Banks collect whopping Rs 5,000 cr from customers in FY18 for failing to maintain minimum balance

August 6, 2018

As many as 21 public sector banks and three major private sector lenders collected a whopping Rs 5,000 crore from customers for non-maintenance of minimum balance in their accounts in 2017-18, according to banking data. India’s largest lender State Bank of India, which suffered a staggering net loss of Rs 6,547 crore during 2017-18, led the pack in penalising its customers for not maintaining minimum account balance. The government-owned SBI,…

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Amazon Freedom Sale kicks off August 9: Here are the deals, offers

August 6, 2018

Amazon has announced the Freedom Sale in India. In the build-up to India’s 72nd Independence Day, the e-commerce giant is kicking off a four-day sale that will see over ‘200,000’ deals on a range of products including smartphones, tablets, laptops, TVs, gaming consoles, clothing, home appliances and furniture, and more. This includes some big brands such as LG, JBL, OnePlus, Huawei, Honor, Samsung, and Vivo among others. The Amazon Freedom…

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UIDAI Slams ‘Attempts to Tarnish’ Aadhaar’s Image, Says Helpline Number Cannot Steal Data

August 6, 2018

New Delhi: Days after a helpline number of UIDAI mysteriously started showing on smartphones of hundreds of users, the UIDAI on Sunday said people with “vested interests” are trying to tarnish the image of Aadhaar by taking advantage of Google’s admission of its “mistake”. The UIDAI on Sunday said vested interests used Google’s “inadvertent” act on its helpline number to create fear and tarnish the image of Aadhaar. The Aadhaar…

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Honor Play Launching In India Today: When And Where To Watch

August 6, 2018

Huawei sub-brand Honor is set to launch a new smartphone in India today called the Honor Play. The phone will be exclusive to Amazon India and it is expected that the price of the phone will be around the Rs 20,000 mark. To recall the phone has already been announced in China as a gaming smartphone. However, in India Honor has decided to market the phone as a performance device….

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GST Cashback On Payment Done Via BHIM, RuPay To Be Tested

August 6, 2018

New Delhi: States will roll out on pilot basis incentives for digital transactions through RuPay card and BHIM app under the GST, Finance Minister Piyush Goyal said today. The GST Council, chaired by Goyal, in its meeting here today also decided to set up a Group of Ministers (GoM) under Minister of State of Finance Shiv Pratap Shukla to look into the issues of the MSME sector. Simultaneously, the law…

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ATM Charges Levied By Top Banks For Cash Transactions And Other Services

August 6, 2018

Top banks in the country today offer a limited number of ATM transactions free of cost every month. Major banks, from state-run SBI to private sector lenders ICICI Bank and HDFC Bank, have certain rules applicable to their customers for making transactions at ATMs. After the customer exhausts the permitted number of free transactions in a month, these ATM charges apply depending on the type – whether it belongs to…

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Are you a chicken lover? You might have to stop eating your favourite food for THIS reason – details inside

August 4, 2018

If you are a non-vegetarian then chicken must be one of your favourite food items. While we often enjoy chicken for breakfast, lunch and dinner you might have to stop doing so as the latest study has claimed the non-veg food item is not good for your health. In fact, it is one of those food products that are responsible for the sickness of people more than any other food…

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Decoded: How WhatsApp is becoming the ultimate business communication tool

August 4, 2018

New Delhi: Who knew back in 2009 that a free instant messaging application would become one of the most used in the world with over 1.5 billion users. WhatsApp, which was bought by Facebook for $19 billion in February 2014, has now come a long way from being just a mere communication application to a full-fledged service provider. While is yet to introduce a money-making model, the app has helped Facebook…

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Five Key ATM/ Debit Card Services That State Bank Of India (SBI) Offers

August 4, 2018

State Bank of India or SBI, which has 59,541 ATMs as on March 31, 2018, offers many ATM services, including cash withdrawal. Customers can transact free of cost at the ATMs of State Bank of India group using any SBI ATM-cum-debit card, even at the ATMs of associate banks of SBI, stated sbi.co.in. State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of…

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Your salary may increase as Modi govt plans to cut down PF contributions

August 3, 2018

You might soon take an increased salary home as the Modi government has been reportedly planning to cut down the social security contribution of employees. According to a report in the Economic Times, a Labour Ministry committee is working on the contributory ceiling by the government towards universal social security for all workers, may recommend a contribution which is at least 2 per cent lower than the current ceiling of…

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ONGC posts 4% rise in Q1 net profit at Rs 6,143 crore, highest-ever since 2013; misses estimates

August 3, 2018

New Delhi: State-owned ONGC on Thursday reported its highest quarterly net profit in over four-and-a-half-years on sharp rise in prices for oil and gas it produced. Its net profit of Rs 6,143.88 crore in the first quarter of the 2018-19 fiscal was 58.1 percent higher than Rs 3,884.73 crore in the year-ago period, Oil and Natural Gas Corporation said. Its net profit for first quarter of the previous year was…

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Jio GigaFiber Broadband Registrations Start on August 15 via MyJio, JIo.com

August 3, 2018

Reliance Jio will begin registrations process for its Jio GigaFiber broadband services on August 15, bringing the masses one step closer to access to its high-speed network. At the RIL AGM last month, India’s richest man Mukesh Ambani had said that the Jio GigaFiber service will deliver download speeds of up to 1Gbps to users. For now, the service will be rolled out in 1,100 cities only, and will not…

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