Category: Learn
How five days of banking can promote Digital India
India is a developing country and also the most hard-working country. Usually, NRIs and people living in foreign countries have a five-day work culture wherein they work for five days a week. Most countries offer holidays on Saturday and Sunday for rejuvenation. However, it is not the same in India. Here, except in the IT sector and some PSUs and no other industry offers a…
All you need to know about EASE Next
EASE Next is an initiative launched by the union of the Indian Government and Public Sector Banks. EASE refers to Enhanced Access and Service Excellence. The Indian Banks’ Association had commissioned the EASE Agenda. The Boston Consulting Group was privileged to author the EASE Agenda in January 2018. The PSBs have to undergo reforms from time to time to ensure the proper functioning and financial…
All about EASE 5.0
EASE refers to Enhanced Access and Service Excellence. The Finance Minister, Nirmala Sitharaman, on June 8, launched EASE 5.0, the fifth edition of EASE Next programs that includes a ‘common reforms agenda,’ specifically for Public Sector Banks (PSBs). What does EASE 5.0 include? According to the new EASE 5.0, public sector banks must continue investing in new-age capabilities. They also have to deepen the current…
Tips & Stepwise Guide to Make Maximum Profits from FDs
Tips & Stepwise Guide to Make Maximum Profits from FDs: Often, investors choose fixed deposits (FDs) as a low-risk investment option to park their cash in when they do not have any other options left. With FDs, you earn interest on your money and get it back on maturity after the stipulated time. While this may seem like a low-risk investment option, specific FD rules…
Are Treasury Bills Better than Mutual Funds?
Are Treasury Bills Better than Mutual Funds? Investments are a very crucial part of every person’s life. In today’s world, inflation has hit very hard. With so many expenses daily, you have to concentrate on your savings to protect your family’s future. Do savings alone help in building wealth? No. Savings alone are insufficient for your children’s education, buying or building a home, and managing…
Interlinking Blockchain Technology for KYC process to ease up banking verifications
Interlinking Blockchain Technology for KYC process to ease up banking verifications: Banking regulations vary by country and change over time, but there’s one rule that remains constant across the globe, banks must conduct KYC (Know Your Customer) verifications to be in line with the law. While this process makes it harder for new clients to open accounts, it also prevents money laundering, fraud, and other…
Important Things to Consider Before Buying Health Insurance Policies
There are many different health insurance policies on the market and the ones that will work best for you depend on your circumstances. For example, health insurance covers prescription drugs and hospital visits. Still, some policies will leave out certain types of treatment or may have yearly or lifetime limits that could cost you a lot of money in the long run if you need…
All You Need to Know About The Pros & Cons of Mutual Funds
Mutual Funds are a type of investment tool managed by a fund manager who pools money from different investors to buy securities and divide the returns among the investors. Mutual funds are excellent investment mediums through which you can invest your savings in bulk or every month with SIP. It is one of the most flexible and reliable investment tools, which is beneficial for enjoying…
Important Reasons Why You Should Invest in SIP
Most people consider Finance and Investments as topics of significant risk and bulk money. However, there are investment plans in the country that can help you save loads of money with minimal monthly investments; it is known as Systemic Investment Plan or SIP. SIP refers to an investment plan on athat involves investing fixed money every month for a certain period. The SIP investor will…
What is UPI 2.0 and its Benefits
India is a country with very minimal or weak financial penetration. 70% of the Indian population resides in towns and villages. Due to a lack of literacy and awareness, most people have limited or zero financial knowledge. However, the above scenario took a complete turn with the introduction of the Unified Payments Interface (UPI). Before the introduction of UPI, the dream of Digital India and…
