What Is Issuing Debt?
When companies want to raise their money to finance their operations, they issue debt. Companies can raise there funds either by borrowing money from banks or by issuing shares or bonds. Sometimes...
View ArticleOverview : Automated Clearing House
With the growth of economy, the volume of non-cash retail and commercial payment has replaced the earlier paper based payment methods like cheques etc. ACH is one of the most popular network for...
View ArticleDifference Between Money Order & Cashier’s Cheque
Cashier check and money order are physical instruments used to transfer funds from one party to another by personally handing them, sending via postal/courier service and clearing them through bank...
View ArticleWhat Is A Cheque? Kind & Types Of Cheques
Cheque is a very common form of negotiable instrument. If you have a savings bank account or current account in a bank, you can issue a cheque in your own name or in favour of others, thereby directing...
View ArticleDifference Between Fixed Deposit And Fixed Maturity Plan
New investors always like to play safe. For that they prefer to invest there money in such plans which offers guaranteed returns. This is the prime reason most of the people use bank fixed deposits(FD)...
View ArticleDifference Between IFSC And MICR Code
Today monetary transactions are not limited to a bank or a country which makes it mandatory for every financial institution to do a verification before processing. To make this process faster banks and...
View ArticleNo Prepayment Penalty On Home Loans–By Axis Bank, Bank Of India, SBI And More
After the news of waiving prepayment penalty by housing finance companies now banks have also started to in line with housing finance companies. Some of the banks have already waived off the prepayment...
View ArticleAccount Number Portability : Switch Between Banks Without Changing Account...
After number portability on mobile phones, now government of India has plans to introduce account number portability for bank customers. With this customer of one bank will be allowed to switch between...
View ArticleWhat Is CIBIL: All You Need To Know About CIBIL
While applying for a credit card or loan, the first thing that is checked is your CIBIL score/credit score. People who apply for a loan are required to have a good credit score. Though, most of you may...
View ArticleWhat Is To Be Done If Your ATM Card Is Stuck Inside The ATM Machine?
Nowadays, people are more dependent on plastic money than on paper money. One of the most widely used form of plastic money is the ATM card. Though ATM cards are widely used due to their convenience...
View ArticleClik here to view.
What Do Banks Do With Our Money To Make More Money?
I think, most of us already know that banks earn money by taking deposits and lending money. In simple terms, banks takes deposits from public and lends to public. The difference in interest rates is...
View ArticleBanks Asked To Pay ‘Free Services’ Tax, ATM Transaction Charges Expected
India’s banking industry is currently in a state of dilemma. Banks such as State Bank of India, ICICI Bank, Axis Bank etc. have been asked to pay the ‘free services’ tax provided to customers...
View ArticleHow To Pay Less for Bank Services Post DGGST Notice To Banks In India
Banks across India are currently in a state of frenzy. They have been asked to pay the ‘free services’ tax provided to customers with a minimum account balance with retrospective consequences. The tax...
View ArticleCryptocurrency Ban In India: Traders Feel It Will Continue Post-Order
Since the cryptocurrency ban in India. trading in this sector has overflowed substantially with a spiked increase in prices. experts feel that traders are taking advantage of the duration (three...
View ArticleTax Exemption On Bank Interest – Read For More Information
The interest people receive on their savings bank account is considered as their income. Moreover, it is taxable. Then also, people get tax exemption on bank interest. It is offered by Section 80TTA of...
View Article