fininformatory

[fininformatory]

What’s the Real Value of Pi Coin After Its Open Mainnet Launch?

Pi Coin is a new cryptocurrency from the Pi Network. After the PI Network Coin Launch on 20th February 2025, the price of Pi Coin jumped over 100%, and it even touched $100 for a short time.

Right now, the 1 Pi Coin value is about ₹2,622 in India. People are excited and waiting for Pi Coin to be listed on big crypto exchanges like Binance and OKEx.

Many are now asking, how much is Pi Coin worth, and will the price go up in the future? As the Pi Network allows external transactions, experts believe the pi coin value could rise even more.

Keep watching for updates on pi coin price in India and whether it will be listed soon!

[fininformatory]

What Is a Capital Account?

A capital account is used in both business and economics, but its meaning changes depending on the context.

In Business Accounting:

The capital account shows how much money the owner has invested in the business. It also tracks the profits added and any money withdrawn by the owner.

For example, if you start a business with ₹1,00,000, earn ₹50,000 profit, and withdraw ₹10,000 for personal use, your closing capital will be ₹1,40,000.

Capital Account = Initial Investment + Profits - Withdrawals

This helps show the owner’s total share in the business.

In International Economics:

The capital account is part of a country’s balance of payments. It records money that comes in or goes out of the country through foreign investments, loans, or buying and selling of assets.

For instance, if a foreign company invests in India, it's recorded as inflow. If an Indian buys property abroad, it's an outflow.

In short:

In business, it shows the owner’s investment.

In economics, it shows foreign capital flow.

[fininformatory]

💰 Muthoot vs Manappuram Gold Loan: Interest Rates, Features & Which Is Better?

Looking for a quick loan without selling your gold? Two popular options in India are Muthoot Finance and Manappuram Finance. Both offer gold loans with easy processes, but which one should you choose?

✅ Muthoot Finance offers loans from ₹5,000 up to ₹5 crores. Interest rates start as low as 10.5% per annum. They also have multiple schemes and allow online application through their app.

✅ Manappuram Finance gives loans from ₹3,000 onwards with a flat interest rate of 21.20% p.a. You’ll need to visit a branch, and the loan is disbursed instantly after your gold is checked.

📌 Verdict: If you're looking for lower interest and online services, Muthoot is a better pick. But for fast, simple branch service, Manappuram also gets the job done.

[fininformatory]

What is the Startup India Seed Fund Scheme?

Starting a business is tough, especially when funds are limited. That’s where the Startup India Seed Fund Scheme (SISFS) comes in. Launched by the Government of India, this scheme provides financial assistance to early-stage startups, helping them turn ideas into reality.

Under this scheme, startups can receive up to ₹20 lakh for prototype development and up to ₹50 lakh for market entry and scaling. The aim is to support businesses that are innovative and technology-driven. However, only DPIIT-recognized startups registered within the last two years can apply.

The application process is simple. Entrepreneurs need to apply online through the official Startup India portal, provide the required documents, and wait for approval from an incubator. The selection process is competitive, and only promising startups receive funding.

While the scheme is a great initiative, some founders have reported challenges, such as delays in approval and political influence in fund allocation. However, for those who successfully secure funding, it can be a game-changer, providing the necessary push to launch and grow their business.

If you’re an entrepreneur with a solid idea, this scheme might be the boost you need. Check out more details at https://seedfund.startupindia.gov.in/ and apply today!

[fininformatory]

How to Update Name in Your EPFO Profile?

If there’s a mistake in your name on your EPFO profile, don’t worry. As of March 2025, EPFO has made it easier to update such details. You have two options to correct it — Online and Offline using a Joint Declaration Form.

Option 1: Update Online (If UAN is Linked to Aadhaar)

Log in to the EPFO Member Portal using your UAN and password.

Go to ‘Manage’ → ‘Modify Basic Details’ and enter the correct name.

If your UAN is linked to Aadhaar and details match, it may get approved without needing further documents.

Option 2: Using Joint Declaration Form

Download the Joint Declaration Form from the portal or get it from your employer.

Fill in the correct name, sign it, and attach valid ID proof (like Aadhaar, PAN, or Passport).

Submit it to your employer, who will forward it to the EPFO office.

This process usually takes 15-30 days. If your previous PF balance is stuck due to incorrect details, correcting your profile will resolve the issue.

Try the online method first for a quicker solution, and if that doesn’t work, the Joint Declaration Form is your backup.

