Do you know about Virtual Credit Card
Virtual credit cards are a boon to people who rely a lot on online shopping. Moreover, they have supported the growth of ecommerce companies a lot. Virtual credit cards have provided a new and better platform to the credit card users. It adds security to the users account and helps them against the online thugs.The...
How To Use Pre-Open Session in Indian Stock Exchanges
While watching business news channels, many of us have observed that on market days, in the morning from 9 am to 9:15 am there is a pre-open session for NSE and BSE. Do you know that there is any relevance of this session? Are you aware that during this period, what kind of orders are...
Learn to Calculate Average Quarterly Balance
Banks require savings account holders to maintain a minimum average quarterly balance. And if a customer fails to comply with the rule, then he is liable for the penalties charged by bank. But what exactly is this average quarterly balance? How do we calculate this? Do we need to maintain the minimum amount at all...
Know everything about your PAN
PAN or Permanent Account Number is a unique identification proof or a unique identity number allotted to an Indian citizen by the Indian Tax Department, which is generally represented by a ten digit number. This unique ten digit identification number may be alphanumeric in nature and is issued under the supervision of the Central Board...
RBI announces simplified KYC measures
With an aim of opening accounts for maximum population, RBI has simplified KYC (Know Your Customer) norms. The detailed note released by RBI states the measures as stated below: 1. Single document for proof of identity and proof of address — Two separate documents for proof of identity and proof of address are now not...
What is All-in-One Demat Account?
In order to understand what is all- in- one Demat account we need to first understand the concept of the Demat account. Demat account basically means a Dematerialised account through which shares and securities are held in an electronic form instead of possessing certificates in a physical form. While registering with a broker (also known...
Bank Lockers and Related Information You Must Know
A bank locker can be taken as a safe where the locker holders keep their important physical items like jewelry, will, papers of property or any other item of value which people consider to be unsafe to keep at home. There is so much to highlight about these lockers. People very frequently raise questions like...
Hidden charges in a Savings Bank Account
Whenever we think of opening a Saving bank Account, we come across various services which are offered by Banks and advertised in a big way. However, while transacting we come across several charges which were earlier not known to us or were stated somewhere in the account opening kit, that we did not bother to read. Here I...
The Basics of Investing in Dividend Yielding Stocks
A company when earns profits has three options available to it. One, it can declare part of the profits to its investors in the form of dividends. However, in this case, the company has to decide on the dividend payout ratio. Second, it can hold all the amount of profit and invest in back in...
Raising Money with Loan against Property
Money is measured to have become one of the most required and desired aspect in one’s life in the present times. The realization of an individual’s dream calls for the foremost prerequisite of money or funds. Loans are learnt to be quite a convenient option for the reason of arranging funds. An individual who is...
