Wednesday, April 24

Banking

Democracy’s Currency: A Guide to Electoral Bonds
Banking

Democracy’s Currency: A Guide to Electoral Bonds

Introduction: Welcome to a simplified guide to understanding an essential aspect of democracy - Electoral Bonds. In this blog, we'll explore what Electoral Bonds are, how they function, and their significance in the electoral process. What Is Electoral Bond? Electoral bonds are a type of financial instrument that people use to donate to political parties. Notified banks issue them, and any Indian citizen or company incorporated in India can buy them. Electoral Bond Scheme: The Electoral Bond Scheme, introduced by the Government of India in 2018, aims to bring transparency to political funding while safeguarding the privacy of donors. Under this scheme, individuals and organizations can purchase bonds from specified branches of authorized banks in India. How do Electoral Bonds Wor...
Guide to Understanding Property Sale Taxes
Banking, Finance

Guide to Understanding Property Sale Taxes

Introduction The realm of real estate resembles a high-speed locomotive, demanding keen attention, particularly in navigating the complexities of property sale taxes. Whether you're a seasoned seller or embarking on your inaugural property sale journey, grappling with town taxation systems can feel like a daunting task. This step-by-step guide delves into the intricacies of local real estate property sales taxes, providing comprehensive explanations, detailed calculation methods, and insights into local implementation rules and regulations—all aimed at empowering individuals in managing their Personal Finance effectively. Taxing a Property Sale – The Basics Primarily, capital gain tax revenues of SDLT revenues from sales are the mainstay of the transaction. As a first step, we differe...
10 Important Tips To Consider Before Taking A Home Loan
Banking, Finance

10 Important Tips To Consider Before Taking A Home Loan

Buying or building a dream home requires enough supply of funds. Putting all the liquidity into one avenue at a time can be a risky investment as well. To skip such issues, you can opt for home loan available on easy terms from several banks. The banking sector is one of the primary providers of liquidity when you need it. Several banks offer home loans at different interest rates and other associated terms. You should always run thorough market research before settling for any of these.  EMI is another factor you should consider while picking a home loan.  Here are some of the aspects you need to take care of before finalizing the home loan settlements with a bank or financial institution.  Research The Available Loan Options When options are countless, your level of r...
10 Things You Must Do To Keep Your Bank Account Safe
Banking, Finance

10 Things You Must Do To Keep Your Bank Account Safe

We live in an era of online transactions, internet banking and convenient fund transfers. No matter how trivial or simple our bank needs are, we tend to be completely dependent on technology. Laptops and smartphones have made life easier and have taken over every aspect of our lives. Gone are the days when we had to think twice before banking. But, with technology comes the risk of online fraud and thefts.  Online banking has added convenience to life but, it comes with a fair share of risks. To protect your account information and prevent banking fraud, it is important to adopt safe banking practices. How do you ensure complete safety of sensitive information? Here are 10 things that will help to keep your bank account safe.  Change Passwords We understand that you do ...
Why ET Money Is The Most Favorite App For Mutual Funds?
Banking, Credit Cards, Finance, Insurance, Mutual Funds

Why ET Money Is The Most Favorite App For Mutual Funds?

ET Money app is the preferred app for mutual funds as it helps in the productive management of finances. It offers a single and one of the most impressive gateways for investing your money in multiple mutual fund schemes. It has enabled the implementation of personal financing management plans easier than ever.  ET Money App is an Ideal Option for Managing Mutual Funds A multi-use investment platform is the biggest reason for the growing popularity of this mutual fund app. It is extremely useful as it fulfills the varied financial needs of young and tech-savvy investors. The application helps to invest finances in mutual funds and insurance. It also offers a gamut of facilities to apply for loans, along with checking credit scores.  The app enables the new generation of investors ...
10 Interesting Facts about Indian Banks
Banking, Finance

10 Interesting Facts about Indian Banks

This write-up will introduce you to some interesting facts about Indian banks and the banking system. The Indian Banking System has users around the globe. It has a rich history and currently has stood as the backbone of the nation and its government through thick and thin.  Reserve Bank of India (RBI) governs all banks in India (these include both nationalized and private banks). The RBI has laid out a series of rules for ensuring that all Indian banks can provide customers with a friendly banking experience. While users are aware of most of those Indian bank facts, there are also some lesser-known regulations related to banking transactions and services.  The section below would introduce you to several interesting facts about the history of Indian banks and also provide you informatio...