HDFC Bank has introduced a new service of ‘Cardless Cash’ through which customers can now withdraw money via ATM without using an ATM or a debit card. With the help of this service, customers can now save themselves from the hassle of carrying a card. Moreover, it shall also minimize the chances of losing the…
There are times when the weekend falls on the first day of the month due to which the employees wait till Monday for their salaries to get credited. However, with effect from 1st August 2021 all the banking transactions such as salary, pension, and EMI payments will happen 24×7. The Governor of RBI during the bi-monthly…
Public Provident Fund or PPF is one of the most popular tax saving investment schemes in India, where contributions towards it is deducted from the taxable income. The interest gained on the deposits is also exempted from tax deductions. What are the tax benefits of PPF? Under the Section 80C of the Income Tax Act […]
While a salary account is a type of savings account, certain aspects make it different from its parent (savings A/c). Thus, compare the features and benefits of both types well before closing your salary account or converting it into a savings account.
