Tips & Tricks

Investing in the Name of a Child? Understand the Regulations

can i invest money in my child name, can mutual fund be invested in name of child, Documents required for minor investment in mutual fund, how to invest in child name, investing in name of child in india, investing in name of major child, investing in name of minor child, investing in the name of child, Minimum age to invest in Mutual Funds in India, Minor investment in mutual fund online, pros & cons of investing in child name, steps to invest money in name of my child

It is very natural to build a corpus by investing in the name of child or children. We feel proud doing this. We also feel duty-bound for the future benefit of the child. So, money-wise we want to be ready. When parents or guardians invest in the name of a minor child in India, specificRead More

Successive Nomination & Simultaneous Nomination

by Madhupam Krishna

Key Differences between Successive Nomination & Simultaneous Nomination, meaning of Simultaneous Nomination, meaning of Successive Nomination, meaning of Successive Nomination & Simultaneous Nomination, Simultaneous Nomination, Successive Nomination, Successive Nomination & Simultaneous Nomination, Successive Nomination vs Simultaneous Nomination

The Indian Parliament recently passed the Banking Laws (Amendment) Bill, 2024, marking a significant overhaul of the country’s banking regulations. This bill was introduced on August 9, 2024, and passed by the Lok Sabha on December 3, 2024. Now it will be an ACT when the president signs it. Key Changes Proposed – Definition ofRead More

Ombudsman for Digital Payment Services

by Madhupam Krishna

Benefits of the Ombudsman for Digital Payment Services, disadvantages of the Ombudsman for Digital Payment Services, Ombudsman for Digital Payment Services, Resolution of Complaints in Ombudsman for Digital Payment Services, What Are Digital Payment Services?, What Can Go Wrong With Digital Payment Services?, Who Can File a Complaint during digital payment services?

The rapid adoption of digital payment services in India has revolutionized financial transactions. Recently, a report showed that Bangalore conducts 80% of its payments over digital payment mediums. From UPI (Unified Payments Interface) to mobile wallets and online banking, these services have made financial interactions seamless and efficient. However, with this convenience comes the possibilityRead More

Process & Steps to Issue NRI Power of Attorney

by Madhupam Krishna

Digital PoA, How Non-Residents Can Issue NRI Power of Attorney?, Key Considerations When Issuing a PoA, NRI Power of Attorney, Power of Attorney, Power of Attorney (PoA), Power of Attorney in India, Steps for NRIs to Issue a Power of Attorney, Types of Power of Attorney for NRIs

A Power of Attorney (POA) is a legal document that allows an individual to act on your behalf. A NRI Power of Attorney (PoA) is a legal document that allows a person (the principal) to authorize another individual (the attorney or agent) to act on their behalf in India. Using a NRI Power of Attorney,Read More

12 Factors Affecting Gold Price

by Madhupam Krishna

factors affecting gold price, factors affecting gold prices in India, gold price today, key factors that impact the price of gold, why is gold price rising today

Gold has long been considered a symbol of wealth, security, and status, especially in India. For centuries, it has been woven into the cultural fabric, used in weddings, festivals, and religious ceremonies, and remains a popular form of investment. With its perceived stability, gold is often seen as a safe haven in times of economicRead More

Should you Become a Loan Guarantor?

by Madhupam Krishna

legal issues of loan guarantor, loan guarantor, loan guarantor cibil impact, loan guarantor cibil score, loan guarantor eligibility, loan guarantor meaning, obligations of a loan guarantor, problems being a loan guarantor, rbi guidelines for loan guarantor, recovery of loan from loan guarantor, rules for loan guarantor

Sometimes your friend or family may approach you to become a guarantor of the loan. Should you go for it? Any problems being a credit guarantor? Mostly, a loan guarantor is required for unsecured loans. These loans are unsecured means apart from documents, no property or assets are kept as mortgages for the loan. ButRead More