Discover India

15Oct/070

Talking about insurance

The main purpose of insurance is to provide money to your dependents in the event of your death. Also, insurance and in investment should be treated separately. You can seek for a pure term cover for insurance purpose and then opt for a mutual fund scheme for capital building or retirement. You can get rid [...]

Filed under: Bank Accounts No Comments
15Oct/070

Mutual Fund

A mutual can be related to a company that collects money from many investors and this total collected fund is invested on behalf of the group. Mutual fund uses the principle of pooling money from various investors and thus investing in financial instruments such as bonds, stocks etc. In mutual fund, the money is raised [...]

Filed under: Bank Accounts No Comments
15Oct/070

Pension Fund

A Pension Fund is basically designed towards retired people. A Pension Fund creates an opportunity to pay people income after retirement. The pension fund is a collection of funds used to provide pensions for employees, once they reach the end of their working years and start their retired life. This fund is established by an [...]

Filed under: Bank Accounts No Comments
15Oct/070

Unit Trust

A Unit Trust is an investment plan which enables all investors to contribute their funds collectively. These funds are then invested in various investment opportunities and the investors enjoy great returns. The funds which are pooled and invested are divided into units and are valued on the bases of the market value. In Unit Trust, [...]

Filed under: Bank Accounts No Comments
19Sep/070

All about Phishing

The term “Phishing’, relates to the method of capturing confidential information over the internet, through fraudulent ways. In other words, the fraudster tries to initiate the internet user in various ways to trick him and acquire his personal information such as his username, password, his bank accounts personal identification numbers banking username and password, credit [...]

Filed under: Bank Accounts No Comments
19Sep/070

Direct Deposit

Direct Deposit is an electronic paying method whereby the employees receive their salary directly into their bank account. A special agency is involved in handling the payroll system. Basically, the pay of the employee is directly transferred into his concerned bank account through electronic fund transfer facility. This facility of direct deposit is safe, fast [...]

Filed under: Bank Accounts No Comments
19Sep/070

Telephone Banking

Telephone banking is an automated system provided by the bank in order to access your bank account information by using the tone type telephone. This type of telephone banking system allows you to get access to your bank balance and make necessary transactions. As soon as you dial the dedicated telephone number of the bank, [...]

Filed under: Bank Accounts No Comments
9Sep/070

What is Branch Banking?

Today’s branch banking concept has come up in a new way, all together. In good old days, a customer had to visit the concerned branch of the bank, personally and perform his necessary banking activity. In those days, personally visiting the branch was the only way of access your bank. There were long queues and [...]

Filed under: Bank Accounts No Comments
31Aug/070

What is Online Banking?

Online banking is the hottest method of dealing with your banking related transactions. Online banking or net banking as so called, allows you to access your banking by using your computer with an internet access. With this online banking concept, you can manage your finances from the comfort of your home. You can check your [...]

Filed under: Bank Accounts No Comments
31Aug/070

What is money market deposit account?

A money market deposit account is mainly opened with the aim of investing your savings in the money market world. A money market deposit account is also called as a deposit account. It is similar to a savings account. But unlike a savings account, a money market deposit account has certain restrictions with regard to [...]

Filed under: Bank Accounts No Comments