Earlier when Power of Attorney (POA) was mandatory for opening a Demat Account through a broker, people would have to sign a huge number of pages, and sometimes, the customers would not even read...
Money Market Fund (MMF) is a Mutual Fund investment involving low risk. Here, the investment goes into cash, short-term debt instruments, and likewise. These deal only in cash equivalents and are open-ended in the...
An Employee Stock Ownership Plan (ESOP) allows employees to acquire shares of the corporate stock. The selling shareholder (sponsoring company) and employees participating in the plan even receive tax benefits. ESOPs are also a...
Does closing a credit card affect your credit score? Yes, it does depend on how you use the credit limit, the outstanding balance, the number of credit accounts, their lengths, and other factors. But...
A credit card helps you tackle unexpected expenses. You can use a credit card for transactions for which you do not have finances in hand. On the credit card balance, you pay certain fees...
Your employment status and work history are important when it comes to your personal loan approval. As a personal loan is an unsecured credit, banks rely heavily on your repayment capacity before sanctioning the...
The Finance Minister of India, Nirmala Sitharaman presented the ‘paperless’ Union Budget 2022-23 India, today at the parliament. The budget primarily focused on infrastructure, healthcare, and rural demand, along with a focus on ‘Amrit...
IPO or Initial Public Offering is a process, wherein a corporation or company, which was earlier privately-held, goes ahead for public investment. The company in question is known as an issuer and sells a...
Credit Card statements reveal information of your purchases, outstanding dues, charged interest, credit limit used/left, and so on. You will receive the statement every month. But for how long should you maintain these records?...
Options Trading is also known as Derivatives Trading. It is a form of contract using which you get the right to buy or sell stock at a fixed price. This price is already pre-determined...
If you return a product or service purchased on a credit card, you will usually lose the points earned on the purchase. You may get the money back as a refund. But the number...
