https://www.123articleonline.com/rss/author/251224/shashank-bhaskarArticles written by Shashank Bhaskar from 123ArticleOnline.comen-usCopyright (c) 123ArticleOnline.com All rights reserved. https://www.123articleonline.com/articles/1232932/4-reasons-why-you-should-consider-investing-in-elss-funds People belonging to different economic strata of society wish to build a pool of savings by investing in various assets, commodities, and financial products that guarantee returns. https://www.123articleonline.com/articles/1236295/5-reasons-why-you-need-internet-banking-facilities-with-your-nri-account If you are an aspiring Non-Resident Indian and seeking to shift to a foreign country in the future, you should make sure to manage your finances properly. https://www.123articleonline.com/articles/1115916/5-tax-saving-mistakes-every-taxpayer-must-avoid It is that time of the year when you look out for tax saving investments options to minimise your tax. Last-minute rush to save taxes could see you losing out the tax exemptions and many other mistakes. This could harm your financial health in the long run. https://www.123articleonline.com/articles/1323920/6-points-to-consider-when-transferring-money-from-canada-to-india The Reserve Bank of India's Liberalised Remittance Scheme allows resident individuals to transfer foreign currency of a maximum of USD 250,000 or equivalent in an Indian financial year. According to the World Bank, India holds the top position in receiving money from other countries because many Indians reside in the USA, UAE, Saudi, Canada, etc. https://www.123articleonline.com/articles/1309122/6-ways-to-send-money-to-india-from-overseas Everyone wants their family members to be financially secure. This desire stays consistent even when you move overseas. It urges you to send a chunk of your income earnings to your loved ones back home. But while making such transfers, you face certain challenges. Conversion loss, high processing fees, exchange rate mark-ups, etc., are just a few examples. https://www.123articleonline.com/articles/1352600/a-step-by-step-guide-to-transferring-money-from-india-to-canada here is a guide on transferring money from India to Canada https://www.123articleonline.com/articles/1159527/advantages-and-disadvantages-of-multiple-savings-account Do multiple savings accounts really suit your requirements? Ever questioned what the advantages of having multiple savings accounts are? Well, it has its own pros and cons. https://www.123articleonline.com/articles/1290369/all-you-need-to-know-about-mbanking The current times are rapidly evolving into a digital world. Following the global lockdown, many businesses, including the banking industry, have started rethinking their processes. https://www.123articleonline.com/articles/1231700/an-overview-of-private-banking Apart from the government, private banks are owned by partners or individuals and shareholders who hold a majority stake. https://www.123articleonline.com/articles/1334011/arogya-sanjeevani-policy-an-affordable-health-cover Every now and then the Centre keeps rolling out new policies and programs directed towards the welfare and betterment of the people of the country across various domains and industries. https://www.123articleonline.com/articles/1315950/aspects-about-nre-accounts-you-should-know Many move abroad in search of a better future. Some decide to make the most of the opportunities provided by their organisations, while others migrate to foreign lands at their expense. You can decide to seek citizenship in the country you relocate to or move back to India after a few years. Making money and creating savings is the primary reason people choose to go abroad. https://www.123articleonline.com/articles/1321255/benefits-of-choosing-money-transfer-services-to-india-from-canada It is quick and simple to send personal remittances from abroad to recipients in India through money transfer services. https://www.123articleonline.com/articles/1164961/equity-fund-investments-a-detailed-guide Many novice and seasoned investors rely on mutual fund to generate an additional source of income and create a corpus in the long term. https://www.123articleonline.com/articles/1305892/everything-to-know-about-recurring-deposits Deposits promote the habit of saving and instil financial discipline. They also provide monetary assistance during emergencies. It allows you to withdraw them any time you want quickly. You can also extend the deposit tenure if need be. Hence, in simple terms, deposits are flexible investment options. https://www.123articleonline.com/articles/1358299/factors-to-consider-before-performing-an-international-money-transfer-from-india-to-canada Performing an international money transfer from India to Canada requires careful consideration of various factors to ensure a smooth, cost-effective, and secure transaction. Whether you send money for business or personal purposes, understanding these factors helps you make informed decisions. Let us consider some key factors before doing so https://www.123articleonline.com/articles/1285151/fastest-ways-to-remit-money-to-india In recent times, many Indians have migrated to the US. While some have moved for work, others wish to pursue further studies. Hence, a secure medium is required for money transfers to and from India. https://www.123articleonline.com/articles/1367420/frequently-asked-questions-about-outward-remittance-from-india Outward Remittance are the transfer of funds by an individual or business in India to a recipient in a foreign country. It serves as a way to send money abroad for various purposes, such as family support, education, investments, etc. https://www.123articleonline.com/articles/1159586/how-are-equity-funds-categorised When it comes to mutual funds, most investors prefer to invest either in equity or debt funds. Equity funds are