Banking Archives - Page 2 of 7

Bharat Aadhaar Seeding Enabler (BASE): Seeding/ LInking Aadhaar with Bank Account Online

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Bharat Aadhaar Seeding Enabler (BASE) is a government of initiative to provide digital access to the Aadhaar Seeding of individual. This innovative platform empowers residents to link their Aadhaar numbers with Banki account of customer choice in a secure and efficient manner. Let’s understand what BASE is, why it matters, and how it helps streamline […]

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Banking Codes and Standards Board of India (BCSBI): Objectives, Functions & Importance

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The Banking Codes and Standards Board of India (BCSBI) was established in February 2006 as an independent and autonomous body registered under the Societies Registration Act, 1860. It was formed based on the recommendations of the Committee on Procedures and Performance Audit of Public Services chaired by Shri S.S. Tarapore (former Deputy Governor of RBI).

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Documents Required for Opening Bank Account for Trust, Unincorporated association, Society / Association / Club, Hindu Undivided Family (HUF)

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Opening a bank account is essential for financial management and transparency, especially for non-individual entities like Trust, Societies, Hindu Undivided Families (HUFs), Clubs, and Unincorporated Associations. Indian banks follow KYC (Know Your Customer) norms set by the RBI, which require submission of specific documents. This guide will help you understand the documents required to open

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Capital Gain Tax Rates in India: Types, Rates, Exemption

National Pension Scheme: Eligibility and Benefits

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Retirement planning is a crucial aspect of financial security, and the National Pension Scheme (NPS) is one of the most popular retirement-focused investment options in India. Launched by the Government of India in 2004, the NPS is a voluntary, long-term retirement savings scheme designed to provide financial stability during old age. It is regulated by

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Benefits of Credit Card: Why They Are a Smart Financial Tool

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Credit cards have become an essential part of modern financial management. When used responsibly, credit card offer convenience, rewards, and a host of financial advantages. This article explores the various benefits of credit cards and how they can enhance your financial flexibility. 1. Convenience and Safety Credit cards eliminate the need to carry large amounts

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Unsecured vs. Secured Loans: Purpose and Key Differences

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When considering borrowing options, you’ll come across two primary types of loans: secured loans and unsecured loans. Understanding their purpose and differences is crucial to making informed financial decisions. This article breaks down both types of loans, highlighting their uses and the key distinctions between them. What Is a Secured Loan? A secured loan is

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