SBI KYC 2019: Full list of documents needed for State Bank of India KYC

New Delhi: With the formalisation of the banking sector and proper segregation of customer’s profile in the directory of the bank, all the scheduled commercial banks, cooperative banks, non-banking financial companies (NBFCs) and other microfinance lenders are religiously incorporating know your customer (KYC) norms. State Bank of India, the country’s largest lender by the number […]

SBI, Bank of Baroda squeeze micro-ATM transactions of other banks

BENGALURU: Public sector lenders State Bank of India (SBINSE 0.64 %) and Bank of BarodaNSE 0.93 % (BoB) have limited the cash withdrawals of customers using micro-ATMs of other banks to just four times a month, in what could cause transactions undertaken through the Aadhaar-enabled Payment System (AePS) route to fall significantly. While BoB is […]

I-T dept has to quote DIN to taxpayer

New Delhi: The Central Board of Direct Taxes (CBDT) has launched a computer-generated documentation identification number (DIN) system which provides for a transparent and recorded communication between the income tax department and taxpayers. A DIN will be mandatory for every type of communication with the income tax department, be it a notice, a letter, an […]

5 changes that will impact your personal finances from October 1

From October 1, there are five changes that will have a bearing on your personal finances. Here is a look at those five changes and how it can impact your financial decisions and finances. External benchmarking of loans As directed by the Reserve Bank of India (RBI), all floating rate loans, i.e., personal, housing, auto […]

Over 6 crore EPFO members to get 8.65% interest for 2018-19:Labour minister

NEW DELHI: Labour minister Santosh Gangwar on Tuesday said over 6 crore EPFO accounts will be credited with interest amount at 8.65 per cent rate for 2018-19 ahead of the festival season. The Central Board of Trustees — the apex decision-making body of the Employees’ Provident Fund Organisation (EPFO) — had approved 8.65 per cent […]

Population register to include info on PAN , DL, voter ID, passport

NEW DELHI: The National Population Register (NPR) updation exercise, to be undertaken alongside Census 2021, will for the first time collect several particulars such as Aadhaar, mobile number, PAN, driving licence and voter ID details and Indian passport numbers from all usual residents of India. A usual resident is defined, for the purposes of NPR, […]

PAN-Aadhaar linking deadline on September 30: What if you miss the deadline

New Delhi: September 30, the deadline for linking your PAN with your Aadhaar is just a few days away. If you have not linked your PAN with Aadhaar yet then you should do it immediately without fail as missing this deadline will mean that your PAN will become inoperative from October 1. Worth mentioning here […]

SBI hikes margin over repo rate in new loan scheme from Oct 1

State Bank of India (SBI) has announced the details of its repo-rate linked home loans to be offered from October 1. The bank has increased the total spread or margin it will charge over and above the repo-rate in computing the interest to be paid by borrowers on new floating rate loans. The effective benchmark […]

EPF Nomination Rules: Getting married makes your EPF, EPS nomination invalid

Did you know that when you get married your EPF and EPS nominations become invalid? As per the rules of Employees’ Provident Fund (EPF) Scheme, 1952, any nomination made by you for your EPF and EPS accounts automatically becomes invalid when you get married and you are required to make a fresh nomination. Puneet Gupta, […]

Govt issues notification announcing amendments in pension rules

The families of government employees dying after serving less than seven years will get enhanced pension now with the Centre amending rules. The move is likely to benefit the widows of Central Armed Police Forces personnel. Earlier, the government employees should have rendered at least seven years of service in case of death so that […]

Employee Provident Fund (EPF) vs Public Provident Fund (PPF) in 2019: Interest rates, withdrawal rules

New Delhi: The Employees’ Provident Fund Organisation (EPFO)-controlled Employee Provident Fund (EPF) remains an attractive investment option despite the 110 basis point cut by the Reserve Bank of India in the present calendar year. On the other hand, Public Provident Fund (PPF) witnessed an interest rate rationalisation along with several other small savings schemes in […]

IRCTC iMudra Prepaid Card: Withdraw cash at ATMs, ATM charges, How to register, other details

New Delhi: IRCTC iMudra prepaid card helps the users to carry out a cashless transaction. The cashless transaction could be if you are sending money, withdrawing cash at ATMs, buy goods and services either online or offline. It even offers the convenience of using the iMudra wallet across mobile app, tablet and desktop. It may be […]