Basic Finance

It’s an EMI world. Whenever we talk about loans, the first thing that crosses our mind is loan EMI calculation. The abbreviation, EMI stands for Equated Monthly Installment. An equated monthly installment (loan EMI calculation) is the sum that the...

Having a demat account is the first step towards trading or investing. To understand the features and functions of this account properly, we have to fully understand the differences between a savings account, a trading and demat account. There’s an...

Last week, I met an old friend of mine who often trades in the Indian equity market. He told me that while he was going through the U.S. market, he came across some Indian companies like Tata Motors, Dr. Reddy’s,...

You may know about the role of the Securities and Exchange Board of India (SEBI) if you are in the Financial and Capital Market for about some time? Most of us know that SEBI is just a regulatory body but...

Learning about the various methods of money transfers is an essential element of good personal financial management. IMPS fund transfer is one of the popular way to transfer money and to manage personal finance.  Last week I got a phone...

DEMAT Account...Haven’t it, you heard this term somewhere? It's a basic term in the stock market. You can learn more about such basics by joining the NSE Academy Certified Capital Market Professional (E-NCCMP) course on Elearnmarkets. Let me tell you...

Let us discuss about Demand Draft in details: Learning about the various methods of money transfers is an important part of the basics of wealth management. Yesterday I went to my neighborhood bank to update my personal details. As I...

Key Takeaways Write a cheque with Correct Date: Always write the current date on the cheque. Missing or wrong dates can lead to cheque rejection. Clear Payee Name: Write the recipient’s name clearly without overwriting to ensure correct credit. Match...

Do you have a bank account? If not, then you must have one as it is a first step which one takes while entering the world of money. With the launch of Pradhan Mantri Jan Dhan Yojana on 28th August...

A bank is a financial institution that creates credit by lending money to a borrower, thus creating a corresponding deposit on the bank's balance sheet. This blog talks about the key benefits of a bank account. No doubt, banks play...

Key Takeaways Cheque is a Safe Payment Tool: A cheque allows you to transfer money from your bank account without carrying cash and works as a legal payment document. Fill Cheque Carefully: Avoid overwriting, add the correct date, write the...

A bank account serves a lot of purposes for anyone in the process of financial planning, the three most important ones being safety, convenience, and savings. Traditionally in India, we have four major types of Bank Deposits, namely Current Accounts,...