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WHAT IS CKYC? As per Ministry of Finance (MOF), CERSAI (Central Registry of Securitisation Asset Reconstruction and Security Interest of India) is supposed to perform the record keeping as of CKYCR (Central KYC Records Registry). The body will be responsible…
WHAT IS PAN? The Permanent Account Number (PAN) is a unique code which is issued to all taxpayers in the country. With the help of a PAN, all the tax-related information is recorded against it for a single entity. A…
WHAT IS EPFO? The Employee Provident Fund Organization (EPFO) is a government body under the Ministry of Labour and Employment that manages and runs the Employee Provident Fund (EPF) service for people who are employed. Under this scheme, the employee…
WHAT IS UAN? The Universal Account Number (UAN) is an identification number assigned to both a person and his/her respective employer which enables both to contribute to the Employee Provident Fund (EPF). It is a 12- digit number issued by…
“Do not save what is left after spending, but spend what is left after investing.” – Warren Buffet CEO of Berkshire Hathaway Indian market witnessed a selloff in the last two trading sessions of the week, which pushed benchmark indices…
NFOs or New Fund Offers are the first subscriptions made by fund houses to investors. Like Initial Public Offerings (IPOs), NFOs are launched for a limited period of time. Its primary objective is to raise funds to purchase securities like…
The television industry has been a source of inspiration for quite some time and still has a lot to teach us. Keeping in mind the year goal for 2019 as money saving, we are back with another chapter to your…
SENIOR CITIZEN INCOME TAX BENEFITS: SECTION 80TTB AND OTHERS The budget for the year 2018 panned out really well for senior citizens. With the introduction of a new section 80TTB, the senior citizens are exempted from taxes to a large…
Mutual Funds and Stocks provide attractive investment options to different people with different risk appetites and time on hand. Funds charge you for professional services, yet far more Indians prefer to hold stocks individually over trusting a fund. Here are…
A credit card is a plastic card that is associated with a bank to give you a convenient line of credit when you require it. The sheer variety of credit cards on the market can make the task of selecting…
