What are the financial tools used in 2019? –Random Stuff Blog

Finance is the major part of an individual. All his life an individual finds a way to make money. He goes to school, college, and after completing all the necessary education the main goal is to earn his living. There are a lot of financial tool that can help the individual in keeping his pursuit towards making money. The following are some of the financial tool in 2019 that can be for maintain the good financial status

Payments Bank

Payments Bank like India Post Payment Bank can be used as a daily transaction payments system. It is a very new banking system that provides digital banking services for the people. The only requirement for this bank is the internet and a laptop or mobile phone.

Savings account

Savings Account is the most important for any individual an award winning Bank like BOB or  IDBI Bank is the best account opening locations for you. Why? Because savings bank saves this is the most important factor for generating wealth. You got to save to invest in the first place.

Bank Holiday list

Bank Holiday can be problematic so prior knowledge of the bank holiday can save you a lot of time as well as effort. Google search before visiting the bank branch in order to visit the bank without any hassle.

Money transfer

Either it is a national fund transfer or International Money Transfer the Banking System allows us to transfer money from one account to other using the Net Banking so why not to use it? Instead of visiting the bank branch and get a slow banking function

Annual Report of bank

Keep a check on the Annual reports like Indian Overseas Bank Annual Report where you will find each and every details and business that bank made for that financial year. This will help you in following the next point.

Invest in right product

There are lots of products that you can invest on but there are very few investment options that can open you fortune and annual report helps in determining the product for you. It is a Facts that share market is a scam and you are intended to lose money but as a long term investment in the company bonds the Share Market is good especially for the Bank stock but LONGTERM INVESTMENT.

How Bank Can Change Over Time?-Random stuff Blog

Bank plays an important role in everyone life as it provides the user with various Financial Tools that can help the account holder to meet his Financial Service needs by providing the user with the Bank Function that delivers the user with profit making technology. With traditional banking still in practice but people is slowly and sturdily turning towards the Digital banking. Banks ask the customer to maintain the Monthly balance to provide the service seamlessly.

One of the interesting facts about website is that the most of the websites that are accessible using the Google are just 20 % of the internet and rest is that of Dark Web. Dark Web is a dangerous place where most of the illegal activities are initiated. The other major area is the Deep web, it is a place where all the files and data are stored for the user to access it.

Banks are also part of the deep web and surface web.  All the information of the user and the account are saved in the protected servers which prevents any type of hacking or bypassing the security. This is the reason why Net banking safety is not any concern for the cybersecurity by humans are, as human provides the space for a hacking to take place as hackers uses the social engineering and various other methods to access the user bank data which can be fatal. Due to the Award winning Banking Technology that can deliver the user with the various services like Fund transfer,  Payment Bank, Net Banking, Mobile Banking etc. the use of banking is easy as the banking services can also be used in the Bank Holiday, Festival with in the comfort of the home.

In modern banking technology we can definitely see the use of Crypto currency as one of the major currency used. In future, more of the transparency in the banking system can be seen as all the banking functions are turning digital. This will prevent a lot of fraud and tax evasions and more of the digital currency will be used for all the service.

Facts about Banks- Random Stuff Blog

Banks are the basic requirement for an individual as this determines the wealth and finance of an individual. In this article we will provide you with some fun facts about the bank and Banking sector.

Fact # 1 Non-Bank User

Some 1.7 billion adults worldwide still don't have access to a bank account, according to data released by the World Bank.

Fact # 2 Highest Number of Account opening

In Indian there is a world record of highest number of bank account opening when PM Narendra Modi announced the Pradhan Mantri Jan Dhan Yojana

Fact # 3 Digital Currency VS Physical Currency

. Financial service is provided by the bank in various form and one such form is online banking which uses the digital banking instead of bank notes. Did you know, only 8% of the world's currency is in physical money? We live in a digital world, so it's no surprise that only 8% of all the “money” around the world is physical cash. But no need to rush the bank

Fact # 4 Foreign Bank

Foreign bank has to follow both the rules of the country it is in and the country it belongs.

Fact # 5 Central Banking

Bank holiday is decided by the Central Banking firm which further can be changed in case of special event.

Fact # 6 Biggest Banks

China has the biggest bank in world as well as top 4 biggest banks belong to china.

