Are you someone who is sharing his/her Permanent Account Number (PAN) related details on social media? If yes, then firstly it’s a bad habit and second, it makes your personal information prone to getting exposed and misused. The Income Tax (IT) department has issued warnings to all the PAN holders to not share there ten-digit...
The Reserve Bank of India (RBI) announced a moratorium on terms loans last week. After this announcement, various banks have come forward to offer relief to their customers. The banks are offering the option to the customers to defer their loans by 31st May as of now. The announcement was made by RBI as a...
As the nation is fighting the menace of COVID-19 relief measures are coming in from the government. Yesterday Finance Minister Nirmala Sitharaman unrolled the ‘1.7 lakh’ relief package amidst 21 days lockdown. On Friday it was Reserve Bank of India’s (RBI) governor who came in with some measures. RBI Governor Shaktikanta Das announced the reduction of...
Ever since its introduction in the aftermath of 2016 demonetization drive ₹ 2,000 note has had its share of stories associated with its withdrawal. However, this time the news of its demonetization from 1st January 2020 has surfaced. A message is doing rounds on WhatsApp these days which says that the RBI would withdraw the...
As the country has gone down in 21 days lockdown popular shopping mart ‘Big Bazaar’ has stepped in. Giving the country the strength to fight against COVID-19. The retail shopping mart has rolled out ‘doorstep delivery’ services of essentials across India. You can call or ‘Whatsapp’ the nearest ‘Big Bazaar‘ to your place of residence...
The last date to link your Aadhaar Card (or Unique Identification Number) with PAN card is just 12 days away. As per the notification of the Ministry of Finance, the deadline which was earlier set for September 30, 2019, was extended by three months to the year-end. If you have already done the linking then...
If you are a credit or debit card user then here is something that you must pay attention to. The Reserve Bank of India (RBI) has come up with the latest guidelines that can result in blocking of your credit or debit cards. As per RBI’s new directive, all those Debit Cards and Credit Cards...
As the national and global economy is jolted by COVID-19 pandemic and the ‘share market’ is touching new lows the government has stepped in. Finance Minister Nirmala Sitharaman addressed the media via the ‘video conference’ to make the announcements. From extending the date of Aadhaar-PAN linking from 31st March to the waiver of minimum account...
Taking a move forward in easing things up for users Indian Bank has decided to stop dispensing Rs 2000 notes from its ATM. Come March 1 and the bank would take off all the Rs 2000 notes from its ATMs across the country. In place of Rs 2000 note, the bank would be loading more...
Yes Bank shares in early trade on Friday plunged by a whopping 85% after RBI suspended the private sector lender’s board for a period of 30 days. This comes “owing to serious deterioration in the financial position of the Bank,” which has failed to raise additional capital from the market to fight its debt woes....
To allow more cash-in-hand of people so they could spend more, the government yesterday decided to reduce the employers’ and workers’ contribution to EPF. The revised percentage will be liable for three months. This will amount to liquidity support of Rs 6,750 crores and was one of the many steps announced to revive the economy...
As banks are looking to phase out Rs 2000 notes from their ATMs and fuel in more Rs 500, Rs 200 and other lower denominations ATMs across the country are going in for recalibration. Close to 2.4 lakh ATMs across the country are likely to be recalibrated in the coming months. Financial Software and Systems...
