GST is the short form of Goods and Services Tax which is an indirect tax levied on consumer products and services. It has been a great reform on the tax system of India. In order to eliminate the tax over tax on goods and services, it is introduced.
MICR Code is Magnetic Ink Character Recognition. Will be published soon…
IFSC Code brief explanation
IFSC Code is Indian Financial System Code, which is an eleven character code assigned by RBI to identify every bank branches uniquely, that are participating in NEFT system in India. This code is used by electronic payment system applications such as RTGS, ,National Electronic Fund Transfer and CFMS.
Car Insurance Guide
Car insurance is useful to protect your vehicle against damages incurred in unavoidable instances. It is a common type of general insurance and also known as motor insurance or vehicle insurance. This insurance plan covers against your car theft, fire, explosion, financial loss caused by accidents and any subsequent potential liabilities. The insurance premium value based on some criteria’s like car value, coverage type, excess voluntary, classification of vehicle etc. Car insurance can give the confidence while driving peacefully. In case any emergencies, it will acts like a helping hands to the insurance holder.
Forex Trading Introduction
Forex (Foreign exchange) trading is known as trading different countries currencies each other which means buying and selling currencies/money. This can do through broker or online by choosing currency pair. The value of world currencies fluctuating in all times and don’t have a fixed exchange rate. The investments of forex trading deal with four major pairs. They are Euro against US dollar (EUR/USD), US dollar against Japanese yen (USD/JPY), British pound against US dollar (GBP/USD), US dollar against Swiss franc (USD/CHF).
Term Insurance Guide
Term insurance is a pure life cover low cost insurance with high risk cover at fixed payments for a limited period of time(such as 10, 20, or 30 years). When compared to permanent life insurance, initially term insurance is less expensive and high returns. By given period of time term life insurance provides a better amount of protection against the death of an individual. Peoples who are looking for insurance plan on short term basis can get more benefit from term insurance.
Health Insurance Guide
Health insurance is a medical insurance which covers the risk of your medical expenses. This insurance policy is contract between peoples and insurance company. Health insurance policy can helps in all severe emergencies to make safe and secure from bearing financial loss. It can covers an individual or entire family and giving income tax benefit under section 80 D. The coverage of health insurance is basic coverage, sickness, accident, specific health plans and critical illness plan.
Personal Loan Guide
Personal loan is not a secured loan which means it doesn’t need any collateral/security. It can be available for any personal use like expenditure of wedding, buying consumer durables and any purpose. The personal loan amount can be ranged from Rs. 50,000 to Rs. 20 lakhs and repaying duration of loan varies from one to five years.
Home Loan Guide
Home loan is a secured loan which is given by bank with some interest rates for personal or commercial properties. The main condition of borrowing home loan is the concern person must be ownership against property/security intended. Because, if the loan borrower left to pay back to the loan means bankers will retrieve balance amount by selling that property.