Debit cards are issued by the banks to its customers. The card allows instant purchase and withdrawal of money from account using ATM’s. Debit cards are different from credit cards in the way they allow purchase based on funds available in the account unlike credit cards which uses a line of credit that can be… Read More »
Loans that are offered to a relative or a friend are called as crown loans. This type of loan does not hold any hard or fast rules on the borrower, generally a person well off in the family offers such loans to the one who is struggling for financial assistance to build his house, business,… Read More »
It was a pleasant morning that day when I decided to go for a walk; it had been almost twenty years then since I left my home town. I had settled in the city 500 kilometers away from my village. I had always dreamt of living in my village for the rest of my life… Read More »
In the eastern coast of the country lived a farmer totally dependent on agriculture for his living. He owned some land where he harvested rice and wheat. He was struck by heavy losses for some years where he happened to lose a lot of money. He tried to borrow money from his friends to start… Read More »
A bank account has become more of a necessity than a comfort or luxury these days. A bank account and its related features have become an essential part of an individual, especially, a salaried individual. The purpose could be for individual transactions, personal loan or home loans, educational loan or repayment of a loan through… Read More »
Lump Sum is a single payment, for the total amount due, as opposed to a series of periodic payments. In general, a lump sum is a single payment which gives all of the benefits owed to the person in single go. Lump sum payments can be seen in cases of retirement benefit packages, court-ordered financial… Read More »
Mahanagar Co-operative Bank Ltd. was established by the people in Ahmednagar District in the name of “The Ahmednagar Sahakari Bank Ltd.” on 6th October 1973. The bank changed its name from “The Ahmednagar Sahakari Bank Ltd.” to “The Mahanagar Co-operative Bank Ltd” and the new name came into force with effect from 21st January, 1998.… Read More »
Bharat Co-operative Bank (Mumbai) Limited which was established in 1978, now has a customer base of more than 12 lakhs. The Reserve Bank of India has conferred scheduled status to the Bank on 22nd April, 1996 and the Bank subsequently registered as Multi-State Scheduled Co-operative Bank on 26th September, 1997. Today the Bank has 36… Read More »
Budget 2011-12 has given a marginal benefit on the tax slab for individuals. However the benefits for very senior citizens are higher. However the expectations that there will be changes in the investment avenues and their slabs have not been met.
Last year our Finance minister experimented with the direct transfer of subsidies for a few agricultural fertilizers excluding urea. This has been found to be very successful in ensuring that the benefits are accrued by the actual farmer who ultimately uses the fertilizers and not the intermediaries.