Category: Banking
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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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TDS on Fixed Deposits?
According to section 194A of Income Tax Act, 1961 TDS is to be deducted if the interest paid by a bank on account of FD exceeds Rs 10,000. Bank itself should deduct and deposit the TDS with the government..
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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Videocon out KC land and finance In Out of 26 applicants applied for banking license Videocon has been withdrawn their application and on that place KC land and finance is placed KC land and finance, a hand of KC group which is recognized in the field of education and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…
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RBI not to convert idle gold into Bullion-RBI clarifies
There has been news spreading that RBI is going to convert gold into bullion to support Rupee from its falling. RBI by a recent press release denied such news which reads as follows; “There have been some news stories in the media in the last couple of days about the Reserve Bank of India discussing/considering…
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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…
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What to do when you receiving fictitious money offerings from abroad
You may have received e-mails about lottery winning, money circulation schemes, other fictitious offers of cheap funds, etc. most of the e-mails are related with lottery winning of a huge amount or an expensive car and if you reply to such e-mail you may be requested to send a certain per cent of winning amount…
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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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Authorized banks for e-payment procedure
e-Payment facilitates payment of direct taxes online by taxpayers. To avail of this facility the taxpayer is required to have a net-banking account with any of these Authorized Banks.
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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…