Fact # 7 Zimbabwe Inflation

The World Bank stopped tracking inflation in Zimbabwe in November 2008 when it reached 79.6 billion percent. One year later, Zimbabwe abandoned its currency. The exchange rate at the time was $35 quadrillion Zimbabwean dollars to $1 US dollar.

Fact # 8 Central Bank Control

Central Bank is the governing body that governs all the countries banks and banking services. 

Website related facts that you do not know about- Random Stuff

The following are the website related facts that you have never seen

Fact #1 Website Optimization

Optimizing your website for the Conversion rate optimization can increase your business opportunity 10 times more than what it would have been without the optimization.

Fact #2 Website Trends

Website design trends changes every year but the basic website functioning and coding remains same

Fact # 3 No of website

There are 1,88,36,63,101 website in the world that operates for different purposes out of which 55% is the Blogging website.

Fact # 4 User Experience

You can build the website User Experience and increase the sales of the website by 30%.

Fact # 5 Top 10 Searches Terms

1	Facebook	2,147,483,647
2	Youtube	1,680,000,000
3	Google	923,000,000
4	Gmail	506,000,000
5	Hotmail	506,000,000
6	xxnx	414,000,000
7	xvideos	338,000,000
8	amazon	277,000,000
9	translator	226,000,000
10	xxx	226,000,000

Fact # 6 E-Commerce website users

There are total of 1.66 Billion Global Digital Buyers in 2017 meaning 1.66 Billion people are using the e-Commerce website

Fact # 7 All device Compatible

Website designs are compatible on any device due to the Responsive website structure used to provide the website change in the CSS Class

Fact # 8 PHP website

Almost all the website around 70% uses the PHP as the coding language for the website developing.

Fact # 9 SEO or Digital Marketing

After the popularity of website, the related business in the SEO that optimizes the website has also become very popular

Fact #10 Mobile first approach

Since mobile is the most used gadget in the world therefore website are providing special attention the mobile visitor by using the AMP that reduces the website loading speed and provide the user a app like experience in the browser.

Fact # 11 Social Media is the king

Social Media is the most visited website in the world with Facebook being on the top.

Fact # 12 Thursday 10:00 AM the golden time

Thursday 10:00 AM is the best time to send any email to the website subscribers

Fact # 13 Landing Page truth

 Landing pages have an average of 70%-90% bounce rate

What Will Be the Future of the Banking Sector?-Random Stuff Blog

The Banking sector is the primary factor that decides the country growth. The number of people participating in the banking operation will result in providing the government with more money to invest in the country development. Therefore, making the financial system a Cashless Economy helps  the banking sector more favored when it comes to the developing countries like India. Demonetization is one such move by Modi government where Rs.500 and 1000 were discontinued overnight which results in massive black money busted.  At the same time, it also increased the use of the New Banking Tech a digital means of payment. Mobile Banking and Net Banking  are used more and people realized what is the need of the Modern banking technology. After that day, there are huge numbers of Payment Bank Savings Account opened which provide 24X7@365 Days Banking Service with out requirement of the account holder to visit the bank branch.  The following are the service offered by the modern banking-

·         Online Fund transfer using NEFT, RTGS and IMPS

·         Average Minimum Maintenance Balance

·         Online Statement

·         Balance Check

·         Cash less transactions

·         Standing instruction to automate the payment

·         Digital wallet payment using the Payments bank

·         various offers from vender when used the digital wallet for payment

Check my other article on-Bank Holiday 2019

What is NEFT Fund Transfer? | How to Guide on fund transfer using NEFT -Random Stuff Blog

NEFT stands for National Electronic Fund Transfer which is a time slot based fund transfer system that is used to transfer fund from one account to other. There are basically two ways which can be used to transfer fund.

• Online Fund Transfer
• Offline Fund Transfer

Online Fund Transfer

Online method of Fund Transfer comprises net banking that enables the user to transfer fund using the internet connection and browser. The account holder needs to login to the bank account net banking portal with his/her login details. After logging in you can use the following steps to transfer funds online.

