Banking Concepts

Are you planning to invest in gold? Do you know what is the best way to invest in gold? Is gold a good investment for long term? If the answer is yes, you probable need to learn how you can manage your money to invest in gold for the long term.

Gold is one of the most popular and demanding jewelry metal. Investing money in gold is worth for many reasons. The requirement of gold will never go down due to demand in gold accessories for various important occasions e.g. marriages. It is always better to buy gold in raw form instead of jewelery as in long run jewelery will cut down its value.

Let’s find out how one can invest in gold for long term to gain some really good return with  info graphic mentioned below.

How many of you are aware of the term “Payment Bank”? Do you know what is the objective of payment bank?

Payments bank allows companies to collect deposits, offer Internet banking, facilitate money transfers and sell insurance and mutual funds.

What is the objective of the payment bank?

                                   Find IFSC Codes Of A Bank

The video tells about, how we can find the IFSC code of a particular bank. Because every bank has its own IFSC codes. We just need to write the particular name of a bank in the google. Here are the following steps, to find IFSC codes of a bank:-

1. Where the particular name of a bank in google.

2. Select the option from following.

3. Click on the name of the bank.

4. Page of a particular bank will be open.

5. And at bottom there is the IFSC code of a bank.

                                                   International Money transfer

Sending money Internationally has never been easier. International money transfer is an easy method to transfer money to your friend or a family memeber out of your country. With RBC online banking Access, you can send money 24/7 from any where you have internet access, to more than 120 countries worldwide. RBC is 100% secure.

How does International Money Transfer work?

1. Sign in to RBC Online Banking.

2. From the Pay Bills and Transfer Funds page, select International Money Transfer from the menu. It is on the left side of your screen. To complete your transaction, you need some information:

 a. Full name and address of the person you are sending money to.

b. Recipient's account number, in some countries it is known as IBAN (International Bank Account Number)

c.  Bank and business identify your code SWIFT/ABA Routing Numbers. And if you don't have this information, please ask the recipient to provide you with this.

Confidence tricks, advance-fee fraud and lottery fraud are some of the types of frauds. But these are not all. There are some more like tax avoidance, insurance fraud, offshore investment scams, marriage fraud, payment card fraud and pyramid schemes.

Social engineering tricks are played on the internet to fool people and extract their personal data, banking details and passwords out. One of the techniques is “phishing”. In this, some fake communication is made by the fraudsters and it includes emails, pop-upwindows and instant messages and they all seem to come from a genuine source. Interception is another means of doing so. But apart from this, computer dangers pose a huge threat to your bank account.

To overcome this, we must use bank codes. Anyways, below are some statistics to show you the number of people getting affected and HOW. Check this infographic out.