Sukra - Personal Finance

In public interest and in the interest of banking policy and for redressal of grievances against deficiency in banking services, concerning loans and advances and other specified matters, all banks should
comply with the Banking Ombudsman Scheme, 2006 .
Banking Ombudsman Schema  will enable resolution of complaints relating to certain services
rendered by banks and to facilitate the [...]

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India is the second country in the world to insure deposits. The Deposit Insurance Corporation (DIC) was started in 1962 by Reserve Bank of India. In 1971 Credit Gurantee corporation of India (CGCI) was established. In 1978 DIC & CGCI were merged to form the Deposit Insurance and Credit Guarantee Corporation (DICGC). DICGC [...]

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Gold ETF are exchange traded funds which tracks the price of gold.
Investors can buy/sell units from the stock exchange and each unit will be backed by physical gold held by the custodian of the scheme.
Gold ETF offers investors a way to invest in gold without the need to hold the metal in physical form.
Each Fund [...]

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Gold is valued as a global currency. It is a safe haven in uncertain times and hedge against inflation. You should invest at least 10% of your portfolio in gold.
Demand :-
Mine Production is unable to fulfill the Global Demand. The supply deficit is fulfilled by Gold reserves of Central Banks. Most of the central banks [...]

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Gold – the precious metal. Also called as yellow metal.  Latin name – Aurum. ISO Currency code of Gold is XAU
Gold is measured by troy weight and by grams.
1 troy ounce ( toz ) =  31.1034 grams
1 gram = 0.0321507 troy ounces (t oz)
Carat / Karat :-
Gold is too soft for ordinary use. It is [...]

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