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What is an IPO? An Initial Public Offering (IPO) is the first offering of company stocks a private company makes to both institutional investors as well as retail investors. Post-IPO a company is no longer considered a private company and…
The Unique Identification Authority of India (UIDAI) was established under the provisions of the Aadhaar Act, 2016. Aadhaar is a system for the targeted delivery of financial and other subsidies, benefits and services. Prior to its establishment as a statutory…
What is a Demat Account? A Demat Account or a Dematerialized Account is an account created to hold stocks in a dematerialized form. The process of converting physical shares to an electronic form is called dematerialization. Electronic settlements of all…
State Bank of India (SBI) was established in 1955 after the Reserve Bank of India, under the provisions of the State Bank of India Act, 1955, acquired a majority stake in the Imperial Bank of India. The Imperial Bank of…
What is Gratuity? Gratuity is an amount paid by an employer to their employee for services rendered over a period of time. Gratuity is usually paid when an employee decides to retire, but if certain criteria are met Gratuity can…
Since inception in 1895, the Punjab National Bank has always been a “People`s bank” serving millions of people throughout the country and also had the proud distinction of serving great national leaders like Sarvshri Jawahar Lal Nehru, Gobind Ballabh Pant,…
What is a credit score? A credit score is a grading given to you to denote your creditworthiness. A Credit Score can range between 300 to 900, 900 being the highest. Having a good credit score is very crucial when…
The Pradhan Mantri Vaya Vandana Yojana (PMVVY) was announced by the Government of India as a scheme targeted at individuals aged 60 years or above. The Pradhan Mantri Vaya Vandana Yojana scheme will be available between 4th May 2017 and…
The internet has made things much faster in almost every sphere, this includes payments for services. Going directly to a branch to pay your insurance premium is soon going to become a thing of the past. The Life Insurance Corporation…
On the 26th of September 2018, the Supreme Court passed a verdict making it mandatory to link your Aadhaar to you PAN to file for Income Tax Returns. The last date to link your Aadhaar to your PAN is 31st…
