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Daily Archives: October 15, 2018

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What are cash rate, tom rate, spot rate and forward rate?

Foreign ExchangeBy Surendra NaikOctober 15, 2018

Cash/ready rate, tom rate, Spot and forward rates are settlement prices of  cash, tom, spot & forward contracts. The cross rates are exchange rate between two currencies computed by reference to a third currency, usually the US dollar. For example, USD is used to compute a business transaction between India and Germany although USD is…

Investments in Sukanya Samriddhi Account

Wealth ManagementBy Surendra NaikOctober 15, 2018

What is Sukanya Samriddhi Account scheme? Sukanya Samriddhi scheme is launched with a view to encourage savings and to promote the education of girl child. The money saved under the scheme will be convenient for pursuing higher education of girl child and incentives to parent/guardian under the Income-tax Act. Who is eligible to open Sukanya…

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