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Steps to open Indian Post Payment Bank Account Online

Banking

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May 22, 2021

The India Post Payment Bank (IPPB) one of the largest setup under the department of post. Indian Post Payment bank offers multiple services such as digital saving bank account, current account, third party transfer, loans, insurance, etc. It is easy to open an account at Indian Post Payment Bank. You should be an Indian citizen with age 18 years and above. Your Aadhaar number should be linked with your mobile number to open a digital saving account. KYC verification is mandatory within one year of opening an account. You need to visit the nearest branch for KYC verification.

It is very easy to open Indian post payment bank account online. Here are steps to open Indian Post Payment Bank Account online.

Steps to open Indian Post Payment Bank Account Online

You need to download IPPB application on your mobile to open digital saving account. You can download this app from Google Play. Once you download this application on your mobile you need to follow the steps that are given below.

Open IPPB Mobile banking app and click on the link – Open Your Account Now. By default DGSBA -Digital Saving Account would be selected option.
You need to enter your mobile number and PAN card number. You will get OTP on your mobile number. Enter the OTP received on your mobile number for authentication.
Next step is to fill up your personal details such as your name, address, educational qualification, nomination etc. On submitting this detail your account will be created.
You can access this account via IPPB application. You need to provide your account number, customer ID, date of birth and mobile number in order register on IPPB application.
Once you register and access your account on your mobile app, you will be prompted with OTP on your mobile.
On successful authentication you will be asked to create Mobile PIN which is known as MPIN. Once your MPIN is created, you can access mobile banking services.

Features of Digital Saving account opened using IPPB

Digital saving account can be accessed anywhere anytime using IPPB mobile app.

You can manage your account and avail services such as account balance review, downloading account statement, transfer of funds within bank, transfer of funds to other bank accounts.

You can also pay your mobile, broadband, water, gas bills using mobile app. You can also update your nominee and communication address.

Opening digital account is very easy. You can open the account with a click of a button. Interest rate of 2.75% is offered on account balance. This amount is paid on quarterly basis.

This account can be opened with zero balance. You need not to maintain average monthly balance for this account. You can get free monthly e-statement every month. You can get multilingual customer support

Points to consider while opening IPPB Digital Saving Account

Your age should be 18 years and above in order to open IPPB digital saving account. You need to complete the KYC formalities in 12 months after opening the account.

A Maximum yearly cumulative deposit of 2 Lakh is allowed in the account. In case you don’t complete KYC within 12 months of opening account your account is subject to closure.

Digital Saving Account can be linked to a Post office saving account after completion of KYC within 12 months.

You can get door step banking service. You need to pay Rs.15 for every digital transaction. For cash transaction you need to pay Rs.25 per transaction.

Sovereign Gold Bonds -2021-22 – How and When to Purchase?

Gold Silver

Shitanshu Kapadia

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May 18, 2021

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Sovereign Gold Bonds -2021-22 – How and When to Purchase?

Sovereign Gold Bonds scheme 2021-22 is released. Sovereign Gold Bond is backed by the government of India. It is one of the best option to invest in the Gold.

The Gold price history shows that gold is becoming valuable asset every year. In the year 2020 the price of 10 gm Gold has touched Rs. 57300. If current trends continue Gold price may reach 1 Lakh per 10 gm in next 10 years. So, it really makes sense to invest in the gold. There are multiple options to invest in the gold such as Gold ETF, physical gold and Sovereign Gold Bond. Key features, benefits and method to invest in Sovereign Gold Bonds (SGB) are given below.

Sovereign Gold Bonds scheme -2021-22 – Key Features

Tenor – SBG tenor for the bond will be 8 years. The lock-in period would be 5 years. Investor can exit from gold bond after 5th, 6th and 7^th Year of interest payment. Investor needs to exercise option in order to exit from the gold bond.

Interest Payment – Investor will get additional interest amount every year in the gold bond. The interest rate is fixed as 2.5% by the government. The interest amount is payable after every six months.

Returns – On gold bond you will get returns which is equal to gold price. The calculation would be based on average of the closing price of gold of 999 purity in the previous three working days.

Denomination – Gold bonds denomination starts from 1 unit. 1 Unit is equal to 1 gm of gold. Minimum investment in gold bond is equal to 1 gm. Maximum investment denomination is 4 Kg for individual and HUF and 20 Kg for trusts and similar entities.

Taxability – As gold bonds returns are divided in two parts interest amount and redemption amount. This means taxability on gold bond is also divided into two parts.

Interest earned during financial year is added to annual income of the investor and taxed as per applicable tax slab. If investor is holding the bond until maturity 8 years, then capital gain tax is not applicable on the maturity amount.

