SBI customers! Your bank deposit to earn less interest from November 1. Here’s why

October 29, 2019

New Delhi: State Bank of India (SBI), the country’s largest lender, will slash the interest rates on the deposits in retail savings accounts from next month (November 1, 2019). It may be noted that last week bank in its statement said that in view of adequate liquidity in the system, interest rates on savings accounts with balances up to Rs 1 lakh would be lowered by 25 basis points (bps)…

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National Pension System (NPS): Eligibility, Withdrawal Rules Explained Here

October 29, 2019

National Pension System or NPS, a government-run investment scheme, gives the subsriber the option to set the preferred allocation to different asset classes, such as government bonds, equity market instruments and corporate debt. An NPS account can be opened by a citizen of 18-65 years of age, according to National Securities Depository’s (NSDL) website – npscra.nsdl.co.in. NSDL is the Central Recordkeeping Agency (CRA) for NPS. CRA issues a Permanent Retirement…

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How To Check Status Of Your Income Tax Refund

October 29, 2019

An online facility provided by the Income Tax Department enables taxpayers to claim any excess payment of tax. It also enables the income tax assessees to check the status of a refund online, through the e-governance website of National Securities Depository Limited (NSDL) – tin.tin.nsdl.com. The taxman refunds the excess tax through an electronic transfer or a cheque, depending on the method used by the assessee while filing the income…

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7th Pay Commission update: Government may hike Central govt employees’ salaries soon

October 29, 2019

7th Pay Commission: In a post-Diwali gift the NDA government is likely to raise the salaries of its employees soon. The government is seriously considering taking a decision in this regard which if it comes through will benefit nearly 50 lakh central government employees. A final decision in this regard is expected to be taken in November. The government, however, has not yet made any formal announcement in this context,…

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