Personal Finance News

PFRDA conducts valuation to weigh up doubling of pension limit to 10K

PFRDA conducts valuation to weigh up doubling of pension limit to 10K

A proposal was made in the past to raise the pension under APY to double the limit from the existing slab of up to Rs 5,000.

Nov 20, 2018, 10:38 AM IST
Sushmita Sen not liable to pay tax on compensation by soft drink firm in sexual harassment case

Sushmita Sen not liable to pay tax on compensation by soft drink firm in sexual harassment case

The bench said that Commissioner of Income Tax has erred, in law and facts and circumstances of the case in considering the Capital receipt of Rs 95,00,000 as income liable to tax.

Nov 19, 2018, 15:34 PM IST
ICICI Bank hikes retail term deposit rates on select maturities

ICICI Bank hikes retail term deposit rates on select maturities

The hikes are effective Thursday.

Nov 14, 2018, 17:31 PM IST
Government likely to reduce employee's Gratuity tenure from five to three years

Government likely to reduce employee's Gratuity tenure from five to three years

Sources also said that workers hired under fixed-term contracts will also be entitled to gratuity.

Nov 12, 2018, 13:52 PM IST
IOB hikes benchmark lending rate by 0.05%

IOB hikes benchmark lending rate by 0.05%

MCLR for a one-year tenor will rise to 8.75 percent from 8.7 percent. Most of its retail loans are benchmarked against one-year MCLR.

Nov 09, 2018, 17:56 PM IST
What is Masked Aadhaar, its privacy benefits and how to download it: All you need to know

What is Masked Aadhaar, its privacy benefits and how to download it: All you need to know

You can use Masked Aadhaar for KYC where sharing Aadhaar number is not necessary.

Nov 09, 2018, 11:29 AM IST
Deutsche Bank, HCL Technologies partner to build cloud-based digital cheque platform

Deutsche Bank, HCL Technologies partner to build cloud-based digital cheque platform

Through advanced data analytics, the bank will enable its corporate and institutional clients to use data generated out of the platform, to better manage business flows and working capital.

Nov 06, 2018, 10:11 AM IST
Atal Pension Yojana subscriber base crosses 1.24 crore mark

Atal Pension Yojana subscriber base crosses 1.24 crore mark

APY is administered by PFRDA through NPS architecture.

Nov 05, 2018, 14:38 PM IST
Mastercard lodged US protest over Modi's promotion of Indian card network RuPay

Mastercard lodged US protest over Modi's promotion of Indian card network RuPay

Modi has publicly endorsed the indigenous card payment network, saying using RuPay was like serving the country as its transaction fee stays within India and could help build roads, schools and

Nov 02, 2018, 14:41 PM IST
Fake bank apps may have stolen data of thousands of customers: Report

Fake bank apps may have stolen data of thousands of customers: Report

These fake android apps have logo of respective banks which makes it difficult for customers to differentiate between the fake and original apps.

Oct 24, 2018, 14:04 PM IST
Govt hikes General Provident Fund interest rate to 8% for October-December quarter

Govt hikes General Provident Fund interest rate to 8% for October-December quarter

The rate is in line with that for Public Provident Fund.

Oct 16, 2018, 15:46 PM IST
Data localisation: Govt, RBI not in favour of extending October 15 deadline

Data localisation: Govt, RBI not in favour of extending October 15 deadline

Global financial technology companies have reportedly sought an extension to the October 15 timeline.

Oct 15, 2018, 17:39 PM IST
SBI internet banking facility may be blocked if mobile number not linked before December

SBI internet banking facility may be blocked if mobile number not linked before December

The latest SBI announcement comes in the wake of the Reserve Bank of India's circular in July this year stating that banks must ask their customers to mandatorily register for SMS alerts.

Oct 15, 2018, 14:28 PM IST
Know how RBI's data localisation norms will impact you

Know how RBI's data localisation norms will impact you

The move is part of a wider push by Indian government for protecting user data.  

Oct 15, 2018, 12:14 PM IST
Bank of India raises MCLR rates by 0.05% on two tenures

Bank of India raises MCLR rates by 0.05% on two tenures

The lender left the MCLR rates for three, six and 12 months loan tenures unchanged at 8.30 percent, 8.50 percent and 8.60 percent, respectively.

Oct 11, 2018, 16:59 PM IST
HDFC raises retail lending rate by 10 bps

HDFC raises retail lending rate by 10 bps

The new rates vary from 8.80 to 9.05 percent on various slabs of loans.

Oct 01, 2018, 17:21 PM IST
SBI reduces ATM cash withdrawal limit from Rs 40,000 to Rs 20,000 per day: Report

SBI reduces ATM cash withdrawal limit from Rs 40,000 to Rs 20,000 per day: Report

The new cash withdrawal limit will come into effect from October 31.

Oct 01, 2018, 10:27 AM IST
MSME to get loans up to Rs 1 crore within 59 minutes, FM launches new portal

MSME to get loans up to Rs 1 crore within 59 minutes, FM launches new portal

The Portal reduces the loan processing turnaround time from 20-25 days to 59 minutes.

Sep 27, 2018, 12:10 PM IST
Government launches Jan Dhan Darshak mobile app for locating financial service touch point

Government launches Jan Dhan Darshak mobile app for locating financial service touch point

Over 5 lakh FI touch points have been mapped on this app.

Sep 26, 2018, 14:06 PM IST
Aadhaar mandatory for PAN, I-T returns but not for bank, mobile services: SC

Aadhaar mandatory for PAN, I-T returns but not for bank, mobile services: SC

The apex court's five-judge Constitution bench headed by Chief Justice Dipak Misra said Aadhaar will not be required for opening bank accounts, admissions in schools or for getting mobile connections

Sep 26, 2018, 12:18 PM IST