You can choose any bank in India to open an account in, be it a private-sector bank or a public-sector bank. By the market share SBI, HDFC, and ICICI Bank are the three top banks that can be considered when looking at the largest banks in India.

To open a savings bank account in a private bank, you will have to make an initial deposit of around Rs 5,000 to Rs 10,000. However, there are some public-sector banks and other online banks where you can open your account without any deposit and get all the banking facilities.

To open a savings bank account in your chosen bank, you will need identity proof, address proof, and a recent photograph. Documents like PAN Card, Aadhaar Card, Passport among others will be needed in the account opening process.

It was all thanks to increased lending, the growth in the economy, digitalization that helped in the growth of the banking sector. Furthermore, banks did run with 50% of their capacity during the lockdowns to help facilitate digitalization and reduce the usage of physical currency.

There are various ways to find annual reports of the company as it is a public information. The places where we can find it are:

  • The company's website
  • Website of National Stock exchange and Bombay Stock Exchange
  • The paid and free information website.

Millionaires do not put their money in one place, they scatter their funds in various investment plans to keep it more secure and to get better returns. They usually put their money in real estate, stocks, bonds, etc.

Personal Finance plays a major role in an individual's life as it is important to manage your finances well. The four main pillars of personal finance is: 1. Earning 2. Spending 3. Saving 4. Debt/Liability.

To understand the tax implications for sending money, it is important to know where the individual is sending the money and for what purpose. As these implications depends on these factors and plays a huge role.

Savings bank account is one of the most popular banking services. There is no maximum amount of money that needs to be maintained. A person is liable to keep any amount of money in the savings bank account.

Yes, gifts are taxable if they are worth more than INR 50,000 but exemptions are also there, so it is necessary to study them if you are planning to gift something. Also the relation you share with the person plays an important role.

Finance is one of the excellent career choices as it as a pool of options available for the candidates and requires different skillset and training. Aspirants can study well and decide where they fit the best.

There is no limitations on the amount of money that can be gift tax free to a family member in India. But, it is essential to check rules and regulations for whom does the clauses apply and whether all kinds of gifts are allowed or not.

Remittance plays a huge role in Indian economy as India is the highest receiver of remittance. In 2020, India received USD 83 Dollar as remittance. Therefore, the maximum amount of money that can be remitted from India is USD 2,50,000.

ICICI Bank is the largest private bank of India, which has its presence all over the World. It has its first office in the USA in the name of ICICI Bank, New York Branch.

You can make 100 dollars a day online by several ways such as running your own blog, making Youtube videos, offering services to others or by selling your unused stuffs online.

Saving Rs. 5000 in 6 months does not need a lot of effort. Creating proper budget along with a few simple daily practices, reducing your debt and investing wisely is the key here.

Student credit card is quite a new concept in India. The concept is getting popular nowadays. Many credit cards are available such as SBI Student Plus Advantage Credit Card, HDFC Bank ForexPlus Card, ICICI Bank Student Travel Card, HDFC Multicurrency Platinum ForexPlus Chip Card and so on are available.

CIBIL is your credit worthiness report. Before giving any loans or credit cards, banks check your CIBIL score to get an idea of you loan repayment capacity.

The list of payment banks in India with headquarters includes India Post Payments Bank, Aditya Birla Idea payments banks, Airtel payments banks, Paytm payments bank and others.

A KRA is mandated to collect and maintain KYC records of investors on behalf of financial market participants registered with SEBI. Computer Age Management System (CAMS) is a registered entity with the SEBI was setup in 1993 as a registrar to Mutual Fund companies and now serves almost close to 60 percent of the industry. Foreign Account Tax Compliance Act is an agreement between India and United states to achieve greater tax compliance between both countries.

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