Day: June 2, 2018

Do you know the real cost of digital transactions?

Do you know the real cost of digital transactions?

Buzz
After November 8, 2016, many of us were suddenly pushed to explore digital modes of making payments even for the most basic of purchases like buying daily rations. While a lot of us have moved to electronic payments, not many are aware of the costs are attached with it. Read on to find out about the various fees and charges of different types of electronic payment modes: National Electronic Funds Transfer (NEFT) NEFT is a payment system facilitating one-to-one funds transfers. One can access this service either by using Internet banking or by visiting the bank branch. (Not all bank branches are enabled with this service.) Once you initiate the transfer, the money reaches beneficiary account within hours. There is no minimum or maximum amount, however, an individual bank may put restr...
Best Tax Saving Options for 2018-19

Best Tax Saving Options for 2018-19

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Which are the Best Tax Saving Options for 2018-19? What are the Best Tax Saving Options for Salaried for 2018-19?Financial Year 2018-19 already started. However, many of us sadly get up at the end to look for best tax saving options. Instead, it is always best to start tax planning for the first day of financial year. Hence, let us look at the options available. Tax Planning or Tax Saving is not a bad concept. But the bad concept is to invest JUST FOR SAVING TAX. Instead, you have to first identify your financial goals. Based on the time horizon of the goal, do the asset allocation between debt and equity. Within debt or equity, while finally investing, you may choose the product which also gives you an option to save tax. However, many of doing the reverse. We all in the aslee...