Now IRDA Allows Insurance Premium Payment In Cash Above Rs 50,000 With PAN Details

Insurance Regulator And Development Authority (IRDA), the national agency of Government of India is planning to modify there guidelines to control black money transactions. To track the source of income, the authorities are planning to make it mandatory to quote the Permanent Account Number (PAN) for paying insurance premium of Rs 50,000 or above via cash. As of now, it …

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RBI Hikes Small Money Transfer Limits In India

The Reserve Bank of India (RBI) have announced domestic money transfer relaxation for small money transfers. The new guidelines issued by the RBI have made changes in the cash pay out, cash pay in and card to card transfer schemes. As of now only banks are allowed to initiate money transfers in the country subject to the adherence of KYC/AML …

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Proposed FDI Norms To Bring Top Foreign Luxury Brands To India

Government of India has started considering 100% foreign Direct Investment (FDI) in single brand retail firms. In other words, government of India has giving a though to allow foreign companies to invest in single brand retail to 100% which is currently limited to maximum 51% only. It is been proposed to the Indian government to allow direct investment by foreign …

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Are You Paying Your Credit Card Debt Month On Month With Heavy Interest Rate? – Go For Balance Transfer Card

Usage of ‘Plastic Money’ i.e. payments using Credit/Debit cards have been increased a lot. Banks and financial institutions are also coming up with different types of Credit cards with attractive offers to attract more and more people. But it is very important to understand the terms and conditions of the offering agency before finalizing your Credit card. As this convenience …

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Must Know Facts About UID/Aadhaar India Card

Aadhaar is a name given to the project initiated by the Government of India to deliver unique identification numbers to every resident across the country. It is been popularize as ‘Aam Aadmi Ka Adhikaar’, as it is one of its kind of initiative which has been designed to give unique identity to every individual including homeless and transgender. This 12 …

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Applying For PAN Card In India?– Check Required Documents For Foreign Citizens

Pan Card is a unique 10 digit alphanumeric code issued by the Income tax department of India to every individual applies for it. Any individual can get this issued by fulfilling the application criteria mentioned by the authorities. The document requirement varies for applying Pan card for Indians and non residents but the PAN card issued is the same i.e …

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RBI : Provision To Repay Home Loan Of NRI Relative By Resident Indians

As per the notification issued by the Reserve Bank of India (RBI) on 16th Sep 2011, loan taken by an NRI/PIO from an Indian Bank in rupees can be repaid by an Indian resident who is a close relative of borrower. This can be done by crediting the borrower’s loan account through the bank account of such relative. Lets have …

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Types Of Interest Rates For Home Loan – Make The Right Choice

Whenever we plan to take a home loan the most important decision after finalizing the financial institution is the Types Of Interest Rates on your loan. Before finalizing this it is better to understand the different types of interest rates offered by the financial institutions these days. Fixed Rate Of Interest: As name suggest this interest rate remains fixed during the …

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What Is The RFC – Resident Foreign Currency Account Scheme?

We have already discussed about different types of NRI bank accounts which an NRI can maintain and operate while having a NRI status. Here is another bank account for NRIs which they can open after returning for permanent settlement in India. What Is RFC Bank Account? RFC stands for Resident Foreign Currency, as name suggest this account is meant for …

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Are You Looking For A Fixed Income Plan Other Than Bank Fixed Deposit?

Stock Market has always been knows for its volatility which sometimes attracts investors for getting high returns in smaller span. But the level of risk which comes along sometimes make investors to stay away from the same. The recent trend of the stock market ‘which is not in favour of investors’ have made investors to look into some alternate investment …

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Money Transfer To US Via Wire Transfer? Get Routing Number Of The Recipient

Routing Number is a 9 digit numeric bank code assigned by the American Bankers Association to all the financial institutions in United States for their unique identification. It is the very first number set printed on the bottom left of the checks. Originally designed to help banks to identify the payers bank for faster and accurate processing of cheque payments, …

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Your Credit Score – A Reflection Of Your Financial Responsibility

Your credit score is a very important factor in evaluating your financial performance. It is like your financial report card. It reflects your ability to handle your credits. Thus to get a good credit score you will have to handle your credit cards and other secured and unsecured debts properly. It may occur to you that why is it important …

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What Is Application Supported By Blocked Amount (ASBA) Facility?

There are various methods of making investments, out of which stock market is one of the leading sector where people invest there money with the expectation of getting good returns. Companies raise there capital by selling shares of stock to the public. Term like Initial Public Offering (IPO), Follow On Public Offering (FPO) Or Right Issue Of A Company are …

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