Finance

If you invest in Cummins India today, what will your return be tomorrow? What is Return On Capital Employed (ROCE)?

September 27, 2021 by travelbrandindia

What is Return On Capital Employed (ROCE)?

ROCE, or return on capital employed, measures the profitability of a company over the course of one year. It’s calculated by dividing net income by average total assets minus current liabilities. The higher this ratio, the better it is for investors.

What might be some good uses for ROCE?

Investors can use this metric to find out if they should invest in a company because it will give them more money back than other companies may provide. For example, Walmart has an ROI of 18% which means that from their $5 billion in sales last year they made about $1 billion in profits and have been able to sustain themselves with only about $2 billion in assets.

How to calculate?

To measure the profitability of a company, Return on Capital Employed (ROCE) is one of the most commonly used metrics. ROCE is calculated by dividing earnings before interest and taxes by capital employed. In this article, we will discuss what it means to have a high or low return on capital employed as well as how it can be calculated for your company.

In order to calculate ROCE, you will need to know two things:

Earnings before interest and taxes and the amount of capital employed in a given time period. You take those numbers and divide them by each other. So that you only get one number out at the end. Once you have that number, multiply it by 100 so that it becomes a percentage.

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets – Current Liabilities)

Is it Time to Buy Cummins India?

There has been a lot of buzz in the financial world lately about Cummins India. The company’s stock is on the rise and there are analysts predicting that it will continue to go up.

This post will examine what this means for investors who want to know more information about Cummins India and whether or not now is a good time to buy into this company.

First, we’ll look at how well the company has done over recent years and then we’ll take a look at some of their particular strengths and weaknesses.

And finally, we’ll discuss if now might be an ideal time for investors like you to invest in Cummins India stocks with confidence.

Cummins India’s ROCE: Quick Takeaways

Cummins India has been investing for growth and it’s starting to show. The company is reinvesting in new products, which helps them keep up with demand from customers who have high satisfaction rates as well as higher sales volumes over recent years.

Because of increased usage by various industries across Asia Pacific region on account that Cummins engines can be customized according requirements specific needs found only at Indian factories (such customization reduces total cost).

This trend continues even during periods where some investors might expect lower returns – but these funds will help Cummins make up any shortfalls when you consider how much money.

4 multibagger that will make you rich next year. Do not miss!

September 26, 2021 by travelbrandindia

What are your thoughts on investing in the stock market or looking for few multibagger stocks?

You know, that thing where you buy stocks that pay dividends and then watch your money grow over time. These days, it seems like every day is a new opportunity to make some quick cash when you’re paying attention. But don’t let too many of these opportunities slip by!

Because while they might seem easy to find at first glance, after a little digging there’s no telling what could be lurking just below the surface. For example: did you know that GE has had more than its fair share of bumps lately?

I mean, sure the company was able to save face with its latest earnings report but if we take a look back at their past few reports it becomes clear how much trouble they are.

Facebook and Netflix just broke out!

It can be hard to predict the stocks of companies that will make a major breakout and become multibaggers. However, we find that some of the multibaggers of 2021 are able to continue their dream by predicting which stocks will have a breakout year in 2020.

We at SeoRub believe it is necessary for investors to look ahead and position themselves accordingly.

For instance, one way you could do this is by investing in stocks such as Facebook (FB) or Netflix (NFLX). These two companies have been on an upward trajectory over the last few years and we forecast they will continue this trend into 2020 making them prime candidates for investment success.

JITF Infralogistics Limited (JIL) – A Penny Stock To Catch

The global logistics industry is on pace to grow at a CAGR of 3.4% over the next five years, reaching $6.7 trillion by 2022. The JITF Infralogistics Limited (JIL) has emerged as one of the top multibaggers in this sector with its stock price up more than 18% year-to-date and it seems like there’s no end to the growth story for this company yet.

JIL is India’s first private sector player in warehousing solutions catering to both domestic and international clients across various industries such as FMCG, pharmaceuticals, apparel, engineering goods etc., through its network of 1 million sq ft warehouses spread across 50+ locations within India and abroad.

Nelco From Rs. 5 to Rs. 592 Price Range Stock

Nelco is a company that offers a variety of financial services. We offer mortgages, banking and credit card solutions to help people with their finances. Our blog posts will provide you with information on how to make the most of your personal finances.

Nelco’s stock has increased in price from Rs. 5 to Rs. 592, a 500% increase in the last 7 days.

This is not uncommon for stocks with low prices and high volatility, but Nelco has been listed on the stock exchange since 1999 and had never seen such a large rise before this week.

