Author: Priyanka Anand

Priyanka Anand is a Post Graduate Diploma in Management with Specialization in Finance and Marketing.She likes to share her thoughts with the world. www.priyankablogthoughts.com is a blog site . Blogs are based on the subjects of Business , Finance, Banking, Insurance, Trading & Marketing. The Author gives her own view in her blogs. E-Mail ID : impanand1988@gmail.com

5 Reasons why Tata CLiQ’s customer care policy is way better than any other e-commerce player

Tata Cliq has been around for quite a time in the market now and stands as one of the most reputed brands of all times. It has literally brought about a revolution the nation’s e-commerce market after the launch of its own online shopping portal. It offers a seamless and excellent omni channel experience to consumers which have enhanced their reputation even more when it came to customer support. Take a quick at the five reasons why the Tata Cliq customer support team stands out from the rest today.

The Tata CLiQ customer care numberhas all the answers to your queries and problems and you can certainly rely on it with your eyes closed. Tata cliq have established the concept of Phygital experience which is something quite new in the e-commerce industry and have brought about a revolution in the same. The idea of Phygital experience is to blend the ease of shopping and buying products online. There are many other new approaches that Tata cliqhas taken to excel in terms of customer service.

# 1 Highly responsive

The Tata Cliq customer care is best known for its responsiveness and the way the team immediately goes back to its customers in no time. Irrespective of the fact whether Tata cliq customer is in an emergency or has called regarding just a casual issue, the matter is immediately taken care of. Customers are not lead in a queue until and unless it is an utmost requirement. This is precisely where the customer service of Tata cliq stands out from other e-commerce services.

# 2 Dealing with the complaints sincerely

If you have any complaints, all you will need to do is dial theTata CLiQ customer care number.You can rest assured that everything will be paid attention to by the dedicated team of Tata cliq and they will leave no stones unturned when it comes to keeping a record of your valuable feedback and solving them appropriately. Tata Cliq is known for receiving the least amount of complaint. However, whenever, they receive a complaint the team takes it quite positively and seriously and adapts each and every approach to solve the issue as soon as possible and reverting back to the particular customer.

# 3 In-depth knowledge about products or services

Another reason why Tata Cliq customers are highly satisfied with the customer support team is its extensive knowledge about products and services. The team of Tata cliq customer support is highly knowledgeable and they are quite sincere about providing the right information to customers. You will be provided with each and every details and information before you purchase your product as the tea dedicatedly aims to keep further confusion off the plate.

# 4 The Tata cliq customer care number is a one-time solution

The best part is that they offer a single point of contact and all of your problems will be taken care of once you dial it. Customers need not take the trouble to call in different numbers or wait for call transfers unnecessarily. You can rest assured that you will land in the right place and you will be guided by the right people. All of the team members are well trained and are well aware their tasks and responsibilities. Be it regarding refunds, exchanges, cash backs, discounts, you will be provided with just the right information in absolutely no time. The Tata Cliq customer support team has been known for offering maximum satisfaction to their customers and has left no stones unturned in retaining this reputation. 

# 5 Ultimate customer add-on facilities and services

Tata Cliq has always provided more than the basics to customers when it comes to facilities and services. Starting from cash back, exciting rebates, coupons to exchange offers, customers are bestowed wit almost everything. You can take advantage of everything by using the official website of Tata Cliq. You will have an amazing user experience as the website has everything equipped just in the right way. You can take advantage of al facilities sitting right at the comfort of your home, from purchase, query t delivery and simply enjoy your shopping. The team is extremely dedicated and is known for offering on time delivery of purchased products to customers which sets them out from the rest.

Starting from exchanges, refunds to queries everything shall be taken care of when you dial theTata CLiQ customer care number. You get quickly connected to the crew and the best part is that you attain step by step assistance and guidance from a single agent.

Customers can get full-fledged and continuous assistance till the issue is properly resolved once they are connected and there is no interruption involved. If a customer is in emergency, he is prioritized more and attended with every help he needs in no time. So do not hesitate to make Tata CLiQyou next shopping stop and experience its amazing customer support in case you have any query.

Top 3 Plagiarism Checkers Tools for Educational Assignments

The internet is full of software applications of different categories. When you search online for particular software, several options would be shown on your screen. This does not mean that all of them are dependable. More than half of them would not even work properly. Using such an application has hazardous effects instead of positive ones. For instance, if you are using an unreliable application to check plagiarism, you may end up submitting a copied assignment. This simply means ending up with a bad grade or a rejected assignment even after using a plagiarism checker.

