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Showing posts from June, 2024

Who are angel investors? How are they different from Venture Capitalists?

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  Who are angel investors? How are they different from Venture Capitalists? India now has the merit of being the third biggest start-up ecosystem in the world having more than 90,000 startups in 2023. What is the key ingredient for a successful start-up? You would say a unique and groundbreaking business idea. While this is true, if you do not have funds to back your business venture, you may not be successful or may take a long time to reach your destination. Therefore, capital requirements are one of the main components for a successful business venture and this is where angel investors and venture capitalists come into the picture. Are you among the lot that think they are the same category of investors, then this blog is for you.  Check out this blog to learn the meaning of angel investors and venture capitalists and the basic differences between the two.  Read More:  What is angel tax? – Meaning, Exemptions, Penalties   Table of Contents     hide ...

All the details you should know about RBI’s UDGAM portal

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  All the details you should know about RBI’s UDGAM portal Did your parents or grandparents have bank deposits that they have just not claimed due to some reason? Well, RBI just provided a solution to this issue. A couple of months back, in April 2023, the RBI Governor announced the creation of a  centralised portal  that will help depositors or their beneficiaries get access to their unclaimed deposits and claim them after due verification. The portal is now live with 7 banks integrated into it. Learn all about The RBI UDGAM portal in this blog and how you can claim your unclaimed deposits from the registered banks.  Read More:  Why did the RBI decide to allow trade payments in INR?   Table of Contents     hide   1   What is an unclaimed deposit? 2   What is UDGAM? 3   List of banks on UDGAM portal – latest updates 4   How to register on UDGAM? 5   How to check unclaimed deposits using the UDGAM portal? 6   Conc...