Income Tax – If you are a salaried individual or an entrepreneur or you make a rental income or earn from your investments you have to pay taxes to the government. The Income Tax Act came into effect in 1961. Everything related to the collection, recovery, and administration of income tax comes under the section…
Read articleLaunch of Combo fin products – Launch of Combo services such as savings accounts with insurance or an insurance product with new pension scheme benefits etc. has paved its way in its final launch. An inter-regulatory technical group (IRTG) on fintech announced the standard operating procedure for an inter-operable regulatory sandbox for hybrid products and…
Read articleWhat is a credit Score? A credit score rates a consumer’s creditworthiness. A credit score is a three-digit number that tells how you manage your finance. The higher the score, the better a borrower looks to potential lenders. Every financial institution checks your credit score because it gives an idea of your general credit health.…
Read articleRise in check bounce Cases – The cheque bounce Cases have been on rising which is clogging the legal system. When an issuer presents a cheque to the bank for payment, and it is returned unpaid by the bank due to insufficient funds, the cheque is said to have bounced. Several suggestions are made to…
Read articleRupee vs US dollar – The rupee levels down past 82 to fall to a fresh record low of 82.33 per US dollar. The domestic currency was down 44 paise down against the US dollar. The Indian rupee has been dated around 10.6% so far this calendar year amid a flight to safety towards the…
Read articleThe decision by RBI – The rules regarding the FD are changed by RBI. If you also do the fixed deposits you must be aware of these changed rules.RBI changed the rules related to FD some time ago and these new rules have also become effective. After hearing the news of RBI increasing its repo…
Read articleCredit card transactions using UPI – UPI transactions are the most convenient and technology plays a major role in transfers .Crores of Small merchants , and vendors will start using plastic money if they start using Credit Card transactions with the Unified Payments Interface (UPI) . This is definitely a move for cardholders to be…
Read articlePersonal finance Importance – When you start earning money the most important thing is managing it. Financial awareness is more about learning about how to get what you want and protect what you have got. Financial freedom is about having enough savings or the situation that they can spend on anything but the fact is…
Read articleIncreasing Cyber crimes cases – India is being digitalizated and with this the cyber crimes are rising. Criminals often target banks where huge amount of money is easily flowing on daily basis .And when such Unauthorized transactions should be immediately reported to banks so that the appropriate actions are to be taken on time. Customers…
Read articleRise of Digitalization and need of Collaboration- Technology has risen , where digital Chanels are used tremendously on large scale either it be Loan disbursement or other financial services which makes this as new age banking. Their cooperation would yield surprising and remarkable consequences.Government is trying hard to push banks towards collaborations with non-banking financial…
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