Quality matters and you need to be sure about the reputation of a plagiarism checker before you select one. Here are the top 3 plagiarism checkers of 2019

Plagiarism checker by Prepostseo. 

Plagiarism checker by Prepostseo is an amazing tool for a variety of users. For instance, students need a dependable plagiarism checking tool so that they can submit original assignments easily. If you are working on a detailed assignment, you would not have the time to go through each chapter and get an assurance about whether it has been copied or not. The present time is technology oriented and there is an application for every purpose. To check your assignment for copied content, you can use this dependable tool by Prepost SEO and eliminate all your worries.

Few short steps to check content

Unlike a lot of plagiarism checking applications available on the internet, this application does not comprise of any lengthy steps. The lengthiest of content can be checked in few minutes. You need to start by adding the content which has to be scanned. This can be done by adding the content in form of text or uploading a document. After that, click the “check plagiarism” button and the written content would be scanned. Once the scanning process has been completed, you would know about the parts that have been copied. At times, students do include copied material in their assignments. This mostly happens when they fail to rephrase a part.

Suitable for web content creators

Publishing copied content on your website simply means that your brand would lose its reputation even before it starts getting customers. If you are not using a proper plagiarism checker tool, you are taking a big risk. The Prepost SEO plagiarism checking software is a good alternative for web content creators. When you have prepared the web content, scan it through this tool. In this way, you can get an assurance that nothing has been copied. Once people view copied content on your website, there is no turning back. Thus, it is better to use this tool before you move on to the publishing stage.

  • Turnitin

A high percentage of students studying at different academic levels submit copied content. In most cases, the reason is that they do not use a plagiarism checking tool. This is where the problem starts. Most college and university students believe that simply going through the written content is enough to check plagiarism. However, this is not the case by any means.  A proper tool is required to check content for plagiarism.

  • Turnitin is a quality tool for checking plagiarism in the year 2019. It is recommended for various academic levels including secondary education and higher education. Turnitin is quality software that scans through each line of the document. If a particular section of the paper has not been rephrased, it would be identified.
  • By using this quality application, you don’t have to worry about getting a bad grade due to submission of copied content. This obviously does not happen because the application helps you in rephrasing copied information.
  • As a tool, the usage of Turnitin is not restricted to students only. Academic teachers have to grade several assignments at the same time in limited duration. Hence, it is not possible to check each line manually.
  • A lot of authors do not use a plagiarism checking application before move ahead with his publication. This is a big risk. As an author, you would lose your reputation if a proper plagiarism checking application is not used for checking purposes. With Turnitin, you can be sure that your book does not have any copied content.
  • Plagiarism Checker for desktop

At times, one is not able to use an online plagiarism checking application due to lack of bandwidth or absence of internet activity. In such cases, having an offline plagiarism checking application is essential. A plagiarism checker for desktop is the ideal solution to this problem.

  • This application can be downloaded easily due to the less file size. Whenever you want to check a document, no need to browse the internet. Simply use this tool present on your desktop to determine whether the content to be submitted is 100% original or not.

Summing it up

In an overall manner, it can be said that plagiarism is a serious problem which should never be overlooked. Plagiarism is a damaging factor for students, web content developers and other people who develop content of any form. When we are going through the process of writing, we access several sources to gather enough material. When this material is being compiled, some sections do not get rephrased. If a quality plagiarism checking application is being used, it would be much easier to identify copied content.

The applications listed above are the top 3 plagiarism checking applications of the year 2019. If you are using one of these applications, you can be sure that the submitted content would be completely original. Along with that, all these applications are very easy to use. The user does not need to have advanced technical knowledge to use these applications.

A plagiarism checking application is actually helpful in multiple ways. First of all, you do not have to do any manual proofreading or checking. The application identifies all traces of copied content. Once the application has scanned the content completely, you can rectify the mistakes and submit the content.

Financial Accounting, Its Objects & Functions

To meet the requirements of different people interested in accounting information, accounting can be broadly classified into three categories:

  • Financial Accounting,
  • Cost Accounting,
  • Management Accounting

Now we are going to discuss about financial accounting, its objects and functions.

