Financial Savings

A practical guide to breaking the cycle of irregular savings and building a consistent, stress-free financial buffer

India has built digital rails for financial access, but EY says the next phase requires a wealth infrastructure that links identity, data, AI, advice and investor protection mechanisms

Leave a half-month's buffer in the salary account before switching on automated switches

Automation is the best strategy for saving money: If you have to make a conscious decision to save every month, you will fail

Sit down with your spreadsheets or finance apps and check your structural alignment

For savings, the risk of default or malfeasance is borne by the vulnerable customer and, therefore, the regulator is cautious in allowing any latitude in experiments with savings products

Couples must openly discuss money and work on savings and investments together

Setting money aside every month is a sign of disciplined financial planning, but the intent and outcome of saving money versus investing it are quite different.

An emergency fund is the money that one needs to keep aside to tackle an unexpected setback one might face.

The existence of an emergency fund matters most if you encounter a financial setback, such as a job loss, health emergency, home repair or some family responsibility

Net household financial savings increased to 7 per cent of GNDI in FY25 as a sharp decline in financial liabilities outweighed a moderation in gross financial savings

A study by IIM Udaipur finds households in Gujarat and Rajasthan save regularly but lag in investing and retirement planning, highlighting gaps in financial capability

Household financial liabilities have climbed to 6.2% of GDP, a decade high, driven by rapid growth in home loans, personal credit, and credit card spending.

The anti-proliferation restrictions need to be revisited to allow a wider range of well-labelled products

As life insurance loses share in households' financial savings, insurers are rushing to create new products, mostly in health insurance, to stay engaged with a younger demographic

Fashion entrepreneur Anam Mirza, sister of tennis star Sania Mirza, says deleting UPI apps like Google Pay helped her become more mindful of her spending

The following plans and premiums are for young male, non-smoker males living in a city

HDB's IPO, the largest by an NBFC and fifth-largest overall, receives Sebi approval and is set to meet RBI's listing deadline for upper-layer NBFCs

State Bank of India in its latest economic research report said that based on the current trends, net financial savings of the household sector may touch Rs 22 lakh crore, or 6.5 per cent of gross national disposable income (GNDI), in the financial year 2024-25. The net financial savings during 2023-24 stood at 5.1 per cent of GNDI, an increase from 4.9 per cent in the previous fiscal. The report said the growing capital pool is crucial for funding government and corporate deficits and supporting macroeconomic stability. Referring to the dynamics of RBI surplus, the report said that the central bank's efforts to contain the volatility of the rupee was a major factor in determining its quantum. During fiscal 2024-25, the balance sheet of RBI expanded by 8.19 per cent, which is less than the nominal GDP growth of 9.9 per cent. An amount of Rs 2.69 lakh crore surplus amount of RBI has been transferred to the government, which would enhance the fiscal space, the report said. Accordin

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