Your Banking Guide
Find here top banking exam books in India. If your planning for Banking Entrance Exams you should read below books and learn about banking in India.
Below is some top author in the Banking sector, they publish books about bank PO exams preparation they are M Tyra, R. S Agarwal, Tarun Goyal, S.N. Prasad, MK Pandey, Arun Sharma and publication (BSC Publication, S. Chand Publication, TMH Publication, Arihant, Tata McGraw Hill.
In yet another step to make India a cashless economy, the Reserve Bank of India (RBI) on Monday declared that it is expanding the scope of the Bharat Bill Payment System (BBPS) to serve under its ambit all repetitive bill payments, except prepaid recharges.
This means you can now pay any recurring payment like monthly school fees, insurance premiums, municipal taxes, maintenance charges at housing societies, mutual fund contributions or even EMIs. Till now, the Bharat Bill Payment System used to provide to just five segments — direct to home (DTH), electricity, gas, telecom and water.
But why you should opt for Bharat Bill Payment System to pay their bills? And how would it help the other stakeholders? To know that, let’s take a brief look at exactly how the system works.
The Bharat Bill Payment System was started by the National Payment Corporation of India on 31 August 2016 under the guidance of RBI executive director G. Padmanabhan committee. The platform provides consumers across the country to use one single website or outlet to pay all their bills with the reliability and safety of transactions. According to a report, a total of 338 million transactions took place on the Bharat Bill Payment System network throughout 2018-19.
The payment service is provided to customers through a network of agencies, enabling various payment modes, including cash, and instant approval of payment is provided after the transaction. It even has a regulated system to handle complaints about both online and offline transactions.
Payment is permitted in cash at authorized kiosks, retail shops and bank branches, or digitally through debit card, credit card, net banking, UPI, mobile wallets, at websites and apps of banks and non-bank entities etc.
To enjoy Bharat Bill Payment Services, a customer has to complete a one-time registration process. Registration can be done by visiting any authorized retail outlet or the official website and providing personal details like name, address, email, mobile number and ID proof. After the registration, a customer ID will be issued which can be used for future transactions.
With the Bharat Bill Payment System, customers now no longer need to visit individual billing companies’ website or outlets to pay their bills. The platform would also eliminate the queues outside the billing windows in India.
Moreover, transactions made through the platform are transparent, safe and saves time, benefitting not just citizens, but also helping the economy by restricting black money and corruption.
For service providers, the greatest advantage is that they would get instant payments and need not maintain bill collection centres for themselves, thereby helping in cutting costs.
So, given the comfort and safety of the platform, one can safely assume that the Bharat Bill Payment System is going to change the way India pay its bills.
What is SIP Calculator?
SIP is an outlay planning to invest a specific mass of money at regular intervals of time in a mutual fund scheme. SIP investment plans are most convenient way and the smartest process of investing in mutual funds.
SIP calculator will express one how much small investments made at regular gaps. They can give much better returns over a long duration. All one need is to select the monthly investment quantity, tenure in years and rate of return to get at the majority proportion.
One can use SIP calculator by implementing the following steps:
The user can value the SIP returns on the purpose or the SIP monthly investment quota using a calculator.
While using the SIP calculator for estimating how much money one will need to find in the schemes to get a specific proportion at the end of the SIP tenure, and then enter the goal consignment and calculator will give the content of needed monthly investment.
One can find the tool free of cost; investors will easily change the variables to expect the various returns that they will give in return for the outlay.
What is SIP Advanced Calculator?
It is an integrated version of the basic SIP calculator; one would the return supervene inflation. One needs to select the monthly outlay aggregate, tenure, rate of returns estimated and proportion of inflation expected to get the majority value, pre and antedate inflation.
What is SIP Need Calculator?
The SIP calculator determines the monthly amount one demands to save through SIP to get a certain bagged amount as an assumed rate of return. It shows the total amount funded in the given duration, the monthly amount demanded to be outlayed and the earnings of the speculation. In SIP need calculator, one must fulfill the details as the expected amount or motive, various years in hand and suspected rate of return to have an expectation of funding one needs to make monthly.
Which SIP is best in India?
SIP is a variety of growth outlay and the returns are reinvested that gives higher returns and so one will earn the profit. There are various SIPS’s who have made their position in the market but some of them are:
SBI Blue Chip Fund, Motilal Oswal Long Term Equity Fund, Franklin India Equity Fund, DSP Equity Opportunity Fund, HDFC Equity Fund, and much more are some of the best SIP in India.
Which is the best SIP?