The company does not produce any products or services that would be considered “trendy”, making it difficult to pinpoint why their share price jumped so much without any warning signs until now.

It could be speculated that the recent fluctuations of other Indian stocks have caused investors to scramble for shares of companies they believe can grow quickly without too many risks involved because India continues to experience rapid economic growth while its currency remains stable relative.

Tejas Networks From Rs. 4.99 to Rs. 437 Price Range Stock

Tejas Networks is an IT Company that specializes in providing solutions for data centers, telecom networks and cloud computing. The company has been successful in growing revenues over the years with a compounded annual growth rate of 27%.

Tejas Networks offers three different product lines to cater to customer needs. These are Cloud Computing Services, Data Center Solutions and Telecom Networking Equipment.

With more than 1 billion people expected to be connected by 2020 – it’s no surprise that there is a huge demand for service providers like Tejas Networks who can deliver these services on a global scale. In order to keep up with this demand, companies need access to capital from investors or banks which requires them to have good credit ratings as well as positive long-term prospects of financial stability.

Golden Tobacco From Rs. 4.99 to Rs. 123 Price Range Stock

Tobacco is a subject that has been controversial for centuries, and the Indian government’s recent decision to increase taxes on tobacco products may not be the best solution.

Golden Tobacco Company’s stock price increased from Rs. 4.99 to Rs. 123 in just few days after it was learned that India will have one of the world’s highest tax rates on cigarettes, which could lead smokers to switch their habit or stop buying cigarettes altogether.

We had already explored what this means for Philip Morris International Inc., as well as other companies like British American Tobacco Plc and Imperial Brands Plc who use India as an export market for much of its business dealings with foreign countries such as Japan and China, where they make up 45%.

How To Write A Bearer Cheque and Types in India?

September 25, 2021 by travelbrandindia

When you are at bank, looking for how to write a bearer cheque? Or may be you don’t know about the term bearer cheque.

So, as per the name, Bearer cheque is an instruction of banking to pay off to payee or allocated person/organization for a specific amount by check (cheque).

Can bearer cheque be deposited in account?

It’s a common question asked by multiple users of SeoRub. Then answer is YES, bearer cheque you can in-cash directly to your account but the rule is all details mentioned on the cheque is similar to your bank account. If any single digit or comma is different then you will get the payment.

Bearer cheque sample

Might be still, you are not aware and looking for the sample of the bearer cheque sample, there here as below:

Process of filling the Bearer cheque

As per the sample, date on which you wish to issue the cheque with day, month and year format
Name of the person you wish to pay (Capital letter is most preferred)
If you want to let anyone holding the cheque get the payment then use or bearer name
Mark the exact amount of the value in words
In the box, mention the amount of money in numbers only
Check your saving account number once,
Match your IFSC code number
Above authorized signatory, mark your sign
Mark your cheque number with MICR code

Cheque is available for Current and saving account holder. Ideally, cheque is a negotiable tool for banking.

Types of Cheques

Different type of cheque like bearer cheque, order cheque, open cheque, cross cheque, post dated cheque and others.

Cheque is giving guarantee to withdraw for a specific amount to pay off.

What is a Bearer Cheque?

Bearer cheque is using for cash withdraw from cash counter directly. A bearer cheque can be transferred to another person.

The bearer cheque is a type of check that does not require any identification from the person withdrawing money. Unlike other checks, there’s no specified withdrawal limit for this type of financial instrument.

In fact, the only way to stop someone from taking out more than what they have in their account would be to refuse them service or ask them for additional identification. If you’re interested in learning more about how these work and why people use them!

The best way to get money anonymously

You may have heard the term “bearer cheques” when referring to your bank account. What are they, and how can you withdraw money in this manner? Bearer cheques allow an individual to deposit them into their personal bank account without needing a signature or identification.

However, it is not possible for individuals to withdraw cash in this way. Instead, the bearer cheque will be converted into currency at the time of withdrawal if it has been endorsed by the owner on its back side with words like “payable to order” or “payable“.

The issuer needs only enough funds available at that moment in time for conversion. Keep reading our blog post about bearer cheques and find out more information about withdrawing money using these types.

What is the bearer cheque withdrawal limit?

The bearer cheque withdrawal limit is the amount of money that can be withdrawn from an account at one time. The limit varies depending on factors like where you live and what type of bank you are with.

For example: If you have a TD Canada Trust account in Ontario, your maximum withdrawal limit is $5,000 per day. If you have a BMO account in Alberta or Quebec, then your daily limit is $3,000.

