Kotak Mahindra Bank has launched an App ‘Kotak Now’ through which saving account can be opened digitally without visiting branch and without submitting any physical papers to the bank. Click and upload pictures of the key documents required and have a video Read more…
Charge on stocks & book debts machinery is also required to be filed with CERSAI. CERSAI, vide their notification dated 18/05/2016 has made it mandatory to file/ satisfy security transactions secured movables, intangibles and immovable other than equitable mortgage. Earlier Read more…
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 Read more…
Responding to a questions on allegations that banks have deposited one rupee in Jandhan accounts to reduce number of zero balance accounts, Finance Minister Arun Jaitley said 4 PSU banks are investigating that whether money in some Jandhan accounts was deposited by account Read more…
11th Bipartite Settlement (Bank Wage Revision) is due on 1st November 2017. Government had already written to Banks and IBA on 12.01.2016. Despite the initiative taken by Finance Ministry, there is no progress shown by Bank employee Bank employees unions Read more…
See: Expected DA for February 2017 to April 2017 Increase in Dearness Allowance for Bank Employees for November 2016 to January 2017 is 2.30%. [See Actual DA for November 2016 to February 2017 to see scale wise Chart of DA and Read more…
RBI/2016-17/62 DBR.No.Leg.BC. 13/09.07.005/2016-17 September 8, 2016 The Managing Directors/Chief Executive Officers All Scheduled Commercial Banks (including RRBs) Dear Sir, Income Declaration Scheme, 2016 – Acceptance of Cash Over the Counter Please refer to the Circular DBOD.No.Leg.BC.38/09.07.005/2008-09 dated August 28, 2008 Read more…
FEDAI has issued guidelines regarding joint holding in NRO accounts with residents. The guidelines have been issued by FEDAI based on clarifications sought from RBI. The FEDAI guidelines are given as under: Joint holding with residents Reference para 7 of Read more…
RBI has issued fresh FAQs on Know Your Customer (KYC) guidelines. (Updated up to September 02, 2016) (This is a summarised and simplified version of the Reserve Bank of India’s Know Your Customer guidelines.) Q1. What is KYC? Why is Read more…
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 Read more…