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?”
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”
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”
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?”
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”
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”
Small business owners understand that success isn’t just about bringing new customers into the fold. It isn’t always about creating more customer transactions. Effectively managing money is also a crucial factor to the success of every business, small or large. Continue reading “Small Business Money Management Tips”
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?”
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”
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. Continue reading “The changing face of rural banking in India”
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”