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Banking FAQs & HowTo Guide
Income Tax calculation for FY 2020-21 and AY 2021-22 – Union government has introduced a new income tax strucre along with the existing one. The new income tax regime is optional, and individuals can either opt for the new regime or file their taxes as per the old regime. Existing tax regime: There are three categories of individual taxpayers: […]
A new term recently coined in this sluggish economy “Helicopter Money”, what is helicopter money and why is it in news now ? This is an unconventional monetary policy tool. It involves printing money and distributing it to the public. Milton Friedman coined this term. It basically denotes a helicopter dropping money from the sky. […]
The People’s Bank of China (PBoC) has purchased 1.75 crore shares or 1% in one of the largest housing finance lenders in India, HDFC Ltd. China has been buying stakes across major financial institutions in Asia amid the stock market crash in major economies. The Chinese Central Bank has bought 1,74,92,909 crore shares, or 1.01 […]
SBI Saving Interest Rate – The lowest saving interest rate ever offered by any Public Sector Banks in India- India’s largest lender State Bank of India has reduced the saving account interest rate to 2.75%. The interest rates for balances up to Rs 1 lakh and above Rs 1 lakh will now accrue at 2.75 […]
Learn to transfer money from PayTm Payment Bank to Google Pay linked account using UPI – This is to remember that the transfer of the fund from PayTm to google pay is not possible as the Google Pay is not an ewallet. The fund from the Paytm bank to saving bank account linked to google […]
Stop-loss in Stock Markets – Learn the concept of the Stop-loss trading in the stock markets and how to use it while trading using the various brokrage platforms like Angelbroking, Sharekhan etc. Stop-loss is a method used by an investor to limit his losses. It works as an automatic order given by the investor to […]
What does moratorium on loan mean ? Moratorium period refers to the period of time during which you do not have to pay an EMI on the loan taken. This period is also known as EMI holiday. Usually, such breaks are offered to help individuals facing temporary financial difficulties to plan their finances better. In […]
Syndicate Bank New Internet Banking Interface – Public Sector Syndicate Bank has introduced a new interface of Internet Banking application for their customers for doing online transactions. The new online banking application is responsive and easy to transact. The upgraded version is made available for retail customers. All the existing SyndicateBank’s customers are moved from […]
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