Deposits
Is your bank deposit safe? Know more about FRDI Bill & bail-in clause
Fri, Dec 08, 2017
FRDI Bill i.e. Financial Resolution and Deposit Insurance Bill 2017 aims to focus on finding a resolution in case of a rare event of a failure of any financial service provider like banks, insurance companies or a non-banking financial companies etc. At present the bill is pending with the standing committee and have not been enacted as a law.
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10 days left to deposit under Pradhan Mantri Garib Kalyan Deposit Scheme; Follow these 3 steps
Thu, Apr 20, 2017
Launched on December 6, 2017, the PMGKDS was applicable to every declarant under the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana - the scheme closed on March 31.
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Over 1 lakh SB accounts opened in TN: Airtel Payments Bank
Mon, Mar 13, 2017
"We are delighted to have taken formal banking services to these remote rural pockets of Tamil Nadu. We are fully committed to the vision of Digital India and financial inclusion," MD and CEO of Airtel Payments Bank, Shashi Arora said.
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FM Arun Jaitley set to launch Airtel's Payments Bank on January 12
Wed, Jan 11, 2017
Finance Minister Arun Jaitley is scheduled to launch Airtel's Payment Bank on Thursday, which has been running pilot services in four states. Airtel has sent out media invites "for the launch of Airtel Payments Bank India's first payments bank by Arun Jaitley" for January 12.
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Demonetisation: 60 lakh depositors put Rs 7 lakh crore in banks since November 8
Fri, Dec 30, 2016
As many as 60 lakh individuals and firms have made large deposits totalling an astonishing Rs 7 lakh crore in old notes, top government officials said today while warning that every penny of tax will be extracted as the black money does not become white by merely putting it in banks.
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Notes Ban: Govt likely to come up with ordinance before Cabinet today
Wed, Dec 28, 2016
In an attempt to put an end to the liability of the government and the Reserve Bank of India (RBI) on the demonetised high value notes, the government is likely to come up with an ordinance before the Union Cabinet on Wednesday, PTI reported on Tuesday.
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Deposit in bank acounts of political parties exempt from tax, says Hasmukh Adhia
Sat, Dec 17, 2016
As it levies stiff penalties on unaccounted cash in banks, the government on Friday said political parties depositing old Rs 500 and Rs 1,000 notes in their accounts will be exempt from income tax.
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