Category Archives for "Banking"

How to?-Internet Banking

Internet Banking Net banking allows you to make to do all transactions online. It gives you complete control over all your banking demands online. Internet banking provides you financial services such as fund transfers, third party payments, bill payments, opening bank accounts, closure of loan account, loan part payments, PPF transactions and issue of demand […]

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Videocon OUT KC Land and Finance In

Videocon out KC land and finance In Out of 26 applicants applied for banking license Videocon has been withdrawn their application and on that place KC land and finance is placed KC land and finance, a hand of KC group which is recognized in the field of education and hospitality, is looking eagerly for the […]

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Will AADHAR linked subsidy benefit banks?

Direct Benefit Transfer of LPG (DBTL) scheme, which is AADHAR linked LPG subsidy given disbursed through banks. Under the (DBTL) an LPG consumer will get his/her cylinder at full market price and the differential between subsidized price and full market price i.e. the subsidy will be transferred to his/her bank account. Under this scheme, all LPG consumers will start receiving their LPG cylinders at full market price and will get their subsidy directly in their bank accounts up to a capped limit(9 cylinders in a year)of LPG cylinder. All Aadhaar linked LPG consumers will get an advance of Rs 435 in their bank account as soon as they book their first subsidized cylinder.
How it benefits banks?

Disbursing subsidy directly through bank accounts will increase the credit amount of customers which will in turn result in a boost in deposit quantity

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Reverse Mortgage-?

Reverse mortgage means a mortgage on which the borrower need not have to repay the loan amount (principal and interest) taken against a residential house property of a senior citizen. Reverse mortgage was introduced to address the financial needs of senior citizens owning residential house property. It enables them to receive a regular income on fixed installments like pension. The home owner

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Complain to Local Police/Cyber Crime Authorities against Fictitious Offers

Complain to Local Police/Cyber Crime Authorities against Fictitious Offers of Money from Abroad The Reserve Bank of India advised members of public to immediately register a complaint with the local police/cyber crime authorities when they receive fictitious offers of money from abroad or if they are victims of such offers. The Reserve Bank has, on […]

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RBI appeals to pay Income Tax in advance

The Reserve Bank of India has appealed to public to avoid last minute rush and remit their Income-tax dues sufficiently in advance of the due date of September 30, 2013. It has also urged the assessees to take advantage of paying taxes at select branches of accredited agency banks which have been authorised to accept payments of Income Tax dues. Most of these banks also provide facilities for on-line payment of taxes, it has added.

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