals use money in their daily lives. The fact that UPI is so popular is that it eliminates the necessity of using cash and makes the…
It’s common to get confused when you see interest charges on your bills, despite having paid. This can be confusing and frustrating. The problem is usually due to a misunderstanding of billing cycles and grace periods. These might be technical terms, but they impact the amount you pay. With a little knowledge, you can avoid…
You would have to clearly understand how the two work in real life before you can decide when to use debit or credit. A debit card is directly related to your bank account. The payment is automatically debited from your available balance whenever you make a payment. This is to ensure that you will never…
Digital payments have become so common that most people no longer think twice before sending money online. Whether it is paying rent, ordering food, or splitting a bill, everything happens within seconds. But behind this speed, there is a complex system working between banks, payment apps, and servers. Because of this, even a small technical…
Nowadays, in the digital society, virtually everybody has encountered suspicious calls, messages, or emails at some time. You could end up with a message that you have been blocked by your bank account, or you could be making a call that you have won a major prize. Although these scenarios might appear to be dissimilar,…
Most of us nowadays do our shopping online, we use applications to pay our bills, or we save our card details so that we can use them to check out easily. But inconvenience comes at a heavy price, and a major question arises: Is our card data safe? As online fraud and cases of data…
UPI is pretty much everywhere in India now. Paying for groceries, splitting the bill at dinner, and grabbing something online, it’s just tap, scan, done. But behind that convenience, there’s a solid system keeping your money safe, thanks to some key rules from the Reserve Bank of India. These rules matter because they decide how…
Your smartphone can be used as a mini bank in the modern digitalized world. UPI apps are utilized in nearly all daily transactions, such as rent, food, etc. Owing to this reason, your phone holds very sensitive financial details despite the fact that it does not necessarily hold your money. In cases when your phone…
UPI is designed with multiple layers of protection, which makes it one of the safest digital payment systems in India. Even if someone has your phone in hand, they still cannot access your UPI account unless they know your UPI PIN. OTP plays an important role during the initial setup or when you try to…