Financial Accounting may be defined as the art of recording, classifying and summarising in a significant manner in terms of money transaction and events which are in part at least of financial character, and interpreting the result thereof. Accounting is the language effectively employed to communicate the financial information of a business unit of various parties in its progress.

Object of Financial Accounting

The object of financial accounting is to find out the profitability and to provide information about the financial position of the concern. Two important statement of financial accounting are Income & Expenditure Statement and Balance Sheet. All revenue transaction relating to a particular period is recorded in this statement to decide the profitability of a concern. The Balance Sheet is prepared at a particular date to determine the financial position of a concern.

Functions of Financial Accounting

Financial accounting provides information regarding the status of the business and result of its operations to management as well as to external parties. The following are some of the important functions of financial accounting:

  • Recording of Information

In business, it is not possible to keep in memory all the transactions. These transaction need to be systematically recorded and pass through the journals, ledgers and worksheet before they could take the form of final accounts. Only, those transaction are recorded which are measurable in terms of money. The transaction which can not expressed in monetary terms do not form part of financial accounting even though such transaction have a significant bearing on the working of a business.

  • Managerial Decision Making

Financial accounting is greatly helpful for managers in taking decisions. Without accounting, the managerial functions and decision making programmes may mislead. The performance of daily activities is to be compared with the predetermined standards. The variations of actual operations and their analysis are possible only with the help of financial accounting.

  • Interpreting Financial Information

Interpretation of financial information is very important for decision making. The recorded financial data is interpreted in such a manner that the end users such as creditors, investors, bankers etc, can make a meaningful judgement about the financial position and profitability of the business operations.

  • Communicating Results

Financial accounting is not only concerned with the recording of facts and figures but it is also connected with the communication of results. In fact accounting is the source of business operation. Therefore, the information accumulated and measured should be periodically communicated to the users. The information is communicated through statements and reports. The financial statements and reports should reliable and accurate. A variety of reports are needed for internal management depending upon its requirement. In communicating reports to outsiders, standard criteria of full disclosers, materiality, consistency and fairness should be adhered to.

Related Articles:

Difference between Financial Accounting and Management Accounting

Management Accounting And Its Objectives/Functions

Accounting Concepts, Principles and Convention

Advantages & Limitations of Accounting

Meaning of Consumerism

It is well known fact that the products and services usually do not reach to the people’s expectations. If the expected level of satisfaction and the actually attained level of satisfaction are reasonably close, people will tolerate the gap. But if the actual satisfaction level is much low, it means, the gap between what people want and what they actually got  is not same then people will not tolerant the gap and the protest from the buyers arises. This phenomenon had led to a new concept called ‘Consumerism’, a name given to the consumer protection movement.

Philip Kotler has defined consumerism as ‘’a social movement seeking to increase the rights and powers of buyers in relation to sellers’’. Consumerism as a social movement built on the foundation of frustration, dissatisfaction and bitterness of consumers. It is a battle against exploitation and is collective effort of the consumers to protect their interests. It is generally organised by concerned citizen with government support, to protect and enhance the rights of buyers in relation to sellers and rights of consumer in relation to producers. It leads to development of policies aimed at regulating the products and services, methods and standards of manufacturers, sellers and the advertisers in the interest of buyers. Such regulation may be institutional strategy or embodied in a voluntary code accepted by a particular industry or it may result more indirectly from the influence of consumer organisation. Thus, consumerism is:

  • An organised effort of consumers.
  • concerned with increasing rights and powers of consumers in relation to sellers,
  • oriented towards ending the malpractices of business community,
  • aimed at obtaining adequate relief to aggrieved consumers,
  • a movement placing more stress on protection of economic interest and physical safety,
  • a psychological projection of negative attitude of dissatisfied consumers and
  • a movement encompassing various measures and activities of government business, voluntary organisation and concerned consumers to achieve consumer welfare.

Advantages and Disadvantages of Budgeting

The following are the advantages of budgeting:

  1. Budgeting leads to maximum utilisation of resources with a view to ensuring maximum returns.
  2. Budgeting increases the awareness about business enterprise at all level of management in the process of fulfilment of targets.
  3. Budgeting is helpful in better co-ordination between different functions/activities of business/organisation and hence better understanding between different functions.
  4. Budgeting is a process of self-examination and self-criticism which is essential for the success of any organisation.
  5. Budgeting makes a path for active participation and support of top management.
  6. Budgeting enables the organisation to prefix its goals and push up the forces towards their achievements.
  7. Budgeting stimulates the effective use of resources and creates an attitude of cost consciousness throughout the organisation.
  8. It creates the base for measuring performance of different department as well as different functions of production activities.

