Always keep one thing in your mind that savings are always important for everyone and without any argument, this ought to be considered by all individuals on a priority basis. You may have found that if you have some reserves in the form of a cash amount, they somehow utilized somewhere and never remains in one hand. This is right that these reserves should not be remain in your hands directly so that the money should remain in circulation for the rest of the people. But how one can utilize these extra reserves in a suitable way is only possible through a saving account in a bank which can give you the best and maximum interest rate. If your cash or whatever resources you have remains with you with a proper plan like: • You use your funds in a business • You get wealth management from a bank •…
Personal loans are one of the most accessed options by people in a financial distress. Banks and financial institutions are offering a wide range of loan schemes to borrowers at a competitive interest rate. Rates and terms vary from lender to based on an applicant’s eligibility for a personal loan. Tata Capital and Fullerton India are one of the best NBFCs that offer a personal loan to different segments of customer in India. Before you conclude a lender, you must compare personal loan interest rates, other charges, repayment policies and so much. Here is a layer by layer comparison. Tata Capital personal loan Tata Capital is a leading NBFC (Non-Banking Financial Company) in India registered with the Reserve Bank of India (RBI). Tata Capital offer a host of banking and financial products and services. A personal loan is one of key products offered by Tata Capital. Personal loans are offered…
While net banking is a boon to several, it can be a bit overwhelming for users who are not tech-savvy. They face challenges while doing online banking. Hence, become aware and use online banking the smart way: Safety One of the major fears that customers have about net banking is safety, and this is one of the prime reasons that they prefer not to use internet banking. The cases of cyber-crimes and hacking are on a rise every day. The most obvious threat to modern banking is hacking of the bank accounts. Even with the banking sector constantly working on these safety issues, hacking is not stopped completely. The hackers are able to find technological loopholes. Most banks in India have introduced anti-phishing processes to safeguard their customers and security systems from getting hacked. However, loss of data and identity theft instances stop the users digital banking. Hence, use a…
Credit management refers to the process of granting credit and recovering the money when it is due. Every business needs to have a strategic credit management policy to avoid financial problems arising from poor credit management. (Information credit: https://www.accountability.co.za/group/our_company.php) A reliable credit management agency can assist in turning your owed deals into paid deals. Proper credit management involves a lot more than just reminding customers and clients to pay on time. The right kind of credit management procedure can contribute to the reduction of losses, if implemented in the right way. It improves the cash flow in a business. Below are the advantages of proper credit management when handled by professionals. Quick and Complete Recovery: The team of professionals at reputed credit management agencies are specialised in accounts receivable management. They are professionals with immense industry experience. When encountering hurdles in debt recovery, the professionals can assist with their credit management…
Most people today jump on the opportunity to move abroad. Such an opportunity may change your life completely, but the transition is not always easy. There are several things that warrant your consideration in the process of moving abroad. Of them all, managing your finances efficiently can be a rather huge concern. You need to assume NRI status and also ensure that you open the right NRI bank account from the two most common types of accounts – the NRO and NRE savings account. Here are some of the most frequently asked questions about the NRO savings account. What is NRO account meaning? Non-Resident Ordinary Rupee Account or NRO savings account is a special type of bank account that can only be opened by Non-Resident Indians. This type of account is ideal for NRIs who are moving abroad but have sources of income in India. For instance, you may have…
It is common to hold multiple savings account in your name. But not keeping them active is not. It is challenging to maintain multiple accounts active. Not only does it lead to mismanagement but also confusion. If you do not attend to your inactive saving account, it can cost you a hefty amount. What are dormant or inactive savings account? It is always easy to open a savings account nowadays. You could either go the offline mode, or online saving account opening is the new trend. With mobile banking apps, applying for a savings account is just a click away. However, if you do not attend to your accounts for any transactions for over a year, the account becomes inactive. If you do not use it for another year, they become dormant or inoperative. To avoid such circumstances, you can use the account for the purposes like outward bill, cheque transactions,…
If you own a business, you need a trade current account for your everyday transactions. This is because business owners need to carry out a significantly higher number of banking transactions on a day to day basis. These accounts are created by banks as per the applicant’s request and are designed for immediate, frequent access. A current trade account is important for business owners since its makes it possible for them to make liquid deposits. However, the documentation process for a current trade account is quite elaborate as compared to savings accounts. Documents required for opening a current trade account Here are all the documents you need to a trade current account ID proof documents of all account holders: Since current trade accounts can be opened jointly along with your business partner/s, you need to provide the ID proof documents of all account holders. An ID proof document is one which features…
Why get a lavish bankruptcy legal advisor, when you are nearly documenting insolvency? Find the insolvency lawyer with moderate rates. On the off chance that placing a minimal effort liquidation legal advisor to take up your bankruptcy case shows up an astute choice, enlisting the “least expensive” insolvency could then again, imperil the security of your benefits and brush off your lawful case. It is crucial you pick the right liquidation legal counselor to handle your insolvency case. Liquidation is specific fields of law that can be truly mind-boggling than emerged at the outset. Unless you discover the right lawyer to take up your case; bankruptcy issues may not be clear or easy to observe. As it were; attempt to place an affirmed lawyer with significant involvement in insolvency. Here are a few tips for you to settle on the right decision when selecting an Affordable Bankruptcy Lawyer. On the…