Adding Beneficiary

• Go to transfer fund and click on the Add Beneficiary option 
• Register the Beneficiary by providing the following details

1. Beneficiary Name
2. Beneficiary Account Number
3. Beneficiary Bank
4. Beneficiary Address 
5. funds transfer limit.

• Now provide the Bank IFSC Code of the Beneficiary Bank 
• Check the details and agree for terms and click on the Submit option
• After Submission an OTP will be sent on your Registered mobile number
• It will take time to add the beneficiary before sending the money. The time can range from 30 minutes to 16 hours.

Transfer Fund

• Transfer fund can be initiated by clicking on the Bank Transfer option 
• Now Select the Beneficiary from the list
• Enter the amount you need to send
• Click on confirm option 

Offline Fund Transfer

Offline fund transfer is easy and can be done from the bank branch. You need to fill the NEFT form that is used to transfer fund. After filling the NEFT Form you need to submit the form along with the amount to the counter.

How Fund Transfer Works?- Random Stuff Blog

Fund Transfer is one of the major services that a bank provides. We all need to transfer funds in order to meet our financial need. Before checking dong the fund transfer you need to check the bank balance. The easiest way to check the bank balance is Missed Call Number. There are various methods that can be used for fund transfer. Basically, fund transfers are of two types-

• ·         International Fund transfer
• ·         National fund transfer

International Fund Transfer

International fund transfer can be done by using two methods

• ·         Wire transfer- Most used system for fund transfer
• ·         Paypal transfer-Wallet transfer which requires you to transfer from wallet to bank account

National Fund Transfer

National Fund Transfer is the transfer that is done nationally form one Indian Bank account to another Indian bank account. There are three different types of fund transfer that can be done with various Types of Account-

• ·         NEFT- National Electronic Fund Transfer
• ·         RTGS-Real-Time Gross Settlement
• ·         IMPS-Immediate Payment Service

To find the Difference between RTGS, IMPS and NEFT check this out

Basically, all three fund transfer is capped by some minimum and maximum fund limit and differs by the timing of the fund transfer. IMPS is used to transfer funds that are under 2 lakhs, RTGS fund transfer is done to instantly transfer the funds and NEFT is done to make the payment which is above 2 lakhs

How to Transfer Fund?

When you initiate the fund transfer then the funds from your bank account are transferred to the clearing office in the RBI. When the RBI Receives the funds then the receiver account is credited with the amount. You can transfer fund by using two methods

• ·         Online fund Transfer
• ·         Offline Fund Transfer

Online Fund Transfer

Online fund transfer can be initiated by using the net banking facility or mobile fund transfer facility using the bank mobile app. Some bank also offers the USSD Code fund transfer which enables a non-Smartphone user to transfer fund by dialing a code.

Offline Fund Transfer

Offline fund transfer is the transfer that is initiated by filling up a form and submitting it to the respective branch office. The office then sends the fund transfer request to the clearing office which then initiates the credit process.

Banking Technology- Random Stuff Blog

Banks have been providing the service for many decades and also changing with the coming technology. The technology and banking integration made a lot of benefit to the people that helped the people to use the bank 24X7 and 365 days even in the Bank holiday. There are various facilities that can be used to do the banking.

Payment Transfer

Payment transfer is the basic feature that is required by the account holder. The bank provides three payment methods that are based on the different requirement of the customer. Like NEFT that is a time-slot based system with no minimum and maximum cap and RTGS which is real-time payment system. IMPS that is best when it comes to payment below 2 lakhs as this has a maximum cap of 2 lakhs. You can transfer the fund by considering this guide-How to transfer Bank Balance using RTGS? And Difference between NEFT, RTGS, and IMPS.

• ·         List of banks providing RTGS Facility
• ·         List of banks providing NEFT Facility

UPI Fund Transfer

UPI Fund Transfer is another fund transfer system that uses the internet with the app and Bank account integration to make the transfer fund. You can find What is UPI Fund Transfer? There are various vendors that provide the UPI app for free.

Payment Banks

Payments Bank is a new system of banks that was introduced by the RBI to meet the need of digitizing and retails market. Payment Bank in India uses a digital wallet that helps the user to pay the retail shops to get the payment using the digital means.