Despite of the above advantages, followings are disadvantages of budgeting:

  1. Forecasting, planning or budgeting is not an exact science and a certain amount of judgement is present in any budgeting plan.
  2. The basic requirement for the success of budgeting is the absolute support provided by the top management.
  3. Budgeting should be followed up by effective control action, this is often lacking in many organisation which defeat the very purpose of budgeting.
  4. It is only a source and not a target and hence can not take the place of management while it is only a tool of management. Thus, the budget should be regarded not as a master but as a servant.
  5. It requires the experienced man-power, technical staff, analysis, control etc; hence, it is costly affair.

Related Articles:

Meaning and Objectives of Budgeting

Classification of Budgets

Functional Budgets & their Details

Budgetary Control & Objectives of Budgetary Control

Government Budget & Its Importance

Stages Involved in Preparation of Indian Budget

Meaning and Objectives of Budgeting

In our daily life we use to prepare budgets for matching the expenses with income so that available funds can be invested in profitable manner. Similarly, in business budgets are prepared on the basis of future estimated production and sales in order to find out the profit in a specified period. A budget is in the nature of an estimate and is a quantified plan for future activity to coordinate and control the use of resource in a specified period. Thus, budget is a quantitative statement of management plans and policies for a given period and is used as a guide for the purpose of attaining the given objectives. It is also used as a standard with which actual performance is measured. Budgets must be prepared with full knowledge and acceptance by the executives whose performance is to be measured against the budget. Different types of budgets are prepared for different purposes.

Budgeting may be defined as the process of preparing plans for future activities of a business enterprise after considering and involving the objectives of the said organisation. This also provides the steps of collection and comparison of data by which deviations from the plan either favourable or adverse can be measured. This analysis is helpful in performance analysis, cost estimation, minimising wastage and better utilisation of resources of the organisation.

Objectives of Budgeting 

It is well known fact that planned activity has better chances of success than unplanned one. The budgeting is a forward planning and effective control tool. Thus, the objectives of budgeting are:

  1. To control the cost and increase revenue and thereby maximise the profit so as to know the profit at different level of production and best production level.
  2. To run production activities in efficient manner by lay behind the chances of interruption in production process due to lack of material, labour etc.
  3. To bring about coordination between different functions of an enterprise this is essential for the success of any enterprise.
  4. To incorporate measures of calculation of deviations from budgeted results and analysis of the same whereby responsibility can be fixed and controlling measures can be taken.
  5. To ensure that actions taken are in accordance with the targets and if required to take suitable corrective action.
  6. To predict short term and long term financial position for better financial position and management of working capital in better manner.

Related Articles:

Stages Involved in Preparation of Indian Budget

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Classification of Budgets

Government Budget & Its Importance

Budgetary Control & Objectives of Budgetary Control

Here’s Why You Should Always Pay Your Credit Card Bill on Time

At times, when you are short of cash or other payments to make, you might be tempted to delay your credit card payment. Do you know how important it is for you to make credit card payments on time? Are you aware of the consequences? There are people who are ready to pay late fees or even penalty charges. Are you one of them? If you are, in that case, you need to be aware of certain things which might encourage you to make payments on time. What if I told you that delaying your credit card payment can damage your credit score, big time! Besides, there are various other factors which you need to take into consideration

In the following section of this article, you will be offered a brief insight, as to why it is important to make credit card payments on time

Why You Should NeverDelay Your Credit Card Payments

Here are some of the reasons that would prompt you to make the payments on time. Some of them might appear to be negligible; however, they can have a serious impact on your overall financial well being. Here are a couple of reasons that might convince you:

