Introduction: Welcome, aspiring investor! As you embark on your financial journey, familiarising yourself with vital financial terms becomes crucial. One such term is the RBI financial year, also known as the accounting year. This comprehensive guide by Tap Invest, your one-stop platform for exploring fixed-income investments like asset leasing, invoice discounting, and bonds, will delve […]
Understanding Money Market Instruments: Types, Features, and Benefits
Money markets are vital components of the financial system, providing short-term liquidity and supporting the overall economy. This guide will explore the money market’s components, functions, features, and instruments and outline the differences between money and capital markets. Money Market Meaning: The money market refers to a financial market segment where financial instruments with high […]
Golden Rules of Accounting: A Complete Guide
In finance, accounting forms the backbone of all business operations. Whether managing a small business, studying finance, or handling corporate accounts, understanding the golden rules of accounting is crucial. These rules are the cornerstone of double-entry bookkeeping, helping ensure that every financial transaction is recorded accurately and consistently. What Are the Golden Rules of Accounting? […]
All About OD Against FD: Terms, Interest Rates, and Eligibility
Introduction: Understanding OD Against FD When it comes to managing liquidity, many investors look for options that provide easy access to funds without breaking their long-term investments. One such option is “OD against FD” or Overdraft against Fixed Deposit. This facility allows investors to withdraw a certain amount against their fixed deposits without liquidating them. […]
Guide on Section 194 of Income Tax Act: TDS on Payment of Dividend
Under Section 194 of Income Tax Act, TDS is applicable when payment is made to the payee or credited to their account.
Closing Cosmos Bank Fixed Deposit Online
Learn to initiate the Cosmos Bank online closure process of Fixed Deposit and how the FD amount gets credited to your linked account.
Understanding NBFCs: What They Are and How They Differ from Banks
A Non-Banking Financial Company (NBFC) is a financial institution that provides services similar to those of banks but does not hold a banking license. In India, NBFCs play a vital role in the economic system by offering various financial services like loans, credit facilities, leasing, asset management, etc. However, unlike banks, they do not have […]
Understanding How Collateralized Debt Obligation Works
Learn how collateralized debt obligations (CDOs) work, their structure, the functioning of tranches, and their economic implications.
Unified Pension Scheme (UPS): A New Era in Retirement Security
The Indian government has introduced the Unified Pension Scheme (UPS), which aims to blend the strengths of the Old Pension Scheme (OPS) and the New Pension Scheme (NPS). UPS promises to provide a fixed, guaranteed pension-like OPS while incorporating market-linked returns similar to NPS, thus offering retirees a secure yet growth-oriented financial plan. What is […]
Tapping into Section 57 of the Income Tax Act, 1961: A Manual to Tax Efficiency
Understand deductions under Section 57 of Income Tax Act, including those for dividends, interest on securities and employee contributions to welfare schemes.