Net Banking

Net Banking is the facility that enables the account holder to use the internet and browser to do the banking facility. It provides numerous options like payment transfer, Automates the Payment in your Net Banking etc. your Net Banking will not work unless you are registered with the bank Net Banking Facility. Also with the proper track of your expense with the transaction facility of the app helps to Manage your Finance and also finding your bank balance. you can also use bank Balance check Number to find the account balance.

Insurance

Insurance is one of the best schemes that offer us the secure the future of our loved ones at the time of our demise. Best example would be the Insurance for Cancer. Cancer is a terminal disease that has a low surviving rate with costly medication. Therefore, schemes like LIC Cancer Cover can cover your family under the security.

PPF Account

There are different t account and scheme that is offered by the bank but only a few are the best one of the best being the PPF Account that enables the user to save some funds for the retirement. PPF Account helps the account holder to gain the attractive interest and tax-free returns with tax exemptions.  This account is guaranteed by the Central Government, therefore, is a very safe tool to invest your money.

Check out my other Articles

• ·         Top 5 Public sector Bank in India
• ·         SBI Different Interest Rate
• ·         Do not visit the Bank on Holidays
• ·         How Banks Make money?
• ·         What is IFSC Code?

Everything about Bank and Its Tools -Random Stuff Blog

Banks are an essential part of a country it is the body that manages the finances of the country and decides how a country performs in terms of the purchasing power and the currency vs currency. Bank provides a lot of tools that manage the finance of the citizen of the country. In this article, we will discuss what is a bank and what is IFSC Code, How to manage Your Finance. How can you Search for the best bank? You can also learn How Cheques work?,  and its tool that is used to use the bank, also learn what can be done by a citizen to make the best manage his finance.

Bank

Bank is a financial institution that is used to save, deposit and use to manage the finance of an individual or organization. When an individual is involved then that is called Retail Banking and when a whole organization is involved that is called Corporate Banking where current accounts are used to perform all the banking activities. Bank uses a lot of modern Banking technology which helps the banks to make the best use of the latest technology in helping the people to deliver the best service.

There are a lot of banking tools that a bank uses to make the function faster and efficient. The following are the tools that a bank uses-

Bank IFSC Code

Bank IFSC Code is used to find the bank details by the clearing office whenever the fund transfer is initiated. You can Find IFSC Code of a Bank by using three methods

• ·         From cheque
• ·         From the Passbook
• ·         From AskBank IFSC Code portal

 Now the question arises what is the Need of IFSC Code. The Bank IFSC Code is an 11-digit alphanumeric number that can be used to find the bank branch details. For Example-Axis Bank IFSC Code consist of 11 digit number of which first 4-digits are the bank code followed by 0 for future use and remaining digits are the bank branch details. Now it is very interesting to know How Bank IFSC Code works?

There are different types of the bank that function is different ways and the customers of those banks are also different.

Public bank

A public bank is those banks that are owned by the Government to provide the banking service. You can check our article on the Top 5 Public Sector Bank in India

Private Bank

As the name suggests Private Banks are those banks that are owned by the Private Institution and organization.

Payments Bank

Payment Bank is a new type of bank that uses a digital means to fulfill the banking need. Basically, it uses an app to pay and digital wallet is maintained for the individual. This type of bank cannot lend money an does not have a physical branch. The best example is India PostPayment Bank that uses IPPB App to provide the Banking service.

Banking features

Net Banking

Net Banking is the most useful and best banking services that a bank can provide. Internet banking uses the internet and browser to provide the banking services you can use the banking services 24X7 and 365 days without any problem. Net banking also automates your payment by Net Banking Automation Payment feature. Even when a Bank Closed due to bank holiday the services is provided by the bank through the internet.

You can check our article on Top 5 Bank With Internet Bank Facility

Unified Payment System

UPI Fund Transfer is a fund transfer system that uses a Unique Id of an individual to transfer fund directly to the bank account of the individual. You can also request the payment from others by using it. This is also a digital means of payment.

Payment Systems

Fund transfers are only done by the NEFT Enabled Bank and RTGS enabled Bank. All the banks provide IMPS System to do the transactions. There are a lot of Difference between NEFT, RTGS and IMPS which is easy to understand. You can check our guide on How to Transfer Funds? By clicking here->How to do NEFT Transaction.

