KYC for LXME app
Smart Money July 30, 2022

Process for KYC registration and Account Opening on the LXME App

Since the year 2004, KYC guidelines have been put in place by the Reserve Bank of India. The Prevention of Money Laundering Act requires banks, financial institutions, and intermediaries to ensure that they follow certain minimum standards of KYC to verify both the identity and address of all customers who are to carry out any […]

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credit cards, pay later, credit benefit
Smart Money July 21, 2020

Credit cards can be magic cards when used correctly!

Your credit card is like 15% off apparels and accessories. The first time when you meet it promises to be your friend. Until you look closely and realize it’s not. You have been ripped off. The unstoppable scoffing running into your mind “Should have read the fine prints. Should’ve known before getting into this”. The […]

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Budgeting and Investing
Smart Money July 8, 2020

Discipline of Saving: Making the most of it (read money)

Right at the onset, let me tell you a secret- For you to become financially free and achieve your financial goals, trying smart saving hacks that can increase your money quotient two times over a period of 20 years. These are not big pools of money that you need to save, but small drops that […]

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Spending money habits
Smart Money July 6, 2020

Mind your money: Spend wisely

In a world where there is temptation at every corner and add to that the ease of online shopping and credit cards, it is hard to be wise about spending. However, the truth is that we cannot begin the journey of saving enough and becoming rich until we tame this elephant! In this section, we […]

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stamp duty on mutual funds
Smart Money July 3, 2020

Will the 0.005% Stamp Duty affect YOUR MONEY in MUTUAL FUNDS?

Investor Alert: Beginning 1st July 2020, a stamp duty of 0.005% would be levied on all mutual fund purchase transaction, in accordance with the orders issued by the Government of India. Bottom line: If you invest in mutual funds for overnight or small durations such as few days to few weeks, then yes, you will […]

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union budget 2020
Smart Money February 6, 2020

Union Budget 2020 Highlights for individual tax payers

Finance Minister Nirmala Sitharaman presented the Union Budget 2020 on February 1, 2020.  This is the second budget of Narendra Modi led NDA government’s second term, after having stormed back in power with a full majority in May 2019 General Elections. With the economy witnessing a slowdown, there was a wider call to provide stimulus […]

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