  • Say No to the Collection Agencies: There are many debt collection agencies operating in the market whose main job is to push those who fail to make timely payment. Even if you have a very small amount that has been kept unpaid for many months, can be handed over to the collection agencies. The moment your account is being handled by the collection agencies, your option of making minimum monthly payments is gone! The collection agency is likely to demand the full amount and even at times some additional charges as permitted by the law. They will keep on disturbing you as long as you don’t pay them. This can be really damaging for your reputation. Remember, their job is to collect the money from you. Hence, they won’t hesitate to harass you if required.
  • Lower Interest Rate: If you are late with your credit card bill payment, in that case, it can affect the low-interest rate that you have been enjoying. The credit card companies have permission to increase the rate of interest if you are late with your payment for more than 60 days. There are some companies who charge a staggering rate of penalty interest and can be as high as 30%
  • Late Fees: Companies can charge late fees if you are late in making payment for even an hour past the due date! Not possible? Well, there have been instances. Besides, why would you want to pay late fees in the first place? It can amount to something between $15 and $40. That’s a substantial amount.There is one more thing that needs to be mentioned, your late fee amount might increase if you fail to pay consistently for 6 months. Therefore, it is absolutely necessary for you to make sure that you made your credit card payments on time. It will help you save a lot of money
  • Improve the Credit Score: As far as your credit score is concerned, nearly 35% of it is being determined by the fact whether you have made timely payment of your credit card or not. If you make your credit card bill paymenton a timely basis, every month, in that case, your credit score would shoot up. On the other hand, if you are a defaulter on a consistent basis, in that case, your credit score might get affected big time
  • Low Insurance Rates: It is your credit score that is used by the insurance companies for the purpose of determining the rate of insurance. If you are late with your credit card payment on a regular basis, in that case, it will affect your credit score, as a matter of fact,will lower the score. This will result in an increase in the rate of insurance when it is time to renew it. Making credit card payments on time makes sure that the lowest rate of insurance is being maintained and it also helps to save a lot of money.
  • Lowers Your Monthly Payment: If you miss your credit card payment, in that case, your next month’s bill will be more than double. Wondering why more than double? Well, you probably didn’t take the late fees and penalty charges into consideration. If you think that you skipping the payment for a month would give you some relief, then you are mistaken. The amount will keep on mounting up and there will be a time when it will go beyond your control. Therefore, it is absolutely essential to make sure that the credit card payments are made on time
  • Good Standing: If you keep on missing your credit payment on a regular basis, in that case, the companies do have the right close your card. Your card will be deactivated, even if you have a sufficient amount of credit limit available on it. Unless you clear your previous dues, you won’t be able to use your card. On the other hand, if you make your payment on time and have a track record of making prompt payment, in that case, the company could and generally does, increase the credit limit on the card. It helps to keep your account in good standing

These are some of the reasons as to why it is important to make credit card payments on time. No matter what, you need to make sure that you don’t skip a single payment. As mentioned, you might feel that skipping a payment for a month would give you relief; however, it is temporary, it is going to hit you back quite hard the very next month. Besides, good portions of your credit limit remain used up if you don’t clear your previous dues. Therefore, make it a point to make credit card payments on time

There is one more important factor which is related to making a prompt credit card payment. It is your credit score. You need to remember, that your payment pattern plays a very important role when it comes to determining your credit score. Therefore, in order to make sure that you have a good score and it keeps on rising, you need to make the payments on time and need to maintain consistency.

Are you not in a position to pay a considerable amount of money at the end of every month? In that case, you need to make sure that you use your card in a judicial manner.

Classification of Budgets

Budgets can be classified in different categories on the basis of time, function and flexibility. The different budgets covered under each category are shown below :

1.Classification According to Time

The budget, on the basis of time, may be classified as:

Long – term budget – A budget designed for a long period is defined as long term budget. The period generally is of 5 to 10 years. These budgets are concerned with planning of the operations of a firm over a considerably long period of time. They are generally prepared in terms of physical quantities.

Short – term budget – The budget prepared for a period less than 5 years is defined as short term budget.Generally, short term budget are prepared for a period of one to two years. They are generally prepared in terms of physical as well as in monetary units.

Current Budget – The budget prepared for a period of a week, a month or a quarter is termed as a current budget. They are essentially short term budget adjusted to current conditions or prevailing circumstances.

2. Classification According to Function

Different types of budgets under this head are as follows:

Sales Budget:  This is the most important budget on which all other budgets are based. The sales manager is responsible for preparation and execution of the budget. The budget forecasts total sales in terms of quantity, value, items, periods, areas etc.

Production Budget: The budget is basically based on sales budget. It forecasts quantity of production in terms of items, periods, areas, etc. The work manager is responsible for preparation of overall production budget and departmental works manager is responsible for departmental production budgets.

