Author: Vishnu Mohan V
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How Does International Wire Transfer Work
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Wire transfer refers to the electronic transfer of funds through a secure network administered by banks and non-bank financial institutions like transfer services. One institution sends the money on behalf of its customers, and another receives it. The prerequisite is information from the party initiating the transfer, such as the recipient’s name and account number.…
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7 Accounts Receivable Process Improvement Strategies
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Cashflow is the lifeblood of any business. It is essential to keep the business running, and liquidity is a must to pay operational expenses, such as rent, salary, and inventory. Without ample cash inflow, any brand, be it a startup or a multinational corporation, will eventually grind to a halt, though it’s profitable on paper.…
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All You Need to Know About Student Financial Responsibility Agreement (SFRA)
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The Student Financial Responsibility Agreement (SFRA) is like a guidebook that outlines financial obligations when students sign up for classes at college or university. It underlines how much students need to pay, how they should pay, and what consequences they would face upon failure to make the payments. Think of it as a heads-up from…
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3 Tips to Minimize International Travel Tax in India
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Are you planning an international trip with your family? Then, you should check out the new tax regime upon TCS (Tax Collected at Source) on international travel that came into effect on October 1, 2023. If you purchase international travel packages totaling above INR 7 lakh per fiscal year, either through offline or online booking,…
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Online Banking Security: What moneyHOP Offer
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India is experiencing a rapid surge in online banking due to the growing influence of FinTech. Every 4 out of 5 Indians prefer digital banking through mobile and sense it as highly convenient. Smartphone penetration, the internet at affordable prices, and government initiatives answer why this obsessive adoption. But there is more to these. Let’s…
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The Advantages of Contactless Remittance Services in a Post-pandemic World
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COVID-19 changed the way we perceive the world forever. Every aspect of life underwent numerous changes, including how we make payments. When social distancing became the norm, the pandemic predominantly accelerated the shift towards digital and contactless solutions across all industries globally. What is contactless payment? Contactless payment is the process of wirelessly completing a…
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Professional Tax Slab In Telangana
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Professional tax is a direct tax levied by state governments in India on individuals earning income through employment, profession, or trade. It’s a contribution to the state’s treasury for the resources and infrastructure used by working professionals. The tax is imposed based on an individual’s income, and tax slabs differ according to the state. The…
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How to transfer money from New Zealand to India
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The Indian population of New Zealand stands strong at 2,40,000 as per 2023 estimates. Better job opportunities, a strong economy, and a high standard of living attract immigrants to this island country in the southwestern Pacific Ocean. The country boasts a conglomeration of immigrants, and the Indian diaspora comes in the top ten. Out of…
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How to transfer money from the United Kingdom (UK) to India
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The Indian population in the United Kingdom stands strong at 1.8 million. In 2023 alone, 253,000 Indians migrated to the UK. Most of them are promising students and skilled professionals. Better job opportunities, higher living standards, and government policies supporting entrepreneurship attract immigrants. For India, the upside is these immigrants in the UK send money…