Technology today is rapidly changing the world around us. The wide-spread availability of internet enabled mobile phones has helped the common man to reap the benefits of technological advances in all streams around them.A consumer today can hail a cab conveniently Continue Reading.....
RBI’s latest data on Financial Savings & Liabilities of Indian Households (2016-17) | How & Where do we save & invest?
The Reserve Bank of India (RBI) has released the nineteenth volume of its annual statistical publication, ‘Handbook of Statistics on the Indian Economy - 2017' on 15th sep, 2017. Through this publication, the Reserve Bank has been providing time series data on various Continue Reading.....
Aadhaar number & Multiple Bank Accounts | Linking Status & Govt’s Subsidy
The Central government in one of its recent notifications (dated 1st June, 2017) has asked all the Financial institutions, including Banks, to verify and link Aadhaar numbers of their customers with their bank accounts.If you have multiple Bank accounts, you need to Continue Reading.....
How to check / verify if your Aadhaar number is active or not?
We all are aware of the fact that Aadhar number is slowly becoming the most important document to have. It is now mandatory to quote your Aadhaar number when filing your income tax returns, to link Aadhar to PAN card, while making real estate deals or even to get a Continue Reading.....
RBI’s new Guidelines on Customer’s Liability & Unauthorized Electronic Banking Transactions
In recent years, Indian banking system have been undergoing tremendous transformation and implementing many innovative ideas to offer best in class products / services to its customers.Most of the banks and financial institutions are now offering ICT (Information Continue Reading.....
When to submit Form 15G / Form 15H? | Details & Clarifications
We receive income through different ways, it can be your Salary, Dividend income from mutual funds or stocks, commission, rent, interest on your Bank Fixed Deposits / Securities etc.,The providers of these incomes (like your company / bank) can deduct a certain Continue Reading.....
How to link Aadhaar Number with PAN in three simple steps?
With effective from 1st July, 2017 it is mandatory to link Aadhaar number with PAN. As per the Finance Bill 2017, all PAN applications will require the Aadhar card number to be mentioned and all PAN card-holders must ensure that their PAN cards are linked to Aadhaar Continue Reading.....
What is Loan Refinance? What are the benefits of Refinancing?
Troubled with your monthly installments? Loan Refinance can be the best and easiest solution to cut down your Loan cost..Is major chunk of your salary gone in paying monthly installments, paying credit card bills, and other bills that fall in your kitty? There is a Continue Reading.....
Rs 2 Lakh Cash Transaction Limit w.e.f 01-Apr-2017 | Details & Examples
In Budget 2017-18, a ban on cash transaction of more than Rs 3 lakh has been proposed. The same has been mentioned in the Finance Bill 2017. But, the Govt of India has made amendment in Finance bill and has reduced the Cash transaction limit to Rs 2 Lakh.This Continue Reading.....
Errors on your Credit Report can be devastating ! A case study
Nikhil Gupta was all set to buy his first car. He knew that banks check the CIBIL score and report of an individual before sanctioning an auto loan. But these criteria never seemed to bother him. After all, he possessed only a single credit card and always paid the Continue Reading.....