EPFO profile update new Process

[fininformatory]

Secure Your Future with ICICI Pru GIFT Select

Looking for a reliable way to secure your financial future? ICICI Pru Guaranteed Income For Tomorrow (GIFT) Select might just be what you need! It’s a simple, hassle-free plan designed for those who want guaranteed income without worrying about market ups and downs.

With ICICI Pru GIFT Select, you pay premiums for a set period, and once that’s done, you’ll receive a steady income for a chosen number of years. It’s perfect for goals like your child’s education, retirement, or even just having a little extra financial cushion.

Why consider it?

Guaranteed Income: No surprises, just predictable money in your account.

Life Cover: Your family is financially protected.

Tax Benefits: Save on taxes with deductions under Section 80C and tax-free payouts under Section 10(10D).

Flexible Options: Choose how long you want to receive your guaranteed income.

If you prefer stability and want to plan ahead without market risks, ICICI Pru GIFT Select is worth checking out. It’s all about ensuring peace of mind while securing your future.

Thinking about it? Dive into the details and see how it fits your financial goals! 😊

[fininformatory]

Smart Strategies to Raise Your Credit Score Using Credit Cards

Improving your credit score with credit cards is easier than you think. First, always pay your bills on time. Even one missed payment can hurt your score, so consider setting up automatic payments or reminders. Keep your credit utilization low by using less than 30% of your credit limit. If possible, pay off your balance in full every month.

Another tip is to maintain your old accounts. A long credit history can strengthen your score, so think twice before closing that old card. Also, avoid applying for multiple credit cards in a short period. Every application results in a hard inquiry, which can lower your score.

Finally, check your credit report regularly to spot any errors. Dispute inaccuracies immediately to prevent any negative impact. Responsible credit card use can lead to a better credit score, unlocking better financial opportunities like low-interest loans and premium cards. Stay consistent, be mindful of your spending, and watch your credit score rise! 💳

[fininformatory]

Professional Tax Calculator

If you earn a salary or run a business in India, you may have to pay Professional Tax. It’s a small tax collected by state governments, and the amount depends on how much you earn. But figuring out how much you need to pay can be confusing. That’s where a Professional Tax Calculator makes things easy.

What is Professional Tax?

Professional Tax is a state tax that applies to salaried employees, freelancers, and business owners. It’s not the same everywhere—each state has its own rules. The highest amount you can be charged in a year is ₹2,500. If you work for a company, your employer deducts it from your salary. If you’re self-employed, you need to pay it yourself.

How is Professional Tax Calculated?

The tax amount is based on your monthly income and the state you work in. Some states charge a fixed amount every month, while others take a lump sum in March. The higher your income, the more tax you pay—up to a limit.

Why Use a Professional Tax Calculator?

Instead of checking state rules one by one, you can use a Professional Tax Calculator to find out your exact tax amount. Just enter: ✔️ Your monthly income ✔️ Your state ✔️ Whether you’re salaried or self-employed

In seconds, you’ll know how much you need to pay.

Why is Professional Tax Important?

It’s compulsory—if you don’t pay, you may get fined.

If you’re an employer, you must deduct and deposit it on time.

You can claim it as a deduction when filing your income tax return.

Final Thoughts

Professional Tax isn’t a big amount, but it’s important to pay it on time. If you’re not sure how much you owe, a Professional Tax Calculator can save you time and effort.

[fininformatory]

What is Cash Flow and Fund Flow?

Many people get confused between cash flow and fund flow, but they are actually different! Let me explain in a simple way:

What is Cash Flow?

Cash flow refers to the actual movement of cash in and out of a business during a specific period (daily, monthly, yearly, etc.). It tracks only cash-related transactions and helps in understanding how much money is available at any given time.

Cash Inflow (Money Coming In):

Sales revenue (cash received from customers)

Loans taken from banks

Investments received

Interest or dividends earned

Cash Outflow (Money Going Out):

Paying salaries, rent, and bills

Purchasing raw materials or stock

Loan repayments

Taxes paid

Why is Cash Flow Important?

Helps in tracking liquidity (how much cash is available).

Ensures a company has enough cash to pay bills, salaries, and expenses.

Helps in planning short-term financial decisions (like when to make payments).

Types of Cash Flow:

Operating Cash Flow – Cash from day-to-day business activities.

Investing Cash Flow – Cash used in buying/selling assets or investments.

Financing Cash Flow – Cash from borrowing loans or repaying debts.

What is Fund Flow?

Fund flow focuses on the overall financial movement within a company, including both cash and non-cash transactions. It shows how funds are generated and used over a period, explaining changes in financial position.

Sources of Funds (Where Money Comes From):

Issuing shares or bonds

Selling fixed assets (like land, buildings)

Taking long-term loans

Profits retained in the business

Uses of Funds (Where Money Goes):

Buying fixed assets (machinery, land, etc.)

