Daily Archives: October 3, 2019

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 […]