Various Hidden Charges in a Saving Bank Account
Savings bank account is the most common and the easiest way to keep your money in safe hands. It offers dozen of advantages like simplicity, greater liquidity, safety, enhancement in your bank balance via interest receipts, to name a few. Surprisingly, very few of us are aware of the truth that there are plethora of...
What does E or S means in my Fixed Deposit? Is it Better than Filling Nomination
While filling a form for Fixed Deposit, there are many options available for the deposit to be operated, viz. self/ single, jointly, E or S, anyone or survivor, former or survivor, etc. Each option has its own relevance depending on individual’s case. If you check the statistics for joint accounts, you will find that majority...
Are you ready for next jump with derivatives trading…
With the recommendations from L.C. Gupta committee, derivative trading in India was introduced more than a decade back. Initially, it was started for Indices which later on was initiated in stocks, commodities, currencies. As of now, all these markets offer ample liquidity and are acting as strong tool for different types of participants of markets....
Know more about a Public provident Fund (PPF) scheme
If you are a conservative investor and looking for safe investment option with attractive post tax returns along with exemptions in Income Tax, then a Public Provident Fund account is the solution. Few salient features of investing with Public Provident Fund Account are Attractive interest rates that are fully exempted from Income Tax under section...
Money Laundering – Is it Good to have these hassles
When we hear the words ‘money laundering’, our inquisitiveness reaches a level high and we start craving to understand the intricacies involved in it. Many of us want to know what exactly it is, is it possible, why people do it, how it is done and so many associated questions with it. But before I...
Implications of Cheque bouncing
On daily basis, I met lot of people who are highly inquisitive to know the implications of cheque bouncing. But before you learn about the repercussions, let us first understand when a cheque is said to be bounced. Conditions for a cheque to be considered bounced A cheque is said to be bounced when the...
Stock brokers offering Lowest Brokerage charges in India
If you are looking for Stock Brokers offering Lowest Brokerage charges in India in the year 2016, then here is the information listed. This articles include brokers like Zerodha, RKSV, Tradejini, MyValueTrade that offers the complete range of brokerage pricing to match your trading need. Few Stock brokers or Discount brokers like Zerodha and RKSV...
Difference between NEFT and RTGS simplified
Now-a-days NEFT and RTGS are frequently used terms. You often hear people talking about these jargons. Let us understand these terms. National Electronic Funds Transfer (NEFT) is an electronic fund transfer service managed by RBI wherein the transfer can be done amongst the banks in any city on deferred net settlement basis. This service can...
Auto Sweep Account – A Beneficial Proposition
I am sure you must be having a savings bank account with at least one of the banks in the town and must be enjoying the services of it. How much interest you are getting by keeping your money in this account? Certainly, you must be getting an interest ranging between 3 to 3.5%. I...
List of banks offering PPF account
Previously, Public Provident Fund (PPF) account was only available at post office but now few banks are also offering this service. If you are already having an account with Post office, you may also shift to any of the nearest bank branch as an alternate option. Here is list of banks which offer PPF account....
