The Aadhaar card is essentially an identity document that includes an identification number issued by the government of India to citizens of India. The document that establishes an individual’s identity is mandatory to avail of various government-related and other services.…
Each UPI transaction is assigned a unique 12-digit code called the UPI reference number, or UTR (Unique Transaction Reference) number. This is crucial for confirming and tracking transactions executed through the Unified Payments Interface (UPI) system. A distinct reference number…
Prompt Corrective Action (PCA) is a monitoring method employed by the Reserve Bank of India (RBI) to check and stabilize the health of the country’s banking system. PCA is usually implemented by the RBI when a bank’s performance slips below…
Financial institutions such as banks, NBFCs, and corporates offer fixed deposits (FDs). They are popular financial products through which people can deposit an amount for a fixed period at a stipulated interest rate. A bank FD offers a higher interest…
An SIP, or systematic investment plan, is a structured way of investing in mutual funds. When you make SIP investments over some time, the small amounts that you put in help you build up a corpus. You can also choose…
Global capital flows are broadly classified into FDI (foreign direct investment) and FPI (foreign portfolio investment). FPI refers to investments made by foreign investors in stock markets in overseas markets. On the other hand, foreign direct investment means investment made…
Repo rate stands for Repurchase Option Rate. In India, the Reserve Bank of India (RBI) lends money to commercial banks at this interest rate. Essentially, the central bank uses the repo rate as an instrument to manage the economy and…
Indian Railways is one of the world’s largest and fast-growing networks. This makes investing in rail stocks an interesting proposition. However, before investing, you need to have a clear idea about the industry’s prospects. Taking a close look at some…
Are you new to stock market trading? Have you ever heard of pre-open market session or pre-open market timing? Not to worry, you are at the right place. The pre-open market session happens in Indian stock exchanges, NSE and BSE.…
Stock market serves as a meeting place for buyers and sellers of shares. The Indian stock market plays a vital role in the country’s economic system as it creates opportunities for large sections of the population to participate in wealth…
