ShashankBhaskar's blog

In plain terms, money transfer is the transfer of money from one bank account to another. It may be a physical or electronic transfer of funds from one to another bank account. It may happen in different countries, between the same bank operators, between other bank operators, in the same country. This is the act of moving money from one location to another in the same country or overseas.

The process to transfer funds is electronic. This is the cashless mode of transferring cash from one bank account to another.

How does money transfer work?

If you transfer money from a deposit to a savings account or send money to pay monthly bills, it is beneficial to be able to transfer cash between accounts. Whenever you need to put some advantages over writing cheques and waiting to clear them, be able to make instant payments.

You can use the option of a fast money transfer facility to send funds to your loved ones if you are abroad and need bank remittance.

Speed

Repaying a home loan can be quite challenging if you do not take the necessary steps before applying for one. A home loan EMI calculator is one tool which helps you prepare for the loan before even taking one. Although you use the generic calculator available on the portals of the home loan issuers, it is ideal to use an advanced one. This is what you need to know.

What is an advanced calculator?

Mutual funds, especially equity mutual funds, have been around for a while as a way to invest. In India, their success is nevertheless a more recent trend. This article will help you make sense of what Equity Mutual Funds are and how they help you, specifically.

What are mutual funds?
Mutual fund pools cash from various investors, such as you, and invests it in investment baskets. What is called a portfolio is created by these baskets.

Today, most of the people have direct deposit. They do not have to travel often to the bank because of online banking facilities. In today’s cashless society, people rarely visit ATM’s. Most of their transactions happen online through payment apps and e-wallets. This new trend of digital banking has made it easier for customers to open and access bank accounts conveniently.

Preferred banking usually requires a private banker, only supporting a client with their banking. In general, wealth management focuses on investments, fund management, and other specialist fields. Specialists in wealth management can include tax specialists, insurance specialists, specialists in estate planning, and other specialists on the team.

If you are a non-resident Indian living and working overseas, it is a good idea to opt for NRI services. It helps you to look after the financial requirements of your family living in India. The same thing is applicable if you have earnings in India. There are three kinds of accounts – NRE account, NRO Account, and FCNR.
 

Wealth creation needs discipline, and it gets created over a period, through systematic and meticulous investments. You must start saving from the time you earn and put away the funds in a diverse range of financial instruments so that you can accumulate a massive corpus and fulfil the financial goals. Some of the best investments for long-term wealth creation include PPF, recurring deposits, and mutual funds. So, which is the ideal option?

India's real estate industry has become a lucrative investment destination for Non-Resident Indians (NRIs). In the past few years, the number of expatriates putting their money into the real estate of the country has increased. Also, some of the investment-friendly measures implemented by the new government have boosted investor confidence.

Buying a home is life’s most significant decision, and it is advisable not to make this decision in a hurry. If you have decided to purchase a property and are ready to apply for the finance for buying one? You need to take informed steps to make the right choices at the appropriate time. You should not opt for a housing loan because your relatives or friends advised you to get a loan.