RBI Cuts Transaction Fee on Debit Card Payments
The Reserve Bank of India (RBI) lowered the fees that are charged by banks on a merchant for processing a
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Indians Depend on Others While Investing Online: Survey by Nielsen
According to a recent global survey by information and measurement firm Nielsen, Indians are more dependent on others while investing
Read moreDeath By Mosquito Bite is Covered in Accidental Insurance
The consumer forum said that, death caused by mosquito bite is an accident and it is to be covered under
Read more14 More Services to Exempt From Tax from July 1
The Government recently announced that 14 more services would be exempted from payment of service tax. These services shall be
Read moreRBI’s Policy Review Keeps CRR and Repo Rates Unchanged
The Reserve Bank of India (RBI) has disappointed retail borrowers, auto & real estate industry who are expecting at least
Read moreIRDA Issues Guidelines on ‘Orphan’ Insurance Policies
Many policyholders complain that the insurance agent who sold them the policy is no longer with the insurer and their
Read moreIndia to See More ATMs in Next 6-12 Months
The Secretary of Financial services said that India will have more number of ATMs (Automated Teller Machines) in the next
Read moreNote Sorting Machines to be Mandatory in Banks: Finance Ministry
The Finance Ministry proposes not to file FIRs (First Information Report) by banks when fake currency notes are detected. The
Read moreIRDA Planning New Guidelines for Life Insurance Products
The Insurance Regulatory and Development Authority (IRDA) is planning to frame new draft guidelines for life insurance products within a
Read moreSchool/College Fees Can Be Paid Using Pre -Paid Cards: RBI
The Reserve Bank of India (RBI) allowed pre-paid card holders to make payments of school/college fees, government taxes using pre-paid
Read moreFixed Maturity Plans Gain Popularity in Depressed Economy
Fixed Maturity Plans are time-tested investment vehicle at current yield without getting exposed to any of the interest rate risk.
Read moreAll Services Except 17 to be Taxed From July 1
The Finance Ministry said that all services except 17 in the negative list of services will be taxed from July
Read moreRBI Raises Inward Remittance Limit from 12 to 30
The RBI raised the limit on the number of foreign remittances from 12 to 30 that an individual can receive
Read moreBanks to Introduce Uniform Grievance Redress System in 3 Months
The Finance Minister asked Public Sector Banks (PSUs) to establish a uniform grievance redress system within three months in order
Read moreAll e-Banking Transactions Should be Charge-Free: Finance Minister
The Finance Minister has asked banks to make all e-banking transactions to free of charge. The Minister was appreciated by
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