Author: Shahrukh Ansari

NEFT full form is National Electronic Funds Transfer. Whereas, RTGS full form is Real Time Gross Settlement. Both NEFT and RTGS are electronic payment systems that allow users to transfer their money from one bank account to another bank account. However, both of them differ from each other. Let’s check out all the key differences […]

The Cash Deposit Machine, better known as Automated Deposit cum Withdrawal Machine (ADWM) is an ATM-like machine that allows you to deposit cash directly into your account using the ATM cum debit card. You can use this machine to instantly credit your account without visiting the branch. The transaction receipt also gives you your updated […]

Opening a dematerialization account a.k.a demat account allows you to invest your money in securities such as stocks and bonds. There are various stock brokers in India which allow you to open a demat account with them. Angel Broking is one of the oldest stockbrokers in India, and one of the most reliable and reputed […]

For many Indians, a credit card can be a valuable financial tool that offers flexibility in managing day-to-day expenses. Whether you’re paying bills, shopping online, or booking travel, credit cards provide convenience, security, and often rewards for spending. But it’s not just about ease; credit cards help in building a credit history. This is essential […]

The Pension Fund Regulatory and Development Authority (PFRDA) has introduced a new life cycle plan called Balanced Life Cycle Fund (BLC) under the National Pension System (NPS) in October, 2024. This plan will let people invest 50% of their savings in stocks until they turn 45.  The goal is to help increase the retirement savings […]

After incorporation of the company whether Public limited Company or private limited company registration, there are so many compliances which happen on day to day basis. As the business expands, companies are required to do so many changes which trigger various compliance requirements. Increase in authorised share capital is one of those compliance requirements. Usually, […]

India’s central bank governor, Shaktikanta Das, has skillfully managed a delicate balance: controlling rupee volatility while allowing its gradual depreciation to support Prime Minister Narendra Modi’s export goals.zF The Reserve Bank of India’s foreign exchange reserves have surged to nearly $700 billion, drawing comparisons to China’s buildup two decades ago. Under Das’s leadership—set to conclude […]

Mr. Ashwani Bhatia, a longstanding member of SEBI, announced the opening of three Data Benchmarking Institutions (DBIs) and stated that data access will be a ground-breaking endeavor to improve openness and reliability in Real Estate Investment Trusts (REITs). The Securities and Exchange Board of India provided direction to CAMS, CARE Edge, and KFin Tech while […]

In line with the Union Budget 2024-25, the Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, will launch the NPS Vatsalya scheme on September 18, 2024, in New Delhi. School children will also participate in the launch. During the event, the Finance Minister will also introduce an online platform for subscribing to NPS […]

ATMs now allow cash deposits without a physical card! The Reserve Bank of India (RBI) now allows customers to deposit cash at bank ATMs without using a debit card or PIN Consumers can use cash deposit machines (CDMs) and Unified Payments Interface (UPI) apps to deposit cash at ATMs. Deputy Governor T Rabi Sankar of […]