Always provide a nominee on your bank account
Always remember to put a nominee on your bank accounts. First of all, who is a nominee? Nominee is a person who would be responsible for handling the funds post…
Stock Market Basics: After Market Orders
In this session on stock market basics, we will get to learn how to trade beyond business hours. There are many people like me who don't get to participate during…
Can we make payment to an insurance policy from someone’s account?
The short and the sweet answer to the above query is - NO. Now, the long answer. You can not make payment to your insurance policy from someone else's bank…
How to write a letter to the bank branch manager?
As a branch head, you do expect a decent communication from your customer. But, even if they don't write a letter with decency, they will get their query resolved. However,…
Dormancy on a Demat Account
One of the Demat users recently contacted me. She wanted to enquire about an email that she received in her mail box. The email read as below: Email to alert…
What is a Dmat Account?
Dmat Account! Well that sounds like a bank account. Why not, they both have the same terms account associated with them. But does the similarity ends there? Let's find out.…
What is the intimation notice received under section 143(1) of the IT Act.
I had filed my returns before the last date of filing returns. In fact I did it on December 24, 2021 to avoid the last minute rush on December 31,…
What to ask your banker when apply for a education loan in India
Higher Education is costly these days. After you finish your school education up to 12th standard, you prefer to pursue higher studies in a specialized field. Such fields are also…
Why do some people park excess cash in their Savings bank account?
I have seen a lot of people hoarding a lot of cash in their Savings bank account. The act of hoarding such amount of cash in savings makes no sense.…