Personal Finance News

Bandhan Bank cuts interest rate on micro loans by 70 bps

Bandhan Bank cuts interest rate on micro loans by 70 bps

The revised rate will be applicable to new disbursements from Tuesday, the bank said in a statement.

Jun 18, 2019, 10:13 AM IST
Farmers to contribute Rs 100 per month under PM-Kisan Pension for fixed monthly pension of Rs 3,000

Farmers to contribute Rs 100 per month under PM-Kisan Pension for fixed monthly pension of Rs 3,000

Under this scheme a minimum fixed pension of Rs 3000 per month will be provided to the eligible small and marginal farmers subject to certain exclusion causes on attaining the age of 60 years.

Jun 14, 2019, 11:02 AM IST
Government reduces rate of ESI contribution from 6.5% to 4%

Government reduces rate of ESI contribution from 6.5% to 4%

The reduction in rates will benefit 3.6 crore employees and 12.85 lakh employers, government said.

Jun 14, 2019, 10:45 AM IST
Non-life insurers' premium rises 16% rise to Rs 12,235 crore in May

Non-life insurers' premium rises 16% rise to Rs 12,235 crore in May

All the 34 non-life insurance firms had collected Rs 10,508.61 crore in May 2018.

Jun 14, 2019, 09:48 AM IST
Union Budget 2019: FM may announce big tax relief on home insurance

Union Budget 2019: FM may announce big tax relief on home insurance

Sources further said that relief may be given in income tax to home buyers who take housing insurance. Such rebate or concession may be given to those in the affordable housing sector.

Jun 13, 2019, 16:29 PM IST
Emerging Trends in General Insurance – India 2019

Emerging Trends in General Insurance – India 2019

2018 proved to be an interesting year for the insurance industry with various developments.

Jun 12, 2019, 16:48 PM IST
IDBI Bank cuts MCLR by 5-10 bps across various tenors

IDBI Bank cuts MCLR by 5-10 bps across various tenors

The lender has reduced its one-year MCLR or the minimum lending rate to 8.95 per cent.

Jun 12, 2019, 15:21 PM IST
RBI sets up committee to review ATM charges and fees

RBI sets up committee to review ATM charges and fees

RBI said that committee has been set up with the view to give a fillip to the ATM deployment in the unbanked areas.

Jun 12, 2019, 11:16 AM IST
Banks to waive all charges on fund transfer through RTGS, NEFT from July 1

Banks to waive all charges on fund transfer through RTGS, NEFT from July 1

The Reserve Bank levies minimum charges on banks for transactions routed through its RTGS meant for large-value instantaneous fund transfers and the NEFT System for other fund transfers. Banks, in

Jun 12, 2019, 10:47 AM IST
No transaction charges on NEFT, RTGS – Know what is NEFT and RTGS

No transaction charges on NEFT, RTGS – Know what is NEFT and RTGS

NEFT is an electronic fund transfer system in which the transactions received up to a particular time are processed in batches. Contrary to this, in RTGS, the transactions are processed continuously

Jun 11, 2019, 11:45 AM IST
Bitcoin users may get jail term of 10 years as government plans law to ban cryptocurrency

Bitcoin users may get jail term of 10 years as government plans law to ban cryptocurrency

The "Banning of Cryptocurrency and Regulation of Official Digital Currency Bill 2019" draft has proposed jail term of 10 years for persons who "mine, generate, hold, sell, transfer, dispose, issue or

Jun 10, 2019, 16:03 PM IST
SBI may pass on RBI's rate cut benefits to customers, announcement likely after evaluation

SBI may pass on RBI's rate cut benefits to customers, announcement likely after evaluation

The RBI has announced reduction of repo rates by 25 basis points to 5.75 percent in its second bi-monthly monetary policy of 2019-20.

Jun 07, 2019, 16:55 PM IST
No charges on RTGS, NEFT online transactions; RBI to issue notification soon

No charges on RTGS, NEFT online transactions; RBI to issue notification soon

The RBI decision to make RTGS and NEFT free from charges will benefit lakhs of users who conduct online transaction.

Jun 06, 2019, 12:32 PM IST
CBDT extends due date for filing of TDS statement in Form 24Q

CBDT extends due date for filing of TDS statement in Form 24Q

It has also extended the due date for issue of TDS certificate in Form 16 for financial year 2018-19 from June 15 to July 10

Jun 05, 2019, 16:01 PM IST
Five things to know about the new RTGS rule

Five things to know about the new RTGS rule

The new RTGS deadline will be applicable from June 1.

May 30, 2019, 11:10 AM IST
RBI extends RTGS deadline from June 1 – Check out new timings

RBI extends RTGS deadline from June 1 – Check out new timings

RTGS is a financial transaction system, where there is continuous and real-time settlement of fund transfers, individually on a transaction-by-transaction basis.

May 29, 2019, 12:41 PM IST
CBDT extends due dates of TDS compliance to deductors in Odisha

CBDT extends due dates of TDS compliance to deductors in Odisha

CBDT has done so to redress genuine hardship faced by the deductors due to the severe disruption of normal life and breakdown of communication systems caused by cyclone Fani in Odisha.

May 25, 2019, 10:06 AM IST
Senior citizens with taxable income up to Rs 5 lakh can seek TDS exemption on bank interest

Senior citizens with taxable income up to Rs 5 lakh can seek TDS exemption on bank interest

Earlier, the limit for seeking Tax Deducted at Source (TDS) exemption was Rs 2.5 lakh.

May 24, 2019, 13:03 PM IST
Irdai proposes non-exclusion of critical illnesses in health policies

Irdai proposes non-exclusion of critical illnesses in health policies

With the increase in the number of health insurance companies as well as health insurance products in the market, Irdai in draft guidelines proposes that the health insurance industry should adopt a

May 18, 2019, 17:46 PM IST
Indian insurance industry is going digital; are you following?

Indian insurance industry is going digital; are you following?

Insurance as an industry is currently at the helm of a disruptive technological revolution.

May 15, 2019, 17:20 PM IST