Operating Guidelines for Payments Banks have been issued by RBI on 6th October 2016. Gist of operating guidelines is given below:…
Interest on PPF has been reduced by 0.10% w.e.f. 1st October 2016 from 8.10% to 8.00%. Besides PFF, rate of…
Advances to individuals As per RBI guidelines, Banks may grant advances against the security of shares, debentures or bonds to…
Reserve Bank of India, on 29th September, 2016 directed banks and financial institutions to publish photographs of only wilful defaulters…
Increase in Dearness Allowance for Bank Employees for November 2016 to January 2017 is 2.30%. [See Actual DA for November…
Nine candidates have been recommended by Bank Board Bureau for the post of Executive Directors in public sector banks. Following…
Income Tax Return (ITR) is the first thing banks asks for after KYC documents for any type of loan. The…
PAN or Permanent Account Number although primarily issued for Income Tax purpose but is necessary for many transactions and occasions.…
KYC is an important process in Banks and one of the important document submitted by customer is PAN (Permanent Account Number).…
KYC or "Know your customer" is a regulatory and legal requirement. KYC is important to prevent identity theft, financial fraud, money…