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
- Samarth Tandon
- 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
- Samarth Tandon
- 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
- Krishna Deshmukh
- 10 March 2023 • 7 min read
What is UPI? How Does UPI Work? The Complete Guide
Over the last few years India has witnessed a surge in facilities for seamless digital payment to all citizens in a convenient, easy, affordable, quick, and secure manner. These facilities have contributed to creating a robust ecosystem for a cashless economy which has put the country on its path of making the dream of DIGITAL ... What is UPI? How Does UPI Work? The Complete Guide
- Krishna Deshmukh
- 10 March 2023 • 6 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
Banking Ombudsman Scheme: Here is how to file your complaint against your Bank
Every consumer must be aware of the Banking ombudsman as it is the platform where a consumer can lodge a complaint regarding their banking issues. When a bank does not respond to the consumer regarding their issues then they can get help from this scheme which is set up by the RBI for the consumers. ... Banking Ombudsman Scheme: Here is how to file your complaint against your Bank
- Piyush Mohta
- 28 February 2023 • 7 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
