How to Verify geniuneness of Income Tax Returns
Sep24

How to Verify geniuneness of Income Tax Returns

Income Tax Return (ITR) is the first thing banks asks for after KYC documents for any type of loan. The borrower submits copies of Income Tax Returns to the bank, which he has filed online. As a banker, specially on credit desk, due diligence is very important for processing any loan application. Verifying genuineness of Income Tax Returns is part of the due diligence process. Because the eligibility of loan amount is often...

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How to know someone’s PAN number?
Sep24

How to know someone’s PAN number?

PAN or Permanent Account Number although primarily issued for Income Tax purpose but is necessary for many transactions and occasions. PAN is required by bankers at the time of loan application (and also for various transaction). What if someone lost PAN Card and do not remember his or her PAN number or otherwise you want to someone’s PAN. Here is the guide to get PAN of any person with some basic details. Through the following...

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How to Verify PAN online or Know PAN Details & ITR
Sep24

How to Verify PAN online or Know PAN Details & ITR

KYC is an important process in Banks and one of the important document submitted by customer is PAN (Permanent Account Number). It is important to verify the authenticity of PAN submitted by the customer to establish identity of the customer and also for further tax purposes. Some of the banks have established systems for verification of PAN through their internal applications (by linking them to Income Tax portal) and are limited to...

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List of Finacle Commands

Looking for Financle Commands used for banking? Finacle is one of the widely used CBS package in banking Industry, which is command based. Finding and remembering finacle commands is not an easy task. To help bankers to easily find financle commands here is the list of Finacle Commands (Finacale Menu Options). You can download the pdf copy from here (financle commands pdf) and save it to your system. Use control+F to instantly find...

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How you can save Rs.7210 of Income Tax by investing Rs.10000
Sep06

How you can save Rs.7210 of Income Tax by investing Rs.10000

Is TDS eating up your salary and you feel that you get less in hand salary? You would be already aware about the various tax saving instruments (like Deductions Section 80C, 80D or deduction of housing loan interest) but do you know you can save more tax with the a little more investment (if you are already investing) with the help of rebate under section 87A of Income Tax Act. If your Total salary (after deductions) is Rs.510,000,...

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Latest MCLR Rates of all Banks
Sep04

Latest MCLR Rates of all Banks

Here is the comparison of MCLR (Marginal Cost based Lending Rates) rates of all the major banks in India. These MCLR Rates are updated from time to time. Lowest MCLR is of State Bank of India. MCLR Rate is the minimum lending rate and all the loan products are linked to this MCLR rate. Check Lowest Interest on Home Loan  MCLR rates of all major banks in India: Bank MCLR Last updated Axis Bank MCLR 8.25% 18 Jan 2017 Bank of Baroda MCLR...

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