What is UTGST? UTGST stands for Union Territory Goods and…
The Union Budget 2024, presented by Finance Minister Nirmala Sitharaman, outlines significant changes affecting the prices of various goods. Key focus areas include tax reforms, import duty adjustments, and measures…
What does the Union Budget 2024 PDF Documents Contain? The Budget 2024 document acts as a comprehensive repository of information outlining the government’s fiscal plans for the upcoming year. Here’s…
In the ever-evolving landscape of digital payments, the Unified Payments Interface (UPI) has emerged as a champion of convenience and speed. In 2024, the State Bank of India (SBI) implemented…
Employment and Skilling Budget 2024 Highlights: FM Allocates ₹1.48 Lakh Crore The government will provide financial support for loans up to ₹10 lakh for higher education in domestic institutions In…
The National Payments Corporation of India is a not-for-profit organization that aims to create nationwide standards for business and retail payments across India.
Linking your Aadhaar number to your PAN card is now a mandatory requirement in India. This crucial step ensures smooth tax filing, prevents fraudulent activities, and allows for efficient government…
Do you want to know more about the various tax rates levied on all countries’ food and beverages? Read more to find out.
Unified Payments Interface (UPI) is a popular way to make online transactions in India. It’s known for being easy, safe, and quick. To use UPI, all you need to do…
The Unified Payments Interface (UPI), launched in 2016, is a popular digital payment system in India that enables users to conduct quick bank-to-bank transactions using just their mobile phones. Google…
The rapid digital transformation has propelled B2B e-commerce to the forefront of business strategies worldwide, emphasising efficiency and convenience for businesses. Unlike B2C e-commerce, which focuses on individual customers, B2B…
Budget 2024 Top Highlights & Updates As per the Press Information Bureau (PIB), the following are the key updates on the Indian Budget 2024 presented by Finance Minister Nirmala Sitharaman:…
In recent years, India has seen a surge in online businesses due to widespread internet and mobile technology adoption. Many seek financial independence through low-investment businesses that can be started…
Imagine this: you’re on your phone, swiftly handling your day’s transactions with UPI. You hit ‘send’ and only then realize that you’ve sent money to the wrong person or entered…
Bounced Cheque Meaning A bounced cheque, or dishonoured cheque, occurs when a bank rejects payment due to issues like insufficient funds, mismatched signatures, incorrect account information, expired cheques, or stop…
Introduction to RTGS Transactions Real Time Gross Settlement (RTGS) is a quick fund transfer method that lets customers transfer their funds from one bank account to another electronically. RTGS is…
After the formation of the NDA government in India, the first GST Council meeting was held on 22nd June, 2024 in New Delhi. The GST Council meetings are highly anticipated…
Union Finance Minister (FM) Nirmala Sitharaman, in her Budget 2024 speech, touched upon a number of government schemes and their impact. Here is a list of all the schemes that…
GST Registration is mandatory for certain businesses in India. Read this article to understand the eligibility criteria for GST registration in India.
Finance Minister Nirmala Sitharaman unveiled the Union Budget 2024-25 today, addressing the high expectations of taxpayers and salaried employees. The Union Budget 2024 has brought forth substantial reforms in the…
Union Finance Minister Nirmala Sitharaman presented the Union Budget 2024 today, July 23, announcing a substantial allocation of ₹1.52 lakh crore for agriculture and allied sectors in FY25. This announcement,…
Budget 2024 Top Updates For MSME Sector On July 23rd, Finance Minister Nirmala Sitharaman presented the Union Budget for the fiscal year 2024-25. While the budget included significant adjustments for…
As we move into 2024, everyone must stay updated on the upcoming bank holidays in India. This comprehensive guide provides a detailed list of all bank holidays in India for…
If you haven’t linked your PAN and Aadhaar card, you may risk paying a higher income tax. Additionally, your PAN becomes inoperative, preventing you from conducting banking transactions over 50,000…
By registering with Udyog Aadhaar by MSME department businesses can benefit prevalent opportunities, and yes, you can also register offline.
The Union Budget for the financial year 2024-2025 is a crucial event in India’s economic calendar. It is traditionally presented annually by Finance Minister Nirmala Sitharaman, outlining the government’s fiscal…
The National Payments Corporation of India (NPCI) is introducing an exciting new feature that lets customers use their credit cards on UPI like a credit line. This new development follows…
SSL (Secure Sockets Layer) is one of the most important components of making a business website secure, helping you gain a trustworthy image and protect your customers’ data.
A minimum viable product means a product which usually has one basic set of features. It is released to a handful of people to test a new business idea.
