Economics
What is a PAN card? How to apply it online
The Income Tax Department enabled the Permanent Account Number (PAN) system to avoid miscalculations and errors in tax assessments. The earlier system of tax assessments of the citizens of India was familiar to some individuals. Hence, PAN was taken into force by the Government of India in the year 1972, where a unique identification was ... What is a PAN card? How to apply it online
- Anshul Gupta
- 31 March 2023 • 8 min read
Difference Between PAN, TAN and TIN
PAN stands for Permanent Account Number. It is a 10-digit unique alphanumeric number. It is issued by the Income Tax Department. It is mandatory to quote PAN for every transaction and communication with the Income Tax Department. Additionally, there are certain specified financial transactions, where it is mandatory to quote PAN. These include transactions like ... Difference Between PAN, TAN and TIN
- Anshul Gupta
- 28 March 2023 • 5 min read
Role of Monetary Policy in Debt Markets
The debt market in India includes the long-term debt market and the short-term money market. Money market transactions have a maturity of less than one year, while bond market transactions have a maturity of more than one year. The monetary policy of the Reserve Bank of India (RBI) impacts both the long and short end ... Role of Monetary Policy in Debt Markets
- Piyush Mohta
- 22 March 2023 • 5 min read
Everything you Need to Know about Drafting a Will
A Will is a legal document containing the declaration of a person regarding the distribution of his/her assets after his/her death. A Will comes into effect upon the death of the testator and defines how his/her wealth, property, and assets will be distributed. There is no prescribed form of a Will and it can be ... Everything you Need to Know about Drafting a Will
- Ramya Rajasri
- 19 March 2023 • 9 min read
NEFT transfer timings for top banks in India in 2023
To globally integrate the financial markets and to enhance online participation, RBI launched the National Electronic Funds Transfer(NEFT) system. The system works digitally and can transfer funds quickly from one account to another. In this article, we will learn more about NEFT transfer and NEFT transfer timing for top banks in India in 2023. What ... NEFT transfer timings for top banks in India in 2023
- Anshul Gupta
- 10 March 2023 • 7 min read
What is UPI and How Does It Work? The Complete Guide
India has seen a remarkable increase in digital payment options, making transactions quick, easy, and secure. This shift is steering India towards a cashless economy, aligning with the vision of DIGITAL India. The rise in fintech companies has further secured and expedited payments. A prime example of contactless payment technology is UPI, which, as per ... What is UPI and How Does It Work? The Complete Guide
- Anshul Gupta
- 10 March 2023 • 11 min read
What is NEFT? How does NEFT work? The Complete Guide
Starting in November 2005, National Electronic Funds Transfer (NEFT) was established by the Institute for Development and Research in Banking Technology. The objective of this system is to enable electronic fund transfers. It is owned and controlled by the Reserve Bank of India (RBI) and used nationwide. So, How does NEFT actually work? let’s understand ... What is NEFT? How does NEFT work? The Complete Guide
- Darshan Maheshwari
- 10 March 2023 • 9 min read
RTGS – Learn Everything About It Here
The world is evolving at an extremely fast pace. Technology has evolved to a large extent and has boosted every industry. Technology has rightly provided developments for the betterment of mankind. One such development we witness is in the field of online payments. Gone are the days when we had to rush to the bank ... RTGS – Learn Everything About It Here
- Darshan Maheshwari
- 10 March 2023 • 7 min read
How to File a Complaint with the Banking Ombudsman: A Step-by-Step Guide
Every consumer must be aware of the Banking Ombudsman as it is the platform where they can lodge a complaint regarding their banking issues. When a bank does not respond to the consumers regarding their issues, then they can get help from this scheme, which the RBI sets up for the consumers. Now let’s discuss ... How to File a Complaint with the Banking Ombudsman: A Step-by-Step Guide
- Piyush Mohta
- 28 February 2023 • 12 min read
What Is Contingent Liability and How Do Companies Deal with It?
Businesses function in an uncertain environment with many pulls and pressures that can lead to situations whose eventual outcomes cannot be guaranteed. It may involve a pending lawsuit, insurance claims, pending approval from regulatory bodies, etc. In short, these outcomes may have unplanned financial implications. All this brings us to the introduction of an important ... What Is Contingent Liability and How Do Companies Deal with It?
- Piyush Mohta
- 24 February 2023 • 4 min read
