Hexafin Blog | Banking Insights, Business Loans & Financial Advisory

NSC is National Savings Certificate. It is a fixed savings income scheme that can be opened at the post office. Due to the number of post offices present in India and the easy access to these post offices, the scheme has become very popular in India. The major aim of this scheme is to make…

Gold Investment – Gold is always considered the best investment. People buy gold in physical terms like jewelry etc. As time advances, it is better to realize that investing in gold through pieces of jewelry is not the only way as there are different ways to invest in gold now. So there are times when…

Increasing Cyber crimes cases – India is being digitalizated and with this the cyber crimes are rising. Criminals often target banks where huge amount of money is easily flowing on daily basis .And when such unauthorised transactions should be immediately reported to banks so that the appropriate actions are to be taken on time. Customers…

Inauguration of 75 digital banking units – In the union budget speech for 2022-23, Nirmala Sitharaman mentioned that the government would set up 75 DBUs in 75 districts. This was to pay tribute to the 75 years of independence of our country. Prime Minister Narendra Modi dedicated 75 digital banking units to the nation, taking…

Income Tax – If you are a salaried individual or an entrepreneur or you make a rental income or earn from your investments you have to pay taxes to the government. The Income Tax Act came into effect in 1961. Everything related to the collection, recovery, and administration of income tax comes under the section…

Launch of Combo fin products – Launch of Combo services such as savings accounts with insurance or an insurance product with new pension scheme benefits etc. has paved its way in its final launch. An inter-regulatory technical group (IRTG) on fintech announced the standard operating procedure for an inter-operable regulatory sandbox for hybrid products and…