Wrapping up Year 2016!!

Only by knowing and accepting the past, can one build a better future!

So, on the first day of the year 2017, let Fintuned take you through some interesting moments of 2016 in our own ‘un’conventional way. Wish you a very happy 2017.

Cheers !!

Say Hello to instant money transfers

India moves a step closer to becoming a cashless economy this month with the launch of unified payment interface (UPI), the brainchild of RBI governor Raghuram Rajan. 

“For a number of years, we have been saying we need a revolution in banking in India. I think we can confidently say the revolution is upon us. What we have in India is the most sophisticated public payments infrastructure in the world,” Rajan said at the launch of the UPI.

What exactly is UPI?

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It’s a secure and free way to transfer money instantly, any bank to any bank with contacts in your phone. It will allow users to pay for transactions as low as Rs 50 and go all the way up to Rs 1 lakh.

The UPI system will allow customers to send money and make payments almost as easily as sending a text message. Fund transfer will be possible 24*7, including sundays and public holidays.

It can be used in many day to day activities. To name a few:

  • Paying utility bills
  • Buying railway and movie tickets
  • Direct payment at online shopping websites and retail stores instead of using cash, or cards, or wallet
  • Transfer of money to friends and relatives

How does it affect me?

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Painful account numbers or IFSC codes are no longer required!

Further, no time will be wasted to add beneficiary as you just need one unique virtual payment address.

Rs. 0.50 per transaction will be charged. On your bank statement, it will appear as IMPS transaction.

 

What is this virtual address?

Think of it like a new & unique email ID for payments such as name@bankname.com or a mobile number@bankname.com

For example, if you want to receive or make payment through a particular bank account, you just have to give your virtual financial address (XYZ@sbi) to the other party.

Is it safe?

Absolutely!!! The new interface is built on the same infrastructure as the Immediate Payment Service (IMPS), which is currently used by banks for real-time transfer of cash. Similar to OTPs, UPI will have MPIN to authenticate the transactions, as mandated by RBI.

In case of a transaction failing, customers will be able to raise a complaint from within the app itself.

Final thoughts?

Some 21 banks have already enabled UPI on their own apps, some of which are already available on the Google Playstore; the iOS (Apple) version will come later. India being an Android country, UPI has rightly focused on getting the more important version first.

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All in all, a great move to make cashless payments faster, easier and smoother for millions of people in India.

Do not forget to share your thoughts on it.

Cheers!!

Announcing Interesting Tie-Ups This Holi

Before we even begin, here is wishing all our patrons a very very happy holi. This is not only a festival where we make the environment absolutely colorful (as in the pic below) but more than that, it imparts a much more significant message 

Holi celebrations

“Togetherness”

Staying true to the spirit of the amazing festival of Holi, Fintuned wishes to share something very special that it has achieved today. In our continuing efforts, we have tied up with some absolutely interesting ventures who you can reach out to for anything in their domain. How can you reach them? Its quite simple actually – 

About us –> Partnerships 

We are absolutely excited with this development and hope that you are too. Stay Fintuned!

Cheers

Driving Financial Content!

New Initiatives by Fintuned to promote high quality financial content on a consistent basis.

As you would have realized, we at Fintuned have consciously determined to become a leading domestic platform for aggregation and consumption of financial content. In keeping with that, we have embarked on two wonderful initiatives that will only help us drive quality content on a consistent basis. So, allow us a chance to take you through these initiatives quickly:

  1. Involving Guest Contributors and driving diverse financial content: In alignment with our vision to promote great financial content, we are on-boarding guest contributors who love writing and sharing their thoughts. Currently, all the good folks (read: family and friends) are doing this on a voluntary basis and for now, we are going to keep it that way. So, if you are interested in associating with us as well, just drop in a line.
  2. Submit your story: Stories are enriching, enchanting and take you through a tour where you discover a lot many things. Inspired by the incredible work done by our friends at TheBetterIndiawe wish to share positive financial stories from people across the country (keeping the confidentiality in our head) and make sure that the same reaches out to people in a better way. Have a great story to tell? Just drop in a line to fintuned.net@gmail.com

Let us know if you have any suggestions on these initiatives and we will be all ears! In the meanwhile, please show your support on our Facebook Page.

Cheers,

Mihir

We Are Back (Again)!

The last time around we took a break from continuing with interesting, interactive and informative content, it was a long one! And this time, we did the same thing. So, even if we might not be the trend-setters for now, we are definitely trend followers 😉

Jokes apart, it would be completely unfair on our part to not explain the re-occurrence of this prolonged break and before we announce the big comeback with all the pomp and show, let us briefly go over the rationale behind this intermittent presence.

You would appreciate the fact that this portal is run by people who work actively with some enterprise and owing to that, Fintuned often slips to number two (or even further down) on their priority list. This is coupled with the lack of bandwidth to achieve ambitious targets and together, both these reasons lead to greater inattention towards the portal. Well, we wouldn’t say that this problem has been solved completely. However, we have figured out the way we wish to run Fintuned and in a “sustainable way”.

