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Showing posts with the label Currency Notes

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How to Pick Mutual Funds That Beat the Market

  Smart Strategies for Investing in Mutual Funds: A Guide to Maximising Your Returns One of the most well-liked investing options for people looking for expert management and diversification without having to choose individual equities is a mutual fund. One of the easiest ways for people to accumulate wealth over time is through mutual fund investments. Mutual funds combine the capital of numerous individuals to invest in a diverse portfolio of stocks, bonds, and other securities, in contrast to direct stock market investing, which necessitates considerable time, study, and risk tolerance. Mutual funds are a well-liked option for both new and experienced investors due to their expert management and diversification. But merely investing in a mutual fund and crossing your fingers seldom yields the best outcomes. A comprehensive approach that matches the appropriate fund selection and management strategies with your financial objectives, risk tolerance, and investment timeline is nece...

How to differentiate between genuine and fake currency notes?

  The Reserve Bank of India (RBI) is the largest monetary authority in the country. It is also called a bank of banks. RBI only issues notes ranging from 2 rupees to 2000 rupees, except one rupee note in India, because one rupee note is issued by the Ministry of Finance. Now, in such a big view, the supply of fake currency among the supply of money can also not be ruled out.   Some of the features of real currency are as follows, by which fake currency notes can be identified.   1. Security Thread This security thread ranges from a 5 rupee note to a 2000 rupee currency note as well. On the note, it is on the left side of the picture of the Father of the Nation, Mahatma Gandhi. The thread is in a straight line. If someone brings the note in front of the light, then the value of the note, India and RBI starts to shine on this thread. Also, keep in mind that if the note is fake, then rubbing this thread starts to lose its colour.   2. Watermark You must ...

RBI and WHO advised adopting contactless payments

Coronavirus, which originated from China has spread almost all over the world today. Several countries of the world, including India, have declared coronavirus an epidemic. The World Health Organization (WHO) has issued guidelines for the prevention of coronaviruses. Many countries have also issued separate guidelines for their citizens. It is clearly stated in these guidelines that ordinary people should stay away from the victims and do not touch any such thing, which is prone to spreading the coronavirus or any other type of virus. Meanwhile, many financial experts have also said that to avoid coronavirus, avoid as much as possible from cash transactions. The WHO recommends contactless payments in its guidelines to avoid the risk of spreading the coronavirus. However, the WHO has not unequivocally confirmed that the cash transaction can spread the coronavirus. In a press conference on Monday, Reserve Bank of India (RBI) Governor Shaktikanta Das has also advised pe...