How to apply for Paytm First Credit Card | Paytm First Credit Card

Paytm First Credit Card: Paytm has expanded the scope of its financial services. E-commerce payment system and digital wallet company Paytm has also issued its credit card. Paytm has partnership with Citibank to start this facility. Paytm CEO Vijay Shekhar Verma gave this information by tweeting that the Paytm First Credit Card has been started in association with Citi Bank. Paytm has started this through Visa Payment Network in association with Citibank.

Paytm First Credit Card will be valid worldwide

Paytm's first credit card will be valid worldwide. According to Vijay Shekhar Verma, chairman and CEO of Paytm-owned One97 Communications, this will lead to cashless payments. Many good offers will also be available on payment through Paytm First Credit Card during eating, travelling and shopping etc.

Special offers of paytm first card

(i) You will get unlimited Cashback of 1% which will be automatically credited to the card every month.

(ii) No hidden fees or charges.

(iii) A fee of Rs 500 will be waive off annually for purchases of more than Rs 50000 annually.

(iv) Valid worldwide

(v) Contactless enabled

You can apply like this way

Paytm customers will be able to apply for this card from their Paytm app. After the card is issued, they will get a Paytm promo code of up to Rs 10,000 for the first four months. However, to redeem it, customers will have to make a purchase of at least 10 thousand rupees. For this, you can also see the complete information about the transactions done through this card on the app of Paytm.

What is the meaning of FII FDI and FPI ?

You must have often heard the words FII FDI and FPI investors in the stock market, today we will talk about these three words FII FDI and FPI.

Foreign investment by an individual or company into an Indian company is called foreign investment.


(i) Foreign Institutional Investment (FII) - When any foreign company or individual invest in another or Indian company up to 10% of the share is called foreign institutional investment and this type of investor is called foreign institutional investor.

(ii) Foreign Direct Investment (FDI) – When any foreign company invests in another or Indian company more than 10% of the share is called foreign direct investment.

(iii) Foreign Portfolio Investment (FPI) - When any foreign company or individual invest in other countries or Indian securities such as shares, government bonds, corporate bonds, convertible securities, infrastructure securities, etc. is called foreign portfolio investment. The investor who makes this investment is called a foreign portfolio investor.

History of ATM and its types | John Shepherd-Barron

The history of ATM (Automated Teller Machine) begins in the 1960s. The world's first ATM was installed by Barclays Bank at its Enfield Town branch in London in June 27, 1967 and it is invented by Scottish inventor John Shepherd-Barron.

ATM penetration in India occurred in the late 1980s. They were started by some foreign banks like HSBC. India's first ATM was set up by HSBC Bank in 1987 in Mumbai. At present, there are two main types of ATMs operating in India:–

White Label ATM - These ATMs are set up, owned and operated by non-bank entities. They serve banking services to the customers of all banks and do not display the logo of any particular bank. The Reserve Bank of India has permitted the launch of White Labelled ATMs (WLAs) i.e private non-bank companies to set up, own and operate its brand of ATMs in the country. TATA company launched the first white label ATM in India under the brand name of Indicash.

Brown Label ATM - These ATMs are owned and maintained by a service provider which is a sponsor bank whose brand logo is used on the ATM and it handles cash management and network connectivity.

The Services provided by any normal ATMs Are:
·   Cash withdrawal
·   Cash Deposit
·   Account information
·   Regular bills payment
·   Balance Enquiry
·   Mini Statements
·   Money Transfer

Geographical Indication Tag | What is a GI tag ?

geographical indication (GI) tag or identification is given to an item or product that represents a specific area (e.g. a town, region, or country), is found at a specific or its original place. GI tag is given for their specific quality of agricultural products, natural goods and manufactured goods.

This GI registration is valid for 10 years, later it has to be renewed. Some of the important GI tagged products are Darjeeling tea, Tirupati laddu, Kangra painting, Nagpur orange and Kashmir pashmina, etc.

Recently Palani Panchatirtham Prasadam of Tamil Nadu temple got GI tag. This prasad is offered at the Dandayuthapani Swamy temple in Palani (Tamil Nadu). Palani  panchamirtham is made from banana, ghee, cardamom, jaggery, honey, etc.

What is a GI tag ?

Geographical Indication is used for products that have a specific geographical area of origin.

The distinctive feature and reputation of these products are also due to this core area.

Such a feature assures the quality and uniqueness of the product.

The GI tag is included as a component of intellectual property rights (IPR) under the Paris Convention for the Protection of Industrial Property.

Internationally GI is regulated under the World Trade Organization (WTO) agreement on Trade-Related Aspects of Intellectual Property Rights-TRIPS.

At the same time, at the national level, this work is done under the 'Geographical Indication of Goods' (Registration and Protection) Act, 1999 (Geographical Indications of goods 'Registration and Protection' Act, 1999), which came into existence from September 2003.

Darjeeling Tea is the first Indian product to get the GI tag in the year 2004. The geographical indication (GI) tag is valid for 10 years after that it has to be renewed.

Many products, including Mahabaleshwar Strawberry, Blue Pottery of Jaipur, Banarasi Sarees and Laddu of Tirupati, Kadaknath Cock of Jhabua in Madhya Pradesh have got GI tag.

