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Financial Rights, Restrictions, and Prohibitions Of Non-Resident Indian (NRI)

Non-Resident Indian (NRI) is a person resident outside India who is a citizen of India with any one of the criteria applicable to:

  1. For taking up employment outside India.
  2. For carrying on outside India a business or vocation outside India.
  3. For any purpose, in such circumstances as would indicate his intention to stay outside India for an uncertain period.

For income tax purpose, a non-resident is a person who has been living out of India for more than 182 days in the preceding financial year.

CGTMSE - Credit Guarantee Fund Trust for MSME

You have skills, knowledge, ideas, experience and confidence to become an entrepreneur but needs financial assistance. If you make a project report then, approach a bank for financing the project, they simply ask what is the guarantee for repayment? They will ask you to provide collateral security as the secondary security to get back the fund you have been used in case failure in the business.

SBI Weavers Credit Card For Handloom Sector

SBI for SME targets Handloom sector by providing an exclusive Credit Card loan scheme to weavers and its ancillary workers involved in weaving activities. Main highlight of SBI Weavers Credit Card Scheme is Collateral-free loan facility covered under CGTMSE guarantee coverage. It can be utilized as working capital or purchase of tools and equipment required for carrying out weaving activity.

KSEB Online Payment Method and Procedure For Kerala Electricity Bill

Kerala State Electricity Board AKA KSEB Kerala accepts payments through online methods too. Payments to KSEB can be done first of all through their office counters still functioning but limitation for visiting and queuing in front of the KSEB office counter, and time limit.

If you chose online payment you can avoid physical appearance to the KSEB office and queuing in front of the counter. To enable online payment, you should have the following requirements:

  1. Internet access through Desktop / Laptop / Tablet PC / Smart phone
  2. Credit card / Debit card or Bank account with Net banking
  3. An email account and a Mobile number

Image below shows the final information window of the successful KSEB bill payment.

Bank Deposit Accounts - Opening Aspects, Procedure and KYC

One of the primary function of a commercial bank is accepting deposits from public and in return, bank will give interest earnings for the deposited money to the account holder depending on the type of deposit accounts. It is a three part article, which will look into various aspects of deposit accounts, its operations, and types of deposit accounts, offered our commercial banks in India. Opening aspects and KYC is the first part that everybody should know before they get into the bank for having relationship with bank and their deposit accounts.

SBI Certified Pre-Owned Car Loan

SBI provide the best car loan scheme for purchasing of Certified Pre-owned Car, not more than 5 years old. This loan would be the best choice for people who wish to test a car for a short period and then buy a brand new luxury car in the later stage.

Urgent or Emergency Pensioner Loan - SBI Pension Loan

If you are a Central or State Government or Defence pensioner drawing your pension through one of SBI branches and are not more than 76 years of age, you can avail of a loan from your branch to meet your personal expenses. SBI understands you may have an urgent or unexpected need for funds or a family obligation to be fulfilled and appreciate your association with the bank.

SBI Paryatan Plus Loan Scheme For Travel and Tourism Business

SBI provides many customer friendly loan schemes in SME sector in which Paryatan Plus Loan Scheme focuses mainly in travel and tourism business that enhances next level of business like renovation, extensions, modernization including purchase of vehicles and equipment.

SBI Maxgain: Home Loan Having OD (Overdraft) Advantage

Over recent years, home loan has been witnessing fierce competition in pricing as well as product differentiation. Besides providing the most competitive rates of interest, SBI has introduced "SBI Maxgain", an innovative and feature rich facilities to the generic Home Loan Scheme and have brought about a fair amount of flexibility in key terms and conditions of the Scheme.

Provident Fund - General Provident Fund (GPF) and Public Provident Fund (PPF)

Provident Fund is a mechanism to protect the salaried people in old age after retiring from service, the Government has introduced "a retirement benefit scheme" called the Employees Provident Fund Scheme. The main purpose of the scheme is to provide a compulsory saving out of the current income of the employee. The employer gives the employee the saved amount together with the interest at the time of retirement.

The Impact of PM MUDRA Yojana Or PM MUDRA Scheme In Indian Financial Sector

MUDRA is the acronym for Micro Units Development and Refinance Agency. The expanded form of MUDRA itself enough to define what is MUDRA ie., MUDRA aims and functioning to develop and refinance Micro entrepreneur units in India. More precisely, beneficiaries of MUDRA are to be one of Manufacturing (Non-farm enterprises), Trading, and Services. This agency, MUDRA is heavily supported by India Govt., and its liberalized financial services routed through or implemented by various Commercial Banks, Regional Rural Banks (RRB), Small Finance Banks, Micro Finance Institutions (MFI) and Non Banking Financial Company (NBFC) functioning across the country.

Credit Score and Importance of Maintaining a High CIBIL Score

Your credit is your responsibility for keeping a high CBIL Score. Ensure you continue to pay your EMI on time to maintain a high CIBIL Score. Your CIBIL Score, ranging from 300 to 900, is evidence of your credit worthiness and increases your chances to get a higher loan amount at a better interest rate in the future.

SBI SME Term Loan (General Purpose, Open and Corporate)

SBI has different Term Loan products to boost SME sector depending on purpose of the business they setup. Products are: General purpose term Loan for SSI upto Rs. 50 lakhs, Open term Loan upto Rs. 2.5 Crore and Corporate term Loan upto Rs. 10 Crore or no cap for Corporates.

Syndicate Bank Offers SyndSolar Loan for Solar PV Panel Installation on House Roof Top

Electrical energy is the most versatile and reliable form of energy we have in our day today life. Our life demands more facilities, utilizing cheaper, pollution-free electrical energy, ie., green energy for lighting, refrigeration, cooking, hygiene, atmospheric comfort, appliances and electronic gadgets. The quality of our life directly related to accessibility and consumption of electricity.

SBI SME Add On Loan Schemes (Credit Plus and Standby Line of Credit)

SBI for SME provides two add-on loan schemes to their existing customers form SME Sector - SME Credit Plus and Standby Line of Credit for Working Capital. Credit Plus will be helpful to overcome temporary financial crisis by providing clean cash credit with the cap of Rs. 25 lakhs facility with no extra expenditure. The other Standby Line of Credit facilitate higher limit upto 5 crore with a small hike in interest rate.

SBI Home Loan: Necessary Documents Required To Be Submitted By Housing Loan Applicant

As we all know, one of the main function of Commercial Bank is giving loans and advances to their customers, in which a major share goes as Home Loan product that comes under Personal Banking. Home Loan is considered as a secured, low risk loan to all banks because it compulsorily requires collateral or immovable assets as a security to loan amount. Here is the comprehensive list of documentation for Home Loan takers. Check this Home Loan Document List and keep this listed documents ready with you prior obtaining your loan. This Home Loan Document List is applicable not only to SBI but all other banks seeks more or less same documentation.

Registrar Of Companies (ROC) in India

ROC functions as registry of company records and issue Company CIN No, related to companies registered with them and located in various States and Union Territories of India. Maharashtra and Tamil Nadu get two ROC due to its heavy requirement, where in North Eastern states altogether gets one ROC in Shillong.

SBI Agriculture Loan - Various Schemes On Credit Cards

SBI provides different type of loan to farmers who has good track record with SBI for their last two years. A general-purpose loan for productive and consumption purposes of farmers, Self help group credit card and general purpose credit card loan.