PAN card or Permanent Account Number is one of the most crucial and important documents for the citizen of India. It is not only used for tax purposes but also as an identity proof. The card includes a unique ten-digit alphanumeric number and is issued in a form of a laminated card. (You can also get e-PAN now.) Losing PAN card is a common occurrence for many taxpayers in India. If your PAN card […]
Banking
Post Office Small Saving Schemes Interest rates Oct – Dec 2019 | Q3 of FY 2019-20
The Reserve Bank of India (RBI) has recently released its third bi-monthly rate review of financial year 2019-20. The key announcement under the policy is the rate cut by 35 basis points(1 bps is 0.01%). This is the fourth consecutive rate cut from RBI , after a rate cut in February, April and June of calendar […]
RBI’s statistical data on Indian Household Investments & Savings (2018-19) | How & Where do we save & invest?
The Reserve Bank of India (RBI) has released the latest volume of its annual statistical publication, ‘Handbook of Statistics on the Indian Economy – 2019′ on 15th Sep, 2019. Through this publication, the Reserve Bank has been providing time series data on various Economic and Financial indicators for the Indian economy. You can find lot […]
Full Budget 2019-20 Key highlights | Important Tax Proposals
The Indian Finance Minister has tabled today, the Union (Full) Budget 2019-20 in the Parliament. Below are some of the key highlights that are related to Personal Finances; Full Budget 2019-20 Highlights Latest Income Tax Slab Rates FY 2019-20 Below are the latest Income Tax Slab Rates for FY 2019-20 or AY 2020-21. (FY is Financial Year and AY […]
How To Delink Aadhar Card Number From Bank, Digital Wallet Or Other Services?
The milestone verdict of the Supreme Court that stated that the unique identification number present in the Aadhar card is no longer mandatorily needed for opening bank accounts or obtaining mobile phone connection has come as a relief for many Indian citizens. However, the previous ruling that made it mandatory may have led to linking […]
What is Repo Linked Lending Rate (RLLR)? Will it be beneficial to the Borrowers? | Definition, components & review
The primary functions of a commercial bank are accepting Deposits and also lending funds. Deposits are savings, current, or time deposits. Banks take in funds, called Deposits, from those with money, pool them, and Lend them to those who need funds. Banks are intermediaries between depositors (who lend money to the bank) and borrowers (to whom the bank lends money). The amount banks pay for deposits […]