There are other limits to consider as well- for instance some people might not be able to withdraw more than $2,500 without being verified by their financial institution first.

How can get cash payment of bearer cheque?

The process of exchanging a bearer cheque for cash. A bearer cheque is a check that is payable to whoever presents it at the bank or other place where it is drawn.

This type of financial instrument was commonly used in banking and monetary transactions before checks became more prevalent and widely used. They are also known as sight drafts, since they can be cashed “on sight”–that is, immediately upon presentation to the drawee (bank).

The process of converting a bearer cheque into cash usually starts with taking the physical document to an individual’s bank branch or sending it by registered mail. Once there, you would inform your banker that you wish to convert your bearer cheque into cash.

Green Dot Bank increased its loans by $100 million – Share Price Jump

September 25, 2021 by travelbrandindia

Green Dot (GDOT) bank is a well-known company that has been around for over 30 years. It provides prepaid debit card services and payment solutions to its customers. The company’s stock closed at $50.40 on September 24th, gaining 0.18%.

Why GDOT Investors Not Looking For Current Price & Investing in Bulk?

This past month, GDOT increased its loans by $100 million in order to make sure they can continue providing the same level of service as before the financial crisis occurred in 2007 and 2008.

The company also increased their net income by 27% this quarter due to the recent acquisition of Cardtronics and First Data Corp which was largely responsible for an increase in revenue of 4%. However, despite these successes, GDOT (Green Dot Bank) still had problems with their international division where revenues decreased.

Most investors, especially those in the finance industry, are looking for a company that is showing signs of growth. They want to invest in something that they know will increase over time and offer an attractive return on investment. However, GDOT Investors are not looking for current price but rather investing in bulk because their long-term goal is to hold onto what they have until it’s worth more than the original purchase!

About Green Dot Bank

Green Dot Corporation is a financial technology and registered bank holding company that specializes in providing prepaid cards, bill payment services, online banking services, and other value-added financial products.

Green Dot Corporation is committed to delivering best-in-class customer service while maintaining a strong sense.

History

The company was founded by Steve Streit in 1991 as a way to provide lower cost banking for those who were underserved or unbanked.

In 2009 Green Dot launched the first free reloadable Visa card with no fee from the consumer’s primary bank account. It has since been recognized as one of America’s fastest growing private companies by Forbes Magazine.

In 2010, Green Dot Corp became the first prepaid debit card provider to offer an integrated chip for EMV transactions.

EPFO Exit Reasons – Understand the 7 Cause Under Contributions

September 23, 2021 by travelbrandindia

EPF members can choose from a variety of different reasons to exit the organization, but only three are currently available. These include EPFO Mark Exit Reasons and Type i-e Notified By Employer Or Retirement Age Increase Leave or Bonus Earnings Accrual On Filing Form 16 M personally qualified bond fulfillment by an employee.

While he/she is working with employer company over six months on continuous employment without any break exceeding 90 days at least in twelve calendar months before applying this facility.

Trade Unions Special Membership Certificate Grantee having more than one membership certificate granted under section 8(1) (b), 11., 13.(2). 21 – 23, 31, 35, 45, 63, 62, 64, 65, 83, 118, 119, 120, 121, 127, 160, 164a, 167, 180sw & 137.

There are serval type of EPFO Exit as:

1. Retirement

EPF retirement is an easy way to make sure that you don’t get caught unaware. You can retire at any age, as long as your employer allows it and there are no other restrictions in place like mandatory waiting periods.

Before receiving benefits or resigning from one job with another company on the same day without having worked enough hours total between both companies’ presences on earth (the golden rule!).

When choosing this option during updates after filing out a new application form; under PF details select “RETIREMENT.”

DEATH IN SERVICE REason — DEATH IN SERVICE

2. DEATH IN SERVICE

There are many risks to an employee’s life, but there is one danger that stands above all others- death in service.

When tragedy strikes and they lose a loved one during their time at work or while away on vacation; the DEATH IN SERVICE option must be selected for both Employer Data Locker Interface (EDLI) insurance coverage as well as Pension Fund administrator processing purposes.

Because it will update your existing PF information with any remaining funds available from these accounts if applicable. It also ensures you have access through automatic withdrawal notifications should anything happen before retirement like Disability payments would begin being made by.

3. Superannuation account

The year 2030 is fast approaching and there are many of you out there that may be considering retiring. If you’re like most people, the idea of retirement brings about mixed emotions; excitement for some, fear for others.

