India’s state-owned telecom operator Bharat Sanchar Nigam Ltd. (BSNL) has announced an entry level ‘Unlimited Broadband at Rs. 249’ plan for its users in India under which they will get up to 300GB data per month. The new plan also offers free calls during night time on certain days. The introductory offer which is only for new customers is valid for one year after which it will be changed to ‘BBG Combo ULD Rs.
The RBI asked banks to put in place a software update at automated teller machines to prevent their systems from a malware that has attacked payment systems across the world. The Reserve Bank of India has asked banks to follow the instructions of the Indian Computer Emergency Response Team (CERT-In), a government organisation, to prevent attack by ransomware ‘WannaCry’ which has impacted various IT networks in over 150 countries. CERT-In has come out with a list of dos and don’ts and webcast on how to protect networks from the global ransomware attack.
Is there any special monsoon motor insurance cover available in the market? – Anuj Bansal For new vehicles up to a certain number of years, add-on covers like Engine Protect and Return To Invoice is advisable to opt for. These add-on covers are annual contracts and not restricted to a particular season. Engine Protect will indemnify the owner for engine related damages caused to the vehicle due to water ingression in the engine while driving the vehicle in accumulated flood waters.
Credit card providers, banks and insurers have started alerting their customers to pay higher tax post implementation of Goods and Services Tax (GST) from July 1. Customers currently pay 15 per cent service tax for such services. Starting from July 1, 2017 the GST will replace all indirect taxes like service tax and VAT. Financial services and telecom have been put in the 18 per cent GST slab. SBI Card has sent SMS to its customers alerting about the higher incidence of tax.
Recharge your Jio number and get Rs. 75 cashback. This is a new limited-period offer from PhonePe, a Flipkart-owned mobile wallet, which is giving a flat Rs. 75 cashback on Jio prepaid recharge. Reliance Jio had a total subscriber base of 12.3 crore after adding over 6 million customers in June, according to latest figures released by telecom regulator. With revised “Dhan Dhana Dhan” offer, which Jio launched last month, Jio customers can get 1 GB data per day for 84 days at a recharge of Rs.
India had entered into an agreement with the United States for implementation of the Foreign Accounts Tax Compliance Act (FATCA) with effect from August 31, 2015. Bank accounts that were opened between July 1, 2014 and August 31, 2015 and are not in compliance with FATCA (Foreign Account Tax Compliance Act) provisions will be blocked. The Income Tax Department had set a deadline of April 30 for FATCA compliance for these accounts.
State Bank of India or SBI has in recent months revised its charges on various services like ATM withdrawal , cash transactions, issuance of cheque books, exchange of soiled notes and online transfer of funds through Immediate Payment Service (IMPS). SBI has clarified that customers of its mobile wallet State Bank Buddy will be charged 3 per cent plus GST of 18 per cent on transfer from Buddy to bank account using IMPS.
HomeIndustry Banking financeFee on IMPS transactions under Rs 1000 removed by SBI Fee on IMPS transactions under Rs 1000 removed by SBI State Bank of India (SBI) on Wednesday waived charges on all money transfers of less than Rs 1,000 made through the Immediate Payment System (IMPS) channel, in a bid “to promote small ticket size transactions”. By: FE Bureau | Mumbai | Updated: July 13, 2017 5:02 AM imps, sbi, state bank of india, sbi news, sbi latest news, imps transaction fee SBI’s decision to waive charges on some IMPS transactions may have been the result of more than a nudge from the government.
The government has made it mandatory to link the existing Aadhaar numbers with the PAN cards of taxpayers with effect from July 1, 2017. In fact, Section 139AA of the Income-tax Act, 1961, as introduced by the Finance Act, 2017, provides for mandatory quoting of Aadhaar / Enrolment ID of Aadhaar application form, for filing of return of income and for making an application for allotment of Permanent Account Number with effect from 1st July, 2017.
1: The ATM expansion era is over. ATM extensions will no longer be part of future banking growth, and future ATMs may well be of the mobile kind focused only on rural cash deliveries. But even here, the growth will be limited. Standalone ATM companies may have a future, but only because banks may choose to outsource all their existing networks to them so that they can focus on growing the digital business themselves.