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Types of Fixed Deposits in India

In India, we have various types of fixed deposit schemes. An investor can choose based on their personal and financial needs. Let’s discuss the types of deposit schemes here. Standard Fixed Deposits A fixed sum of money is deposited for a certain period of time and a certain interest rate is provided

Savings account for Non-resident Indian (NRI)

Non-resident Indians are people of Indian birth who live outside India. There are two types of Saving accounts available for NRI. They are NRE and NRO account. NRE Account NRE Account allows the account holder to deposit funds from foreign earnings / transferred foreign earnings to India. The funds are converted to

Sovereign Gold Bond Scheme 2018-19: Important dates, Tax benefits and Documents required

Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds every month from October 2018 to February 2019. The Bonds will be denominated in multiples of gram(s) of gold with a basic unit of 1 gram. Important dates S.No. Tranche Period of Subscription Date of Issuance 1 2018-19 Series II October 15-19,

Membership categories in The International Organization of Securities Commissions (IOSCO)

The International Organization of Securities Commissions (IOSCO) was created in 1983 with the decision to change from an inter-American regional association (created in 1974) into a global cooperative body. Eleven securities regulatory agencies from North and South America took this decision in April 1983 at a meeting in Quito, Ecuador. Today

What is Double Entry System? its Merits and Limitations

Luca Pacioli the Italian mathematician

Double entry system of accounting is more than 500 years old. In 1494, an Italian mathematician Luca Pacioli published Summa de Arithmetica, Geometria, Proportioni, et Proportionalita (“Everything about Arithmetic Geometry and proportions”). This is the first book that described a double entry accounting system. This system of book-keeping has emerged in

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