Finance Archives - Page 7 of 11

May192023 by Normand JordanNo Comments

How to open an individual current account in a bank?

Finance

Opening a individual current account in a bank is a straightforward process that puts you in control of your money like never before. You will have peace of mind and convenience with many benefits and features designed to suit your financial needs. Let's dive into the simple steps to open the best current account and unlock a world of financial possibilities! What is a current account? A current account is a bank account that is primarily used for business or professional purposes. It allows unlimited deposits, withdrawals, and transfers and provides various features like an overdraft facility, cheque book, and online banking. A current account is typically used by individuals or entities who must carry out multiple transactions regularly and require more flexibility in managing the...

May172023 by Lazaro GodfreyNo Comments

5 Differences Between Current Account and Savings Account

Finance

A current account and a savings account are two distinct types of bank accounts that serve different purposes. While both are offered by banks in India, they differ in various aspects. In this article, we will discuss the five differences between a current account and a savings account. Purpose A savings account is designed to help customers save money, earn interest on their deposits, and use the funds for personal expenses. The primary objective of a savings account is to encourage saving and discourage excessive spending. On the other hand, a current account is specifically meant for business transactions. Current accounts are used by businesses, companies, and entrepreneurs for their daily financial transactions, such as paying suppliers, receiving payments from customers, and mai...

May152023 by Joshua RawlsNo Comments

Compulsory Personal Accident – Stand Alone Policy

Finance

The owner-driver of the vehicle can be the only beneficiary of Compulsory Personal Accident (CPA) cover, a separate compulsory Personal Accident policy. All vehicle owners are required by the Insurance Regulatory and Development Authority of India (IRDAI) to carry a personal accident insurance policy with a minimum insured amount of INR 15 Lakh. As of January 2019, the insured can choose to purchase a separate CPA policy rather than selecting CPA as a cover within a motor insurance policy. # This car insurance provides coverage for accidental passing away or disability that occurs while operating the insured vehicle for you or your beneficiaries. If your auto insurance policy does not include this coverage or you own many vehicles, you can purchase the standalone CPA and make a car insu...

May152023 by Normand JordanNo Comments

How To Protect Your Bike From Theft In India?

Finance

A third-party insurance policy is now required under the motor vehicles act for all two-wheelers, and this is a good idea as two-wheelers are much more likely to be involved in accidents than other types of vehicles. However, it is advised to purchase a thorough bike insurance online coverage if you want total protection for your bike as well. It offers coverage for events like personal injury, theft, third-party liability, and many more and safeguards your automobiles from natural and man-made disasters. Spending money on a thorough motor insurance policy is unquestionably worthwhile when you realise how often accidents and thefts involve two-wheelers. Thefts Of Two-Wheelers Are More Frequent Than You May Imagine. Lock your steering lock to prevent bike theft While you could ...

May32023 by Normand JordanNo Comments

How to Select the Best Equity Funds?

Finance

Choosing the right equity funds can be daunting, especially for novice investors. Equity funds are one of the most popular types of investments available and offer many benefits, such as diversification, potential for long-term growth, and professional management. However, with so many different options to choose from, it can be difficult to find the right funds that fit your needs. By understanding the basics of how to select the best equity funds, you can make informed decisions when investing in this type of fund. This article provides an overview of how to choose equity funds that are suitable for your investment goals and risk tolerance. Determine Your Investment Goals The first step when selecting equity funds is determining your investment goals. Do you want to focus on capita...

Apr282023 by Lazaro GodfreyNo Comments

Bookkeeping vs. Accounting: Understanding the Differences and Similarities

Finance

Bookkeeping and accounting are two essential components of any business's financial management. While they are related, they serve different functions and require different skill sets. In this article, we'll explore the differences and similarities between bookkeeping and accounting and why both are crucial for the success of any business. What is Bookkeeping? Bookkeeping refers to the daily recording and tracking of financial transactions, such as sales, expenses, and payments, in a systematic and organized manner. The primary goal of bookkeeping is to keep an accurate and up-to-date record of all financial activities to ensure that financial statements, like balance sheets and income statements, can be produced accurately and in a timely manner. Some of the main functions of bookkee...

Apr192023 by Thomas BourqueNo Comments

A comprehensive guide to choosing the right loan for you

Finance

Payday loans are designed to provide immediate cash to people who are facing a financial emergency or any kind of unexpected expense. These types of loans tend to be short-term and a bit risky because many borrowers find themselves unable to repay on time which creates a cycle of debt and ends up rolling over the loan. It is important to carefully consider all options before considering payday loans. In addition, these loans are not generally recommended due to their high-interest rates and fees, but they offer quick and convenient access to cash. Furthermore, payday loans for califorian people do not require any credit check, which makes them a very easy option for people with poor credit history. Sometimes people do not have enough cash to fulfil their urgent requirements. Whether...

Apr62023 by Clare LouiseNo Comments

How has Poonawalla fincorp performed in the recent years?

Finance

Poonawalla Fincorp Limited is a non-banking finance company (NBFC) that was founded in 1983. It is a subsidiary of the Cyrus Poonawalla Group and is primarily engaged in providing loans and other financial services to customers. The company's services include personal loans, business loans, home loans, and loans against property. Poonawalla Fincorp is a publicly listed company, and its shares are traded on the stock exchanges. In recent years, Poonawalla Fincorp has been one of the fastest-growing NBFCs in India. The company has reported strong financial results and has consistently outperformed its peers in terms of growth and profitability. In this article, we will take a closer look at Poonawalla Fincorp's performance in the recent years and analyze its share price movement in the st...

Mar292023 by Joshua RawlsNo Comments

Benefits Of Choosing Fixed Deposits For Long-Term Savings

Finance

When it comes to long-term savings, fixed deposits are a popular option among investors. A fixed deposit is a financial instrument that allows you to invest your money with a bank or financial institution for a specific period, which can range from a few months to several years. In return for your investment, you receive a fixed rate of interest at the end of the tenure. Long-term savings refer to setting aside a portion of your income for a significant period, usually five years or more, to meet future financial goals such as buying a house, funding your children's education, or planning for retirement. By investing in fixed deposits for long-term savings, you can enjoy several benefits that make it a wise choice. Read on to have a clear understanding of the benefits of choosing...

Mar112023 by RaoulNo Comments

Do You Know What Company Values Are and Why Are They Important?

Finance

Company values refer to the set of principles and beliefs that guide the behavior, decision-making, and actions of an organization. These values represent the core identity of a company and help to define its culture. They are the foundation upon which a company builds its reputation, interacts with stakeholders, and achieves its goals. Expert in the field of business, Daniel Suero Alonso makes it clear that without being clear about this aspect, your company will not be able to take off in the right way because you will be sending the wrong signals to both your customers and your investors. He makes the objective value one of his main points when talking about any business. Daniel Suero, who is a well-known business consultant, highlights the importance of company values in the ...