Types of Account

There are different types of account for different needs of the individual but mainly two bank account is used to perform the banking and those are the savings account and Current Account. There is also another account like PPF, FD etc which is a time-bound savings account for example-PPF Account for 25 Years. Savings bank account provides the interest rates on the amount we deposit but has limitation and Current Account does not provide interest rate but does not have any limitation.

Life Insurance

Life Insurance is a very important part of securing the future of an individual. There are different insurance options available in the market. Life insurance companies takes money from you as a yearly deposit and promises to provide the security to the future for certain time. You can also get insurance for Cancer Cover.

It is very hard to find the Life Insurance tool for Cancer as it is a terminal disease and the life expectancy of this disease is very low, therefore, not many companies provide the life insurance.

Balance Check

Balance Check is an essential part of marinating our finance as we have to budget our spending and to do that we definitely need to know our Bank Details and to do that bank has introduced a feature that can be used to find the bank balance y giving a missed call on  Missed Call Balance number. Every bank has a Maintain Minimum Balance requirement that has to be maintained by the account holder so Missed call facility also helps to maintain our bank balance.

Check our article on SBI Account Balance Check to find the account balance of your SBI account.

Why Learning Excel is essential for you? -Random Stuff Blog

Anyone with Data Analytic Training can tell you how important is to learn excel. There are other Data Analytical Tools too but nothing like excel. Excel is a must know skill for Excel as this can make your business grow as this helps in budgeting, Data Handling, and much more.  In this article, we will discuss why you should learn Advance Excel?, and what are the Training Institute for Excel that can be used to learn the Excel.

Benefit of Excel

Excel has a lot of benefits that no other Data Analytical tool provides and these features makes excel unique and the most popular tool in the business world. The benefits of Excel-Tool are as follows-

·         Learning Excel is easy

·         You can merge row ad column

·         The best part of this is the time-saving Shortcut key in MS Excel

·         Tool for merging multiple Excel Sheets

·         Handle Large Data with Excel

·         Excel also helps us in our Daily work like calculation, budgeting and much more.

Where to Learn the Excel?

There are a lot of Excel Institutes nearby you home that can be contacted to learn the excel. Excel is best learned when we get a professional help also it reduces the time to learn this skill. You can also learn Excel online using Youtube or can buy Udemy course. Excel Training is easy and just requires a dedication and a little professional help in Advance Excel Training.

Today there are a lot of requirement of the Data handling experts to make the best use of the time and money of the businesses. Therefore, learning the Excel tool will help you to get more and better performance in the business. 

Let’s Talk About Web Designing - Random Stuff Blog

Having a website has become a must if you want to make a lasting impact on your customer. There is a lot of benefit of having a website and there will be no doubt Why you should have a Website?. There are Different Type of Website that provides different kinds of features like a portal provides a website as a tool which can be used t perform a certain task like an image compressing portal the main revenue of these sites is the ads revenue generated by Google Adsense. Then there is blogging website if you do not have a blogging section in your website then you are missing out a huge opportunity you can read about it in this article-Why you should invest in a Blog?

What so ever the case is the website must have a few things that can make or break a website. The website trend come and go like Latest Website trends in 2019 may not be practical in 2022 but one thing that cannot be changed is the feature that most of the devices rely on Responsive Website designing, website Responsive design makes a website run smoothly in any devices what so ever the screen size is. The website will take shape of the user devices. This is possible due to the use of the bootstrap framework that enables the website to use the grid system. A Responsive Website not only makes the website look good but it also provides a User Interface design that makes the user Experience the user good. It makes the Website that stands Out among the competitor and makes your website look, Feel and perform well.  Then there is Navigation Design that makes your website elegant and impressive.

Now let’s talk a little about Coding part of website development. Coding is essential and a must to have when we talk about the website development. There are a lot of Programme Languages for Website development but one of the most used and by far the best language to develop your website in PHP. There are a lot of reasons to consider PHP for the website development like easy to use, particle, fast and server independent.

One of the most prominent and promising business is the E-Commerce Website Business that is booming and growing like Crazy. There are many-many E-commerce websites and all of them are making a profit. The best part is that there is still a lot of room for growth for new business to start. There are different businesses with different Business Needs as we have disused above. Online Business in 2019 has still a big room of other small ad growing business and a lot of innovation can be done to make a lasting impact and grow your business more.