those that aim to generate higher returns. https://www.123articleonline.com/articles/1303023/how-can-self-employed-individuals-get-personal-loans For a long time, self-employed people had to face disappointment that was caused due to multiple Loan rejections. Most lenders would not consider offering Personal Loans to them due to the lack of fixed monthly income. However, things are changing today, with several youngsters becoming freelancers and entrepreneurs. Lenders are now offering a Personal Loan for the self-employed. They get passed with minimal documentation. https://www.123articleonline.com/articles/1232900/how-can-you-benefit-from-nri-mutual-fund NRIs can invest in India's mutual funds if they adhere to the Foreign Exchange Management Act (FEMA). https://www.123articleonline.com/articles/1170296/how-digital-banking-has-made-life-simpler-and-uncomplicated We live in a digital age. It refers to the current modern-day scenario where almost everything is available with the click of a button. https://www.123articleonline.com/articles/1262165/how-do-debit-cards-explain-the-importance-of-money-to-youngsters A good parent does not mean when the child gets a better salary in a big company or when their child holds higher values. https://www.123articleonline.com/articles/1235840/how-important-is-a-savings-account-in-our-daily-lives Even if you do not have specific financial goals, you can have a savings account if you earn money. https://www.123articleonline.com/articles/1328362/how-to-claim-car-insurance-during-accidents According to the Motor Vehicles Act of 1988, all car owners must buy an insurance policy to legally use their vehicle on Indian roads. https://www.123articleonline.com/articles/1347653/how-to-design-your-1bhk-flat-in-mumbai-tips-tricks Owning a house that we can call our own is a proud feeling and an achievement for all of us. When it comes to having our own place https://www.123articleonline.com/articles/1305843/how-to-determine-mutual-fund-investment-tenure Mutual Funds are a scheme that pools money from numerous investors and invests them in Equities, Debts, or both. It is the finest market-linked investment that allows you to earn profitable returns quickly. The minimum Mutual Fund Investment tenure is a day, while the maximum investment period is perpetual. Most investors invest for as long as 20 years. The investment period depends on the type of investor, risk appetite, and financial goals. https://www.123articleonline.com/articles/1295364/how-to-prepare-for-online-risks-associated-with-savings-account The level of online risks using technology to illegally remove money from a Bank Account or transfer money to an account in a different bank is rapidly increasing. https://www.123articleonline.com/articles/1344419/how-to-use-your-mobile-banking-app-safely Banking is now more accessible, convenient, and easy due to Mobile Banking apps. We can manage our accounts, pay our bills, complete online transactions, and handle all our financial needs through these apps. You probably already use them to handle your daily transactions and payments. However, Mobile Banking can sometimes be vulnerable owing to online fraudulent activities. https://www.123articleonline.com/articles/1344418/interesting-reasons-behind-the-popularity-of-online-banking With a lot of focus on Online Banking, it is surprising that in 1995 only one bank enabled online account access and around 1996 only six banks had interactive websites. Nowadays, it is advantageous to have different Bank Accounts online. https://www.123articleonline.com/articles/1285099/international-money-transfer-tips-for-nris Staying overseas changes a lot of things. You follow a new legislative system and become a part of a foreign economy. But this does not change your family ties back home. As a Non-Resident Indian, you continue to have financial connections back home. To keep this intact, regular inflow and outflow of cash become necessary. Here, avail of Remittance services. Now, several banks and financial institutions offer services to transfer money overseas. https://www.123articleonline.com/articles/1312491/is-it-safe-to-invest-through-sips Investments play a pivotal role in building our wealth. They help us secure our future and achieve monetary objectives. But many people shy away from them. They only think of the risk aspect of investing money. As a result, they limit their financial potential. https://www.123articleonline.com/articles/1367421/key-benefits-of-online-money-transfers-from-india-to-canada When you want to transfer money from India to Canada, you need to carry out an Outward Remittance. You can send Remittances to cover hotel bills, the cost of education overseas, etc. While there are several ways to transfer money overseas, online money transfer is the simplest mode. https://www.123articleonline.com/articles/1285100/learn-the-steps-for-making-outward-remittance As the world connects often, it is increasingly common for people to shift overseas. Besides carving out a career, most ex-pats frequently choose to Remit money back home. The typical reasons include supporting family, paying business expenses, meeting emergencies, making investments, etc. https://www.123articleonline.com/articles/1312298/money-transfer-to-india-fees-and-associated-charges Remittance is a banking activity that every non-resident Indian carries out regularly. Whether helping a loved one in emergencies or sending money for celebrations, online Remittance can do it all. Knowing about the fees associated with a fund transfer is essential. Here is a break-up for better understanding: https://www.123articleonline.com/articles/1170590/nri-home-loans-a-detailed-guide When we sit down to enlist our life goals, we often put buying a home at the top of the list. But in order to fulfil this goal, you may need to apply for a home loan. Lenders