All Posts in "Finance Business"

How to Open a Joint Fixed Deposit Account

Opening a joint fixed deposit (FD) account is an excellent way to combine resources and achieve financial goals collaboratively. It is particularly useful for families planning long-term investments, such as funding a child’s education. With the convenience of digital banking platforms like the SBI Fixed Deposit App, opening and managing a joint FD account has never been easier. Here, we will discuss the steps, benefits, and considerations for opening a joint FD for child education.

What is a Joint Fixed Deposit Account?

A joint fixed deposit account allows two or more individuals to deposit money together in a fixed-term investment. Each account holder has a stake in the deposit and enjoys the benefits of interest earnings. Typically, joint FDs are popular among family members, business partners, or spouses.

Benefits of Opening a Joint FD Account

  1. Shared Investment Responsibility: Multiple account holders can contribute to the FD, reducing the financial burden
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Sofia Benjamin by — February 10, 2025 in Finance Business
Best Precious Metals Ira in 2022: Things to Remember

We can all agree that a gold IRA is retirement account that gives chance to investors to take advantage of precious physical metals such as gold, which you would not get with a standard IRA.

If you wish to take advantage of precious metals inside of it, the best course of action is to make a self-directed account administered by a custodian who will store and handle the metal. Keeping gold within IRA comes with significant fees, which is why you should also understand the tax ramifications.

We recommend you to check here to understand everything about investing in precious metal individual retirement account.

However, gold comes with a glittering appeal, mainly because it is a durable, tangible asset that traditionally keeps or increases value during political upheavals, inflation, and the lousy stock market. Even if you do not earn too much by investing, meaning it lacks high return as … READ MORE ...

Sofia Benjamin by — October 3, 2022 in Finance Business
Complete Guide On How to Short Bitcoin in 2021

Do you want to learn how to short Bitcoins? If yes, then this guide is all you need.

Shorting Bitcoin is a good option for those who believe that soon there will be a fall in the currency graph. It is for the investor to remain on the safe side. But some investors hesitate to do so because they lack the knowledge of short selling. 

Keep the worries aside as this guide will walk you through the question of how to short Bitcoins.

What is Short Selling? 

Investors use the term short selling, also known as short in the finance industry, to earn a profit from the commodity when they believe it will be down soon. To know more, click here https://www.delta.exchange/blog/the-ultimate-guide-to-shorting-bitcoin

How Does it Work?

Now you must have started wondering about its working. Well, in the process of short selling, one can borrow Bitcoins from a broker or … READ MORE ...

Sofia Benjamin by — August 31, 2021 in Finance Business
The Differences Between Accounting and Finance

Often, these two concepts get used interchangeably. However, doing this is a mistake that you can avoid. The reason is that while these concepts or fields are pretty similar to an extent, they are very different from each other. Therefore, if you consider studying any in school or as a career, you need to understand each entail. A proper understanding will ensure that you choose the best for you.

For instance, you may try to check digital marketing agency services online to help you learn more about these agencies, their services, peculiarities, and, more importantly, the actual differences that exist in their accounting and finance departments.

You may consider looking these up on luminablog.com, a credible online review platform that will provide to you reviews written by others about a particular subject, service, or brand. Before you do just that, it would be best to continue reading this article … READ MORE ...

Sofia Benjamin by — July 20, 2021 in Finance Business
5 Benefits Of Using A Proforma Invoice

Most of the customers, prior to incurring the cost for goods and services, try to get an estimate regarding the approximate amount they will have to pay. In such a situation, a regular GST invoice is not suitable. To help the customers or buyers in such a situation, the seller or client provides them with a proforma invoice.

A proforma invoice format is not to be confused with that of a regular invoice. The key purpose of a proforma invoice is to give the customers a rough estimate of the expenses they will have to make for the said good or services.

The proforma invoice format is constituted of information like time and date of the delivery of the products, the approximate charges to be borne including those name of the sender and the customer to whom the product is sold and various other terms and conditions.

The proforma invoice … READ MORE ...

Sofia Benjamin by — April 8, 2021 in Finance Business