Sovereign Gold Bond Benefits

Investment in gold bonds gives following benefits.

Sovereign Gold bond is backed by the government and it is absolutely safe to invest in the SGB. Except market risk there are no risk associated with Gold bond.
You can earn additional fixed interest 2.5% on the issue price. This rate is decided at the time of issuance.
Gold bond provide indexation benefit. This means long term capital gain arising from bond qualify for the indexation benefits.
Investor can do trading of gold bond at stock exchange within specific date. Trading is allowed only after lock-in period is over.
Gold bond can be used as collateral/security against loan. Loan to value ratio is decided by the bank at the time of lending money.

Sovereign Gold Bond 2021-22 Calendar

Sr No	Tranche	Date of Subscription	Date of Issuance
1	2021-22 – Series 1	May 17 – May 21, 2021	May 25, 2021
2	2021-22 – Series 2	May 25 – May 28, 2021	June 01, 2021
3	2021-22 – Series 3	May 31 – June 04, 2021	June 08, 2021
4	2021-22 – Series 4	July 12 – July 16, 2021	July 20, 2021
5	2021-22 – Series 5	Aug 09 – Aug 13, 2021	Aug 17, 2021
6	2021-22 – Series 6	Aug 30 – Sept 03, 2021	Sept 07, 2021

How to purchase Sovereign Gold Bonds?

Gold bonds are sold by scheduled banks except small finance banks and payment banks. These bonds are also sold at stock exchanges BSE, NSE and designated post offices. You need to fill up form and submit the amount for buying the bond.

If you are facing issue in buying gold bond offline, you can purchase it online. Here is step by step process to purchase SGB at ICICI bank.

Step 1- Login to your net banking account of ICICI Bank

Step 2- Go to Investments & Insurance

Step 3 – Click on Invest Online

Step 4 – Select Sovereign Gold Bond and specify the quantity you wish to buy.

You can also make use of iMobile app for buying Gold bond. You will get discount of Rs.50 per gram for buying SGB online.

Best Ways to Grow Your Business via Digital Marketing

Information

Shitanshu Kapadia

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May 14, 2021

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Digital Marketing is one of the best and proven ways to grow your business. Many business owners are not aware about digital marketing and its benefits. Digital marketing and Internet has lot of power. Digital marketing means online marketing to promote brands and products via internet and other type of digital channels. This includes e-mail, social-media, web based advertisement etc.

Digital marketing is more affordable and convenient compared to traditional marketing methods such as print media, television ads etc. You can get larger audience in digital marketing. There are tools and methods available for the digital marketing.

If you are struggling to grow your business this post is for you. In this post, I will share best ways to grow your business via digital marketing. You can reach to new customers and enhance your revenue via digital marketing.

Best Ways to Grow Your Business via Digital Marketing

#1 Content Marketing

Building effective content is one of the best and most popular way to communicate about your product and brands. Content marketing involves building content of text, images and video and publishing it on the popular websites or blogs.

You should make a content that is effective and clearly showing your product benefits. The content created by you should be engaging and inspire audience to share it. You can check with your competitor if they have implemented same strategy. The money required for implementing this strategy is very less and effectiveness is very high.

Also Read – 10 Best Digital Marketing Course in India

#2 Social Media Marketing

Social media marketing is another way to grow your business. Most of the people use social media such as Facebook, Twitter and LinkedIn to stay connected. This means in order to grow your business it is advisable to make use of social media platform.

In order to make use of this method firstly, you need to select the platform that you want to target. Next step is to create advertisement or content that is effective and engaging. You can select preferences such as age group, geography, interest while promoting content. It is easy to track content and take decision based on results. It is one of the best way to promote your content and grow your business.

#3 E-mail Marketing

A large number of people make use of e-mail marketing. E-mail marketing is trusted channel to increase sales and build relationship with your customers.

In E-mail marketing you need to create e-mail list. You can create e-mail list by using customer list you have or you can make use of your website to build e-mail marketing list. The next step is creating content that is engaging for your customer with a link. Once you are done you need to use e-mail marketing tool to send e-mails. You can track that who has opened and clicked. This method is effective only if you have online presence.

#4 Display Advertisement

One of the simplest yet effective ways of digital marketing is display advertisement. You can easily reach a targeted audience and grow your business using online advertisement. Advertisement is made up of videos, photo,s and content. Display advertisement is placed on the third-party websites. Once anyone clicks on the advertisement it refers to your website. You can make use of advertising networks for giving advertisements. Google AdSense is one of the best network for giving advertisements and growing your business.

