Banks are financial institutions that have the authorization to receive deposits and grant credits. These play an important role in sustaining the economic status of a country. Due to the same reason, in India, these institutions are managed under strict regulation by the Reserve Bank of India (RBI). Banks provide essential financial services for both common citizens and businesses. These give you a safe place to store your hard-earned money through several account types and Savings accounts.
Whether you are a working professional or a young adult just stepping into the world of credit, you would have already considered applying for a credit card. Over the last few years, we have witnessed a widespread acceptance of cashless payments, and this has contributed to the surging popularity of these plastic cards. Financial institutions […]
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Opening a CFD (Contract for Difference) Account in Singapore is an attractive option for investors looking to access the global markets. With their low barriers to entry and high liquidity, CFDs allow you to speculate on the price movements of various underlying assets without purchasing them outright. However, there are some things that investors should […]
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When you are looking for a way to increase your wealth or save for the future, an Individual Savings Account (ISA) can be a great option. An ISA offers tax-free savings and investments with a wide range of options. With so many different accounts available, it is essential to research and select the perfect ISA […]
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Every economic entity is required to provide financial information to all of its stakeholders. The financial information provided must be accurate and present a true picture of the entity. It must account for all of its transactions for this presentation. Accounting must be consistent because economic entities are compared to understand their financial status. There […]
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Gold investments have been more than investments in India – it has been more like a tradition that has been followed for years and years. Even after all of these decades, investing in gold has not at all gotten old, and moreover, the value of gold is skyrocketing as always. Just how our investment pathways […]
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Ever since the Indian government announced demonetization on 8th November 2016, they put a lot of emphasis on digital transactions. The Modi government announced a lot of measures to promote cashless payments. One such initiative was paying through UPI. To boost the UPI payment, the BHIM app was launched on 30 December 2016. Initially, people […]
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Even in the era of high-tech and space tourism, our financial literacy often leaves a lot to be desired. In this article, we suggest checking to see if you’re losing money because of one of these common financial myths. Myth #1. If you often take small loans, your credit history will be ruined Some people […]
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Credit card statements are basically billing documents that have the details of every purchase, payment, debit and credit transaction of the credit card holder. The statements get issued to a user at proper intervals and contain all the necessary information in detail. As any credit card statement contains all the necessary details for a card […]
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Universal Account Number abbreviated as UAN is the account where every employee gets their Provident Fund deposits submitted. You might already know that EPF is provided to the salaried employees for the purpose of long-term savings and tax benefits. While a lot of people know that this amount is being deposited into their PF accounts, […]
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Have you ever gone through your salary slip and wondered how exactly your salary gets calculated. Turns out, in more or less all the organizations, the payscale provided by the competition is taken as a benchmark. And then, your salary figure depends on what the company can offer to attract and retain the employees. Other […]
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