Systematic Investment Plan is a small tool for funding in mutual funds. It will make the mutual fund funds tension-free and direct. One can initiate by subsidizing a specific amount of money at weekly, regular breaks, monthly, say weekly, or quarterly.
How can I start to sip?
Planning to start SIP is an easy and convenient amalgamated with the inflation-defeating returns from equity funds. This has been a productive process to increase income and saving to have the economic plans
SIP permits one to purchase units at a given date each month so that one can use a saving plan for them. The biggest benefit is that one need not time the market. In timing, the market, investing every month it will be deducted. An investor can give a pre-decided fixed amount in a scheme every month or quarterly, depending on his ease through succeed-dated cheques or ECS (auto-debit) facility. Moreover, SIPs will be deducted by itself through a given quantity or follow-dated cheques.
There are two ways to initiate with SIP: offline and online. Before one will start the journey, it is necessary to fill the KYC and it is a vital part of the monetary product.
It is necessary to understand the demand and then specify the goals like a child’s education, retirement and so on.
It is good to select best between both- online and offline.
KYC is a must. So, it is best to complete the KYC process with identity and address proof, photograph and cancelled cheque.
It is the crucial and steps to choose the right mutual fund to SIP. It also depends on the real nature of funds one must select the appropriate SIP to satisfy the investment preys.
By nature, balance funds are modern to High risk and conventional returns. A clear place to these funds would be good to balance the risk -return measures.
Debt funds are of low risk-low return in nature but are not risk-free.
It will also depend on the personal value one can set the SIP frequency, sum, and date. Even they are daily, monthly, quarterly, and half-yearly. SIP dates differ from one fund to another.
When the candidates decide filling up the SIP or Common Application form and then give it to the concerned intermediary
One can buy and sell mutual funds online. The podiums which offer to invest:
The registrars also facilitate SIP investment online; the number will be limited to the mutual funds registered with it. Even one visit to Karvy will also solve the purpose.
A portal like MFU offers the single window to move across the important mutual fund schemes through its online portal. Mutual Fund Utilities is a single medium for anyone to transact across mutual fund schemes.
One could purchase SIP online by funding in mutual fund plans directly through the online page of the Asset Management Company.
Robo-advisors are internet advisors that offer portfolio management and monetary planning services online without a human interference. This process needs no indulgence of humans. A robo-adviser will give one a world of ease and it is a feeling of thanks to the progress in technology.
What is SIP account?
Systematic Investment Plan or SIP is a great way to fund in Mutual Funds. The SIP plans given by SBI Mutual Fund let one save a certain group on a continuously like weekly/monthly or quarterly. This interpretation is a set of credentials that permits users to make voice and video calls over the internet.
It will be done with the help of VOIP technique. While creating a new SIP recital, every individual will be given a unique SIP address. Some of the main reasons are that they are SIP-to-SIP calls. It can be made between two different addresses over the web portal. The regular savings also gives benefits to the potential of compounding.
With the help of SIP version, one can easily do support in Mutual funds.
Let’s have a look at some relevant ways of using a Free SIP Account:
SIP calling is free; it’s an affordable way to make calls that would otherwise rack up a hasty long-distance or international calling fees. One of the main attributes to using a SIP narrative for free calling is the high voice and video quality.
By joining up for a free SIP recital for your institution one will be designing an internal cloud-based interactions network for everyone in your office. It is suitable for remote employees, or organizations with multiple office situations.
With the support of this one can open doors, check to see whose ringing, and make loudspeaker declaration with a SIP recital. The user can configure these devices to interact with each other in a similar way to set up a VoIP phone.
Various institutions are using SIP-based phone systems. It can be done with the support of an IT staff person; one can add their external SIP address to the SIP sketch. This is free for use.
Which SIP gives the highest return?
The mutual funds are subjected to market risks and it also decreases the risk concerned to equity fluctuations. Clear tax endorses some of the funds. Some Best small-cap investing:
Scheme Name:
Premium Debt Funds
Eminent equity Funds
Is SIP tax-free?
Every individual SIP is taken a fresh speculation. After one year, if a person decides to redeem the entire backings plus gains then all the gains will not be tax-free. Only the outcome earned on the first SIP would be tax-free as only that investment would have completed a single year.
Is SIP safe?
SIP is probably safe for mutual funds and distributors as the regular money for the long-term on which they can get fees and commissions. It is also safe for the accounting planners to suggest as if something will be wrong then they can blame the SIP systems. People sometimes think about SIP safety which is thinkable.