Tag Archives: Banking and Finance

Know more on Fixed Deposits – The Simplest of all Investments in a Bank

Financial planning is of utmost importance today and all individuals need to invest their savings to address emergencies and also ensure comfortable future living. To support the same, banking sectors were introduced in the Indian scenario in early 1800s which were targeted towards the welfare of commoners.

Continue reading Know more on Fixed Deposits – The Simplest of all Investments in a Bank

Intraday Trading made simpler – Use FIT from Kotak Securities

Simplifying the art of generating returns from investments in equity market interests a significant section of our society. These investors try to protect their money from erosion resulting through high inflation and low returns and try to get higher RoI from investments in equity. Apart from a full-time job, thus investments in stock markets mark a major source of additional income for many.

Continue reading Intraday Trading made simpler – Use FIT from Kotak Securities

7 Reasons Why Your Personal Loan Application May Get Rejected in India

If you are facing a cash crunch or need money urgently, personal loans can help. However, this can be a long and tedious process and there is a risk that your application gets rejected if you’re not on you’re A-game when applying. Continue reading 7 Reasons Why Your Personal Loan Application May Get Rejected in India

Invest in Term Insurance – A Saviour for Tomorrow

Financial stability is the most desirable of all needs for individuals. All individuals are in need of financial stability irrespective of their age and stages in career. During school days, children receive pocket money which they spend to satisfy their little wishes. With growing age, monetary requirements are sorted out by our parents.

Continue reading Invest in Term Insurance – A Saviour for Tomorrow

Confused about Earning Wealth? Here’s What You Can Do

Money creates money— this is what people usually believed. It means, the more money you have, the more wealth you will be able to generate. However, it is not entirely true. It is not only the amount that you have saved or invested, but also the wisdom to save or invest that can make all the difference. Continue reading Confused about Earning Wealth? Here’s What You Can Do

A Nest Made Affordable – Home Loans for One and All

Since time immemorial, the fundamental requirements of humankind are determined; food, shelter and clothing. Over the years, these necessities have evolved, progressed and witnessed path-breaking changes. Considering ‘shelter’ for the time being, beginning from stony caves (for primitive man) to thatched hut to mud houses and finally to the age of bricks and concrete, the journey has been immensely progressive.

Continue reading A Nest Made Affordable – Home Loans for One and All

What makes liquid funds better than savings account?

Every parent teaches their child the importance of saving money. The moment you get a job, everyone from your aunts and uncles to your neighbour advises you to spend less and save more. And it is true. Saving is important. There is a sense of satisfaction when you see your savings account grow month after month. Continue reading What makes liquid funds better than savings account?

How Accountants Can Improve Your Business Performance

At the early stages of your business, you will find that your company requires you to wear many hats:

The manager; The marketer; The IT specialist; The accountant.

Deals need to be sealed, emails need to be answered and employees need to be paid. With all the vital aspects of your business resting on your single set of shoulders, chances are important things will start slipping through the cracks. Continue reading How Accountants Can Improve Your Business Performance

How to Assess Among the Different Options for Loans – Metrics and Methods

Most lenders have understood the wide variety of reasons why individuals and businesses take a loan. Today, loan products are so versatile that they cover almost every sphere of life and every need that can be fulfilled. A loan can be availed for an education, home, an automobile, to travel, pay for a wedding or to enhance your business prospects. Continue reading How to Assess Among the Different Options for Loans – Metrics and Methods

How Can Financial Institutions Prevent Money Laundering?

With thousands of global transactions occurring on any single day, it can be overwhelming for banks to trace the origins of laundered money. This is an especially serious issue in the U.S., where billions of dollars are smuggled into the country per year. Though there is an anti-money laundering (AML) legislation in place to combat this illegal practice, there is still much that financial institutions can do to fight against the problem. Here are some of the many ways in which banks and other financial institutions can work in order to prevent money laundering activities. Continue reading How Can Financial Institutions Prevent Money Laundering?

How Online Banking Services have made our Lives Easy

Gone are the days when you had to make numerous trips to a brick and mortar bank branch even for withdrawing a small amount or transferring money from your account. The new age savings bank account provides you online banking services which is the most convenient way of carrying out your banking needs without visiting the bank branch. Online banking services not only saves time and money it provides immense ease in managing your money. Continue reading How Online Banking Services have made our Lives Easy

Crux of Arbitrage Funds

Earning a good lot of money in your life is not all that you should aim at. Your aim should be always to save a considerable amount as well for an emergency period or such situation when you would no more be able to earn for you and your family. Keeping this investor psyche in mind most of the investment products are being designed today. One of the important pockets for investing your money in the mutual fund business is the Arbitrage Fund. Continue reading Crux of Arbitrage Funds

Banks Vs NBFCs: From Where to Get a Small Business Loan?

A common dilemma faced by potential borrowers seeking a small business loan is—Where to shop for loans? Should they approach a bank or go with a non-banking financial company (NBFC)? Both are the financial entities which are offering excellent deals to customers with varied borrowing needs. Continue reading Banks Vs NBFCs: From Where to Get a Small Business Loan?

Now You Can Easily Open a Savings Account Online

You can now easily open a savings account online from the comforts of your home if you have a 12 digit Aadhar Number and a smart phone. Yes, the mobile banking in India has made this possible.

But, before we discuss how you can open a savings account online in India, let us know what a savings bank account is and how it works? Continue reading Now You Can Easily Open a Savings Account Online

The changing face of rural banking in India

From being completely out of the ambit of mainstream banking, the country’s rural areas now have a shot at personal and commercial banking, thus improving their economic status to a large extent.

Mahatma Gandhi was right when he said that India’s riches were concentrated in its villages. He was not referring to the mineral resources or lush natural beauty of the villages – he was referring to the dense concentration of most the country’s population in these areas. He wished for villages to be developed enough to become self-reliant centres of education, employment and societal development. If the villages did not develop, he believed, India would lose its essence to the forces of industrialisation and urbanisation.[1] Continue reading The changing face of rural banking in India

The Effects of Brexit may be Ominous but Don’t let it Stop You from starting your own business

The demands being made by the EU on the amount of money that UK has to pay on departure is the least of the woe story stemming from the initiation of Brexit.  Economists have been divided as to the impact but the decline in the value of the pound sterling in the wake of the event is evident. Continue reading The Effects of Brexit may be Ominous but Don’t let it Stop You from starting your own business

How Credit Card Companies Thrive on People not Redeeming their Rewards

For those who do not understand the basics of how a credit card works, it’s simple – imagine the next time you are out making a purchase at a grocery store or out shopping for new clothes, and you can pay the bill without having to pay using cash or your savings! Sounds like a compelling proposition, right? Continue reading How Credit Card Companies Thrive on People not Redeeming their Rewards