One thing that’s important to consider is whether your superannuation will last given how much it costs to live these days. The good news is that if you plan ahead and get the right advice from an expert in this area, then yes! You can live a comfortable life after retirement with your superannuation fund intact.

A word of caution though: don’t rely on your spouse’s fund because they might not have enough saved up by the time they retire too.

Many of us are unaware that we have a superannuation account. If you’re not sure, contact your employer and ask them to send you the details. There is no time like now to start looking at this for yourself so that one day, when retirement comes knocking on your door, you’ll be able to answer with confidence.

4. Be prepare about PERMANENT DISABLEMENT

“What is it with you people? You are all so damn eager to throw your lives away. I mean, sure, if you’re gonna die anyway. Then go ahead and do what ever the hell you want but please think about the rest of us who have to live in this shitty world that’s falling apart.”

This is not a story for those seeking an inspirational message. It’s about how some people end up permanently disabled due to unfortunate circumstances.

If you’re a permanent disablement account holder, this post is for you. We all know that some days are better than others and those days can be really hard to get through. You may have some questions about what can happen if your funds are not there when the day comes where you need them most.

5. CESSATION (SHORT SERVICE)

It’s not always because of poor performance, sometimes there are other reasons for a termination letter. Provident Fund account holders might have been laid off or their contract has expired.

But before you panic and start looking for another job, let us share with you the process to take if your company sends you an “CESSATION (SHORT SERVICE) – Any Other Reason” letter.

Check Your Notice Period– If your notice period is less than 30 days, then it means that the employer wants your services just until the end of this month. This will be indicated on your notice as well. The date specified in this case should also be written down on a piece of paper.

6. Exit reason is death at service

It is a sad day when your provident fund exit reason is death. The good news though, it’s not the only way you can access that money. In most cases if someone dies away from service, they have two options: to take a lump sum payout or to transfer the balance of their account into an IRA for beneficiaries.

A man’s life is but a walking shadow, a poor player that struts and frets his hour upon the stage and then is heard no more: it is a tale told by an idiot, full of sound and fury, signifying nothing.

All our joys and sorrows are such as these; they come unsought we know not how or why; we say we feel them coming; but when they arrive there is neither shock nor surprise.

No one can tell what will happen in the future, so don’t get too excited about your retirement just yet!

7. Short service notification due to Employee Ill Health

“Employee Ill Health” is a phrase that many people in the UK are familiar with. It’s a reason for early retirement, and it can be used as an excuse to take time off work.

There are also cases of employees getting ill while working, which means they have to take more time off work than expected. The employee may not get their full entitlement because of this, so they would want to use one of the other reasons for leaving provident fund schemes.

If you find yourself with a disability or other medical condition that prevents you from working for more than three months, then it may be worth considering getting out of your current position and looking for another one where you can work part-time or remotely.

You never want to give up on your career because of injuries but if the only way that will allow you to work is by doing something else, then it might be worth exploring this option before resigning under bad terms.

Conclusion (Final Remark)!

It’s important to know the different types of exit reasons for updating EPF date of exit. Because it will help you make informed decisions about how and when you want to leave your job.

Knowing what options are available on the employer portal can help guide your decision making process, but be aware that there is more information than just three PF Exit Reasons (EPFO Mark) options!

We recommend clicking through this blog post link above for a full list of all 7 possible EPF mark exits with explanations as well as an explanation of the various potential impacts they may have on your retirement benefits.

Cancel Cheque Image – How To Cancel for PF & Banks

September 22, 2021 by travelbrandindia

Mostly when you are submitting the Cancel Cheque for bank document then required image of it.

What is cancelled cheque?

Cancelled cheque is required for most of the bank verification document. Once you cancelled the cheque and click the image from your camera. Then forward for your financial proof.

A cancelled cheque will help you to provide information of IFSC code, Account number and branch code to fulfill and for a valid proof of it.

How to cancel cheque image?

You can cut the cancel cheque by double cross line and mark as cancel without signature of your own. Click the photo of it and forward the image of the proof to authority company or person.

You can use your cancelled cheque sample image for pf, SBI, PNB, ICICI, HDFC, Allahabad, Axis Bank. This will help you to image download and forward for it.

Use of Cheque in Internet banking in Lockdown/Unlock conditions

Using internet banking today is a good thing while all activities are locked. Withdraw the money from your bank with the help of ATM card either sometimes they are going to the bank with the help of cheque.

If anybody is required then with the help of cheque you can transfer your money to someone without going to bank and we can use your check with the help of a time limit and a limited amount of money.

