CAS stands for Consolidated Account Statement. This statement can be defined as a document that summarizes investments made by an individual in mutual funds and securities held in demat mode. CAS contains crucial details like net asset value, bank account details, market value of the investment, merger/switching of mutual funds, bonus payments and so on. […]
It is almost impossible to avoid taxes these days. Most of us pay taxes directly or indirectly. If you are an NRI with investments in India, any income generated from your investments is subject to taxation. You might also be earning income in the country you’re living and working in. This means that you can […]
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 […]
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, […]
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 […]
If you are looking to avail any kind of loan, the most important thing to consider is the interest rate at which you will borrow the money. There is a general perception that the higher the interest rate, the bigger the EMI you would pay. So, for anyone looking to take a loan, it is […]
In the recently launched budget for the year 2024-25, the central government of India has proposed to bring down the long term capital gains tax from 20% to 12.5%. However, this would accompany indexation benefits. The fresh tax rates are slated to become effective from July 23, 2024. For those who bought their homes before […]