Automobiles have become an absolute necessity in today’s world and they run either on electricity or fossil fuel. Though electric vehicles have entered the market, they still have a long way to go to replace cars running on petrol and diesel. Those who travel by their own vehicle daily have to put aside a budget…
PAN or Permanent Account Number is a unique 10-digit alphanumeric code issued to each and every entity carrying out financial transactions in India. Be it an individual or an organisation, PAN is mandatory for all tax-paying entities. One can apply for a PAN through NSDL website or UTIITSL portal for PAN. PAN hardcopy is can…
In good news for those who had not been able to link their PAN card with Aadhaar, the Central Board of Direct Taxes (CBDT), working under the Central Government has yet again extended the deadline. Taxpayers have now got time till 30th September 2019 to link their PAN cards with Aadhaar. Earlier, the deadline was…
Fixed deposit is a conventional financial instrument that allows a common man to earn higher interests on his hard-earned savings. Most savings accounts offer interest at 3.5 – 4% p.a. whereas fixed deposits can provide interest at a rate of up to 9% p.a. Money deposited in fixed deposit schemes carries low risk and the…
The Cabinet approved the Aadhaar ordinance that allows people to voluntarily furnish their 12-digit biometric identification number to open a bank account or buy a new mobile SIM. Currently, private entities are not allowed to use Aadhaar details for providing different services as per the Supreme Court’s judgement on Aadhaar on 26th September 2018. The…
UIDAI, the 12-digit Aadhaar issuing authority, provides a number of facilities to empower the government to carry out tasks of the service delivery system efficiently and without much delay. Aadhaar-enabled Payment System is one such system through which bank account holders can withdraw, deposit and transfer funds from their bank accounts with the help of…
The Income Tax Department has changed the design of the PAN card. It has made a few additions to it to make it more user-friendly and secure. The IT Department has started providing new PAN cards post July 7, 2018. It is worth noting that PAN cards issued prior to the aforementioned date will also…
PAN (Permanent Account Number) is a unique 10-character code assigned to each entity carrying out financial activities in India. It also acts as a valid proof of identity for various purposes such as all financial transactions above ₹ 50,000, mutual fund investments, buying properties and other such activities. Are there incorrect details in your PAN…
As per media reports, the Cabinet has approved the merger of Dena Bank and Vijaya Bank with Bank of Baroda on 2nd January 2019. This merger will be effective from April 1st 2019. Once combined, Bank of Baroda will become second largest public sector bank of the country. The government has announced that there will…