This is in continuation to my previous post regarding RBI notifications on CTS (Cheque Truncation System) 2010 Standards on cheque stationery. I wish to inform you that as per the circular dated […]
Cheque only in new format will be honoured from January 1
You may not be able to use your old cheques from next year with the implementation of the new Cheque Truncation System (CTS-2010), which will eliminate physical movement of cheques for clearing. […]
Pl do not deal with unknown persons
2 ‘insurance agents’ held for cheating TOI : 02/07/2012 Two persons were arrested for allegedly cheating people by posing as executives of an insurance company. Praveen Kumar and Hukam Chand were held […]
Gold loans face rising frauds
Frauds are proving to be a headache for gold loan companies which are grappling with the problem of borrowers pledging spurious and even stolen metal to meet their funding requirements. With a […]
Investment limit in Infra bonds to be increased?
The government is considering more than doubling the investment limit in infrastructure bonds eligible for tax rebates as part of a strategy to provide a funding boost to a vital sector while […]
IDFC Infra Bonds
Overview What are infrastructure bonds? To channelize long term retail flows into the Infrastructure sector, the Government of India had introduced Section 80CCF under the Income Tax Act, 1961 (‘the Act’). This […]
Bankers are ‘BHAYANKAR’ Mis-Sellers
1. The top level management of Banks etc. takes huge targets from Insurance Companies, Mutual Funds etc. Then employees of the organization are put under severe pressure to meet the targets. 2. […]
Common KYC for all investment products
Financial sector regulators are working towards a common KYC norm for investors across financial instruments – mutual funds, stocks, bonds, bank deposits, insurance and pension plans. While SEBI has already decided to […]
Its effectively 16.53% returns from PPF
The hike in interest rate has made the PPF the best option for conservative investors. If a couple starts contributing Rs 1 lakh every year, they can together build a tax-free corpus […]
Earning more than 3500 on postal savings account ? Pay tax
You will now have to pay tax on interest earned beyond Rs 3,500 on a postal savings bank account. In a recent decision, the Central Board of Direct Taxes , the apex […]
