(Photo: iStock)
Interest rate on PPF, NSC, and other small savings schemes kept unchanged for Q3
1 min read . 30 Sep 2020Interest rates for small savings schemes are notified by the Finance Ministry on a quarterly basis
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On Tuesday RBI had done the first tranche of OMO following the tightness in the commercial paper market. (Mint )
Loan restructuring to hit credit score, eligibility
4 min read . 30 Sep 2020The Reserve Bank of India allowed a one-time restructuring of loans after the six months’ moratorium facility got over in August
The CBDT on Wednesday extended the deadline for filing income tax returns (Photo: iStock)
Covid-19 impact: Deadline to file ITR for AY20 extended to 30 Nov
2 min read . 30 Sep 2020- The Central Board of Direct Taxes on 30 September extended the last date for filing ITR for AY 2019-20
- Those looking to file belated or revised ITRs for income generated between April 2018 and March 2019 can now do so
With the advent of new technologies, claim settlement has also become simpler and quicker than before
Life insurance claims can be completed over WhatsApp in 5 minutes now
2 min read . 30 Sep 2020- With a pandemic that demands you to maintain social distancing, people are relying on internet to browse through life and health insurance policies
- To cater to the customers amid this challenging time, the insurance companies have implemented a dozen of services
Income tax saving FDs: Minimum investment required varies from bank to bank.
CBDT issues over ₹1,18,324 cr refund to 33.54 lakh taxpayers since April
1 min read . 30 Sep 2020The I-T refunds of ₹32,230 crore were issued in 31,75,358 cases and corporate tax refunds of ₹86,094 crore have been issued in 1,78,540 cases.
Let's take a look at RBI's new guidelines for credit, debit cards effective tomorrow. (Bloomberg)
New debit card, credit card rules from tomorrow: 10 things to know
1 min read . 30 Sep 2020- These measures will make debit, credit cards more secure and curb their misuse
- Let's take a look at RBI's new guidelines for credit, debit cards effective tomorrow
Bank FD interest rates have fallen to the levels as seen in 2004-05. (AP Photo/Manish Swarup) (AP)
7 investment options to earn better than bank FD returns
3 min read . 30 Sep 2020SBI Bank is offering interest rates between 2.9% and 5.4% across different tenures.
ICICI Bank today announced the launch of a festive bonanza. (REUTERS)
ICICI Bank announces special benefits on home, auto loans
1 min read . 30 Sep 2020- ICICI Bank today announced the launch of a festive bonanza that presents thousands of offers
- It also offers attractive benefits to retail and business customers on various banking products and services
Supratim Bandyopadhyay, PFRDA chairman.
‘NPS subscribers will soon get same-day NAV option’
4 min read . 30 Sep 2020We are in discussions with the government of India to have a universal pension product, which can be extended to everyone, says Supratim Bandyopadhyay, PFRDA chairman
HRA benefit is calculated for the period for which the rent is actually paid and not for the year as a whole. Photo: iStock
Can I claim income tax benefit on both HRA and home loan?
2 min read . 30 Sep 2020Even if you have taken possession of the house on the last day of the financial year, you will still be able to claim interest for the full year.
Bank holidays also depend on the festivals being observed in specific states. (AP)
Bank holidays in October 2020: Check full list here
1 min read . 30 Sep 2020- Bank holidays vary in various states
- Here is a complete list of bank holidays in October
Due to the risks involved in case of misuse of the POA, it is normally executed very sparingly
A power of attorney may be made for a limited period of time and is revocable
2 min read . 29 Sep 2020The PoA should state if the attorney can sub-delegate the powers delegated to him or her to another person and that the PoA shall be valid even in the event you are incapacitated due to ill health
What happens if an app you have an outstanding loan with gets banned (AP)
If Chinese lending apps get banned, this is what you can do
2 min read . 29 Sep 2020App-based lenders have come under fire for using coercive recovery techniques ever since the lockdown
Photo: Mint
Trading in energy, share deals exempt from TDS, TCS on e-commerce
2 min read . 29 Sep 2020- The apex direct tax policy making body issued a set of guidelines to clarity applicability of the provisions taking effect from Thursday
- The TDS and TCS provisions on e-commerce were brought in through the Finance Act of 2020
Stock markets had a rough year just about everywhere
The change we want is also the change we resist
4 min read . 29 Sep 2020New systems, better technology, rules of the road and more oversight in those heady years of change of the 1990s put in place the foundations of a market that saw business grow exponentially
If you don’t get a loan from the bank auctioning the property, other institutions will not lend for a foreclosed asset
Three things to ask before you buy a house in a bank auction
5 min read . 29 Sep 2020- The properties to be auctioned include open plots, residential, industrial, and commercial units across India
- While not all properties may come with problems, it is important to do your due diligence before buying and read the terms and conditions
An ECO is liable to deduct TDS at 1%.
TDS/TCS provisions to be applicable for e-commerce firms from next month
4 min read . 29 Sep 2020- The move came after the Central Board of Direct Taxes noticed 'practical difficulties in implementing provisions of TDS and TCS'
State Bank of India will conduct an e-auction for properties tomorrow (Mint)
SBI mega e-auction for properties across the country today: Check details
2 min read . 29 Sep 2020- More than 1,000 properties will be up for the sale, according to reports
- Under SBI mega e-auction, you have a chance to bid and win some home, plot or shop at a lower price than the existing market rate
SBI Card ELITE and SBI Card PRIME on American Express platform will come at a joining fee of ₹4,999 and ₹2,999 respectively. (Photo: Aniruddha Chowdhury/Mint)
SBI Card joins hands with American Express to offer premium benefits, services
1 min read . 29 Sep 2020- This alliance is another step in our efforts to bolster our premium portfolio, said Ashwini Kumar Tewari, MD & CEO, SBI Card
- With this launch, SBI Card will have products across four networks
SBI: You can check the balance online through internet or mobile banking. (Mint)
How SBI account holders can check balance, view passbook without log in
1 min read . 29 Sep 2020- If you have an account in SBI and want to check your account balance, you can do it in a number of ways
- The balance can also be checked through SBI Yono app
