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SBI ATM Charges Explained: ATM Transaction Limit, Free Transactions And Other Details

SBI or State Bank of India, the country’s largest bank, currently allows unlimited transactions free of cost at its group ATMs for customers maintaining a monthly average balance above Rs. 25,000 in the previous month. For accounts with lesser monthly average balance, SBI has set certain limits on the number of ATM transactions – of financial or non-financial nature – at its group ATMs. For example, State Bank of India customers having maintained a monthly average…

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Facebook is hiring for top jobs in India

Social media giant Facebook has advertised a raft of India leadership jobs even as it struggles to fill the corner office in its biggest user market. Over the last one week, Facebook India — which is yet to fill the post of managing director after Umang Bedi resigned from the post in October last year — has invited applications for vertical head for ecommerce, head of creative strategy, director of…

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Amazon Now re-brands itself as Prime Now, promises 2-hour express delivery

Amazon India has rebranded its grocery services as Prime Now which promises to provide 2 hours express delivery to its prime members. The Amazon Prime Now app is now available for download on Android and iOS devices. Talking about the launch, Head of Prime Now, Amazon India, Siddharth Nambiar said that they have invested in the customized infrastructure of fulfilment centres (FC) for faster deliveries and chill chains to maintain…

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Late tax refunds: Don’t feel helpless, you can go to the tax ombudsman; Here’s what to do

Delays in income tax refunds, even after the stipulated number of months, are faced by many taxpayers. At such times taxpayers often feel helpless with absolutely no recourse. To address such issues, the government has set up the tax ombudsman’s office in select cities, to address grievances and to provide taxpayers a platform to put forth their issues. Income tax ombudsman The ombudsman is an independent body initiated by the…

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Big new change: Govt to take strict action to scrap 15-year old cars: Here’s your plan of action

As the leaves turn colour, a familiar grey hue begins to descend on the Nation’s capital, the annual winter choke months are here. As is usually the case, the government is struggling to battle rising pollution levels, with all the tools at their disposal from the odd-even rule to the scrappage of older diesel cars that exceed the 15 year age limit. Reports now suggest that a crackdown on cars…

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Petrol, Diesel Price Cut: Indian Oil, Other Fuel Retailers Fall Over 20%

Mumbai: Shares in state-owned oil marketing companies slumped more than 20 per cent to multi-year lows on Friday, a day after the government announced a cut in fuel prices that is expected to hit the state and the oil marketers. The price cut sparked fears of the country going back toward the regulated regime where the prices of diesel and petrol were controlled by the government. Petrol prices were regulated…

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Money plea from Facebook friend? Beware, messenger hacked

NEW DELHI: A number of Facebook users in India on Thursday reported hacking of their accounts as their FB chat messenger was accessed without their knowledge, and used for seeking money from the people in their friend list. The incidents, which also saw people getting notifications on their WhatsApp accounts from ‘Facebook’ itself requesting change of their password, comes days after the company reported a breach of 50 million accounts globally, including…

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Facebook blocked users from posting some stories about its security breach

Some users are reporting that they are unable to post today’s big story about a security breach affecting 50 million Facebook users. The issue appears to only affect particular stories from certain outlets, at this time one story from The Guardian and one from the Associated Press, both reputable press outlets. When going to share the story to their news feed, some users, including members of the staff here at TechCrunch who were able…

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As SC scraps Aadhaar-based KYC authentication, here’s how banks will now open your accounts

New Delhi: With the Supreme Court verdict disallowing third-parties including banks from authenticating customers with Aadhaar, the country’s financial organisation are expected to keep it as an optional OVD or official valid document for opening a bank account. It may be noted that over the past few years, banks had started authenticating customers with Aadhaar number but the top court’s judgement changes everything. While fintech companies have openly expressed dissatisfaction…

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Bad news for families using HUFs to save tax, this effective tool may be gone soon

India is a country known for its roots imbedded in the culture of its society. Thus, the Indian law had established and recognised the concept of Hindu Undivided Family (HUF) wherein the skills, effort and resources are pooled in by family members for common benefit. Under the Indian Income Tax Act, 1961 also, HUF has been identified distinctly from the family members as a ‘person’ and its income is taxed…

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Fees refund matter: Warning! From Modi govt to higher educational institutions – Strict action

The Ministry of Human Resource Development has warned higher educational institutions of strict action if they do not return the fees of those withdrawing admissions. Institutions are bound to return fees and original documents of students in case a candidate opts to withdraw the admission, according to the norms of the University Grants Commission (UGC) and the All India Council for Technical Education (AICTE). “Any institution not returning fees in…

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