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Why there is no VAT tax on loans/interests?
Posted 3+ months ago | 1 answers | 
1 star | Open
Related topics: interest, product, tax, loans, banking
Answer posted by BondStreet 8 weeks ago: Value Added Tax (VAT) is not typically applied to loans or the interest charged on these loans because VAT is a consumption tax levied on goods and services that add value. In the case of loans and interest: Non-Good or Service: Loans themselves are not considered goods or services. A loan is ...
How does working structure in India banking Systems?
Posted 3+ months ago | 1 answers | | Open
Related topics: india, working, structure, system, banking
Answer posted by Finacustech 3+ months ago: The working structure of banking systems in India typically follows a hierarchical model. At the top, there are governing bodies like the Reserve Bank of India (RBI), which regulates and supervises the banking sector. Below are various types of banks, including public sector banks (owned by the ...
How does your software detect and prevent banking fraud?
Posted 3+ months ago | 1 answers | | Open
Related topics: software, banking, fraud
Answer posted by just a person 3+ months ago: Banks and financial institutions use AI and ML to detect various forms of fraud, including account takeover, money laundering, and insider trading. These systems monitor transaction data, user behavior, and market conditions to identify suspicious activities.
Explain marketing strategies for retail business mobilization?
Posted 3+ months ago | 2 answers | 1 star | Open
Related topics: training, retail, strategy, marketing, banking
Answer posted by equilibriumconsultin 3+ months ago: Marketing strategies for retail business mobilization involve promoting products or services to target audiences through various channels, taking into consideration the increasing importance of mobile devices. Additionally, if you're seeking to integrate IT Managed Service Provider (MSP) ...
Does business banking help your business to grow?
Posted 3+ months ago | 3 answers | 1 star | Open
Response posted by Finacustech 3+ months ago: Yes, business banking provides essential financial services, like loans, credit, and tailored solutions, aiding in managing cash flow, investments, and enabling strategic growth for businesses.
What does offshore banking mean?
Posted 3+ months ago | 2 answers | | Open
Related topics: banking
Answer posted by Finacustech 3+ months ago: Offshore banking refers to the practice of opening and maintaining a bank account or financial assets in a foreign country, typically characterized by favorable tax regulations, strict financial privacy laws, and often a stable political and economic environment. Individuals and businesses may ...
Never tried mobile banking. Want to know are they really helpful?
Posted 3+ months ago | 2 answers | | Open
Related topics: mobile, banking
Answer posted by Finacustech 3+ months ago: Mobile banking can be incredibly helpful for many people as it offers convenience, accessibility, and efficiency in managing your finances. With mobile banking apps, you can check your account balances, transfer money, pay bills, deposit checks, and even invest, all from the palm of your hand. This ...
Is it possible to get mobile banking a few months after opening a savings account?
Posted 3+ months ago | 2 answers | | Open
Related topics: mobile, opening, month, saving, account, banking
Response posted by Finacustech 3+ months ago: After completing KYC within a year, the Digital Savings account can be linked to a POSA (Post Office Savings Account).
What’s the difference between mobile banking and internet banking?
Posted 3+ months ago | 3 answers | 1 star | Open
Related topics: mobile, internet, banking
Answer posted by Finacustech 3+ months ago: Mobile Banking is only accessible through mobile devices, whereas Digital Banking is available on multiple platforms such as your desktop, tablet, laptop, etc. With mobile banking, you can conduct transactions via apps or SMS without being connected to the internet.
What is Banking solution company ?
Posted 3+ months ago | 1 answers | 1 star | Open
Related topics: company, solution, banking
Answer posted by psychichealersharma 3+ months ago: To put it simply, you don't need to visit your own branch to conduct banking transactions. You can do it from any location, any time and anywhere in the world
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