March 2021: Bank Holidays Calendar – Check important dates for you

The Reserve Bank of India (RBI) has mentioned some days when the banking operations will remain closed in the month of March 2021. However, it must be noted that the bank holidays vary in various states as well not observed by all the banking companies. Banking holidays also depend on the festivals being observed in […]

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Latest PF tax rules came in effect from April: This is how it will impact you

Finance minister Nirmala Sitharaman announced in Budget 2021 that interest on employee contributions to provident fund of over ₹2.5 lakh per annum would be taxed, starting from 1 April. Up to ₹2.5 lakh has been kept as the deposit limit for which interest is tax exempt, finance minister said. At least 12% of an employee’s basic salary and performance […]

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SBI Pension Loan: Check important features & benefits that you can avail

State Bank of India (SBI) offers pension loans to senior citizens and family pensioners receiving a regular pension from the central or state government through the bank. This personal loan can be used by pensioners to fulfill various personal financial needs such as funding your child’s marriage, buying your dream home, planning a trip or […]

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Salary hikes: Higher PF outgo may blunt salary hikes

Salary hikes this 12 months may not translate into larger cash-in-hand for workers if organisations select to pay extra in provident fund (PF) contributions as a result of new definition of wages proposed by the federal government, confirmed a examine. While 88% of corporations mentioned they intend to extend pay in 2021, up from 75% final 12 months, […]

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LIC launches new Bima Jyoti plan: Check Benefits

Amid the fall in interest rates offered by banks, the Life Insurance Corporation of India (LIC) has launched a non-linked, non-participating, individual savings plan called Bima Jyoti. The plan offers a combination of protections and savings. While it will provide life cover in case of unfortunate death of the policyholder, it also provides guaranteed lumpsump […]

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7th Pay Commission: Modi government this move to increase DA, salary of central government employees

  7th Pay Commission Latest News: In what could be a double bonanza for central government employees, the Modi government is planning to increase Dearness Allowance (DA) of these employees by 4 per cent and also clear arrears. It has been reported that central government employees could get these benefits well before Holi.  This also means that if the […]

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Follow these RBI rules to prevent major ATM fraud

The Reserve Bank of India (RBI) has made several new guidelines regarding the use of debit cards and credit cards effective from October 1, 2020, to make the transaction more secure and safer. The RBI has directed all banks to not unnecessarily give international facilities to customers’ cards unless the customer himself demands it. The […]

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Here’s a step by step guide on how to cancel registration under GST

What is meant by cancellation of registration? Cancellation of GST registration simply means that the taxpayer will not be a GST registered person any more. He will not have to pay or collect GST. Consequences of Cancellation The taxpayer will not pay GST anymore For certain businesses,  registration under GST is mandatory. If the GST registration […]

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