A company’s balance sheet is the basis for evaluating its performance. There are two parts to a balance sheet: assets and liabilities. When assets are more than liabilities, it conveys a strong balance sheet. We can use the word assets in the literal sense as well as in accounting. Generally, when we say someone is …
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Introduction Have you visited a bank to deposit or withdraw money? Why do some banks have long queues in waiting and others use technology to serve their customers? Before answering all these questions, let’s understand a bank’s role first. In simple terms, banks are financial organisations that accept money from depositors and lend money to …
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Introduction The Government of India has identified the need to assist women entrepreneurs and improve the condition of women in society. However, our society is still patriarchal, and women are not treated as equals in most walks of life. The micro, small, and medium enterprises sector (MSME) is the dominant contributor to the GDP of …
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Aadhaar card is one of the mandatory and significant identification cards in India. It is essential to link your Aadhaar card with your mobile number. There are plenty of reasons for this, the primary reason being national security. Another reason is that it also helps in the initiation of the MSME loans and business loans. …
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What is an Aadhaar Card? An Aadhaar card is a legal document issued by the Unique Identification Authority of India on behalf of the Indian government to every resident. It contains a 12-digit number that is unique for all. The Aadhaar card works as identity proof and is valid for a lifetime. The Aadhaar card …
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When I’m looking to take out my first loan, I want to ensure that the experience is as smooth as possible. I’m following these tips from Flexiloans for a safe financial experience: Dos Ensure I make payments in an “Epimoney private limited” registered bank account only. Report suspected activities in my account asap. Double-check the …
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Financial transactions are now more formalised and digitalised – every borrower’s credit history is collected, stored, analysed and used in future financial transactions. The credit report summarises all the financial activities we have undertaken since we first obtained credit up to the time we last paid the credit. A CIBIL score ranges between 300 and …
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Introduction In the Indian Micro, Small, and Medium Enterprises sector, loans taken by MSMEs entail monthly EMIs. However, in many cases, the EMI amount is incurred on a small amount of working capital required to run a business. Once that is considered, it is time to realise that the amount paid on EMIs could be …
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Once an application for a PAN card has been submitted or information on an existing PAN card has been changed, one can check the status of the PAN card either through the UTI portal (UTIITSL PAN Portal) or the TIN-NSDL portal (TIN-NSDL PAN Portal). Listed below are options for verifying the status of a PAN …
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The Pradhan Mantri Awas Yojana (PMAY) is a national mission to provide affordable housing to all. The scheme aims at providing houses for all by 2022. Let’s see how we can apply for this scheme online using the PMAY website and how we can further check the Pradhan Mantri Awas Yojana Application status online. What …
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“Never depend on a single income. Instead, invest in creating a second source.” Nowadays, more and more investors are considering a monthly income scheme as their investment option. When customers invest in a fixed deposit, they get an interest rate on the deposited money. As per the reports, the highest interest rate that one can …
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The EPF (Employees’ Provident Fund) is a unique retirement scheme that has been introduced by the Government of India. The EPF scheme is designed to protect employees’ savings and promote voluntary savings. The scheme also helps in creating a culture of savings among the employees. This article contains details to check EPF balance online via …
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