RBI Asks Banks to Replace ‘No Frills Accounts’ With Savings Accounts
The Reserve bank of India (RBI) has instructed the banks to stop using the tag – ‘no frills’ accounts and
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Aadhaar Permitted as Valid Address Proof For Investors : SEBI
According to the Market regulator – Securities and Exchange Board of India (SEBI), investors can use ‘Aadhaar’ cards as a
Read moreIndia Says Ban High-Value Notes to Curb Black Money : CBDT
According to Central Board of Direct Taxes (CBDT), the common man wants government to ban high-value notes to curb black
Read moreRBI Directs Banks to Incorporate ‘Survivor’ Clause
The Reserve Bank of India (RBI) instructed banks to incorporate the “either or survivor” or “former or survivor” clause in
Read moreEPFO Can Park Funds in Fixed Deposits, Certificate of Deposits: CBT
The Central Board of Trustees (CBT) allowed retirement fund body – Employee provident Fund Organisation (EPFO) to put its funds
Read moreBanks to Issue Multi-City Cheques: RBI
According to RBI’s (Reserve Bank of India) notification, all Core Banking Solutions (CBS) enabled banks are advised to issue ‘payable
Read moreNPS Throws Great Opportunity for Insurance Providers: PFRDA
The pension Fund Regulatory and Authority (PFRDA) concerned that despite the National Pension System (NPS) throwing great opportunity to life
Read moreIRDA Proposes Greater Investment Freedom to Insurance Providers
The insurance regulatory IRDA issued new guidelines to both life and non-life insurance companies to promote participation of insurers in
Read moreFreebies to Doctors Considered as Taxable Income : CBDT
The Central Board of Direct Taxes (CBDT) has noticed that, some pharmaceutical companies are providing free samples of medicines, gifts,
Read moreE-Filing Not Mandatory for Non-Residents, Private Discretionary Trusts: IT Dept
The Central Board of Direct Taxes (CBDT) issued a press release on Friday 3rd Aug, 2012, stating relaxation from compulsory
Read moreState-Run General Insurers May Raise Motor Insurance Premiums by 40%
The Finance Minister has asked public sector insurance companies to plan new marketing strategies to control motor insurance losses. He
Read moreRBI Leaves Key Rates Unchanged to Control Inflation
The Reserve Bank of India leaves key rates unchanged retaining repo (lending) rate at 8% and CRR at 4.75% despite
Read moreIT-Dept to Help Out Taxpayers for Filing Returns at Door Steps
Good news for taxpayers! In order to help out 3.5 crore tax payers in the country, income tax department had
Read moreKnow Your Credit Score Before Applying for Home Loan: CIBIL
The Credit Information Bureau of India Ltd (CIBIL) urged borrowers to get their credit scores before applying for home loans
Read moreIncome and Service Proofs Not Required for Claiming Insurance
The Tribunal of Thane district says that insurance claim can be granted even if there is no proof of service
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