Cost of Production Budget:  Itforecasts the cost of production. Separate budgets are prepared for different elements of costs such as direct material budget, direct labour budget, factory overheads budget, office overheads budget, selling and distribution overhead budget, etc.

Purchase Budget – The budget forecasts the quantity and the value of purchases required for production. It gives quantity wise and period wise information about the materials to be purchased. It correlates with sales forecast and production planning.

Personnel Budget – The budget anticipates the quantity of personnel required during a period for production activity. This may be further split up between direct and indirect personnel budgets.

Research Budget – The budget relates to the research work to be done for improvement in quality of the products or research for new products.

Capital Expenditure Budget – The budget provides a guidance regarding the amount of capital that may be required for procurement of capital assets during the budget period.

Cash Budget – The budget is a forecast of a cash position, for a specific duration of a time for different time periods. It states the estimated amount of cash receipts and cash payments and the likely balance of cash in hand at the end of different periods.

Master Budget – It is a summary budget incorporating all functional budgets in a capsule form. It interprets different functional budgets and covers within its range the preparation of projected income statement and projected balance sheet.

3. Classification According to Flexibility

Budgets can also be classified in the following categories:

Fixed Budget – A budget prepared on the basis of a standard or fixed level of activity is called a fixed budget. It does not change with the change in level of activity. If the output and sales do not fluctuate from year to year or if an accurate prediction of the same can be made, a fixed budget can be prepared.

Flexible Budget – A budget designed in a manner so as to give the budgeted cost of any level of activity is termed as flexible budget. Such budget is prepared after considering the fixed and variable elements of cost and changes that may be expected for each item at various levels of operation.

Related Articles:

Functional Budgets & their Details

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Transferring Money to India from Abroad: Challenges & Solutions

Transferring money to India from abroad isn’t as much of a challenge today as it used to be a few years ago. The rise of online money transfer companies helped a great deal. These services provided a cheaper and more efficient alternative to bank transfers. This, in turn, has had a positive effect on the development of the Indian economy as a whole.

There aren’t many international money transfer companies operating within India yet. And those that do, often offer somewhat limited services. However, the increasing demand is sure to change this situation soon.

The Growing Need for International Money Transfers to India

Today India is at the top of the remittance receiving countries in the world. Indians working abroad sent over $68 billion back to their homes in 2016. This amount has been growing at a fast rate over the last decades and it shows no signs of stopping.

In fact, it grows faster due to the increased availability of money transfer services. The majority of all remittances, go to rural areas. People there rarely have access to banks. However, today you can benefit from the convenience of transferring to India with online providers. It’s easier for the average person from a small village to get to a computer with an Internet access than going to a bank. Therefore, such online platforms make it possible for more immigrants’ families to get the help they need.

With such a huge contribution to the country’s economy, it’s safe to say that online money transfer companies play an important part in improving the Indian economy. However, remittances aren’t the only way, through which these services help the country prosper.

Today, India is the second most popular destination for outsourcing in the world and the first in some industries. For example, India is the leader for IT outsourcing, and the IT industry is the fifth biggest in the country.

Businesses that outsource their services to India and everyone who hires freelancers from this country need to pay them for their services. The limitations associated with traditional banking routes are the same for these businesses. Therefore, they need alternative solutions to make this kind of outsourcing beneficial for them. Online money transfer platforms give them exactly what they need. Thus, they help increase the demand in the Indian workforce and create new jobs.

Challenges of Transferring Money to India from Abroad

Both immigrants and businesses that outsource to Indian professionals can appreciate the benefits of online money transfer companies. The main reason for this is that they can save quite a bit of money with their help.

Traditional bank transfers and services of companies like MoneyGram or Western Union can result in losses of 5-10% of the transfer amount in fees. Online money transfer platforms charge small fees, if any. And when using them, you can also get a better currency exchange rate, which helps you save further.

You also shouldn’t forget that traditional money transfers take a lot of time. Sometimes you might need to wait for up to a week before you can use the money. With online money transfers, you can get them in a few hours or a couple of days max.

The ease of use is another benefit that makes these companies more attractive. Some of them don’t even require for you to have a bank account in order to receive a transfer. All you need is a smartphone and an app that will provide you with all the necessary instructions on how to get your money.

