What are Royalties?
You would have enjoyed lending your ear to Michael Jackson’s ‘Thriller’ or reading JK Rowling’s fantasy novel series ‘Harry Potter’. However, ever wondered how the creators of such world famous works earn their living? It’s mostly through royalties. So, what are royalties? Royalties are payments made by a party to the creator or owner of [...]
What is Money2India?
Money2India is an online money transfer system from ICICI Bank. ICICI Money2India provides a secure electronic channel for transferring money from abroad to your beneficiary bank account in India. For online money transfer, Money2India uses US Automated Clearing House (ACH) network. ACH network enables fast and reliable digital money transfer without using paper instruments such [...]
South Indian Bank Introduces SIB Flash
NRIs in UAE can now rejoice. South Indian Bank introduces a new remittance facility called SIB Flash. SIB is launching this service in association with UAE exchange of Abu Dhabi. As the name suggests, this remittance service is an automatic real-time credit transfer facility with the UAE Exchange Centre. SIB claims that funds will arrive [...]
PayPal to Halt Electronic Fund Transfers to India from August
It looks like Indian PayPal users are in trouble again. One of our readers pointed out that PayPal started sending the following messages to Indian customers.
Standard Chartered Bank Introduces Transfer2Home Services
Standard Chartered Bank, India’s largest International Bank launched an online remittance service under the name Transfer2Home. This service enables NRIs to send money home from US, UK, Singapore, Hong Kong, UAE, and Bahrain. Transfer2Home is private label remittance service introduced by Standard Chartered Bank in association with TimesOfMoney. TimesOfMoney is the leading payments service provider [...]
Western Union ties up with SBI for Account Based Remittances
Western Union, the biggest company in money transfer business has reached an agreement with the largest bank of India, State Bank of India on “account based” inward remittances. This arrangement allows non-resident Indians to transfer money to SBI accounts directly from Western Union agent locations worldwide. Currently, there are 3.7 lakh Western Union agent locations [...]
How can I Save Money on a Low Income
So you think it is not possible to save while earning a low income. Think again. There are hundreds and thousands of people who have been able to not just meet their expenses but also save a small fortune even while earning a low income. All this is possible only if you have the determination [...]
Official: Indian Rupee Gets a Symbol
The currency of India, the Indian Rupee finally gets a unique symbol. Indian government conducted a public contest [PDF] to design the symbol of Rupee. Here is the winning symbol. Jury members of the Indian finance ministry approved this symbol as the perfect design blended for the Indian currency symbol. According to Government officials, this [...]