The Economic Survey 2023-24, released on July 22 by India’s Finance Minister Nirmala Sitharaman, highlights a robust recovery in GDP growth, averaging around 8% over the past three years. It…
Have you ever been asked to show your Aadhaar card, only to realize the address listed is from your previous house, and no longer up to date? Don’t worry, this…
IMPS, or Immediate Payment Service, is India’s real-time interbank electronic funds transfer system. It lets customers send and receive funds instantly, 24×7, across different banks, and financial institutions. IMPS is…
The banking industry has evolved to become more adaptable and tech-savvy. In this age of digital transactions, it is rare to need cash to make purchases. Mostly, people use credit…
Entrepreneurship involves the ability and willingness to create, manage, and operate a business enterprise, facing various uncertainties to achieve profit. A key example of entrepreneurship is the establishment of new…
Have you ever been in a situation where you tried to use your ATM card, only to be told that it was blocked? This can happen at the slightest possibility…
A high-risk merchant account is a specialised financial service designed for businesses that traditional banks and payment processors consider risky. These accounts enable such businesses to accept card payments despite…
Business documents comprise of a number of must have agreements and aprrovals. This article talks about the most important documents a startup needs.
Brown Label ATMs are operated by service providers who lease the ATM hardware, with cash management and connectivity to banking networks handled by a sponsor bank. This model serves as…
Many companies make the mistake of delaying the logo registration and losing their brand name to a third party. Hence one should opt for logo registration at the earliest.
White Label ATMs were introduced by the Reserve Bank of India (RBI) under the Payment and Settlement Systems Act 2007 to enhance financial inclusion and expand ATM networks in rural…
In today’s digital age, convenience is paramount, and the Unified Payments Interface (UPI) has emerged as a game-changer for online payments in India. With just a few taps on your…
Startups are innovative ventures launched to solve specific problems or meet unmet needs in the market. They are driven by ambitious entrepreneurs seeking growth and scalability. Startups face numerous challenges,…
Can I withdraw ₹1,00,000 in a day using my SBI Debit Card? The answer is both yes and no. It depends on the type of debit card you possess. If…
The Reserve Bank of India (RBI) recently signed up for Project Nexus, through which the banking regulator aims to make instant cross-border retail payments a reality in India. Through Project…
Discover how to start an ecommerce business with our comprehensive guide, from platform selection to product sourcing, ensuring a smooth and successful launch
The basic idea behind the Make In India scheme was to increase the manufacturing units in India of not just Indian companies but foreign companies as well.
Freelancers who provide services need to register for GST if their annual turnover exceeds the threshold of 20 lakh.
NEFT, IMPS, and RTGS are some of the popular payment modes under Third Party Transfer that will help customer remit funds to a beneficiary.
If you have recently moved to a new city or have changed your permanent address, it is important that your Aadhaar card address is changed too. You need to maintain…
Updating your Aadhaar card is crucial as it serves as a primary identification document for various services and transactions in India. Ensuring your Aadhaar information is accurate helps in availing…
Have you ever found yourself at an ATM, only to realize you’ve left your wallet at home? Or been in a situation needing cash with only your smartphone on hand?…
From opening a bank account to obtaining a new cell phone connection, one of the most widely used identity documents is the Aadhaar card, issued by the Unique Identification Authority…
An mPIN is a 6 digit passcode that you must enter every time you wish to make a transaction. Without the mPIN, you cannot make UPI transactions.
Applying for an SBI ATM card has never been easier, thanks to the numerous methods available for both tech-savvy users and those who prefer traditional ways. In this detailed guide,…
Targeting a specific segment of the audience by focusing on selective products and services has its own set of advantages. Read more here.
MSMEs, standing for Micro, Small, and Medium Enterprises, are the pillars of India’s economy. Small industries have a huge scope for growth in a country with over 160 crore people.…
The ESI scheme applies to all factories and establishments where employee strength is 10 or more. It is a self-financed social security scheme designed to protect employees covered under the ESI act.
HSN stands for Harmonized System of Nomenclature, and is used to classify goods in a systematic manner.
One of the features of RTGS that make it particularly relevant for modern consumers is that the transactions can be initiated through net-banking.
What is an Advance Payment? An advance payment is a prepayment method, where a buyer can pay money to the payee before receiving the goods or services. If there is…
The use of the GST HSN Code allows uniform acceptability and standardization of goods worldwide. Read all about it here.
Assuming that you are registering under GST for the first time, you must follow the following steps in this article to check your GST registration status.
A private limited company is a privately-held business entity. It is held by private stakeholders. The governing body for such a company is the Ministry of Corporate Affairs (MCA).
Explore and learn about latest GPay per day limit in India, maximum transaction limit on Google pay, how much money you can send or receive with GPay and the maximum…
What determines if CGST, SGST or IGST is applicable? What is Central Goods and Services Tax (CGST) and State Goods and Services Tax (SGST)? Read to know.
Market segmentation is a process of dividing your customers and your visitors into segments based on the qualities that they share in common.
NEFT is an extremely convenient form of making online transactions. It also accommodates transfers to NRE and NRO accounts.
