You may move overseas to fulfil your career or educational aspirations. When you extend the stay beyond a limit, your residential status changes to Non-Resident Indian. This affects your connection with your home country. The most noticeable impact is on the finances. You no longer enjoy similar benefits as the residents. You need to avail yourself of specialised services to manage your funds in India. This helps the government streamline banking facilities to suit your needs.

The…

Money is precious for everyone as it helps you fulfil your dreams and lead a comfortable life. You do not depend on others for money or repay debts. It is safer to plan your expenses to avoid losses and become financially independent. Emergencies arrive without warning. Hence, remain prepared to face them.

Nowadays, banks offer an online Savings Account for customers’ convenience. It saves your precious time and eases the formalities. You skip all the physical paperwork and upload the…

Standing in queues outside banks for small transactions involves time, patience, and effort. You need to arrange all your priorities and fulfil them before going to the bank. Years ago, there was no shortcut available, whether you wanted to deposit cash, withdraw money, or check account statements.

But now, you can access all these facilities at your fingertips, thanks to an online Saving Account opening. These initiatives from banks aim to provide convenient banking services to…

Financial independence is a boon for everyone. With the rise in women empowerment and progress, we have seen a growth in the country’s Gross Domestic Product while they excel in all walks of life, whether handling the business or raising the family. They are an idol in society who know how to balance everything. Banks nowadays have a specific Women Savings Account to fulfil your needs and lead an independent life.

You are no longer a burden on your parents or husband as you save for…

The ideal place to secure your hard-earned money is Savings Account. From here, you can conveniently withdraw and deposit cash. This is the most popular financial product offered by banks. The account comes with a host of features and benefits which the owners can utilise, right from the Savings Account interest rates to daily withdrawal limits to ATM or Debit Cards, and more.

You could also sign up for Online Banking facilities and do transactions from anywhere. Most banks today…

We all need a Bank Account for parking our savings for conducting different financial transactions. A Savings Account is the first account you open, through which you gradually build your life savings. Usually, most people either hold joint or minor accounts with their parents, which gets converted to a regular account by the time they turn 18.

However, a Zero-Balance Account is the first individual account you can open. But before that, learn some facts about…

Having a clear strategy in mind is essential when making investments, especially for schemes linked to market volatility like Mutual Fund Investment. A Systematic Investment Plan is one such investment method that allows you to strategise your investment in a structured manner. With SIPs, you can invest by making small contributions regularly.

The SIP has undoubtedly become a go-to investment method for several investors. However, here are some things that you must carefully consider…

You require money to fulfil your needs and pay for other priorities. There are situations where you need to borrow finance to meet urgent needs and medical emergencies. Everything in this world revolves around money. You can lead a peaceful life without worries if you have sufficient funds. However, banks offer several Loan options to customers.

A Personal Loan is an unsecured and collateral-free financial…

A Savings Account lets you keep your savings safe and earn interest on the money deposited. Banks provide the facility of opening the account offline and online via laptops or Banking apps. Why step out when you can easily open an account in your desired bank from your home or workplace anytime? 

Following are the list of the best online Bank Account that you can open in 2022. This list is easy to compare…

Knowing and having a clear understanding of how money transfers work is essential. If you have made a money transfer to India before, we are sure you must have heard the terms Bank Remittance and Bank Transfer. People confuse these two and consider them the same. They do work on similar lines. However, they are not the same and have a thin line of difference.

Here are the concepts that will help you understand and differentiate between transfer and Remittance.

Bank…

The internet era has brought about multiple options for money transfer overseas. This includes writing cheques, adding funds in Prepaid Cards, using the direct transfer app, etc. But Wire Transfer is famous for its speed and reliability. It means electronically transferring funds primarily carried out by banks. Some agencies provide these options nowadays. The core method, however, depends on the institution you opt for.

Before considering this medium to remit money, you need to…

Investments are a boon for everyone, especially when they provide guaranteed returns. It becomes easy for you to invest a small amount and see it multiply over the years, along with interest. Since most investors have varying financial goals, you need to choose schemes helping you meet your priorities. Time and money are precious. So invest them in the right place to see fruitful results.

The Systematic Investment…

Some situations leave you feeling financially vulnerable. Despite planning your investments and savings, funds fall short of meeting unexpected expenses. In such instances, getting external help is the only way. Now, there are various ways to avail of credit. But the most sought-after option is getting a Personal Loan. It includes beneficial features like quick approval, minimal requirements, quick disbursals, freedom…

Outward Remittance transfers money from their Savings Account to an international account. It means it is the act of sending money to another country. An Outward Remittance is beneficial in many ways. It allows the sender to remit funds overseas easily. So, if they have family or friends abroad, they provide them with financial support. The following are the steps involved in this:

Step 1: Enlist your purpose

For any…

Investing is the best method to let your money work on its own. Hence, most people focus on making lucrative investment choices once they start earning. A Fixed Deposit is a popular choice for Indians due to its safety and guaranteed returns. Hence, every Indian household has some association with the investment tool. This obsession does not die after moving overseas. Therefore, Indian banks offer Term Deposits for Non-Resident Indians.

They are known as…

For a long time, Savings Account has been the preferred way to park funds. But when you deposit funds in this account, it gets used for banking activities. Moreover, banks focus on providing services. Hence, the interest rate takes a back seat. You can only expect a nominal rate for your savings. If you want to earn more, you need an investment tool like Fixed Deposits. They are meant to your surplus funds substantially over a period.

Now, FD Accounts provide immense scope for wealth…

With the late 1990s came a new wave of digitalisation foraying into the banking sector. But it was only in 1999 that Digital Banking became mainstream, as internet charges were reduced and awareness about the online space increased. Today, Digital Banking in India has taken the country by storm. From small-scale businesses to shopping merchants, from the youth to the elderly, everyone is taking to digitalisation rather well. 

With the advancement of a more technologically…

In recent years, Online Banking has emerged as the most popular way to the bank. Thanks to this facility, you can now operate some tasks remotely without physically visiting the bank.

From the online mode, Mobile Banking has emerged as a surprise package. If you are new to Mobile Banking or an old hand, here are the benefits that help you understand what makes this a famous facility. Read to know more about it:

Convenience

Check your account balances,…

When you decide to open a Bank Account, you instantly think of Saving Account. This article guides you through some of the essential features of the account, especially if you open it via an online platform. Read to know more:

No monthly maintenance fees

Service or maintenance fees reduce your savings further. This account does not come with additional charges.

Instant Account opening

Most banks opt for…

India is one of the few countries that offer higher returns on financial instruments globally. A Fixed Deposit is one such instrument. Hence, international investors prefer growing their wealth in India. With the increasing number of Indians shifting abroad, such investments are soaring. This is a specialised account available for Non-Resident Indians known as NRI Fixed Deposit.

You…