Parag Rao, country head (payments business and marketing) of HDFC Bank, said, "Corporates can gain greater insights and control, while ensuring regulatory and tax compliance through this solution. Together with SAP Concur solutions, we aim to reinvent the way Indian corporates experience business travel." … [Read more...] about HDFC Bank, Mastercard, SAP Concor join hands to manage spending in corporate sector
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FAQsHow can I demat my shares?To demat your physical certificates, you should approach the DP and submit a Dematerialization Request Form (DRF) along with the physical certificates by marking 'Surrendered for Dematerialisation'. Separate DRF has to be filled for each ISIN.What is an ISIN number?ISIN (International Securities Identification Number) is a unique 12 digit alpha-numeric identification number allotted to each security. (E.g. INE214T01019). Fully paid-up equity shares, partly paid-up shares, equity with differential voting/ dividend rights issued by the same issuer will have different ISINs.What are the benefits of a Demat account?One key benefit is the lower risk involved. Threats posed with physical securities in the form of thefts, losses, or damage are completely eliminated with the opening of a Demat account. With the option of holding all investments in electronic form, the holding of certificates will be easy as maintaining physical papers are a tedious job. It … [Read more...] about Demat account opening: How to open demat account in India
Documents required to open a Demat a/c with HDFC BankTo open an HDFC Demat account, you need to walk into the nearest branch of HDFC Bank or login into HDFC NetBanking and fill up the DRF (Demat request form) and submit it along with the necessary documents. A PAN card is mandatory for one to start a Demat account with HDFC Bank. You will have to submit a copy of your PAN card along with the KYC documents when opening the account. In addition to your PAN card, you must provide a few more documents for identification and address proof along with your latest photographs. You must carry original documents for verification in case you are visiting the HDFC branch, though only photocopies of the documents are required for submission. The documents you will have to carry or furnish online are: … [Read more...] about HDFC demat account: Its charges, account opening process, etc.
Interestingly, this is the first policy review post the announcement of Budget for 2020-21, in which the government has postponed fiscal consolidation in the interest of growth. Despite the evident pressure on revenues, the government has increased spending on agriculture, irrigation, rural development, road construction, smart city mission and the like. The government expects nominal GDP (gross domestic product) growth to rebound from 7.5 percent in FY20 to 10 percent in FY21 on the back of continuation of structural reforms, normalisation of financial credit and transmission of repo rate cuts earlier. … [Read more...] about Monetary and fiscal policies need to go hand in hand