In the realm of digital marketing, a profound understanding and expertise in Google’s advertising tools can significantly amplify your campaign’s reach. Leveraging the advanced targeting capabilities and analytics provided by these tools, businesses can create highly optimized ad campaigns. This approach not only enhances visibility but also ensures a better return on investment by attracting the right audience. With a strategic focus on these sophisticated advertising platforms, companies can navigate the competitive digital landscape more effectively, achieving notable growth in their online presence.

#5 Business Website

Creating a business website is indeed one of the most fundamental and effective ways to engage in digital marketing and grow your business. Here are some reasons why it’s considered one of the best strategies. To build a stunning website you can take the help of web designers in Melbourne.

You can also build your website yourself using a platform like WordPress. Even if you have never created a website before, WordPress is extremely user-friendly and easy to navigate. Plus, there are plenty of tutorials out there that you can watch on youtube and learn how to create a website step-by-step. Not only will this save you a ton of money that would have otherwise been spent on hiring web developers, but you will have full control of every aspect of the design and be able to make changes at the drop of a hat.

Remember that the business website establishes your online presence, giving potential customers a place to find you on the internet. In today’s digital age, consumers often turn to the web to research products and services.

Over to you –

Digital marketing provides multiple benefits to business owners such as –

Saving time and money
Easy Tracking
Boosting revenue
Improve brand image
ROI is high in digital marketing
Online presence for your business

Looking at multiple benefits and growing internet reach it is advisable to go for digital marketing for your business.

Do you use digital marketing? If yes, share details in the comment section given below.

Small cap stocks of 2021 – More than 100% returns

Stock Market

Shitanshu Kapadia

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May 10, 2021

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Small cap stocks of 2021 – More than 100% returns

Small cap stocks are stock of small companies with low market capitalization. Small cap stocks have high potential of growth and likely to give very good returns. Small cap stocks are volatile in nature. Small cap stocks generally react with market. These stocks perform well when markets in bullish and underperform when market is bearish.

In this post, we will take a look at small cap stocks of 2021 that have generated more than 100% returns for the investors. Before taking a look at small cap stocks of 2021 first let’s take a look at few tips of selecting small cap stocks for investment.

Tips for the selection of small cap stocks

Fundamentals – You should check fundamentals of small cap stock before making investment. The balance sheet of the company should be stable. The debt on the company should be low and cash flow should be decent.

Return History – Return history is another important factor for checking. The company where you will be investing money should have decent track record. You should check at least 5 years return history.

Future Business potential – Future business potential is another important factor. The company where you are investing money should have good future business potential.

Management – Management is important in driving the company. You need to check management track record before investing. Corporate governance is extremely important factor while making investment in any company.

Small cap stocks of 2021 – More than 100% returns

Adani Total Gas

The first small cap stock that have given more than 100% return in 2021 is Adani Total Gas. Adani total gas is in the gas distribution business. Adani Total Gas supplies natural gas to commercial & domestic sector. Adani Total Gas is expanding wings and increasing geographical areas for the gas distribution. The financial performance of this stock is extremely good. This stock has generated 271% CAGR return for the investor in the year 2021.

Tata Steel

Tata Steel is one of the biggest steel making company it is subsidiary of the Tata group. Tata steel is reducing debt and in extreme growth trajectory. Tata Steel has reported growth in the revenue. The strong demand in steel sector is supporting this stock. This stock has grown and doubled its value in last five months. (Jan,2021 to May,2021)

Morepen Laboratories

Morepen Laboratories is pharmaceutical company. Morepen Laboratories profit is growing fundamental of company is strong. Revenue of the company is growing. Recently company has raised fund for the expansion need. In the last five months this stock has doubled its value and given 100% returns to the investors.

Tata Elxsi Ltd

Tata Elxsi Ltd is IT company operates in hardware and software. System integration, support and software development service is main work of Tata Elxsi. The stock price of Tata Elxsi is growing exponentially. The revenue and profit margin of company is growing steadily. Many mutual funds have invested their money in the Tata Elxsi Ltd. Tata Elxsi Ltd has grown 100% in last five months. (Jan,2021 to May,2021)

Gateway Distriparks Ltd

Gateway Distriparks is logistic company. The company business activity is storage and warehousing. Gateway Distriparks is fulfilling logistic needs of many businesses such as automobile, gas and textile. Revenue and profit margin of company is growing year on year. This stock has doubled its price in the last five months.

Should you invest in Small Cap Stocks?

Small cap stocks are not for everyone. Small cap stocks are for high risk investors. If you have high risk appetite you can allocate small part of your portfolio in the small cap stocks. You should do enough research before selecting small cap stock for investment.