Like NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement) systems for transferring funds from one account to another in India, international funds transfer can be caried out using wire transfer service that happens through SWIFT network. SWIFT ...
China has emerged triumphant among the world’s most powerful nations in the race to develop a central bank digital currency (CBDC). Following the conclusion of the DC/EP trial in September, the Asian behemoth has started to roll out digital currency ...
Owing to affordability and coverage provided by the term plan, it has acquired massive popularity among those who look towards securing the financial future of their dependents. Unlike pure life insurance plan, though life insurance term plan does not come with ...
The COVID-19 pandemic has been an unprecedented challenge for internal auditors within financial service institutions. Read this post to know more about the impact of the pandemic Thinking ahead is crucial for internal auditors to remain relevant. But even the ...
Small and medium-sized businesses (SMBs) are considered as the backbone of any country’s economy. This has been proved in Australia where SMBs have emerged as major contributors of jobs and a sustainable economic growth. This is despite the fact that ...
A Non-Resident Indian (NRI) may open an NRE (Non-Resident External) deposit or NRO (Non-Resident Ordinary) deposit with any of the Authorised Dealer Banks (AD Banks) in India. While both these categories of fixed deposits are denominated in Indian currency, they ...