Repaying loans

Paying dividends to shareholders

Increase in working capital (current assets minus current liabilities)

Why is Fund Flow Important?

Helps in understanding long-term financial health.

Explains where funds are coming from and how they are being used.

Useful for investors and management to analyze a company’s financial strength.

Final Thoughts

Cash flow tells you how much money you have at the moment.

Fund flow tells you how your overall financial position is changing.

If you just want to know whether you have enough cash to pay your bills, check the cash flow statement. If you want to see how your business is managing its overall funds, check the fund flow statement.

[fininformatory]

What is Trial Balance? (With Simple Explanation and Examples)

Introduction: Trial Balance is an essential accounting tool that checks the accuracy of financial records. It lists all ledger accounts with their debit and credit balances at a specific date.

Why is Trial Balance Important? Trial Balance helps ensure that total debits equal total credits, confirming the mathematical accuracy of transactions. It also helps detect errors before preparing financial statements.

Example of Trial Balance:Account NameDebit BalanceCredit BalanceCash Account₹50,000-Sales-₹1,50,000Rent Expense₹10,000-Accounts Payable-₹50,000Total₹60,000₹2,00,000

Common Questions:

What happens if the trial balance doesn’t balance? It indicates an error in accounting records, which must be corrected before preparing financial statements.

Can a trial balance detect all errors? No, it can’t detect errors like omitted transactions or wrong account classification.

A trial balance is a vital step in the accounting cycle that ensures financial accuracy. It simplifies the preparation of financial statements and helps maintain transparent financial records.

Feel free to adjust the content or add more details according to your audience's needs. If you need any modifications or additional sections, let me know!

[fininformatory]

State-wise GST collections in January 2025 showed positive growth

In January 2025, several GST updates were introduced in India:

Different tax rates for popcorn: 5% for non-branded salted popcorn, 12% for pre-packaged branded popcorn, and 18% for caramel popcorn.

The government rejected including aviation fuel under GST, so states will keep taxing it.

An Invoice Management System was launched to help with Input Tax Credit claims.

Multi-Factor Authentication (MFA) is mandatory on the GST portal in phases, starting with large businesses.

E-Way Bills must be generated within 180 days of the base document, and e-invoices need to be reported within 30 days.

Biometric Aadhaar authentication is now required for GST registration in some states.

State-wise GST collections in January 2025 showed positive growth:

Maharashtra: ₹32,335 crore (14% increase from January 2024).

Gujarat: ₹12,135 crore (11% growth).

Tamil Nadu: ₹11,496 crore (20% increase).

Uttar Pradesh: ₹9,516 crore (11% growth).

Haryana: ₹10,284 crore (7% rise).

Karnataka: ₹14,353 crore (8% increase).

Delhi: ₹6,216 crore (8% growth).

West Bengal, Odisha, Jharkhand, Rajasthan, Kerala, and Bihar also showed steady growth, reflecting improved economic activity and compliance.

[fininformatory]

How to write Startup Funding Proposal

Writing a great funding proposal is all about clarity, persuasion, and demonstrating value. Here’s how you can structure it to increase your chances of getting funded:

1. Start with a Strong Executive Summary

This is the first thing investors or funders will read, so make it impactful. Summarize:

Your project or business idea

The problem it solves

The amount of funding you need

What the funding will be used for

2. Clearly Define the Problem

Explain the gap in the market or the specific issue your project addresses. Use real-world data or case studies to strengthen your point.

3. Present Your Solution (Your Business Idea or Project)

Describe how your idea solves the problem in a unique or efficient way. Be specific about your product/service, how it works, and why it’s better than alternatives.

4. Market Analysis & Opportunity

Investors want to know if there’s a real demand. Show:

Who your target audience is

Market size and potential growth

Competitor analysis (how you're different from existing solutions)

5. Business Model & Revenue Plan

Explain how you will make money and sustain the business. If you have revenue projections, include them with realistic numbers.

6. Explain How You Will Use the Funds

Break down how the requested funding will be allocated. Investors don’t just want to know how much you need but also how you will spend it effectively.

7. Provide a Clear Roadmap & Timeline

Lay out your milestones and goals. If applicable, show a timeline of product development, market launch, and revenue targets.

8. Show the Team Behind the Project

Highlight the expertise and experience of key team members. Investors trust strong, capable teams.

9. Include a Persuasive Call-to-Action

End with a compelling closing statement that reinforces why your idea is worth funding and what the next steps are for the investor.

