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How new interbank forex card from BookMyForex cuts charges to the lowest
How new interbank forex card from BookMyForex cuts charges to the lowest [ad_1] Any foreign travel has traditionally involved a good amount cost being incurred on just foreign currency conversion be it hard currency, traveler’s cheque, forex card or international debit or credit card. Whether it is occasional traveler or frequent traveler, the forex conversion cost always weighed heavily on ...
Read More »NIFTY at a record new high: What are the critical equity market numbers indicating?
NIFTY at a record new high: What are the critical equity market numbers indicating? [ad_1] NIFTY scaling a new high is a moment to celebrate for all equity investors, however, it is also the time to review your investment portfolio on where it stands and does it need some realignment. To make the next move right, equity investors need to ...
Read More »What to do if your NPS account becomes inactive
What to do if your NPS account becomes inactive [ad_1] Individuals can open pension accounts online under NPS by selecting Aadhaar based, or by providing PAN, KYC based details. A subscriber must pay a minimum initial contribution of Rs. 500 for Tier I and Rs. 1000 for Tier II at the time of registration, followed by a yearly contribution based ...
Read More »RBI Digital Rupee: What is RBI Digital Rupee? Important features, how it is different from cryptocurrency
RBI Digital Rupee: What is RBI Digital Rupee? Important features, how it is different from cryptocurrency [ad_1] The Reserve Bank of India (RBI) has announced the launch of the first retail digital Rupee (e₹-R) pilot on December 1, 2022. According to the RBI press release dated November 29, 2022, here some important points to know about digital Rupee (e₹-R) pilot: ...
Read More »Money mule scams: What is it, how to avoid it
Money mule scams: What is it, how to avoid it [ad_1] According to the Canara Bank website, “A money mule is someone who transfers or moves illegally acquired money on behalf of someone else, for short term profits/ gains. Criminals recruit money mules to help launder proceeds derived from illegal activities. Some money mules know they are supporting criminal enterprises; ...
Read More »Rupee gains 17 paise to 81.55 against US dollar ahead of GDP data
Rupee gains 17 paise to 81.55 against US dollar ahead of GDP data The rupee appreciated 17 paise to 81.55 against the US dollar in early trade on Wednesday on broad dollar weakness and a positive trend in domestic equities. At the interbank foreign exchange, the domestic unit opened at 81.63 against the dollar, then gained ground ...
Read More »Retail e-rupee pilot begins today: Here’s what you can expect from it
Retail e-rupee pilot begins today: Here’s what you can expect from it The Reserve Bank of India (RBI) will launch the first pilot for the retail version of the Central Bank Digital Currency (CBDC) tomorrow, December 1, exactly a month after it started a pilot for the digital rupee-wholesale segment. Let’s look at the fine print of the roll-out: ...
Read More »Cross-border rupee trade: FinMin, bank heads to meet on December 5
Cross-border rupee trade: FinMin, bank heads to meet on December 5 The Finance Ministry has called a meeting of CEOs of banks, including top six private sector lenders, on December 5 to discuss ways to promote cross-border trade in the rupee instead of the US dollar. Besides, sources said the meeting to be attended by other stakeholders, ...
Read More »ESAF Small Finance Bank plans to set up Asset Hubs across India: Official
ESAF Small Finance Bank plans to set up Asset Hubs across India: Official ESAF Small Finance Bank has planned to strengthen presence of its Asset Hubs across the country aimed at serving the small and medium enterprises and agriculture segments, a top official said on Tuesday. Asset Hub offered by ESAF Small Finance Bank is a specialised ...
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