30+ financial terms explained in plain language. Search, browse by category, or explore A-Z.
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Download Richify — It's FreeSIP (Systematic Investment Plan) is the foundation of modern investing in India. Over 8 crore SIP accounts exist in India, with monthly contributions exceeding ₹20,000 crore. Understanding SIP and rupee cost averaging is essential for every Indian investor.
Section 80C instruments are critical: EPF (automatic for salaried), PPF (guaranteed returns), ELSS (highest growth), NPS (additional ₹50K benefit). Section 80D covers health insurance premiums. Together these can save ₹50,000-70,000 in taxes annually.
NRIs should understand NRE vs NRO accounts, DTAA (Double Tax Avoidance Agreement), FEMA rules for property and investments, and repatriation limits. These terms are essential for managing finances across India and your country of residence.