provide a principal loan amount and levy an interest rate. The loan can be repaid in pocket-friendly EMIs. These loans are provided to resident as well as non-resident Indians (NRIs). Here a detailed guide on NRI home loans. https://www.123articleonline.com/articles/1372503/reasons-for-delayed-overseas-fund-transfers Online Remittance is one of the ways. You can initiate a transfer by completing a simple procedure that takes a few minutes. https://www.123articleonline.com/articles/1362661/reasons-to-transfer-money-from-india-to-the-usa if you want to transfer money from India to the USA, you can do so for the following reasons https://www.123articleonline.com/articles/1352602/security-measures-to-consider-when-doing-online-money-transfer Online Money Transfer services and apps have grown due to the comfort, quickness, and affordability it offers. Furthermore, these services have become popular recently. So, it becomes crucial to consider the following security measures to ensure your online Money Transfers are safe, reliable, and secure: https://www.123articleonline.com/articles/1290509/smart-ways-to-achieve-financial-goals From buying a flat to driving a car, everyone has their financial goals to achieve as soon as possible. https://www.123articleonline.com/articles/1285101/some-low-cost-ways-to-send-money-internationally Sending money overseas was an unimaginable possibility a few decades back. But thanks to technology, global distance is no more a hindrance to exchange funds internationally. Today, you get different channels like cash, cheques, Bank Drafts, Money Orders, etc., for Remittance. They all have distinct advantages and terms. Most people ignore this and randomly pick a method for transfer. https://www.123articleonline.com/articles/1295326/steps-to-money-transfer-from-the-us-to-india Most Indians shift abroad to pursue higher education or career opportunities. One of the most popular destinations in the United States of America. Hence, the greatest number of fund transfers get initiated from the US. Thanks to the internet, global connectivity has reached new heights. You no longer need to wait to transfer funds to India. The speed and convenience have increased owing to robust channels. https://www.123articleonline.com/articles/1308636/steps-to-open-a-bank-account-online Opening Bank Accounts have become easier today. You need not visit the bank with originals and photocopies of your documents. You can open a Bank Account from the comfort of your home by opting for Digital Banking. While you can conduct all transactions, you can do away with the long bank queues for any transactions. Following are the steps to follow for opening the account online. https://www.123articleonline.com/articles/1120164/switching-to-mobile-banking-enjoy-these-9-services Ever since the internet has taken over every industry, the banking genre has seen a major facelift. Before the advent of internet, people had to visit the bank personally to conduct different financial transactions such as checking account balance, moving funds, etc. For this purpose, they had to stand in long queues and wait for their turn to arrive. https://www.123articleonline.com/articles/1352601/the-dos-and-donts-of-sending-money-abroad here are the dos and don'ts of sending money abroad, along with the tips https://www.123articleonline.com/articles/1312494/the-process-of-linking-a-mobile-number-with-a-bank-account When you open an account, the bank needs you to fill out personal details like your name, address, mobile number, and email address. The bank registers your mobile number and sends a notification every time you make a transaction. These notifications allow you to track your transactions and alert you in case of fraudulent activities. Hence, link your mobile number to your Bank Account. https://www.123articleonline.com/articles/1358300/the-rise-of-digital-remittance-services-and-their-advantages Over the years, there has been a rise in the popularity and adoption of digital Remittance services. These services have revolutionised how people send and receive money across borders, offering numerous advantages over traditional methods. Let us explore the rise of digital Remittance services and the benefits they provide. https://www.123articleonline.com/articles/1349898/the-role-of-kinesio-taping-in-treating-common-injuries When it comes to treating common injuries, finding effective and non-invasive methods is crucial. Kinesio Taping is a technique that has gained popularity for its therapeutic benefits in injury management. https://www.123articleonline.com/articles/1362660/things-to-consider-when-transferring-money-to-canada With people moving and settling down overseas to study, there has been a steady rise in remittances worldwide. The last few years have also seen several individuals moving abroad for higher education. Similarly, Canada sees large groups of Indian students going to the country to continue their higher education. Some may even settle down in the country. https://www.123articleonline.com/articles/1372501/things-to-know-about-money-transfers-from-canada-to-india You can initiate an online Remittance within minutes. You can be assured of 100% credit of funds within the shortest possible time frame. The following are things to consider before making International Money Transfers https://www.123articleonline.com/articles/1304081/tips-for-effective-nri-account-management As you step out of India to make a living abroad, you attain the status of Non-Resident Indian. This changes a lot of things for you. You now get regulated under foreign law and have distinct privileges. It does not mean you lose connection with your home country. You still have financial obligations back home. Moreover, some NRIs prefer managing investments in India. Banks provide specialised financial products for these purposes