Finance

Documents Required to Open a Current Account

Hipolito

May 17, 2023

A current account is primarily used by businesses, companies, and firms to conduct their daily transactions. To open a current account, one must comply with the set of rules and regulations issued by the Reserve Bank of India (RBI) and the bank where the account is being opened. Here are the documents required to open a current account in India: Business Registration Documents To open a current account in the name of a business or company, it is essential to provide registration documents. These may include: Certificate of incorporation A certificate issued by the Registrar of Companies (ROC) that confirms the legal existence of the company. Memorandum of Association (MOA) A legal document that outlines the company's objectives, rights, and responsibilities. Articles of Association

Finance

Tips For Setting Retirement Goals And Sticking To Them

Hipolito

April 13, 2023

Setting a retirement goal is not the ultimate objective. Sticking to it and making sure that it ends up being an ideal retirement plan should be the main aim. Every action and decision you take to manage your retirement finances will directly or indirectly affect how comfortably you can survive this time. That is why mapping out the right tips to stick to your retirement goals is essential.    In this content, we will help you understand what tips you can adopt for the same. But remember that the earlier you start to cater to them, the better they get in the long run. Here’s more on it below.  1. Start As Early As Possible  People often ask their policy providers what the best time would be to invest in a retirement plan. Naturally, all of them advise the same- as early as pos

Finance

Best Savings Plan for All Income Groups in India

Hipolito

August 30, 2022

Savings plans are a way to ensure a secure financial future. However, not every saving plan is suitable for everyone. In fact, it is hard to find a plan that can suit different income groups in India. However, a guaranteed savings plan is a good choice for a majority of income groups in the country. With that being said, here’s outlining how it can help different income groups. #1 Easy online availability of the plan You might have a full-time job or a growing startup. Your busy schedule hardly leaves you enough time to actually visit an office or branch to find a savings plan and invest your money. When you can buy everything online nowadays, why should savings plans not be one of them? So, regardless of the income group that you belong to, you need a savings plan that is availab

Finance

Factors to consider while buying a Monthly Investment Plan

Hipolito

June 30, 2022

Choosing a monthly savings plan can be quite confusing, considering the wide range of savings and investment plans available in the market. Also, with the increasing expenses and the increase in demand for quality living, finding a money savings plan that aligns with your needs is essential. A monthly savings plan can be aimed at long-term or short-term investments, depending on your financial goals. But here are a few factors that you must consider before choosing a monthly savings plan while aligning with your risk appetite. Understanding a monthly investment plan and its features To invest in a monthly investment plan, you would need to invest a certain sum every month on which you receive a monthly interest or dividend. The features of a monthly investment plan are: Suits

Finance

5 Tips for Investing in IPOs

Hipolito

April 30, 2022

Many of us want to make money by investing in stocks, but it's not easy. When it comes to investing, some people prefer Mutual funds or trading, but some people choose to invest in an IPO or First Public Offering. There are a lot of steps to making money from an IPO, but with a plan and some helpful tips, anyone can invest money in them and be sure that they will make a lot of money. There are a lot of well-known companies that made a lot of money on the first day of their IPO, but they didn't do well for their investors in the long run. One must always keep in mind that there is always a chance when investing. For now, investors can't just flip stocks for double or triple returns and make a lot of money. Instead, they should look for long-term gains. The best thing to do is to look for p

Finance

How to Find Out the LIC IPO Date? 

Hipolito

February 22, 2022

About LIC  The Life Insurance Corporation of India (LIC) is, India's largest life insurer, has been in operation for more than 65 years. Around 245 private life insurance businesses were merged and nationalized to become LIC in 1956. For Fiscal 2021, it holds a 64.1 percent market share in terms of premiums (or GWP), 66.2 percent market share in terms of New Business Premium (or NBP), 74.6 percent market share in terms of individual policies issued, and 81.1 percent market share in terms of group policies issued.  It is also India's largest asset manager. It was the country's only life insurance business until 2000. LIC's product line is diverse and covers a wide range of categories in both individual and group products. Savings insurance products, term insurance products, health insuran

Finance

Your 4-Point Check-List to Choose the Right Investment Product

Hipolito

January 17, 2022

Choosing the right investment product among many options can often become a daunting task. However, you can simplify this task by considering some important factors before zeroing on to the right product. In a fast-growing economy like India, the market is flooded with different investment opportunities. Unfortunately, while many of these investments can help you to meet your financial goals, some of them can prove to be a disappointment for your investment portfolio. Therefore, it is important to determine your financial goals and objectives before embarking on your portfolio building journey. Once you are clear about the returns you want from your investments, you are all set to identify the right investment product. Factors to Consider Before Choosing an Investment Product A

Finance

Easy Way To Handle Collect Open Receivables

Hipolito

December 4, 2021

Open receivables collection from the debtors is one of the most tiring procedures to take care of, by any business people, especially entrepreneurs. Handling online dunning procedures, sending incessant reminders by mail and so is too much to work on with rising marketing issues and financial crises. It would be mayhem if the companies continue doing their open receivables collections on their own. That is why, it is recommended to approach the receivables management services, even if you are eligible then you could avail yourself of your first reminder for free of charge. Before going deep into the procedure to be done for collecting outstanding debts let us first understand what is receivables management? The account receivables are defined as the amount of invoice, the debtor has to pa

Finance

Versicherungsmakler Software Is a Must for Every Insurance Company

Hipolito

December 4, 2021

The insurance market has these days become very competitive and to cope up with this sort of competition in the market, it is very important that people have modern tools and software solution. One of the major reasons why good software is needed is because of the rising needs and various demands of the customers. Plus, the business environment is also changing which requires the insurance companies to cope up with the time and technology. Along, with that, there is also competition among the industries, which makes it not necessary but mandatory for every insurance company to have an insurance broker software solution. So, that part of the work becomes easy. Apart from that, insurance is one such business where it is very necessary to give consumer services of the highest quality. Salia