Savings Account

RBI new Rs 500 currency. Here's what is different in new notes

The Reserve Banks of India (RBI) today announced introduction of new Rs 500 currency notes. The new version will have few different aspects. The one noticeable aspect of the new currency notes is the inclusion of an inset letter “A”. Besides, in the new notes the signature of the RBI Governor will be on the reverse side. “In continuation of issuing of Rs 500 denomination banknotes in Mahatma Gandhi (new) series from time to time which are currently legal tender, a new batch of banknotes with inset letter “A” in both the number panels bearing the signature of Dr.

why Aadhaar is being challenged in the Supreme Court

Both Apps uses Unified Payments Interface (UPI) technology to transfer money between any two individuals and between an individual and a merchant. Navneet Dubey Moneycontrol News Are you considering using one of the mobile payment apps launched by the government recently? If so, you may be confused on whether you should use the Aadhaar Payment App or Bharat Interface for Money (BHIM)? Well, there are specific features of each of these apps which differentiate them which you should be aware of.

Banks To Start Charging For Person To Person Payments On UPI

SBI is charging Rs 5 per transaction of up to Rs 1 lakh, Rs 15 for transactions between Rs 1-2 lakh and Rs 25 for those between Rs 2 lakh and Rs 5 lakh, while HDFC Bank is proposing Rs 3 for transactions of up to Rs 25,000 and Rs 5 for those between Rs 25,000 and Rs 1 lakh. Nearly two years after operationalisation of the Unified Payment Interface (UPI), banks have started moving to charge for peer-to-peer payments on the new platform.

India's Call Drop Problem: No More Tricks, Telecom Minister Warns Operators

Telecom Minister Manoj Sinha today said his ministry is keeping a watchful eye on all factors of call drop measurement Refusing to lower his guard on the issue of call drops, Telecom Minister Manoj Sinha today said his ministry is keeping a watchful eye on all factors of call drop measurement, which leaves no room for any manipulation. “We are looking at every aspect of call drop. No trick will work in this case,” Sinha told Press Trust of India in an interview.

Aadhaar must to get government co-contribution for availing Atal Pension Yojana

The finance ministry on Monday said their subscribers of the Atal Pension Yojana (APY) will have to link their Aadhaar to their accounts for availing up to Rs 1,000 government’s co-contribution. Any individual who is eligible to receive benefits under the APY will have to furnish proof of possession of Aadhaar number or undergo enrolment under Aadhaar authentication, the ministry said in a statement. Pension regulator PFRDA has identified nearly 12.

SBI To Use Aadhaar For Verification In Recruitment Process

State Bank of India or SBI plans to introduce Aadhaar to verify the identity of candidates across its recruitment processes effective July 1. State Bank of India or SBI plans to introduce Aadhaar to verify the identity of candidates across its recruitment processes effective July 1. India’s largest bank SBI, in a notice dated June 2, said: “Ascertaining the identities of candidates is critical for fair conduct of recruitment process and prevention of impersonation.

How GST will change your online shopping experience from July 1

Tax collected at source Currently, e-commerce websites do not collect tax in any form. Under the GST, they will collect tax at a fixed rate of 1 per cent while paying to the sellers listed on their websites. This is likely to impact prices and make your online shopping more expensive. Though, the move has been deferred, it is likely to come in force at a later date. Faster delivery Under the GST, your goods will reach you faster as the retailers will not have to file a separate paperwork for each state.

India's Plan Of Affordable Housing For All By 2022

The government has backed its Housing for All by 2022 promise with a slew of reforms for buyers and developers alike. The Indian real estate sector has seen a resurgence of interest in 2017 after a slowdown over the past 2-3 years, buoyed by the affordable housing segment, which includes residential units below Rs 50 lakh. Legislations the like Real Estate (Regulation and Development) Act, 2016, (RERA) and Goods and Services Tax (GST) have signalled that the government is ready to walk the talk for its ‘Housing for All’ by 2022 promise and many developers and institutional players have flocked to the affordable housing market, a report by Colliers International India, the Indian wing of a global commercial real estate company said.

Banks Not Responsible For Theft From Lockers, Says Reserve Bank

Some banks, in their locker hiring agreements, have made it clear that any item stored in the locker is at the customer’s own risk and he or she may, in their own interest, insure the valuables. Do not expect any compensation for theft or burglary of valuables in safe deposit boxes of public sector banks as the locker hiring agreement absolves them of all liability. This bitter truth was disclosed in an RTI response by the Reserve Bank of India (RBI) and 19 PSU banks.

Banks Rush To Buy Cyber Security Cover As Digi Payments Rise

The government may cut back some of the plethora of socio-economic schemes that have outlived their utility as it uses outcome budgeting to assess the impact of central sector schemes, a top official said. In a bid to improve quality of public expenditure, the finance ministry has asked every ministry to prepare outcome budget statement linking outlays against each scheme with deliverables achieved and their impact on economy and citizens.