4 types of Goods and Services in India for GST rate How many types of GST in India? I hope, the difference between types of GST and types of goods and services is clear. If you would like to express more about types of goods and services and types of GST, please comment below: Clic...
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This saying perfectly describes Recurring Deposits, a type of bank account where you invest a fixed amount of money at regular intervals over a specified period. Each deposit you make is like a drop of water that, over time, accumulates into a larger amount (like the vast ocean). This habi...
so an NRI account allows them to transfer funds or repatriate money. Plus, opening this type of bank account is very convenient. You don’t even have to visit the branch in India; you can courier the documents to their
What is the collateral margin at the State Bank of India (SBI)? What types of collateral are accepted by banks? Do education loans with collateral have lower interest rates compared to non-collateral loans? Can I negotiate the interest rate on an education loan with collateral?
How a Multilateral Development Bank (MDB) Works Multilateral development banks and other international financial institutions, such as the International Monetary Fund (IMF), were born in the waning days of World War II. This was when the U.S. and its allies established the Bretton Woods instituti...
Bill of exchange in India is defined by the Negotiable Instruments Act of 1881. Under this act, bill of exchange is defined as “an instrument in writing containing an unconditional order, signed by the maker, directing a certain person to pay a certain sum of money only to, or to the ...
Bank General Awareness For candidates preparing for UPSC, unemployment in India can be asked in GS I or as an essay question. Therefore, this article will discuss detailed information on unemployment in India, types of unemployment, causes and government initiatives to control unemployment in India....
The Reserve Bank of India issues it. It has a maturity of one year or less. Hence, these are short term instruments. The T-bills are issued to address the liquidity shortfall in the economy. T-bills are zero-coupon securities. In other words, these instruments do not earn any interest....
Why is Bank Guarantee Important? Adds to Creditworthiness Assessment of Business Confidence of Performance Risk Reduction Example of Bank Guarantee In Dubai, an exporter called “ABC LLC.” seeks a bank guarantee from an importer called “XYZ Pvt. Ltd” in India. In this case, “XYZ Pvt. Ltd...