Finance
Indian share market tips, tax planning and money transfer methods
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General Knowledge
E-Gold – Payment Method or Gold Investment
e-gold is categorized as electronic currency and is a digital way of storing, buying and possessing gold. Furthermore, the owners of e-gold can easily and immediately make the transfer of ownership among themselves. e-gold was founded by Barry K. Downey and Dr. Douglas Jackson. Presently, e-gold is managed under e-gold Ltd by Gold & Silver [...]
Tags: e-gold, gold, Gold Investment
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What is International Bank Account Number (IBAN)
Basically, it is common sense that around the world, there exists thousands of banks. So, in order to make distinguishing marks about the account numbers, this standard numbering system was introduced, better known as IBAN. Its roots of origination trace back to Europe and now it is the international standard to identify accounts around the [...]
Tags: IBAN, identify accounts, India, International Bank Account Number, international standard
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How to Send Money Orders in India
Money orders are very old way of sending money to anyone in any part of India. This system allows the beneficiary to get an amount that is stated on the order. This method of funds transfer is quite common in rural areas because banks are not available at every corner and every village. Even if [...]
Tags: India, indian post, post office
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What is PaySafe Card
Do you need a prepaid card that can help you shop online with security and ease? Then Paysafe is the right choice. Vienna is the base of this system and you can make use of this card in Austria, Germany, Great Britain, Spain, Belgium, Switzerland, Czech Republic, Slovenia, Portugal, Slovakia, Sweden and France. Credit cards [...]
Tags: Debit Card, online merchants, PaySafe Card
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Safe and Secure Online Shopping with ePassporte
ePassporte is a company that offers personal debit Visa account. This US financial services company allows the users to shop online anonymously and safely at those merchant sites, which accept ePassporte or Visa that is with ePassporte Visa Virtual accounts. The use of ePassporte covers majority of online shopping and payment segments. This includes safe [...]
Tags: ePassporte, secure, visa virtual accounts
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Types of NRI Bank Accounts
NRIs in India are given loads of opportunities and therefore, one of the facilities is NRI accounts especially for such people who stay abroad for any to many reasons including business, study, work or career. But why would anyone want such an account? The answer is that on many occasions, they need funds transfer to [...]
Tags: FCNR, NRI, NRI Bank Account
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What is Hawala System?
So what is Hawala? Basically, you should know that while the term Hawala means trust, it is an illegal way of remittance cross-borders and also called Hundi. There will be middle men. Who act as money brokers and make transfers. There is no physical cash movement in this process of remittance. The system has its [...]
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What is IFSC?
Indian Financial System Code or as known, IFSC, is the addressing code for user-to-user transmission of message in SFMS or as known Structural, Financial Messaging System. But one thing that you may wish to ask is the application of these codes. Well, they are in fact used by Payment System Applications. The examples include RTGS, [...]
Tags: IFSC, Indian Financial System Code, SFMS
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Times of India Money Transfer
Money transfer from one place to another is not a problem when it is inter-state or inside a single country. However, when you wish to send money from some other country to India, chances of large amount of fees and service charges etc. are higher. In that case, you may want to look forward to [...]
Tags: Money Transfer, online, Times of India
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What is SWIFT Code and Why Would You Need It?
SWIFT- Society for Worldwide Interbank Financial Telecommunication but why would you need it? In case you look forward to interbank wire transfer, you would need this code, without which the transfer would not be possible. This code was founded in 1973 in Brussels and functions on global financial messaging network. The beginning was marked for [...]
Tags: interbank wire transfer, Society for Worldwide Interbank Financial Telecommunication, SWIFT
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