Reserve Bank of India is going to Make Major Changes in Cheque Payments from January 1

In order to check banking fraud, the Reserve Bank of India has decided to introduce from January 1, 2021, the ‘positive pay system’ for cheques, under which re-confirmation of key details may be needed for payments beyond Rs 50,000. Availing of this facility would be at the discretion of the account holder. However, banks may […]

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Rules of Credit Cards & Debit Cards are changing from 1st October 2020 – Check New Guidelines

With the rise in banking fraud cases, the Reserve Bank of India has issued new guidelines to secure debit and credit cards. These changes will be effective from 1st October 2020. RBI has issued new rules for debit and credit cards to improve the security and convenience of card transactions. According to the new guidelines, card users […]

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Credit Card to DL: Important Rules Changing from October 1, Check Complete List

From 1 October 2020, many rules are going to change, Motor vehicle rules, Ujjwala scheme, health insurance, credit and debit card rules are changing from tomorrow. So it is important that you know about them in advance. Let us know what is going to change from October 1. 1) No physical verification of documents like […]

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From October 1, These Tax Changes are taking place

Several key direct and indirect tax changes will kick in from 1 October, which businesses and individual taxpayers need to take note of. These are provisions meant to gather data about transactions, spending patterns and fund flow across borders as tax administration increasingly becomes data and technology driven. Mint takes a look at what these key changes […]

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Here is the Complete List of Bank Holidays of October, 2020 Month

Private and public banks in India will remain closed for 14 days in April 2020 due to various bank holidays. These include the second and fourth Saturdays of every month, and Sundays too. According to the Reserve Bank of India (RBI) guideline, banks remain shut on all public holidays. However, there are several religious festivals […]

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Amazon Great Indian Festival Sale 2020: Coming Soon in the Month of October

With the festive season round the corner, e-commerce giant Amazon is coming up with one of its flagship annual Amazon Great Indian Festival sale. In an email to its sellers Amazon has suggested their sellers to gear up for this upcoming mega sale event. It has been stated that around 20 million consumers will participate […]

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Income Tax Refund Rules: Linking Bank Account with PAN Card is Mandatory

From this assessment year, the income tax department has brought in a new rule without which you will not be able to get any tax refunds. So far the requirement was only to link your PAN (Permanent Account Number) with Aadhaar card to file income tax returns (ITR). But now the I-T department has started […]

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Beware! Be careful of fake messages & whatsapp calls from State Bank of India

State Bank of India (SBI) has alerted its customers about a possible scam. The bank has warned its account holders about suspicious WhatsApp calls and messages that might trick them to share their banking details. In a tweet, the Bank states, “Customers are now being targeted on WhatsApp. Don’t let cyber criminals fool you! Please […]

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