Minimum Balance Rules Of Top Public, Private Banks Explained Here

August 26, 2019

Banks today require their savings account customers to maintain a certain average monthly balance (AMB). From public sector lender State Bank of India (SBI) and Punjab National Bank (PNB) to its private sector peers HDFC Bank and ICICI Bank, most banks have fixed their own average monthly balance requirements. The requirement depends on the location of a customer’s account in urban, metro, semi-urban and rural areas. Banks also charge a penalty from the customers…

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ITR filing: Only 5 days are left; get answers to your queries on PAN, TIN, other issues

August 26, 2019

ITR filing: For the assessment year 2019-20 (financial year 2018-19), only seven days are left to file income tax returns for those who come under the tax slab. If you could not file income tax return till the due date, August 31, 2019, you will have to pay penalty amount ranging from Rs 5,000 to Rs 10,000 depending on the degree of delay. Therefore, you should file your tax return…

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