10. Keep It Professional & Concise

Use simple language, avoid jargon, and make it visually appealing with charts and graphs where needed.

[fininformatory]

Yoour Credit Card Is Closed?, But It Still Shows Active in CIBIL – What Should you Do?

It can be frustrating when you close a credit card, but it still shows as active on your CIBIL report. Don’t worry! Here’s what you can do to fix it.

1. Check Your CIBIL Report

Start by downloading your CIBIL report from the official website (www.cibil.com). Look for the credit card entry and see if it still shows as active.

2. Make Sure the Card Was Closed Properly

Banks usually send a letter or email when your credit card is closed. If you didn’t get one, contact your bank to ask for a closure confirmation.

3. Dispute It on CIBIL

If your card is still listed as active, you can raise a dispute with CIBIL. Here’s how:

Log in to your CIBIL account.

Go to the "Dispute Resolution" section.

Choose the credit card that is showing as active and file a request to update it.

4. Contact Your Bank

Sometimes, the bank may not have updated your closure with CIBIL. Call the bank’s customer care or visit a branch and ask them to fix it.

5. Keep Checking

It may take up to 30 days for the bank to update the information with CIBIL. Make sure to check your report again after a while to see if the status has changed.

Final Thoughts

Having a closed credit card still show as active can affect your credit score, so it’s important to sort it out quickly. If you’re still facing problems, you can escalate the issue to the banking ombudsman.

[fininformatory]

How to Use the Budget Planner and How It Can Help You Manage Your Money Better

Managing money can seem tough, but with the right tool, it doesn’t have to be. Our new Budget Planner is designed to help you keep track of your income, spending, and savings easily. Let’s look at how to use it and how it can help you make better choices with your money.

When you first open the Budget Planner, the first thing you need to do is select the currency you prefer. You can choose from options like USD, EURO, INR, GBP, CAD, AUD, or JPY, depending on what works best for you.

One helpful feature of the Budget Planner is the autosave. It automatically saves everything, so you don’t need to worry about losing your information. However, if you switch devices or clear your browser history, your data may be lost unless you turn off the autosave feature.

The Budget Planner is flexible. You can choose to see your budget on a weekly, monthly, quarterly, or annual basis. This gives you the freedom to look at your finances in whatever way makes the most sense for you.

Now let’s talk about the different sections of the Budget Planner. You’ll need to enter your income and spending in categories like:

Income: This is where you add all the money you receive, like your salary, bonuses, side business earnings, or any government benefits.

Home & Utilities: This includes things like your rent or mortgage, electricity, water bills, and other household expenses.

Insurance & Financial: Here, you can track payments for things like car, health, or life insurance, as well as any loans or savings.

Groceries: This category helps you track all your food expenses, from supermarkets to local shops.

Personal & Medical: This includes things like toiletries, cosmetics, medicine, and doctor visits.

Entertainment & Eating Out: Here, you can track your spending on things like restaurants, coffee, movies, or vacations.

Transport & Auto: This includes money spent on public transport, petrol, car repairs, or flights.

Children: If you have kids, you can add expenses like school fees, childcare, and extracurricular activities.

If you’re spending more than you’re earning, you’ll know it’s time to adjust your budget. If you have extra money left over, it might be a good time to save or treat yourself.

There are many reasons to use the Budget Planner. It helps you stay in control of your finances by showing you exactly where your money is going. It also helps you make smarter choices with your money by pointing out where you might be overspending. Plus, it gives you a clearer view of how much you’re saving.

Another useful feature is that you can download your budget as a CSV file. This allows you to keep track of things offline or share your budget with someone like a financial advisor or family member.

In short, managing your money doesn’t need to be complicated. With the Budget Planner, you can easily track your income and expenses in one place. Whether you’re saving for something special or just trying to keep your finances in check, this tool helps you stay organized and on top of things.

[fininformatory]

SEBI Cracks Down on Finfluencers: No Real-Time Stock Advice Allowed

This move by SEBI is meant to stop unregistered "finfluencers" from misleading everyday investors with advice that may not be backed by research or proper regulations. Many people on social media claim to teach about the stock market, but often they suggest when to buy or sell stocks without being accountable for the results. This can be risky for investors who follow their tips without knowing the possible consequences.

Why SEBI Took This Action

Over the last few years, many finfluencers have popped up on social media platforms like YouTube, Instagram, and Twitter. While some of them offer useful tips, many of them aren’t regulated, and their advice can be misleading. These influencers often promise high returns or recommend specific stocks to buy, sometimes earning commissions from brokers in exchange.

