Does spending 90% of one's credit limit on a credit card ruin one's credit score? If so why? How do I become a CIBIL member and access the credit scores for customers when I am not an NBFC? How does a credit union differ from a bank, considering both pay interest on deposits? Tr...
How accurate is "Gujarat International Finance Tec-City" for making India an economic powerhouse? How does Delhi Government earn its revenue? How did the annual budget increase from Rs 32k crores to Rs 60k crores, as is stated by the Kejriwal govt? How does Indian tax structure work accordin...
In this field, the capability of an individual solely depends on the job and the individual. One who opt for a career as credit manager is sometimes overwhelmed and might be required to work overtime. Does Credit Manager require travelling? Likely An Individual who opt for a career as ...
Services (Banks & NBFCs): An invoice must be issued within 45 days from the date the service is provided. What Are The Types of GST Invoices? 1. Bill of Supply A Bill of supply is similar to a GST tax invoice but does not include tax charges. It is issued when GST does not appl...
Where this won’t work:However, the separate insurance cover does not work if you have a proprietorship account along with an individual account. In this case, your proprietorship account will be clubbed with your individual account and you will ...
High leverage –Speculators may borrow money from the brokerages firm (on margin) or NBFCs to keep on the bull rally. The debt cycle keeps increasing, and when stocks drop, the investor wealth can be completely wiped out due to the high margin. ...
How Does SIP Work?A Systematic Investment Plan (SIP) allows you to invest a fixed amount in mutual funds regularly, usually every month. When you invest through SIP, your money buys units of a mutual fund at the prevailing NAV. By investing regularly, you can also balance the cost over ...
2. How does a Mastercard differ from Visa? The difference between a Visa and Mastercard is very minor from the customer’s point of view. Both are secured and universally accepted payment methods. The only real difference between the two is in relation to the payment network on which the ca...
How does it work? A Physical mandate is a manually completed mandate form that requires only the customer’s physical signature and bank account details for authorisation. Simply put, the customer authorises the bank or NBFC to debit the required amount from the account periodically. Supported by...
Unlike the banks above,central banksdoes not deal directly with the public. A central bank is an independent institution authorized by a government to oversee the nation's money supply and its monetary policy. As such, central banks are responsible for the stability of the currency and of the ...