Finance

Keeping track of your recent transactions is essential for managing your finances. If you're an SBI customer, there are several methods to check your last 5 transactions.

The interest accrued from a savings account is taxable although there is no deduction of tax at source (TDS).

PhonePe is a payment app that enables you to make digital payments and financial transactions.

State Bank of India (SBI) is not only the largest bank in India but also a significant player in the global financial landscape. With a legacy spanning over 200 years, SBI's establishment as a public sector bank underscores its deep-rooted presence and trust within the Indian financial ecosystem.

To calculate 7% interest on 1 lakh (100,000), you can use the following formula for simple interest

SBI NEFT transfer can be done both online and by visiting the bank. Let us now see how much time NEFT Transfer takes in SBI.

Gross pay is the amount that a person earns before the deductions are made.

Plastic money is contemporary electronic money. Money has changed from traditional cash forms like rupee notes to card forms.

Your NPS account is said to be frozen when you cannot operate it any longer after logging in.

The BSR (Basic Statistical Returns) code is a unique 7-digit identification code assigned to bank branches in India by the Reserve Bank of India (RBI).

An account payee cheque is a special kind of a cheque. It is a crossed cheque that should be deposited into the account of the person or entity it is written for.

A Demand Draft (DD) offers a secure and efficient means of transferring funds from one bank to another.

Deficit financing is adopted when the expenditure is higher than the revenue in a budgetary situation. This expenditure revenue gap is financed by either printing currency or borrowing money to bridge the gap. Governments having deficit budgets often get their finances by borrowing. The indicator of deficit financing is the fiscal deficit. A fiscal deficit is a shortfall found in a government's income which is compared with its spending.

Finance rate which is also known as interest rate is the amount you would have to pay in addition to the principal amount that you borrow from a bank or any other financial institution. The interest rate amount will be the percentage of the loan you take, which you would have to pay back to the lender. The finance rate will be calculated on a yearly basis.

Many central and state plan schemes have been introduced to improve the socio economic status of fishermen and also to increase marine fish production. There are also public bank sectors like SBI bank and Canara bank that provide funds for fishing activities. Canara bank provides loans for purchase or construction of mechanized boats and non-mechanized boats too. Depending on the fishermans needs, they can get loans as per their requirements and eligibility. They can get loans up to Rs. 1 lakh without pledging collateral. But loans above Rs. 1 lakh would require collateral.

The finance industry offers a range of career options. Before choosing a finance course or a particular job in the finance sector it is better if you assess the field and make sure it is something you would want to do. Before taking up a job, it’s better to assess the requirements of the job. There are many career options to choose from when it comes to finance: Investment Banking, accounting, corporate finance, financial planning, risk management, etc.

Finance companies help individuals get credit either for their personal purposes or for their businesses. Credit is extended to both small and large companies as well. A finance company can be a bank, a non banking financial companies, credit unions or other financial institutions. Whether you need a business loan or a personal loan, make sure you check which financial institution is providing you with the best offer before applying for credit. 

Alpha is a term used in investing to describe a strategy used by a trader or portfolio manager to beat the market returns for a period of time. It is considered an active return on investment, where the performance of an investment against the market index or benchmark is considered to represent the market’s movement on the whole. Hence the excess return of an investment relative to the return of a benchmark index is the investments alpha. The value may be positive or negative and is the result of the investment made.

When you are purchasing a bond you are lending money to the government or a company. You will lend money to the issuer or the borrower. The bond issuer agrees to pay interest on a regular basis to whoever holds the bond. The borrower would have to return the principal on the loan when the bond matures. Bonds can be useful to people who are looking for a way to invest their money. While opting to invest in stocks, you are not exactly sure of the future cash flows of respective companies. But with bonds, you know exactly what you are going to get.

A financial derivative refers to any financial security whose value is derived from or determined by the value of another asset. The asset from which a derivative gets its value is known as the underlying asset. Common underlying assets for derivatives are stocks, bonds, interest rates, commodities, currencies and market indexes. The values of these underlying assets change according to the market conditions.

Securities are financial instruments which are tradable or can be sold or bought. Shares and bonds are considered to be securities and can be transferred to a person. While long term deposits like fixed deposits cannot be transferred to another person and therefore cannot be called securities. Securities have financial worth that can be traded in the public market. There are different types of securities like debt securities and equity securities.