What is Service Tax?
Service tax is charged by the government of India on specific service transactions carried out by the provider. However, the final consumers are the ones… Read More »What is Service Tax?
Banking and Insurance
What is Form 16?
Form 16 is provided by employers to salaried individuals in the country. It contains all the information required by the employee at the time of… Read More »What is Form 16?
What is Gratuity?
Gratuity is a benefit that is payable under the Payment of Gratuity Act 1972. That is a financial component offered by an employer to an… Read More »What is Gratuity?
What is Property Tax?
Property tax is the amount that is paid by the landowner to the municipal corporation or the local government for his/her area. The tax must… Read More »What is Property Tax?
What is E-banking?
E-banking is known as electronic banking, online banking, or internet banking. It is simply the use of electronic and telecommunications networks for delivering various banking… Read More »What is E-banking?
What is NEFT? (National Electronic Funds Transfer)
NEFT (National Electronic Funds Transfer) is an electronic funds transfer system maintained by RBI. Started in November 2005, the setup was established and maintained by… Read More »What is NEFT? (National Electronic Funds Transfer)
Banks in India
Banks in India can be classified into four categories. They are Given below is the bank types in India:- Commercial Banks Small Finance Banks Payments… Read More »Banks in India
Types of Bank Accounts
Bank Accounts Types These are the different Bank Accounts types: Current Account A current account is a deposit account for traders, business owners, and entrepreneurs,… Read More »Types of Bank Accounts
List of Banking Abbreviations
Banking abbreviations are useful to are eagerly waiting to do jobs like RBI, SBI PO exam, IBPS PO exam, IBPS RRB, and other Bank exams… Read More »List of Banking Abbreviations
Types of Fund Transfers: IMPS, NEFT, RTGS
Fund Transfers Fund Transfers mean sending and receive money or any fund of amount from one person to another person. Here we have several Modes… Read More »Types of Fund Transfers: IMPS, NEFT, RTGS