The full form of IFSC is Indian Financial System Code. It is an 11-digit alphanumeric code unique to each bank branch in India, which is used foronline money transfersthrough National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS) sy...
Put simply, a hedge fund is a pool of money that takes both short and long positions, buys and sells equities, initiates arbitrage, and trades bonds, currencies, convertible securities, commodities and derivative products to generate returns at reduced risk. As the name suggests, the fund tries...
HDFC Bank: HDFC Bank, one of India’s leading banks, emphasizes performance management to enhance customer service. They closely monitor their employees’ performance in serving customers and meeting sales targets. Regular training and performance reviews are conducted to ensure employees are well-equipp...
enabling instant, real-time bank transfers 24/7, throughout the year. Managed by theNational Payments Corporation of India(NPCI), IMPS facilitates seamless transfers for a wide range of transactions, from person-to-person to merchant payments, through platforms such as mobile ...
Identify your debt(s) obligations, the total amount that you owe the lenders, time period or tenure, apply for a consolidation loan, once you receive the loan pay off other debts, stick to the payment cycle of the consolidated loan. Let's understand the concept with the help of an ...
Reduce emissions by minimizing idling time at toll booths. When Should You Get the FASTag? If you’ve just bought a four-wheeler, truck, or any other vehicle that needs FASTag, it’s important to get one soon. You can buy it from the issuing agency, a bank, or on the Paytm app ...
Seeking to strengthen its share in digital payments and encountering opposition from the incumbent US banking sector, Google presented India’ s Unified Payment Interface (UPI), a shared public platform implemented with the support of the Reserve Bank of India to enable real-time payments , as a...
Example: L&T Finance, HDFC Bank, and ICICI Bank. Government Bonds: Government bonds are financial instruments issued by the government to secure funds for different needs, including funding public initiatives, addressing budget shortfalls, and promoting economic stability. They are often viewed as high...
Prices keep changing all the time. They can go up and down in response to various factors, including the state of the economy, the weather, agricultural production, election results, coups, wars and government policies. The list is practically endless. Naturally, those who are dealing in these...
Under section234B, penalty arises when the total amount of advance tax paid along with the amount of TDS is less than 90% of the total tax liability.In such a case, interest is calculated at 1% per month of the amount of shortfall for the time period from April to the month in which...