So, what have we done? For starters, we are now just two members who will be focusing qualitatively on holistic maintenance of Fintuned. To be sure, it doesn’t definitely mean that we wish to just stick to two people who look after everything. Most certainly, we are hungry for participation and will strongly entertain people who would love to work with us in any way possible. 

*However, we would like to keep the nature of the association temporary so as not to build absolute dependency on our well-wisher till the time he/she is totally ready to join the bandwagon.

Taking it further, something else that we will practice from now on is to set achievable targets for Fintuned. Again, it certainly doesn’t imply that we will work with a survivor attitude. It just conveys the fact that we wish to lay a strong foundation and duly acknowledge the time and effort that shall be required.

From here on, everyone who has supported us in some way or the other will definitely see consistent hard work employed in building a genuine, interesting and an informative resource. On that note, we can surely shout out

“It’s good to be back”

Stay Tuned For More and Look Forward to a Great Year 🙂

A Step Forward

When we started Fintuned, our sole objective was to help people strengthen their money sense, which would eventually translate into best possible use of their hard-earned money. Now, if you are wondering that these sentences are used when an entity is eyeing a novel development with respect to its business objectives/functions etc., then you are absolutely RIGHT.

Before we shed any further light on this evolution, let us clearly point out that the primary objective that drives (and always will) this initiative is propagating valuable money knowledge via an active learning & doing portal. As a matter of fact, this new development is just an effort that gives more meaning to our vision and is hugely beneficial to our patrons.

So, coming straight to the idea that we are extremely excited about — it has been a reasonable amount of time that we have been in this space. During this time, we have realized (based on the feedback from our patrons and frequent meetings within the team) that a “Do-it-yourself” approach requires much more than just education. While there is no harm in preaching about the significance of robust money sense, it is also necessary to support the patron, throughout the execution process. If that is not done, the education loses its meaning and becomes a non-actionable piece of engaging literature.

By now, it must be clear to you that we do not want this to happen with Fintuned. Therefore, in order to assist our patrons in their journey, we have kick-started an initiative called “Partner Program”. Basically, the objective of this initiative is to bring various financial services entities under one umbrella so as to become a one-stop shop for commencement of any financial plan.

Now, let us address the burning question for you. It is completely okay for our patrons to ask us about the credibility of these partners. To be honest, we had contemplated this initiative around 6 weeks back and post that, we began searching for our first partner. After looking out for a while and talking to several people, researching on their background, understanding their availability, and addressing their limitations, it took us almost six weeks to zero in on our first partner. Starting May, you will see the details of our first partner under the “Partners” page and post that, you can leverage the services provided by that partner, with reference from Fintuned.

It is totally understandable if you are still not convinced about the credibility of our partners and the effort we put behind getting one. To be extremely fair, the conviction will only come when you use the services of our partners for achieving your financial objectives. Therefore, beginning May, we will unveil our partners in a gradual manner and will continue to forge new relationships, which will add immense value to our entire family.

Yes, we have probably written quite a lot. However, we are super confident that you will continue to support us the way you have because we promise that our satisfaction will stem only and only from your growth.

Thank you very much for all the support and conviction!

Cheers.

The Lilliput Budget is Here

To be honest, we haven’t drafted a mysterious, funny, and an entertaining build-up for this one. This is because, we want you to immediately view and gain valuable insights from our presentation on the Union Budget 2015.  As promised, it is short and simple!

If you like our work and want to help us do more of it, then please subscribe to this blog and follow us on Twitter.

For any feedback, please write to us on fintuned.net@gmail.com

P.S: Since it has been embedded with MS PowerPoint Online, the slides may take a bit longer to load. Please bear with it because we promise it will be worth it 🙂

Happy reading and cheers.

Lilliput Budget On Your Way.

Do you feel a bit intimated like those tiny citizens of Lilliput felt after encountering the gigantic Gulliver,

on hearing about the Budget!

If that is the case (even in the slightest) then please read on.

To be honest, the hype around the budget has led us to believe that it is a magnanimous and mysterious puzzle, which cannot be understood in full. In order dispel this myth,  WE HAVE designed a little SOMETHING FOR YOU.

On this Budget day, two pretty majestic things are going to happen. One of them obviously being the activity in the markets and the other — What we are going to tell you now”. (okay, too much for the Barney Stintson build-up)

So, coming straight to it, let us happily inform you that we have taken an initiative to frame a synopsis of the budget and deliver it straight to your inbox ( just subscribe to our blog, please) on Sunday i.e. one day after the budget. 

‎The purpose of this synopsis is to make you aware of one of the most significant fiscal ordeals in the year, albeit in an interesting way. This is to ensure that you don’t nap like Mr. RaGa while listening to the budget, or tolerate the tyranny of the lengthy newspaper articles.

For this budget, the only thing you will be required to do is to check your inbox the next day!

We have it covered! 

Cheers.