Non-resident Indians rely on NRO accounts to deposit money earned in India to comply with regulations. However, these accounts come with minimum balance rules. Failing to maintain the stipulated minimum balance can result in a penalty. While public sector banks ...
The External Benchmark Lending Rate (EBLR) is a financial indicator that has changed how home loans are arranged in India. By connecting loan interest rates to external benchmarks such as the Reserve Bank of India’s (RBI) repo rate, EBLR ensures ...
Major developments in African digital payments have emerged as Flutterwave announces its latest integration with American Express, enabling Nigerian online merchants to accept payments from American Express cardholders. This strategic partnership marks a significant advancement in cross-border commerce for the ...
Thanks to quick approval and disbursal, instant personal loans have become a desired way to meet urgent financing needs. However, a few key considerations must be noted before applying to ensure your loan application gets approved without hassles. Read on ...
Evaluating mutual fund performance is crucial for making informed investment decisions. Among the various metrics, XIRR (Extended Internal Rate of Return) is a key indicator for calculating returns, especially for investments through a systematic investment plan (SIP). This metric provides ...
Managing finances can be a daunting task for small business owners, freelancers, and startups. Accurate accounting is crucial for making informed business decisions, staying compliant with tax regulations, and ensuring financial health. That’s where accounting software comes in—a powerful tool ...
In today’s fast-paced world, making smart financial choices is more important than ever. From budgeting and saving to investing and borrowing, the decisions we make with our money can have a significant impact on our long-term financial well-being. In this ...
AI trading is ensuring fairness and equal access to these powerful tools. AI trading systems could provide an unfair advantage to large financial institutions and the wealthy to develop or purchase the most advanced algorithms. This could further widen the ...
In an age where digital transactions are the norm, automated accounting systems (also known as Autocount) have revolutionised how businesses manage their financial records. These systems offer efficiency, accuracy, and a level of organisation that traditional manual accounting simply can’t ...
Luke Belmar, much like numerous self-made millionaires, originates from humble origins. Coming from a middle-class background, Belmar imbibed the significance of diligence and persistence from an early stage. Despite facing financial limitations, he harboured a resolute ambition to carve out ...