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Demat Account for Minors

February 20, 2020 Sofia Benjamin Business Trading

Being able to exercise financial discipline and understanding how investments work are important life skills. And an early start could hold the key to a secure financial future. Even minors can get a taste for investing through a demat account. Age is no obstacle, for one does not have to be 18 years old to open demat account and start investing.

How to open demat account for minor

While a minor can hold a demat account, it must be opened by their guardian (either a parent or a court-appointed legal guardian). The guardian operates the account on behalf of their young ward.

The account opening process is quite standard, but there are some deviations. For starters, not all depository participants (DPs) provide demat accounts for minors. So, one should check if the facility is available. Next, upon choosing a suitable DP, the following documents must be submitted to them:

Demat account opening form, duly filled in
Two Know-Your-Customer (KYC) forms for minor and guardian
Age proof of minor
PAN card and address proofs of both minor and guardian

The application form and other documents can be submitted online or offline. Certain account opening fees will apply, although the charges tend to vary across DPs. Following receipt of the documents, the DP will verify the application. Once the processing is complete, the account details will be issued.

Restrictions of demat account for minor

A minor can hold a demat account provided certain conditions are met:

The account must be opened and operated by the guardian until the child turns 18.
There cannot be a joint holder.
The account can be used only for delivery trading. Intraday and derivatives trading are not permitted.

Advantages of demat account for minor

Demat account opening early on has certain benefits:

It teaches financial planning

Become a Greener Business and Save Money at the Same Time

January 30, 2020 Sofia Benjamin Music Marketing

Thousands, if not hundreds of thousands, of businesses across the UK, could find themselves saving money if they were to become a ‘greener’ business. Making small changes to the everyday running of your business – regardless of sector – will see significant if not dramatic changes to your monthly outgoings for electricity, heating and phone bills. Becoming a greener business will not only help you to save money in the long run but could also improve the image of your business and thus increase turnover.

Air Conditioning of Place of Work

The easiest way to save money on your heating bill is to set up a thermostat so your office or business premises is not being heated out with working hours. Heating your place of work unnecessarily is a pointless exercise that only runs up bigger bills and damages the environment in the process. Upgrading your heating system altogether can be a costly process for saving you money in the long haul so looking at what kind of heating system you currently have is also advised. Investing in some traditional means of preserving heat is an alternative, short term fix that includes having windows insulated and a draft excluder fitted to the bottom of every door.

Avoiding Poor Use of Electrical Devices

Lighting and poor use of electrical devices such as computers are the two main components that are thought to contribute to expensive electricity bills. Installing occupancy sensors to control lighting in offices, copier and staff rooms will help reduce the amount of electricity being consumed unnecessarily. Switching regular light bulbs to long life, energy savers is another good tip as is replacing fluorescent strip lighting with some more economical and environmentally friendly. Making sure you and your staff take a moment to switch off computers and copiers before …

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International Business

Outsourcing Call Centers – How To Get Value For Your Money

January 25, 2020 Sofia Benjamin Financial Mathematics Topics

Business is in the process of going global. There is an increasing need to reach large global markets even when sitting in one corner of the world. This means that businesses must have the bandwidth, training, and resources to provide seamless, seamless service to customers spread all over the world. For most companies, this is not possible. In addition, the current economy demands that businesses cut costs to stay ahead of their competition.

The Most Effective and Efficient Way to Reduce Costs

Outsourcing work to the call center is the most effective and efficient way to reduce costs while providing quality service at all times. Outsourcing eliminates the stress and hassle associated with managing and operating an in-house call center. It also eliminates worries about rising equipment costs and recruiting more people. By outsourcing to help them, companies can focus on their core competencies. Overall, this is a simple solution to a big problem.

But there are a number of factors that need to be considered before choosing a call center company to outsource your work. After all, your service provider is your partner in business. In fact, in many cases, they are the face of your business because they deal with your clients and customers.

Interview:

It is true that most call centers have a strong online presence. They provide all kinds of valuable information on their website. However, it is rather stupid to hire a partner without interviewing them. You can choose to talk with them by phone or use a chat service. Whatever the mode, talk to them privately and confirm the competence.

Don’t fall in love:

As mentioned before, most call centers try hard to produce a good web presence. They spend money on sophisticated websites complete with the latest technology. Unfortunately, many companies fall in …

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International Business

Why You Should Read Reviews About Travel Agencies Before Booking

January 19, 2020 Sofia Benjamin Travel Agency

Of course, you can choose to book a hotel, flight tours, and some other activities yourself before embarking on a journey. Doing this is exciting, but most of the time, it creates problems for people in the long run. What makes it create a problem for travelers in the long term is that they usually don’t know there are some other activities they need to perform, such as itineraries, visas, park permission, and so on. Things like this give them extra stress and headaches, which is the reason why it is essential to consult a travel agency for guides on the journey you are going. Probably, they work out everything for you. We want to help you avoid stress while traveling as our little guide will help you know the advantages of using a travel agency to help you process your journey. There is nothing terrible about it.

Clarity: the travel agency gets your details and bundles everything together in a convenient fashion so you can worry less. Travel agents work with trusted local guides of your destinations scenic experience and arrange the transportation you will need that will help you get to everywhere you want to visit.

Organization: travel agents make sure everything is organized for you to have a safe trip. At first, if you visit their website, you will see basic packages of most destinations you are going, that is what will give you confidence that the travel agencies you want to contact are up to the task and can help you out. Their packages are mostly customized and always ready to make adjustments where necessary. For example, if you would like to stay more than the days you booked or would like to go through extra costs than what you have budgeted for, travel agents are always at …

Modern Choice of Modern Kitchen for Mother

January 10, 2020 Sofia Benjamin Culinary Business Ideas

The kitchen is one of the special rooms in the house. Not only for cooking, but the can also be a place to show the level of creativity and design tastes of the homeowner. One of the current designs for kitchens is modern kitchen designs, which emphasize the concept of neatness, cleanliness, simple, minimal indentation, coherent paint, modern kitchen tiles, etc.

Several matching methods are suitable for modern kitchen designs. Check out these 5 creative inspiration:

Modern Choice of Modern Kitchen for Mother

1. Cabinets’ Decoration using cerused wood

The modern kitchen design looks elegant thanks to the touch of cerused wood finishing on the kitchen cabinet. This finishing technique is done by adding a blackish gray color and unique strokes to create a rustic look. This cerused wood finishing is also suitable to be combined with a high cabinet design with glass doors that showcase various kitchen utensils.

2. Modern Kitchen Design with Brass Accents

Creative ideas for a combination of modern kitchen designs don’t have to be complicated. As we know, just a small touch can give a different feel. Modern kitchens dominated by white and blue can be a good example. Not using stainless steel like modern kitchens in general, two pendant lamps and kitchen sink faucets use brass. Golden accessories made from brass give the kitchen a glam look.

3. Prominent Color

Modern kitchens are usually dominated by white to make it look neat, clean and simple. To avoid the pale impression, there’s no harm in adding a contrasting color that stands out. A little color is enough to make a modern kitchen more alive.

4. All-White with Selected Material

The white color is presented from unique materials so it is not boring. For the kitchen table, white marble material is gleaming. For the walls, ceramic is installed to give a good …

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Modern Kitchen, Online Business

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