On the other hand, the complexity of the banking process is notorious. Therefore, you might need professional help in order to understand all the intricacies connected with bank transfers coming from abroad. Never skip the fine print in Terms and Conditions, regardless of whether you use a bank or a money transfer company. This is the part of important paperwork where less trustworthy businesses hide nasty loopholes.

Please bear in mind that in India, all foreign currency transactions are regulated by the Foreign Exchange Management Act of 1999 and Foreign Exchange Dealer’s Association of India.

Money Transfers to India: Examples of the Best Companies

Payoneer

If you want to be confident in the security of your transfers, you should go for the company with a long history of excellent service. Payoneer in India is a fine example of this. It has over three million clients worldwide, and this number is growing constantly.

Payoneer transfers to India are specifically designed to be a great solution for freelancers. Their main benefit is that you don’t even need to have a bank account to use this service. This means that Payoneer offers a fantastic opportunity to the people in more rural areas, who don’t have easy access to banks.

Currencies Direct

Currencies Direct is one of the leading money transfer companies in the world. Therefore, it’s not surprising that it contributes to the huge and demanding Indian market. The company even has an office in the country. It’s a proof of commitment and trustworthiness that not many online money transfer companies offer today.

This company, however, doesn’t accept clients based in India. Therefore, it provides only inbound transfers for the country. On the other hand, the terms and rates offered by the company are very good, so everyone can benefit from its services, regardless of the transfer volume.

Money Transfers to India from Abroad: Final Thoughts

The market for money transfer services in India is huge, growing, and rife with opportunity. The coming of online transfer companies made a big impact on the country’s economy. However, there is still a lot of room available for companies willing to take the risk with working in India.

As both the outsourcing and remittances continue to increase, so will the appeal for the providers of these services. It’s true that the economy of India can be rather unstable, and such a volatile environment is a big risk for any financial service providers. But the positive changes, partially brought by the fact that transferring money to India has become cheaper and easier today, improve the situation as a whole. With more stability, more companies should be willing to provide India with options for effective and affordable money transfers from abroad.

5 reasons to buy health insurance before 30

With the rising costs of medical care and surge of various diseases due to current human lifestyle, health insurance has become a must for every person. A case of medical emergency can enter anytime in a person’s life and hence financial advisors suggest that every person should buy a health insurance policy in advance. A lot of young people who are in their happy twenties think that a health insurance is something that they should reserve for their thirties to worry about. However, it is important to understand that investing in a health insurance policy early come with a lot of benefits and has nothing to do with whether or not your health is suffering today. Here are 5 reasons why you should buy health insurance before 30.

1. The younger you are, the cheaper it is

How much you pay as health insurance premium is highly dependent on your age. It can adversely increase post 30. Consider for example, if you buy a health plan worth Rs. 5 lakhs at age 25, you would be required to pay a premium worth Rs. 5000. But if you were to buy the same policy at the age of 35, the premium would cost you way more than before with no change in your health indicators. Hence, book your health insurance policy as early as possible. The younger you are the lower is the premium.

2. Sedentary lifestyle

Hectic schedules and desk-jobs have hampered our lifestyles at great extends. Problems related to cholesterol, diabetes, heart, lungs, and even orthopaedic concerns are no longer age bound. These problems can occur to anyone at any time. They do not wait for you to be middle-aged. Stress is a common cause nowadays known to take a toll on young people. Hence, it is always advisable to go for a health insurance plan early in age and not wait for something serious to happen to you.

3. Your employer cover is not sufficient

With the healthcare costs exponentially rising, the need of health insurance for every person cannot be ignored. You can always check the cost of one week’s hospitalisation and compare it with the coverage that your company provides. It is never sufficient. If this is not convincing enough, you can always think of the frequent medical care you will need when you grow old.

4. For availing advantages

There are certain parts of the health insurance plan which require you to go through a waiting period for an existing disease or illness. You might not require these benefits immediately at a young age but you do in case of emergencies when you grow old. You might not be able to avail these benefits due to the waiting periods then. Therefore, between the 20s and 30s, it is always the right time to buy a health plan.

5. It is just better financial planning

Along with the lower premiums and various other benefits, buying a health insurance plan at an early age helps in financial planning. These policies help you in your emergencies and medical expenses, thus allowing you to invest your hard-earned money is a better future for yourself.

Now that you have all the reasons to buy health insurance at a young age, you shouldn’t be wasting time. Book the best plan before you turn 30.