Banking

Myths and Facts About NRI Account Rules in India

Many Indians prefer to settle in foreign lands for better job prospects, earning money and completing higher studies. The Indian banking system has provided the facility of NRI accounts to operate all the financial activities from the different parts of the world. Before opening a NRI accounts in India, it is always advise that you …

Myths and Facts About NRI Account Rules in India Read More »

International Virtual Credit Card – Meaning, Benefits, Create VCC Free – Generator Online

There are times where you need virtual credit card in India or international virtual credit card for online payments. Here in this post we will discuss about what is a virtual credit card?, what are the benefits of VCC,  how to create a virtual credit card and how does virtual credit card generator works. Many …

International Virtual Credit Card – Meaning, Benefits, Create VCC Free – Generator Online Read More »

Income Tax Slab, Deductions, Limitations in India – F.Y. 2020-2021

Most of the people don’t know that they are paying tax on everything. Here we are going see about income tax slab for financial year (FY) 2020-21 under new tax regime as well as under old tax structure, income tax deductions for assessment year (AY) 2021-22, 80C deduction for FY 2020-2021, income tax exemptions, limitations …

Income Tax Slab, Deductions, Limitations in India – F.Y. 2020-2021 Read More »

What is Investment Banking and Services offered by Investment Bankers

Investment Banking Definition: An Investment banking is a bank who provide consulting services to governments, organisations, individuals, corporate for raising capital investment, mergers and acquisitions, trading into equities, currencies, derivatives, commodities, fixed income instrument, etc. For corporations, investment banks plays important role by offering advisory services on when and how to launch securities into open …

What is Investment Banking and Services offered by Investment Bankers Read More »

What is Private Banking and Services offered by Best Banks

Private Banking Definition: Private banking is the bank that provides customised financial solutions to high net worth individuals or those who belong to higher income class. Private Banks aims to provide best investment and wealth management products for those high net worth individuals who can invest large amount of money. Services provided by private banks …

What is Private Banking and Services offered by Best Banks Read More »

What is Commercial Bank and Services provided by Commercial Banks

Commercial Bank Definition: Commercial Bank provides services like accepting deposits, lending business, auto, home loans and essential investment products for customers like savings accounts, term deposit and many more where bank in exchange compensate interest on investments and deposits. Some of the commercial banks in India are Indian Bank,  Andhra Bank, Punjab National Bank, Canara …

What is Commercial Bank and Services provided by Commercial Banks Read More »

What is Retail Banking and Services provided by Banks to Customers

Retail Banking Definition: Retail Banking is the provision of consumer-oriented services to individual consumers. This does not include services to companies, corporations, entrepreneurs or other banks. Services offered include checking transactions and saving accounts, business debit cards, personal debit cards, international debit cards, business credit cards, personal credit cards, international credit cards, deposit plans, financial …

What is Retail Banking and Services provided by Banks to Customers Read More »

What are the Different Types of Banking and Financial Institutions

There is lot more to banking term than what most of the people recognize. Not all banks are shaped in equal manner or to operate for the same reason with same fundamentals. Since individuals or corporate have diversified needs of finance. “Different types of banking and financial institutions are operated to classify services based on …

What are the Different Types of Banking and Financial Institutions Read More »

What are the Different Types of Financial Services Provided by Banks

Economic services provided by bank are known as finance services to a broad range of businesses entities including insurance companies, credit card companies, credit unions companies, personal finance, stock brokerages, investment, accountancy, government companies and many more enterprises. Banking provides number of various different types of financial services to personal customers. Services do banks offer …

What are the Different Types of Financial Services Provided by Banks Read More »

What is Bank and Role of Bank in Economic Development and Growth

Bank Definition: A bank being a financial institution creates wealth by deposits. Deposits are created by lending funds either directly or indirectly into market and reclaiming with interests or profits. A role of bank is importance in financial system for any country, they are exceedingly regulated by the central government or national bank. Mainly commercial banks are …

What is Bank and Role of Bank in Economic Development and Growth Read More »

Scroll to Top