SBI Accounts Under Jan Dhan Yojana: Interest Rates, Charges

April 25, 2018

Pradhan Mantri Jan-Dhan Yojana (PMJDY) accounts in State Bank of India (SBI) is more than 26 per cent of the total deposits made under the scheme in Public Sector Banks, said country’s largest lender on its official twitter handle – @TheOfficialSBI. According to SBI’s portal, Pradhan Mantri Jan-Dhan Yojana (PMJDY) is a national mission for financial inclusion to ensure access to financial services, namely, banking/ savings and deposit accounts, remittance, credit,…

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Investment declaration for FY2018-19: Submitting form? Keep these 10 things in mind

April 25, 2018

The best time to plan your taxes is the beginning of the financial year. The new FY 2018-19 has just begun, and soon your employer will ask you to submit Form 12BB to provide information on the tax-saving expenses and investments you are going to make throughout the year. If you carefully plan your investments, you can make optimum utilisation of all tax-saving opportunities available to you. However, when you…

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RBI makes Aadhaar, PAN mandatory for bank accounts

April 25, 2018

Though the Supreme Court is still hearing a clutch of petitions challenging the constitutional validity of the Aadhaar Act, the Reserve Bank of India updated its master circular on know-your-customer (KYC) norms on Friday making Aadhaar and PAN cards mandatory for bank accounts, new as well as existing ones. The timing of the exercise is questionable since the apex bank significantly added that “The revised Master Direction is in accordance…

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Blow To Indians, US Plans End To Work Permits For H-1B Holders’ Spouses

April 25, 2018

The Trump administration is planning to end allowing spouses of H-1B visa holders to work legally in the United States, a top federal agency official has told lawmakers, a move that could have a devastating impact on tens of thousands of Indians. The move to end the Obama-era rule could have an impact on more than 70,000 H-4 visas holders, who have work permits. H-4 is issued to the spouse…

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Bareilly Man Gets Fake Rs. 500 Note From ATM, Issued By ‘Children Bank Of India’

April 25, 2018

New Delhi:  Bareilly resident Ashok Pathak was in for a rude shock when the cash he withdrew from an ATM happened to include a fake Rs. 500 note. Yes, the infamous ‘Children Bank of India’ one. On Sunday evening, the man claimed he withdrew Rs. 4,500 from a United Bank of India ATM in the city’s Subhash Nagar area, only to find a fake Rs. 500 note among the dispensed…

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