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Passport Renewal in India

Passport renewal is one thing most of us tend to forget, especially if we are not frequent travelers. Since it is almost March and most of us are planning a vacation, renewing your passport is important to avoid any last-minute…

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Sensex Rally Explained

After a period of underperformance against global markets in January and February, Indian markets are back with a strong rally in March. Yesterday, the Sensex closed 1.3% higher at 37,535 driven by gains in banking stocks. The Sensex is up…

General, Investments

General Elections and the Market

Impact of General Elections on the Market General Elections in India are due to take place between April 11th and May 19th, 2019 to constitute the 17th Lok Sabha. If history is an accurate guide, then this is an appropriate…

General, Investments

Simply Save by Piggy

What is Simply Save? Simply Save is a great way to save your unused cash. With Simply Save you can make a saving of as little as Rs. 100 and get better returns than other Savings Accounts. Simply Save lets…

General

Indian Financial System Code (IFSC)

Indian Financial System Code (IFSC) The IFSC is an 11-character alpha-numeric code given by the Reserve Bank of India (RBI) to all the banks and their branches. The first four letters of the alphanumeric represent the bank, the next digit…

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What is an IPO?

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…

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UIDAI: Developers of India’s Targeted Delivery System

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…

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DEMAT Account

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…

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SBI Online

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…

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