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Interested in a Banking Career? What You Need to Know

Banking as a career is gaining popularity amongst students with diverse backgrounds. Banking is the best career option for those individuals who prefer fixed-time jobs and reasonable remuneration to employees.

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Banking as a career is gaining popularity amongst students with diverse backgrounds. Banking is the best career option for those individuals who prefer fixed-time jobs and reasonable remuneration to employees.

There are numerous perks of working in this thriving industry as the ambitious professionals are presented with competitive salaries, excellent working hours, a conducive work environment, and magnificent benefits. Banking jobs open broad career prospects and provide ample growth opportunities to climb the career ladder.

That is not all. The new-age technology has boosted the traditional method of banking. Today, banking is growing parallel with e-commerce industries. This industry strives hard to provide better customer satisfaction with net banking, mobile banking, ATMs, etc. Any role in the banking sector is quite fulfilling and rewarding. Banks are primarily classified into commercial banks, cooperative banks, small finance banks, and payment banks in India.

At present, banking is not limited to cash deposits and money withdrawal. The industry is exponentially expanding its branches with Financial Services and Insurance sectors. INDIA IS BOOMING with IT adoption in BFSI (Banking, Financial Services, and Insurance) sector.

A report published by the National Skill Development Corporation (NSDC) reveals that the BFSI sector in India requires an additional 1.6 million skilled employees by next year. Moreover, the industry is generating substantial employment opportunities for aspiring candidates.

But do you have what it takes to make a career in the BFSI sector? If no, an aspiring student seeking growth and challenges can learn more about BCA banking and its benefits.

1. An insight into BCA banking

BCA banking is a three-year full-time degree program focusing exclusively on the workings of the BFSI sector. A few prominent colleges and universities in India are paving the way for ambitious professionals by offering BCA banking programs.

This program equips students with the workings of the real corporate world. The course makes students future-ready by giving them several chances to explore during the study. The system helps students to make their way to top IT giants directly and offers a lucrative career ahead.

Interested in a Banking Career? What You Need to Know

2. What is the eligibility requirement to pursue a BCA banking course?

Students with a minimum of 50 per cent marks in matriculation and intermediate are eligible to apply for the program. Additionally, students are also required to have taken Mathematics/ Computer Science or Information Technology as one of the main subjects in class 12th to pursue the BCA banking program.

3. Career options after the BCA banking program

After completing the program, students usually get roles in corporate banking, retail banking, investment banking, and other financial services of the BFSI sector. Some of the prominent profiles in this sector are listed below.

1. Financial Analyst

2. Business Developer

3. Application Architecture

4. Solutions provisioning expert

5. Database Design Architect

6. Database Performance Tuning Associate

4. Top recruiters

1. Oracle

2. HCL

3. Accenture

4. TCS

5. Infosys

6. Wipro

7. Tech Mahindra

Students willing to teach the skills and knowledge required in this thriving industry can enrol in the program today! Notably, few top-ranked universities in Dehradun promise a 100 per cent placement guarantee. So, explore wisely and make a well-informed decision for your bright career ahead.

We are an Instructor, Modern Full Stack Web Application Developers, Freelancers, Tech Bloggers, and Technical SEO Experts. We deliver a rich set of software applications for your business needs.

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Business

Navigating the Process of Selling Deceased Estate Shares

This article aims to provide a comprehensive guide to selling shares from a deceased estate. Process of Selling Deceased Estate Shares.

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Navigating the Process of Selling Deceased Estate Shares

1. Understanding the Basics of Selling Deceased Estate Shares

Dealing with a deceased estate can be a challenging and emotional process, especially when it comes to handling financial assets like shares. This article aims to provide a comprehensive guide to selling shares from a deceased estate.

2. What are Deceased Estate Shares?

Deceased estate shares refer to the stocks and shares that were owned by an individual who has passed away. These shares become part of the deceased’s estate and are subject to the terms of their will or estate plan.

3. The Importance of Valuing the Shares

The first step in selling deceased estate shares is to obtain a current valuation. This valuation is crucial for several reasons: it helps in distributing the estate among beneficiaries, it may be necessary for tax purposes, and it gives an idea of the market value of the shares.

4. Legal Requirements and Executor Responsibilities

The executor of the estate plays a pivotal role in the management and distribution of the deceased’s assets. This section will cover the legal responsibilities and steps the executor needs to take to lawfully sell the shares.

5. Obtaining Probate

Before any action can be taken with the shares, it’s often necessary to obtain probate. Probate is a legal process that confirms the executor’s authority to deal with the deceased’s assets.

Transferring Shares into the Executor’s Name

Once probate is granted, shares may need to be transferred into the name of the executor. This process varies depending on the company and the type of shares.

6. The Process of Selling Shares

After completing legal formalities, the executor can proceed with selling the shares. This section will outline the steps involved in this process, including choosing a brokerage or financial service, understanding market conditions, and making informed decisions.

Deciding on the Right Time to Sell

Timing can significantly impact the returns from selling shares. Executors need to consider market conditions and financial advice to determine the best time to sell.

Completing the Sale

This subsection will detail the actual process of selling shares, including placing orders, handling transaction fees, and ensuring all regulatory requirements are met.

Accounting Write For Us Guest Post - Finance, Tax, GST, Economics, Banking

7. Navigating Tax Implications and Reporting

Managing tax obligations is a critical aspect of selling deceased estate shares. This section will explain the potential tax implications and the importance of accurate reporting for both capital gains tax and inheritance tax considerations.

Understanding Capital Gains Tax Responsibilities

When shares are sold, any profit made from the time of the deceased’s passing to the sale date may be subject to capital gains tax. Executors need to be aware of these implications and plan accordingly.

Inheritance Tax Considerations

In some jurisdictions, the value of the deceased estate’s shares might impact inheritance tax calculations. It’s essential for executors to understand these aspects in order to ensure compliance with tax laws.

8. Common Challenges and How to Overcome Them

Selling deceased estate shares can present unique challenges. This section will discuss common issues such as disputed wills, fragmented information about the shares, and market volatility.

Dealing with Disputed Wills and Beneficiary Disagreements

Disputes over the will or disagreements among beneficiaries can complicate the process. Executors must handle these situations delicately and legally.

Managing Market Volatility

Shares can be subject to market fluctuations. Executors should be prepared for this volatility and may need to consult financial advisors to navigate these waters effectively.

9. Tips for Executors Handling Deceased Estate Shares

This section will provide practical advice for executors, including the importance of seeking professional advice, keeping thorough records, and communicating clearly with beneficiaries.

Seeking Professional Financial and Legal Advice

The complexity of selling shares from a deceased estate often necessitates professional advice. This can range from legal counsel to financial advisory services.

Record Keeping and Communication with Beneficiaries

Maintaining transparent and thorough records is crucial. Executors should also prioritize clear and consistent communication with all beneficiaries to avoid misunderstandings.

Conclusion

Selling shares from a deceased estate is a responsibility that requires careful attention to legal, financial, and interpersonal dynamics. By understanding the process, staying informed about tax obligations, and tackling challenges head-on, executors can fulfill their duties effectively and respectfully.

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