Kisan Vikas Patra (KVP)– Eligibility, Features, Interest Rates & Facility of Nomination

Kisan Vikas Patra is one of the post office saving schemes in the form of certificates that was first launched in 1988 by India Post. In this savings scheme, the government of India guarantee of investment protection and also provided with good interest rates. Good interest can be obtained by investing in this saving scheme. At present 7.7% interest is being received. The money invested in this scheme, interest rate would double in 112 months. This post office savings scheme is also known as the short name KVP (Kisan Vikas Patra).

What is Kisan Vikas Patra 

Kisan Vikas Patra or KVP is a form of certificates of the government of India. It releases you as an investment certificate. At present KVP certificates are available in the denominations of Rs 1000, Rs 5000, Rs 10000 and Rs 50000. The minimum amount that, you can be invested in KVP is Rs 1000. There is no upper limit on the purchase of KVP.

Kisan Vikas Patra  can also be taken from online

Kisan Vikas Patra (KVP) has also started getting the electronic form, from April 1, 2016. Before this, Kisan Vikas Patra was found only as a printed certificate.

Rate of interest on KVP- Kisan Vikas Patra 

On the amount deposited through Kisan Vikas Patra, the government is currently giving interest at 7.7% annual rate. According to this interest rate, the accumulated money in KVP would double in 112 months (9 years, 4 months).

Minimum and Maximum deposit limit of KVP

Minimum Rs.1000 can be deposited in KVP. There is no limit to the maximum amount. People can invest money in whatever amount they prefer.

Who can buy KVP ?

Any adult person can buy it in his name or under the name of a minor. Any two adult individuals can also jointly purchase KVP.

Facility of Nomination

You can register your nominee during the purchase of KVP. A nominee is a person who gets the money deposited in the KVP in case of account holder absence or death.

It is also possible to transfer the name of another person.

If needed, the Kisan Vikas Patra (KVP) can also be transferred to another person’s name. For this, you have to apply to the post office.

It is also possible to transfer other post office.

You can also transfer your KVP to another post office if necessary for the change of residence or some other reason.

Facilitating cash withdrawal of KVP

If needed, you can also cash the KVP before maturity period but you can do this only when 2.5 years of your KVP has been completed.

A man behind the Indian Rupee Symbol : D Udaya Kumar

The Indian rupee sign is the currency symbol of the Indian rupee or currency, it is the official currency of India. This rupee symbol is designed by Udaya Kumar Associate IIT Professor at Guwahati. First it was presented to the public by the Government of India on 15 July 2010. Before the adoption of Indian rupee sign, the most commonly used symbols for denote the rupee were Rs or Re.

The design of Indian rupee sign is based on the Devanagari letter "" (ra) with a double horizontal line at the top. It also harmonize the Latin capital letter "R".

On 5 March 2009 for the design of new Indian rupee sign, the Indian government announced a contest to this. During the 2010 Union Budget, then Union Finance Minister Pranab Mukherjee said that the proposed sign should reflect and capture the Indian cultural ethos and tradition

Almost 3,331 application received for creation of new Indian rupee sign, five symbols were shortlisted for this, Nondita Correa-Mehrotra, Hitesh Padmashali, Shibin KK, Shahrukh J. Irani, and D. Udaya Kumar and one of them D. Udaya Kumar sign was selected at the Union Council of Ministers of India meeting held on 24 June 2010. Finally the Ministry of Finance and Department of Economic Affairs of the Government of India had approved this sign and approval was given by Sushil Kumar, Under Secretary of the Government of India.

However, the decision was deferred at the request of the Finance Minister of India, and the final decision was made on 15 July 2010, when they chose the symbol created by Udaya Kumar, Associate Professor IIT Guwahati.

Non-Banking Financial Companies – NBFCs

What are Non-Banking Financial Companies – NBFCs?

Non-Banking Financial Companies (NBFCs) are financial institutions that works like bank but it is not a bank, it offers various banking services but do not have a banking license. It is registered under the Companies Act, 1956 now Companies Act 2013 of India. It is regulated by the Reserve Bank of India (RBI) within the framework of the Reserve Bank of India Act, 1934Which is engaged in the business of loans and advances, acquisition of shares, stock, bonds etc. 

Some Populars NBFCs companies in India as follows

Bajaj Finance

LIC Housing Finance


Dewan Housing Finance Ltd. (DHFL)

India Infoline Finance Ltd. (IIFL)

TATA Capital


L&T Finance

Mahindra Finance

Muthoot Fincorp

NBFCs provide financial services, which primarily involve a debt, and apart from this, different NBFC companies have different types of work.

Types of NBFCs Companies

Asset Finance Company

Housing Finance Company

Mortgage Finance Company

Investment Company

Loan Company

Finance Company

Core Investment Company

Micro Finance Company

Some vital features of Non-Banking Financial Companies -NBFCs

Non-Banking Financial Companies (NBFCs) are registered under the Companies Act, 1956 whereas a bank is registered under Banking Regulation Act, 1949.

NBFCs do not accept demand deposits like banks. Not all NBFCs are entitled to Accept public deposits, only some NBFCs which got a Certificate of Registration from the Reserve Bank of India, Are allowed to accept public deposits. 

(i) NBFCs do not have any payment or payment system. 

(ii) A Non-Banking Financial Companies (NBFCs) do not issue any kind of bank cheque.

(iii) Like banks, NBFC does not issue any kind of demand draft (DD).

(iv) NBFCs do not accept demand deposits from small savings.

(v) NBFCs are registered under the Companies Act 1956

(vi) NBFCs also offers banking services such as loans and credit facilities, currency exchange etc.