SEBI is worried that these unregulated influencers are giving bad advice that could lead to losses for regular investors. By limiting what finfluencers can say, SEBI is ensuring that only registered professionals can provide proper financial advice.

How This Affects Finfluencers

With these new guidelines, finfluencers can no longer share real-time stock tips, which might cause many followers to lose interest. This could also reduce the number of partnerships finfluencers have with brokers, since they can’t promote stocks or earn commissions anymore. Instead, investors will now need to turn to registered advisors who are approved by SEBI, which could boost the credibility of qualified professionals.

SEBI’s Guidelines for Finfluencers

Here’s a quick look at what finfluencers can and can’t do according to SEBI:

They can’t talk about real-time stock prices or recommend buying or selling stocks.

Any market discussions must be based on stock prices that are at least three months old.

They’re not allowed to use code words or phrases for specific stocks.

They can’t make false claims about returns.

What Does This Mean for Investors?

For retail investors, this is a good move by SEBI. It makes the stock market safer by making sure people who give advice are properly regulated. This reduces the risk of investors following bad advice from unregistered influencers. Investors should now focus on getting advice from SEBI-registered professionals and rely on trustworthy, official sources like market reports and licensed financial advisors.

SEBI’s Stand on Investor Education

SEBI has made it clear that it’s not against educating investors. What they want is for education to come from professionals who are properly registered and regulated. True financial education focuses on long-term strategies and managing risks, not just giving stock tips.

SEBI’s latest circular is a big step in protecting everyday investors from bad advice online. While they still encourage learning about the stock market, they want it to come from qualified and registered advisors. If you're looking for investment advice, make sure you verify who you're listening to and stick with trusted sources to make better, safer financial decisions.

[fininformatory]

Is Jio Coin the Next Big Thing in Cryptocurrency?

Right now, you can only earn Jio Coin through the Jiosphere app, but many people are wondering—will it enter the larger cryptocurrency market soon? Let’s explore.

What Is Jio Coin?

Jio Coin is a digital token created by Reliance Jio. For now, it’s part of the Jiosphere app, where users can earn it. But people are curious if it will grow beyond the app and become a cryptocurrency like Bitcoin or Ethereum.

What Could Happen Next?

If Jio Coin becomes available in the open cryptocurrency market, it could make a big impact, especially in India. Jio already has millions of users, so Jio Coin could quickly gain attention. Plus, Reliance Jio is a trusted name, which might encourage more people to try crypto.

However, there are challenges. India’s rules for cryptocurrencies are still developing, and entering a market with big players like Bitcoin and Ethereum won’t be easy. Jio will also need strong technology to make Jio Coin secure and reliable.

What’s the Future?

Whether Jio Coin stays within the Jiosphere app or becomes part of the global crypto market, it’s already starting discussions about the future of digital money in India.

Do you think Jio Coin can compete with Bitcoin? Share your thoughts!

[fininformatory]

Life insurance policies and the risks they cover explained simply!

Life insurance is like a financial safety net for your family. If something unexpected happens to you, the insurance company pays your loved ones a certain amount of money, called the sum assured. There are different types of life insurance, and each one is designed for specific situations. Let me explain them in simple terms.

The first type is term insurance. This is the simplest and cheapest option. It covers you for a specific period, like 10, 20, or 30 years. If something happens to you during this time, your family gets the money. If you live through the term, there’s no payout. It’s great if you want high coverage without spending too much.

2. Another type is whole life insurance. This covers you for your entire life. Your family gets the money no matter when you pass away, as long as you keep paying the premiums. It’s perfect if you want lifelong security for your loved ones.

3. Then there are endowment plans. These are like a mix of life insurance and savings. If you pass away during the policy term, your family gets the sum assured. If you survive, you get the money yourself. It’s a good choice if you want to save for future goals like your child’s education or a big purchase.

4. Unit-linked insurance plans, or ULIPs, combine insurance with investment. Part of your premium is invested in the market, and the rest goes towards life cover. If you’re interested in growing your money while staying insured, this might be for you.

5. Money-back policies are another option. They give you small payouts at regular intervals during the policy term. If you pass away, your family gets the full sum assured. These policies are useful if you need money at different stages of life, like for your child’s education or a wedding.

6. There are also child insurance plans, which help secure your child’s future. These policies ensure your child gets financial support for their education or other needs if you’re not around.

7. Finally, pension or retirement plans help you save for your golden years. They provide a steady income after you retire and also give financial support to your family if something happens to you.

Life insurance is important because it protects your family financially when you’re not there. Choosing the right policy depends on your needs, your family’s future plans, and your budget. If you’re unsure which one is best for you, a financial advisor can help you decide.