Now many banks ask for Credit Information Bureau (India) Limited (CIBIL) report for sanctioning loans to individuals/companies etc. This report will give credit score to the applicant based on his banking transactions in the past. In order to get the report , we have to do the following: For online applications We can access our […]Read more "Credit Information Report – CIBIL"
Banks like Yes Bank, Union Bank of India, Canara Bank, Andhra Bank have come together to allow inter-bank transfer of funds through their debit cards. So fund transfers among the above banks now made easy through ATM. For this, using the ATM of the above banks, after proper identification etc, then we have to punch […]Read more "Use your debit card for ATM – Applicable to certain banks only now"
What is CAS? It is nothing but Consolidated Accounts Statement. Now SEBI is planning for single statement for all our investments at one place using our PAN number. This may be started probably from March 2015. SEBI has directed all mutual fund registrars and all fund houses to co-ordinate with the stock market depositories namely […]Read more "Consolidated Accounts Statement (CAS)"
Now ATM transactions are putting limit of 5 withdrawals through their own ATM and 3 ATM withdrawals from other Bank ATMs. If anybody withdraws more than the approved one, they will be charged Rs.20 per transactions. Of course RBI has allowed banks to relax these to their clients. The above drives the banking public to […]Read more "Mobile Banking- ATM usage – Smart Technology – Card less cash withdrawal"
One of the iconic events of this year was Vishwanathan Anand’s second clash with Magnus Carlsen for the World Chess Championship. After being humbled by Carlsen in the previous Championship at Chennai in 2013, Anand had worked his way back into the title clash by winning the Candidate’s Tournament. In a match that was billed […]Read more "Vishwanathan Anand – A True Champion!!"
Last week was another dark one for the game of cricket. In India, the people running the BCCI were heavily censured by the Supreme Court.The state of IPL,the premier 20-20 tournament in the country hangs in the balance with calls to ban CSK and RR gaining with every passing moment. But this is more a […]Read more "Does cricket need to rethink player safety after the Phil Hughes episode?"
For Assessees up to the age of 60 years: Income up to 2.5 lakhs – No tax Income from 2.5 lakhs to 5 lakhs – 10% on income above 2.5 lakhs Income from 5 lakhs to 10 lakhs -Rs.25000 plus 20% on income above 5 lakhs Income above 10 lakhs – Rs. 1,25,000 plus 30% […]Read more "Your Indian Income Tax Slab for A.Y. 2015-16 (F.Y. 2014-15) – Individuals"