You need not visit the website of each and every mutual fund house. Instead, you can add nominees on Karvy (KFintech), CAMS, and MFCentral websites. Different brokers have different procedures for updating nominee details.
A list of important terminologies, definitions, and examples to make understanding financial content in depth. Accepted Proof of Address Documents in India DocumentDetails / NotesAadhaar CardMust be linked with mobile number for eKYC.PassportAccepted as both ID and address proof.Voter ID (EPIC)Issued by Election Commission of India.Driving LicenseMust
Saving money for gold and Investing money in gold is very straightforward. We have listed an easy guide for you to save money for purchase and investment of gold.
What is a Statutory Liquidity Ratio or SLR?Statutory Liquidity Ratio (SLR) is the essential reserves requirement expected from banks before giving customers credits. It is a minimum percentage that commercial banks have to adhere to in terms of cash, gold, or security. The Reserve Bank of India (RBI) does
This Tax Credit Statement form is an important document for taxpayers. It reflects the total tax paid to the Income Tax (IT) Department by you and much more. From November 2020, this statement includes details about special financial transactions, tax demands, completed and pending assessment proceedings, and refunds. What is
As the end of the financial year comes closer, it is time to look at your tax liabilities and start preparing to file the Income Tax Returns (ITRs). Knowing about the basic rules, income tax slab rates, and exemptions can help you plan your taxes well. Income is classified under
Technological advancement has modified the banking industry and transformed the communication between banks and their customers. Retail banking is changing by the day and traditional banks are facing competition from digital banks that offer access via an Internet-connected smartphone or any other device. Digitization allows you to access banking products
Tax deducted at source (TDS) aims to collect tax from the income source. The collector who has to make a specified payment must deduct TDS and remit this amount to the Central Government’s account. The deductee (from whose payment the TDS is deducted) receives credit for the same amount
With technological development, you no longer need to visit the bank to transfer money from one account to another. Using online platforms, you may now easily execute all your banking transactions via the internet or mobile banking. Although there were some concerns about the safety of digital transfers, the convenience
Form 16 is a certificate issued by employers to their employees. It shows that tax deducted at source (TDS) as per the government norms has been deducted on behalf of the employees. The form reflects a detailed summary of the total salary paid to the employees and the applicable TDS