Operational since 1994, IndusInd Bank has emerged as one of the leading private sector banks in India. It is serving 37 million plus customers with more than 2,631 branches and 2,903 ATMs established across the country. It also has several representative offices in the United Kingdom and UAE. IndusInd Bank offers different types of FD …
Yes Bank Limited is one of the leading private-sector banks in India. It offers a wide range of banking solutions catering to MSME, retail and corporates. Moreover, the bank operates in multiple financial service segments such as brokerage business and investment banking through its subsidiary “Yes Securities”. The bank has a total deposit of ₹2,19,369 …
Investing in India has become popular as it helps individuals combat inflation, achieve their financial objectives, and secure their future. In today’s financial landscape, investors can channel their money into various investment options such as stocks, equities, mutual funds, and fixed deposits rather than keeping their money idle in the bank account. In this comprehensive …
Best Investment Options in India – Types of Investments in 2024 Read More »
It’s easy to update your Bank of India registered cellphone number online, saving you from visiting a branch. You can also contact the Bank of India to change mobile number online, as it is a quick and safe manner to update your contact information. You may quickly enter the new number and submit the required …
Steps to Change Bank of India Mobile Number & Fill Form 2024 Read More »
Kotak Mahindra Bank is a renowned Indian bank that provides various financial services like savings accounts, current accounts, fixed deposits, internet banking facilities, and more for both individuals and businesses. However, if you are not satisfied with their services due to certain reasons, you can close the account opened with this bank. In this guide, …
How to Close Kotak Mahindra Bank Account Online in 5 Minutes – 2024 Read More »
Founded in 2015, IDFC First Bank is one of the prominent private-sector banks, headquartered in Mumbai. While renowned for its diverse range of banking services and products, there are instances where account holders opt for account closure. Besides providing convenient account opening facilities, IDFC Bank also ensures a streamlined process for account closure. In this …
How to Close IDFC First Bank Account Online in 5 Minutes – 2024 Read More »
Bank of Baroda, an Indian state-owned multinational banking company, is the second largest public sector bank in the country. It caters to a variety of financial needs of 153 million account holders across the globe. Some of the customers among them, despite its popularity, have to close their accounts due to various reasons including a …
How to Close Bank of Baroda Account Online in Just 5 Minutes Read More »
For investors looking for steady, low-risk returns, fixed deposits have traditionally been the preferred option. Because of the Post Office’s dependability, attractive interest rates on Fixed Deposits, and sovereign guarantees from the Indian government, many consumers select it. As of right now, the post office FD interest rate for five years is 7.50% per year, …
Post Office FD Interest Rate for Five Years in 2024 Read More »
Secure financial assets like Fixed Deposits (FDs) help people increase their money. Investment alternatives abound, but a 1 lakh FD for 1 year is incredibly beneficial. This blog explains the basics of an FD and its potential for financial stability. Then, the interest earned over a year is examined to clarify the financial advantages and …
What is 1 lakh FD Interest for 1 Year – Book 1 lakh FD Online Read More »
Credit cards are magical rectangles that are designed to make your wallet light, letting you go cashless and still spend without giving a second thought. Want to know what a credit card? Here in this guide, we will help you traverse through the basics of credit cards, its uses, advantages and a lot more. Read …
What is Credit Card & How to Apply it Online – 2024 Read More »
The primary consideration when evaluating the well-being of a specific company is its financial stature. Want to know how one can gauge it? It is the help of the debt to equity ratio that reveals whether a business is funding operations through debt or internal resources. Read on to find out more about this gauging …
What is Debt to Equity Ratio & How to Calculate it Online 2024 Read More »
A series of numbers assigned to every bank customer, the CIF number is a unique identifier crucial to the banking sector. This Customer Information File plays a vital role in managing information for the ease of banking operations and the customers. What is the Meaning of CIF Code CIF number means Customer Identification File. It …
What is CIF Code & How to Know Your CIF Code – 2024 Read More »
The Automated Clearing House, or ACH, is a nationwide batch-oriented electronic funds transfer system used in the United States. It processes large volumes of credit and debit transactions in batches each day. What is The Meaning of Automated Clearing House Automated Clearing House, or ACH, is a nationwide electronic funds transfer network. It processes large …
What is Automated Clearing House & Working of ACH 2024 Read More »
A trial balance is a crucial accounting worksheet prepared by bookkeepers at the end of an accounting period. It helps to check that debit and credit balances are equal, ensuring accurate recording of financial transactions. This blog discusses a trial balance, how it works, its different types, and its importance for businesses. What is Trial …
Promissory notes are simple contracts to lend or borrow money between parties. This blog explains critical aspects of promissory notes like purpose, features and importance in everyday financial transactions. What Are Promissory Notes A promissory note is a financial instrument one party uses to borrow money from another. It contains the basic terms of the …
