MoneyHop

Tag: managing finances

  • All You Need To Know About Opening A GIC Account In Canada

    All You Need To Know About Opening A GIC Account In Canada

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    by

    Karthik

    GIC, which is short for Guaranteed Investment Certificate, is a widely used investment option in Canada. This is suitable for those who prefer a low-risk, secure investment and a medium for saving their money. GIC provides a guaranteed return over the fixed duration of the contract. This blog covers these topics: opening a GIC account…

  • Swift Code & IBAN

    Swift Code & IBAN

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    by

    Karthik

    Introduction SWIFT Code and IBAN are essential for businesses in international trade and individuals sending money abroad. Despite seeming complex, these codes make global financial transactions seamless. In this article, we simplify SWIFT Code and IBAN, explaining their key roles in banking and payments. They facilitate wire transfers and ensure accurate recipient identification, playing a…

  • Understanding The Basics Of Remittance: A Guide For Beginners

    Understanding The Basics Of Remittance: A Guide For Beginners

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    by

    Karthik

    Introduction to remittance As people move across borders for work and education, it is important to be aware of how international money transfer operates, also known as remittances. Whether you are a worker giving sustenance to your family in the home country or simply helping out a friend overseas, knowing just some of the basics…

  • The Definitive Guide To International Money Transfer With IndusInd Bank

    The Definitive Guide To International Money Transfer With IndusInd Bank

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    by

    Karthik

    In today’s landscape, it’s crucial to excel in the field of international money transfers. IndusInd Bank, an institution, stands out as a choice by offering tailored solutions for both individuals and businesses. This comprehensive guide explores the nuances of IndusInd Bank, ensuring an efficient process for money transfers. If you’re someone who lives abroad and…

  • A Step-By-Step Guide To Making ICICI International Money Transfers

    A Step-By-Step Guide To Making ICICI International Money Transfers

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    by

    Karthik

    Currently, navigating through global financial transactions should be a piece of cake. ICICI Bank, which is one of the most reputed banks in the financial sector, has emerged as a trusted source for easy, hassle-free international money transfers. In simple terms, this quick guideline will guide you through an easy way of utilizing ICICI’s services…

  • Exploring The Options For International Money Transfer Through Axis Bank

    Exploring The Options For International Money Transfer Through Axis Bank

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    by

    Karthik

    Today’s interconnected world needs cheap and safe international money transfers. With economies around the world becoming intertwined and people as well as companies crossing boundaries, moving money from country to country has become an important pillar of modern finance. In this rapidly changing environment, Axis Bank, through its global operations, is establishing itself as an…

  • Streamlining International Money Transfers With SBI

    Streamlining International Money Transfers With SBI

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    by

    Karthik

    With current globalization, which entails connectivity among nations globally, there is a growing requirement for transferring money internationally and doing so securely. There has been an increase in the need for simplified financial services due to increased interactions across boundaries among both individuals and companies. The State Bank of India (SBI) is situated within this…

  • Exemptions From TCS – TCS on International Money Transfer

    Exemptions From TCS – TCS on International Money Transfer

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    by

    Karthik

    TCS refers to a way of collecting revenue through which the government collects a part of its tax directly from the assessees at the time of receipt of certain kinds of payments. Recent changes have been proposed and implemented relating to the TCS regime in India, thereby increasing its coverage to include even smaller-value transactions.…

  • How to Avoid 20% TCS on Foreign Remittances & Money Transfers?

    How to Avoid 20% TCS on Foreign Remittances & Money Transfers?

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    by

    Karthik

    Starting October 1, 2023, foreign remittances from India will attract a fivefold increase in tax, from 5% to 20%. That would mean finding ways of meeting the increased cost for Indian residents sending money abroad while being more judicious in handling their finances. Besides the 4.5% depreciation of the Indian rupee against the US dollar…