Rs 500, Rs 1000 Notes Banned: All You Need To Know

In a move to curb black money, corruption and spread of counterfeit currency notes, Prime Minister Narendra Modi has announced demonetization of Rs 500, Rs 1000 notes. While Rs 500 and Rs 1000 rupee notes are now being withdrawn from circulation, Reserve Bank of India will circulate new Rs 500 and Rs 2000 notes, soon. Wondering what you will do with the Rs 500 and …

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Depositing Rs 500, Rs 1000 In The Bank? Here Are 10 Things You Should Know

Prime Minister Narendra Modi on Tuesday announced demonetization of Rs 500 and Rs 1000 bank notes. The old currency notes can be exchanged for value with the new notes at the Reserve Bank of India or at any bank branch or at any Head Post Office or Sub-Post Office. Following the announcement, huge crowds have gathered in the banks and post offices …

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Cash Deposits Above Rs. 2.5 Lakh To Be Taxed, Penalty On Income Mismatch

Taking the nation by surprise, Prime Minister Narendra Modi on Tuesday announced that the bank notes in the denominations of Rs 500 and Rs 1,000 will not be legal tender from midnight of November 8, 2016. The old currency notes can be exchanged for value at the Reserve Bank of India or at any bank branch or at any Head …

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Is There A GPS Chip In The New Currency Note?

Prime Minister Narendra Modi-led government has recently announced the scrapping of the old high value currency notes. While some people welcome this move, some other are totally against it. Besides, there is another category of people who are spreading rumors. Amid all the chaos, a rumor has surfaced claiming that there is a GPS chip in the new currency note. Let’s …

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How Rs 500, Rs 1000 Notes Ban Will Impact The Economy

In a bold move to curb black money, Prime Minister Narendra Modi announced a ban on Rs 500 and Rs 1000 currency notes effective Tuesday midnight. Although there will be some inconvenience for a couple of days but people are welcoming this move for its long-term gains. But will this move really bring any good to our economy? Will it help in dealing with black …

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How To Keep Financial And Other Important Documents Safe

It is very important for all of us to keep our financial and other documents safe and protected from misuse. Moreover, if our documents are safe and if we need them in future, then we can access them easily and in time too. Many of us still follow the old school of keeping the  documents safe. We put the hard copies …

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How To Start Saving Money While In College

Saving is a healthy habit and should be inculcated at a young age. It is advisable that youngsters start saving while in college so that they get an understanding of saving and managing their funds before they embark upon their professional lives and prospective careers. Saving effectively begins by developing a comprehensive budget as it helps to get a fair …

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Merger And Acquisition (M&A) And Its Various Types

Mergers and Acquisition (M&A) is a term that defines the event of combination of two or more companies into one. Normally, it has been seen that either people consider mergers and acquisition as one term or do not differentiate between the two. Though in both the cases the companies combine into one but the process and fundamentals are entirely different. …

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Insurance Guide: Get Protected Against Insurance Fraud By Knowing Your Rights

Almost everyone of us gets insurance policy to get protected against future’s uncertainties. There are a lot of types of insurances available in market and you can avail any of them from your favorite company. But how would you know about authenticity of the insurance company? How would you know about your rights as a policy holder? Many times we …

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Health / Medical Insurance Policy: Definition, Benefits, Types, Processes, Sum Insured And More

Managing finance has become a strenuous task nowadays, which is one reason why people want to keep themselves secure from any unforeseen expenses. Talking about unexpected expenses, health is one of the important aspects which needs proper attention as some medical emergency (if comes) can disturb your finances in just few minutes. To save yourself from any such situation, you …

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Save Funds For Child Education- Easy To Follow Tips

With the cost of higher education rising faster than inflation, many parents worry about how to save for funding their children’s future education. Every parent today is diverting a major part of their savings to the cause of child education fund. While some are doing it wisely, for some it is mere estimation. It is very important to plan this …

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Difference Between Wholesale Price Index (WPI) & Consumer Price Index (CPI)

We always talk about the increasing price of goods and services these days, that are necessary for us to live. A term which describes this increase in price is called as ‘Inflation’. The rate at which the price of goods and services increases over a particular period of time (normally an year) is termed as ‘Inflation Rate’. Now the next …

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What is Foreign Direct Investment (FDI)?

FDI stands for Foreign Direct Investment. FDI is any investment made by a country in another country. FDI usually happens in developing countries by countries that have surplus liquid money in hand. This is a long term investment whereby corporation of one country makes a major investment to acquire ownership in a commercial venture in another country for the purpose …

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Health Insurance Portability: How To Switch From One Insurance Company To Another?

Just like mobile number and bank account number portability there is another very useful portability option available to you i.e ‘Heath Insurance Portability’. Health Insurance Portability allows policyholders to switch their policy to another insurance company without loosing benefits accumulated in the existing/current insurance policy. In simple words, if you are not very happy with the services of your health …

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