Kisan Credit Card is a valuable scheme for farmers. It gives loans for farming needs at a low cost. This blog talks about the benefits of the Kisan Credit Card, how it supports farmers, and works. It also provides details on limits, charges, and the application process. What is a Kisan Credit Card ? Kisan …
What is Kisan Credit Card & How to Apply it Online – 2024 Read More »
Bank reconciliation is a crucial accounting process for businesses. It ensures cash records match bank balances. Timely reconciliation helps keep finances transparent and prevents issues. What is a Bank Reconciliation Statement? A bank reconciliation statement is prepared to reconcile the balances as per the bank with the balances as per the books of a business. …
Bank Reconciliation Statement – Explained BRS with Meaning & Definition Read More »
The annual percentage rate, or APR, is an important concept for anyone using loans and credit. This blog explains what the APR is, how it is calculated, the difference between interest rates and why knowing the APR helps compare financial product costs effectively. What is Annual Percentage Rate? Annual percentage rate or APR is the …
What is Annual Percentage Rate – Meaning & Formula of APR Rate Read More »
In the world of finance, Fixed Deposit Receipts (FDRs) are the most reliable financial documents issued as proof to FD investors. Offered by financial institutions and banks, it specifies the fund deposited in a fixed deposit scheme for a specific period at a predetermined interest rate. Let’s comprehensively discuss the concept of Fixed Deposit Receipts, …
Fixed Deposit Receipt – FD Receipt Form Fill Online 2024 Read More »
Saving taxes is a crucial aspect of financial planning, and a Fixed Deposit (FD) is a popular investment option for many individuals. FDs offer a safe and secure way to grow your money with a fixed interest rate over a predetermined period. However, the interest earned on FDs is taxable, which can impact the overall …
What is Tax Saving FD & 6 Incredible Ways of Doing it in 2024 Read More »
Fixed Deposits (FDs) have long been a favoured investment option for individuals looking to secure their savings while earning attractive interest rates. However, once the maturity period of an FD is reached, investors face a crucial decision – whether to renew their FD or withdraw the funds. In this blog, we will delve into the …
What is Fixed Deposit Renewal & How to Do It 2024 Read More »
When it comes to saving and investing money, various options are available in the market. Two popular investment avenues are Recurring Deposits (RD) and Systematic Investment Plans (SIP). Both offer individuals the opportunity to grow their wealth over an extended period of time. Let’s delve into the details of RD and SIP, understand the differences between …
Bajaj Finance Ltd. (commonly known as Bajaj Finance) is a subsidiary of Bajaj Finserv Ltd. and was incorporated on 25th March 1987. The organisation is classified as an NBFC (Non-Banking Financial Company) that engages in lending and accepting different types of deposits. This NBFC lends to individuals, SMEs, and retail businesses in rural and urban …
Bajaj Finance FD Interest Rates – Types & Best FD Interest Rates 2024 Read More »
Launched in 2016, UPI or Unified Payment Interface, is a real-time payment system that facilitates the seamless transfer of money from one bank account to another through smartphones. It is the most popular and convenient method of making online payments that has been introduced by the National Payments Corporation of India (NPCI) with an aim …
What is UPI Transaction Limit & Know Your UPI Transaction Limit – 2024 Read More »
If you are a risk-averse investor, there are various government-backed initiatives that you can choose for safe and stable profit generation. National Savings Certificate (NSC) is an investment vehicle that you can consider in this regard. Continue reading this blog to find out more. What is a National Savings Certificate? National Savings Certificate (NSC) is …
What is National Savings Certificate & Types of NSC 2024 Read More »
North East Small Finance Bank is a subsidiary of RGVN (North East) MicroFinance Limited, a financial service company that received an ‘In-Principle Approval’ from RBI in 2015 to set up the bank. It was the only financial institution in the North-Eastern Region of India to receive the approval. The main aim behind establishing the North …
North East Small Finance Bank FD Rates – FD Rates 2024 Read More »
The Statutory Liquidity Ratio is an important regulatory requirement for commercial banks in India. SLR aims to ensure adequate liquidity reserves are maintained by banks to safeguard depositor funds. This blog discusses the key aspects of SLR, including its definition, calculation, objectives, regulation and impact on banks as well as the overall economy Definition of …
What is Statutory Liquidity Ratio & How it is Calculated in 2024 Read More »
Electronic Clearing Service or ECS has become one of the most preferred ways to make recurring payments such as utility bills, insurance premiums, loan EMIs, mutual fund SIPs, etc in India. With rapid growth in digital transactions, ECS provides a hassle-free solution for individuals and organizations. However, not many are aware of how this electronic …
What is Electronic Clearing Services & its Types in 2024 Read More »
Demand draft is a widely used financial instrument for funds transfer between individuals and businesses located in different places. It provides a convenient way to make secure payments without having to carry cash or wait for cheque clearance. This blog aims to provide a simple overview of demand draft, its types, process of issuance and …
Letter of credit is one of the most widely used trade finance instruments globally. It plays a significant role in lubricating cross-border commerce by securing payments between international sellers and buyers. This blog aims to provide key insights about letters of credit, including what they are, how they work, the parties involved and their importance …
What is Letter of Credit & Working of LOC in 2024 Read More »
