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The Reserve Bank of India has taken decisive action against Kotak Mahindra Bank Limited under Section 35A of the Banking Regulation Act, 1949, directing the bank to: However, the bank will continue to serve its existing customers, including those with credit cards. The reasons for these actions stem from serious concerns raised by the Reserve […]

Are you also bothered by telemarketing calls from banks and other financial institutions? According to a report, 60% of phone respondents receive an average of 3 spam calls per day. It was found that while 30% of respondents get one to two spam calls on average per day, 36% stated that they get a minimum

Employee Provident Fund (EPF) stands as a cornerstone in the financial landscape, offering a structured approach to retirement savings. In this comprehensive guide, we unravel the complexities surrounding EPF, covering its rules, contributions, recent taxation changes, and introducing a user-friendly EPF calculator. Understanding EPF What is EPF and Its Significance Employee Provident Fund (EPF) is

FASTag KYC Update : In a world where seamless travel is becoming increasingly important, the National Highway Authority of India (NHAI) has taken a significant step with the introduction of the ‘One Vehicle, One FASTag’ initiative. This move aims to enhance the efficiency of electronic toll collection systems and discourage the improper use of FASTags.

The Reserve Bank of India (RBI) has introduced a new form of digital currency called e-Rupee also known as Digital Rupee. This is India’s official digital currency, similar to cryptocurrencies like Bitcoin. However, unlike decentralized cryptocurrencies, e-Rupee is centralized and regulated by RBI. E-Rupee aims to make financial transactions more efficient. It works just like

Introduction of senior citizen saving scheme:  The Senior Citizen Savings Scheme (SCSS) is a government-backed savings initiative designed specifically for individuals aged 60 and above. Established to address the financial needs of senior citizens, the SCSS provides a secure and rewarding investment option with fixed interest rates. This scheme offers a reliable source of income

What is Cibil Score and Why It is Important ? CIBIL is a leading credit rating agency in India.Your Credit Information Bureau (CIBIL) score is a three-digit numeric representation, ranging from 300 to 900, evaluating your creditworthiness. It is calculated based on your credit history and repayment behavior, A higher score reflects a more reliable

What is an HUF? Understanding the Dynamics of Hindu Undivided Family (HUF) for Tax Savings Full Form of HUF is Hindu Undivided Family. Hindu Undivided Family (HUF) is a unique taxation concept in India that provides families, including Hindus, Buddhists, Jains, and Sikhs, with a means to collectively manage their income and assets for tax

The government in consultation with the RBI is going to release sovereign gold bonds (SGBs) this month, and more are planned for February. People can sign up for the 2023-24 Series III from December 18 to December 22, 2023, and the bonds will be issued on December 28, 2023. For the 2023-24 Series IV, the

In the financial world, the term “cheque bounce” is alarming for both payers and payees. This article explores the complexity of cheque bounce cases, Detail insights on legalities, consequences, and the crucial role of a well-crafted legal notice. Cheque Bounce: Understanding the Legal Framework Understanding Section 138 of NI Act As per the Indian law,