The best part of cheque is you don’t have to go anywhere you just sign a cheque with the specific amount and you can transfer money to anyone directly into the account of the requested person.
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Nowadays many things are so easy but you think just too complicated into the banking system. One of them is as cancel check for account proof and validation.

Where is the use of Cancel Cheque Image?

Example: for any financial activity, then you have to submit to cancel cheque towards that particular company of employer. You are trying to open a demat account or you are trying to use some financial activity and then you have to submit a cancelled cheque to link your account.

How to use cancel check if anybody for account linking or proof submission?

This is a challenge, I had experience with the older age guys. That’s why I am writing this particular article to help out that particular person who is actually don’t know what is the cancel cheque meaning, what is the meaning about cancel cheque leaf?

How they can use cancel Check image file without going to bank and they can cash out your money?

Benefits of cancel cheque and what is the meaning of cancel cheque?

Cancel cheque is beneficial for many places like whenever:

You are going for any online transaction
For offline transfer in between one account to another account
Required for cancel cheque for verification services.

When a cancel cheque is required?

Cancel cheque is required for many places here is the list of following requirement:

A bank account opening
For a loaning
Investment purposes
To receive a payment
Insurance policy
For salary account submission

How to create a cancel cheque?

This is the common question that was asked by many readers in the comment section. Here is the answer and process to create a cancel cheque.

Process 1: Get a copy of cheque and and in the middle of check & draw two parallel cut sign in between.

You can use a pen and that particular pen is not be eligible with the help of any kind of eraser. Make sure! because sometimes many person is using Gel pen. To ensure that to create a leaf for a cancelled cheque never use any pencil other any kind of equipment that can be visible on your check it can be a violation of the process of Banking policies.

Process 2: You have to Mark CANCELLED sign in between of the cancellation of a cheque.

You have to be very careful that whenever your marking cancelled name. It will be all in capital letters.

By using this kind of tactics you can create a cancel check with the using of leaf and with the help of two parallel sign in between of cancelled cheque name.

Video Cancel Cheque Image leaf

Cancelled Cheque for PF Images

PF (provident funds) are the money that you had earned while your lifetime journey. But when you are going to get the money of PF amount offline in bank queue.

Then cancelled cheque for pf images are required to in-cash. For your option you can use your bank passbook to withdraw the money of pf.

A cancelled cheque you to have submit to your bank to get the money for your livelihood. This cancelled cheque for pf images are helpful now because in covid lockdown. No one is ready to move anywhere.

This is the best way with cancelled cheque images for pf withdrawal. Hope this section can help you if you are old age identity.

What is alternative for Cancelled cheque?
If you don't have any cheque at the time of documentation then you can use your passbook first page for account details.

The Reason behind cancelled check verification is get MICR and IFSC code to match and link towards the beneficiary accounts.
What to take care while giving passbook first page as verification document?
You must have to provide first page in copied version. It can be any online version or photo state (Xerox) copy. And you have to sign on those document and mention the reason for that document with current date.

This will protect your document for any other misuse and while signature and date there are no any other usable document.
Should cancelled cheque be signed?
For those who enjoy the feeling of pen on paper or want to make it look like you have money in your account even though really don't, cancelled cheques might be worth signing. But for everyone else – no way!
Can you a cancel a cheque online?
“Hey, it's great that you can cancel your cheque online from the comfort of home. You've just paid rent but are not sure if giving them a check will be okay?”

“Online banking has made this process much easier for people who don't want to go through all that trouble and headache! All they need now is their phone–they'll even get an alert on how long until their payment clears.”

Why Cancelled Cheque Protection Important?

Use of cancelled cheque purchasing insurance policy, demant account, KYC process. All these are some of the recent banking services that has gained popularity across the globe.

Have you had a cheque cashed recently?

If so, the bank may have asked for some identification. They do that because it’s an important step to protect yourself from fraud and identity theft!

With all these new banking services being created every day – like cancelling your insurance policy through demant account or KYC process (KY contiguous check); protecting both parties becomes easier with their help.

It is equally important to protect your bank from fraudulent transactions by verifying each transaction through checks and balances. ”Verification” means confirming or establishing the truthfulness of something asserted or generally accepted as true.”

Conclusion:

I hope this particular article will help you to understand what is cancel cheque and what is cheque and what kind of uses of cancellation process and how you can create a cancel check.

If any kind of doubt then please connect with as we are trying to here to help you out for the any banking and financial solutions to you.