Entrepenuers and marketers consider logistics as the final frontier in the purchasing process. Read more on inbound and outbound logistics here.
Understanding the charges associated with Real-Time Gross Settlement (RTGS) transfers is essential when conducting high-value transactions. By knowing the fees, you can make informed decisions and ensure cost-effective and efficient…
UPI (Unified Payments Interface) is a popular payment system in India that allows seamless digital transactions. Google Pay is a popular UPI payment gateway that allows you to make digital…
Any corporate involved in business in India requires a PAN. Be it an Indian company or a foreign company, a PAN is required for a business to run and earn money.
Introduction to NEFT Transactions NEFT or National Elеctronic Fund Transfеr, is a popular modе of transfеrring money from one bank account to another in India. It is a vital еlеctronic…
GST offers numerous benefits to startups like simple tax processes, online procedures and ease of doing business.
If you are looking for a secure, convenient, and cost-effective way to pay your credit card bills, you might want to consider using National Electronic Funds Transfer (NEFT) – a…
What is GSTIN? GSTIN, short for Goods & Services Tax Identification Number is a 15-digit, unique identification number allotted to each taxpayer (GST registered business, firm, dealer, supplier, business entity)…
What is a Termination Letter? A termination letter is an official communication informing an employee that their employment is being terminated. It is given in cases of involuntary termination of…
What is POS Limit? A Point-of-Sale (POS) limit determines the amount of money that can be spent using a debit or credit card in a single transaction at a merchant’s…
Market research is a process that consists of gathering data and information pertaining to your target audience in a systematic way. Read on to know more.
A cancelled cheque serves as a financial instrument used to validate if a user has an account with a particular bank or institution. Essentially, a cancelled cheque is invalidated by…
Credit cards issuer offers the convenience of withdrawing cash from ATMs or banks, providing immediate access to funds when needed. However, credit cardholders must consider several key factors, such as…
A Google Pay (GPay) transaction failure occurs for various factors, such as insufficient funds, technical glitches, or connectivity issues, can cause this issue. The users who experiencing transaction failures should…
IMPS is a real time fund transfer mechanism that offers a 24*7*365 interbank electronic fund transfer service which can be accessed on multiple channels like Mobile, Internet, Bank Branches, ATMs…
Google Pay, also known as GPay, is a popular digital wallet and payment app developed by Google. It allows users to make secure and convenient digital payments, transfer money, split…
NEFT enables easy fund transfers between two parties, as long as both parties have a NEFT-enabled bank account.
An angel investor is an individual who invests money in an early age startup. The Indian startup space currently has over 2,000+ angel investors.
A current account is a must-have for businesses of all sizes and stages. A good current account will improve a business’s financial health, streamline processes and boost efficiency. If you’re…
GST has replaced most other indirect taxes has paved the way for a positive impact on small and medium enterprises. Read more to find out.
UPI Transaction Limit Per Day As per NPCI, the UPI transaction limit for normal UPI transactions is ₹1 lakh per day. Moreover, NCPI allows a maximum of 20 UPI transactions…
PhonePe Transaction Limit Per Day The daily transaction limit for UPI transactions on PhonePe for users in India is ₹1 Lakh. In 24 hours you can send money only a…
COD vs. Prepaid: We break down the pros & cons of each payment method to help you optimize your e-commerce checkout and boost conversions!
What is an Online Transaction? Online transactions are a payment method where money or funds are transferred electronically using options like RTGS, IMPS, NEFT, UPI, cards, and similar methods. It…
How to Calculate Payroll Calculating payroll accurately and on time is incredibly important for any business. Incorrect or delayed payroll may result in disgruntled employees, fines or even legal action.…
Split Payment means dividing the total cost of a purchase among multiple payment sources or methods. Understanding how split payments work simplifies financial transactions and promotes fairness. In traditional brick-and-mortar…
Stop payment is a banking feature that allows you to request the halting of a specific cheque or electronic payment. It is essential to understand how stop payment works to…
A job offer letter is a formal document sent to the candidate who successfully clears the selection process for a particular job position.
An experience letter is an official document issued by the employer to the employee as proof of employment with the organisation. Download free experience letter template in word or PDF format here.
Understanding the fundamentals of how transfer payments work is crucial. In this article, we will discuss what are transfer payments and provide examples to help you grasp the concept. We’ll explore…
Offline payments are asynchronous transactions that allow you to conduct digital payments even without Internet connectivity. Understanding how offline payment methods work is essential for businesses operating in areas with…
Wondering what a business account is, and how to pick the right one? Here’s a short guide to business accounts for the uninitiated.
On 1st June, the Union Cabinet headed by Prime Minister Narendra Modi revised the MSME definition by changing the investment and turnover figures. Read all about it here.
There are three types of GST returns, namely – GSTR-1, GSTR-2A, and GSTR-3B. Read more on what GST returns are and how you can file for one online.