According to the new withdrawal rules set by the Reserve Bank of India, the interchange fee charged by banks (both public and private banks) on ATM transactions has been raised from Rs. 15 to Rs. 17 whereas for the non-financial transactions hike has been made from Rs. 5 to Rs. 6. These charges will be…
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.
As per the latest update, IFSC Codes of the amalgamated bank i.e. Syndicate Bank is going to be changed with effect from 1st July 2021. Nirmala Sitharaman, the Finance Minister of India, announced the consolidation of Syndicate Bank with Canara Bank in April 2019 which came into effect in 2020. The Reserve Bank of India…
