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What is International Money Transfer Service?

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International Money Transfer is a service for the transfer of funds from any foreign country to your own country. MTSS, i.e. Money Transfer Service Scheme, is an RBI scheme mainly for the benefit of family maintenance only. The money transfer service scheme makes it simple to send money to family members who live in India or are travelling there as tourists. It is among the simplest methods for sending money to India. The MTSS money transfer service plan is an inward remittance programme that makes it simple and quick to send money from overseas to recipients in India. However, only MTSS allows for personal transfers for family support and international visitors to India. Additionally, no outbound transfers are permitted using the money transfer service programme. To ensure that transfers of foreign currency to India proceed quickly, MTSS has been introduced. The government encourages inward remittances to increase foreign exchange reserves in addition to assisting citizens with money
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Systematic Investment Plans - Investing in Mutual Funds

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A  SIP  or Systematic Investment Plan is a popular mode of investing in  Mutual Funds . As the name implies, a systematic investment plan allows investors to set up a systematic method of investing where they get to invest in regular intervals every so often – could be monthly, quarterly or semi-annually, etc. – instead of putting in a lump-sum amount at a time. SIPs allow customers more freedom to set the terms of the amount they want to invest and fix a pre-defined interval of investment . Mutual funds  are designed for ease of use, allowing investors to own a diverse range of assets. And SIP is a disciplined approach to investing. Investors get to start with an amount that lets them purchase a certain amount of equity fund units which accumulate as the investment period lengthens .    Market Timing Mutual funds are subject to market risks, and it is critical to time your investments precisely to reap the benefits. SIPs eliminate this risk by allowing you to invest in both mark
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Gold Loan Calculation Made Easy: Tips and Tricks for Using an EMI Calculator

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Gold loans have become a popular option for people who need quick access to funds. With a gold loan, borrowers can pledge their gold ornaments or coins to get the loan amount they need. One of the main advantages of a gold loan is that it comes with a lower interest rate compared to other types of loans, making it an attractive choice for many borrowers. However, calculating the EMIs (Equated Monthly Installments) for a gold loan can be a bit challenging, especially for those who are not familiar with the calculation process. This is where an EMI calculator comes in handy. An EMI calculator is an online tool that helps borrowers calculate the monthly installment amount they need to pay to repay their gold loan. In this article, we will discuss some tips and tricks for using an EMI calculator to make the gold loan calculator process easier. 1.  Input accurate information: The first and most important step to using an EMI calculator is to input accurate information. This includes the lo
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