The Art of Money by KG

Types of Bank account in INDIA Dear Friends, There are multiple types of accounts provided by bank which caters to the various needs of the customers. Today we will go through the details and features of such accounts. 1.       Savings Account: ·          This is the most common type of bank account. It is the sophisticated form of the Piggy bank which we all would have used in our childhood. Savings account allows us to withdraw or deposit money multiple times. There are some added facilities like ATM card, Cheque books, Withdrawal forms which help us to do monetary transactions. There are limited numbers of transactions available in savings account. ·          Savings account is generally used to keep our money in a bank. It earns us an interest of 4-6% per year.  Most PSU banks give 4% interest but some private players have made the market better for customers by giving 6 to 7% interest (based on some conditions). ·          Most banks keep a minimum amount

Quess corp will open for subscription from 29 th June 2016 to 1 st July 2016 in the price range of Rs. 310-317. Applications can be made of 45 shares and in multiples thereafter. Quess Corp is the Bangalore based staffing and IT solutions company. It has 47 offices across 26 cities. It serves over 1300+ customers across 4 segments namely Global Technology Solutions, People 7 Services, Integrated Facility Management and Industrial Asset Management. Quess offers services across many sectors like IT and ITES staffing, Managing Facilities, F&B sector, Skill development training, general staffing, HR solutions, Engineering services, etc. The promoters of the company are: 1. Ajit Isaac, human resources industry veteran . 2. Thomas Cook India Limited (TCIL). Objects of the Issue: The objects of the issue are: 1. Repayment of debt availed by the Company. 2. Funding capital expenditure requirements of the Company and their Subsidiary, MFX US. 3. Funding increme

Dear Friends, When we are about to join a company, we all have those butterflies in stomach about the new company, new work environment, new manager, new colleagues, etc. With all these we also have some dreams about our salary and how much we will earn and how we will save/spend it. Today you will know what all components are there in our salary and how we can tweak it to get the maximum salary and least tax that too in completely legal way. In our offer letter , the total cost to company (CTC) is divided under various heads like Basic salary, Dearness Allowance (DA), House rent allowance (HRA), Leave travel allowance (LTA), Medical Allowance, Conveyance Allowance, Personal allowance, etc. First of all what is Salary? Salary is the payment of money that a person receives in lieu of the services rendered to another person/organization. In this case the person earning salary is called Employee and the person who gives salary is Employer. Salary word is derived fr