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Financial Terms

Foreign Currency Non-Resident Account (FCNR)

It is a popular investment option for NRIs looking to diversify their portfolio and mitigate exchange rate risk. FCNRs are available in various currencies and can be opened for a minimum period of one year up to five years. The interest rates offered on FCNR deposits are determined by the Reserve Bank of India and are generally higher than those of domestic deposits.

A Non-Resident External (NRE) Account is a savings or term deposit account that can be opened by NRIs, allowing them to repatriate their earnings from India. This account can hold funds in Indian rupees and is a convenient option for NRIs to manage their finances and earn tax-free interest. NRE accounts also offer the flexibility of joint ownership with another NRI or resident Indian. The interest rates on NRE accounts are also set by the Reserve Bank of India and are typically higher than those of domestic accounts.

On the other hand, a Non-Resident Ordinary (NRO) Account is a

Combating Financing of Terrorism

The concept of Combating Financing of Terrorism involves preventing the flow of funds through financial channels for illegal activities. This includes measures to prevent ...

Indirect taxes are levied on goods and services by the government, and are collected by either the manufacturer or retailer in the supply chain. These taxes, such as the Goo...

A duty, also known as a tariff, is a tax that is charged on goods imported into or exported out of a country. These duties are typically paid by the importer and exporter, a...

Foreign Inward Remittance Certificate

It is issued by banks authorized by the Reserve Bank of India. In the world of international finance, one important document that holds significant value is the Foreign Inw...

This technique is commonly used in finance to determine the value of assets and liabilities on a regular basis, providing an accurate representation of a company's financial ...

The returns are generated through dividends, interest, and capital gains. An Income Scheme is a valuable investment opportunity that allows investors to regularly contribut...

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Fixed Income

Investments that provide regular, fixed payments, such as bonds and treasury bills.

Stocks

All terms and concepts related to stocks, also known as equities, which represent ownership shares i

Public Offerings

All terms related to a company selling its shares or bonds to the public for the first time (IPOs) o

Taxes

All terminology and concepts related to various tax types, tax laws, and taxation principles.

Financial Instruments

Legal contracts that represent financial value, such as stocks, bonds, options, futures, and various

Retirement Planning

All terms and concepts related to the process of saving and investing to ensure financial security a

Insurance

All terms and concepts related to insurance, which is a financial arrangement that provides protecti

Property

The "Property" category in finance encompasses all aspects related to real estate and tangible asset

Commodity

All terms related to the basic goods used in commerce that are interchangeable with other goods of t

Credit Cards

All terms and concepts related to the use, features, and management of payment cards allowing users

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