The word ‘rupee’ has been derived from the Sanskrit word rupyakam, meaning a silver coin. It owes its origin to rupiya, issued by Sher Shah Suri in 1540-45. Today, the Reserve Bank of India issues currency under the RBI Act 1934. The first currency (bank) note of Rs 5 was issued by the RBI in […]
Banking
Where all Aadhaar is needed to be linked? | Supreme Court’s latest Judgement
Aadhaar card has become a hot topic of discussion in India. Government of India is linking each and every aspect of life to Aadhaar, be it your PAN, Bank account, EPF UAN, Mutual Fund Folios, Demat Account, Insurance Policies, Mobile Number, Govt Subsidies (like LPG), Death Certificate etc., However, the Supreme Court has earlier extended the March […]
RBI’s statistical data on Indian Households Savings & Investments (2017-18) | How & Where do we save & invest?
The Reserve Bank of India (RBI) has released the latest volume of its annual statistical publication, ‘Handbook of Statistics on the Indian Economy – 2018‘ on 15th Sep, 2018. Through this publication, the Reserve Bank has been providing time series data on various Economic and Financial indicators for the Indian economy. You can find lot […]
How to check if a Company can collect Deposits from the Public? (Company FD Schemes)
In India, Fixed Deposits or any kind of Schemes where an investor gets fixed rate of interest become an instant hit. Small time investors get attracted to high interest rates offered by the Companies/Entities and invest their hard-earned money in Deposits Schemes (Collective Investment Schemes). In recent years, investors have started taking a hard look at Company […]
12 Golden Rules To Ensure Safe Online Payments!
With the Indian e-comm space on a constant spree of expansion and acquisitions, more and more Indian consumers are shifting away from the traditional way of shopping at brick and mortar stores to shopping at these online virtual malls. This, along with demonetization has led to a sudden rise in the number of digital payments […]
Can a Mortgaged property be Gifted, Willed or Inherited?
Real Estate Property is one of the most sort-after investment options in India. The growth in disposable income, demographic changes such as the growing number of nuclear families, a rise in double income earning families, higher income levels within the urban population, the access and availability of bank finance (Loans) are driving the housing demand […]
