Banking

 Making payment overseas takes a total toll on one person who does not have proper means to transfer the money. Well, many companies provide the facility of transferring the money with the best deals. Whatever the reason might be when you have to transfer money from any place to overseas, you'll have to look at some of the best deals to do so. There are a few features and benefits that come with transferring money online. Today many companies provide the facility of transferring money with best deals that are inevitable. If you want to share money with your parents, or your children, or your wife or doesn't matter any other reason you should be mindful of the exchange rates. Although it might be tempting to transfer money straight from the bank account, it is imperative to understand the pros and cons of online transferring money directly through your bank accounts. There are some benefits of using the provider solely focused on the traditional transfer of the money. And along ...

  With the Covid19 outbreak, the central banks globally have infused an incredible amount of liquidity in the markets to prevent the economic fallout. There is no difference for the Reserve Bank Of India as the apex body has also announced a slew of measures to handle the distress. Under various tranches, including a digital savings account, the RBI has lowered the repo rate to 4 percent. It earlier back in 2019, stood at 6 percent. The aggregate reduction in FY20 was 160 bps. But the current argument is that transmission of the interest rate with regards to digital savings account is not as swift as it should be. Recently, the most accepted benchmarks are the lending rate, which is defined by the MCLR or base rate. Furthermore, it is also linked deposit rate, which has to be altered first as it goes into the cost of funds. The loan is most likely to get repriced immediately. On the other hand, new and renewed deposits go at the new rate. The average cost's impact is most like...