Even after 60 years of independence, a large proportion of the population was underbanked. The central government took the initiative to spread financial inclusion through Pradhan Mantri Jan Dhan Yojana. With the help of this account, individuals can open basic savings account, a zero balance account, with minimal documentation. What is Pradhan Mantri Jan Dhan […]
Read on find out about the features and drawbacks of Ola Money Wallet. A digital wallet is a online transaction facilitator. This can range from settling dues to purchasing items just by using an online gateway or by a mobile banking app. An individual can also link ones bank account to a wallet to increase […]
Know everything about hashtag banking. If you are someone who spends most of your time on social media, you are definitely up to date with the using relevant hashtags for your social media posts. But what if hashtags could improve your banking experiences? What is Hashtag Banking? Aiming for utmost banking convenience, Hashtag Banking is […]
Geographical boundaries are no more a limitation to interbank transactions with Nostro, Vostro and Loro accounts. Banks have gone global today. Money is flowing seamlessly in this global village. All major banks facilitate payments and remittances in all major currencies for transactional purposes. This is the sole reason why banks open accounts with foreign banks […]
This article will show you why you need a term insurance and how you should go about it. Why do you need Insurance? The only things in life that are certain are death and taxes. And we’ve heard of people evading taxes, but no one has quite managed to avoid death yet. So, it is […]
Karan Johar’s movie is more than just drama and entertainment. Here are the financial tips that you can get from his movies. Raise your hands if you know Karan Johar. We thought so! Karan Johar often referred as KJO is an Indian film director, producer, screenwriter, costume designer, actor and television personality. Johar made his […]
Investing in ELSS through SIPs is easy on the pocket and gives you the benefit of the rupee cost averaging among others. Equity linked saving scheme (ELSS) is a popular tax saving option. You can get tax concessions if you invest up to Rs.1.5 lakh in a financial year. Besides tax benefits, ELSS also has […]
SIP is an easy way to invest in mutual funds. Systematic investment Plan or SIP is an easy way to invest in mutual funds. Through SIP, the investor can invest a regular sum of money at regular intervals. It is a disciplined method of investing which inculcates financial discipline among the investors. This discipline ensures […]
NCDs may give higher returns but it is also important to consider the other factors before you take the plunge. Non convertible debentures(NCDs) are back in season. With the fall in the interest rate of traditional deposits over the years, NCDS have become favourite investment options among investors. As a result, many companies have come […]
