On 9th May-15, PM launched PMSBY (Pradhan Mantri Suraksha Bima Yojna) for citizens of India. It is the policy with least premium in India. Just at a premium of INR 12/-, an insurance of INR 2 lacs is available. Features of this scheme is given below: This scheme offers accidental insurance policy. Sum assured under…
DetailsOn 9th May-15, PM launched PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojna) for citizens of India. It is the policy with least premium in India. Just at a premium of INR 330/-, an insurance of INR 2 lacs is available. Features of this scheme is given below: This scheme offers life insurance policy. Sum assured…
DetailsRBI/2014-15/590 DBS.CO.CFMC.BC.No.007/23.04.001/2014-15 May 7, 2015 The Chairmen & Chief Executive Officers of all Scheduled Commercial Banks (excluding RRBs) and All India Select Financial Institutions Dear Sir/Madam, Framework for dealing with loan frauds The rising trend in loan related frauds in the financial sector is a matter of serious concern. Equally disquieting is the delay in…
DetailsRBI/2014-15/589 DPSS (CO) PD No.2112/02.14.003/2014-15 May 07, 2015 All Scheduled Commercial Banks including RRBs/ Co-operative Banks / State Co-operative Banks/ Central Co-operative Banks/ Authorised Card Payment Networks Madam / Dear Sir, Security and Risk Mitigation Measures for Card Present and Electronic Payment Transactions A reference is invited to our circulars DPSS.PD.CO.No.513 / 02.14.003 / 2011-2012…
DetailsRBI/2014-15/587 DGBA.GAD No.H- 5013/45.01.001/2014-15 May 07, 2015 The Chairman/ Chief Executive Officer All Agency Banks Dear Sir Mandatory issue of acknowledgement to pensioners on submission of life certificates In terms of extant instructions, all pensioners are required to furnish a life certificate to the pension disbursing bank every year in November for continuance of pension.…
DetailsIncome Tax Dept. has issued circular defining the procedure to be following in case demand is received by taxpayer. Procedure also laid down for verification and correction of Demand by AOs. This circular can be downloaded from here. Google Plus Google Community Facebook Twitter
DetailsA matter which has attracted considerable debate in the public space in recent weeks is thelevy of Minimum Alternate Tax (MAT) on Foreign Institutional Investors (FIIs). The difficultiesexperienced by FIIs in this regard were brought to the notice of the Government when we werepreparing the Budget for 2015-16. Considering their difficulty, the Finance Bill 2015-16…
DetailsMCA has introduced e-form INC-29 through which one can avail following services: Apply for DIN. Maximum 3 numbers of DIN can be applied using this form. Name of Company Incorporation of Company Separate forms will also be available for incorporation and name of company for those who want to avail these services separately. This form…
DetailsRBI vide its notification DNRB. (PD).CC.No. 033/03.10.001/2014-15 dt. 30th Apr-15, has dispensed with the requirement of its prior approval for distribution of Mutual Fund products by NBFCs. It also dispensed with the requirement of minimum eligibility criteria set out in Dec-2006. RBI has also modified the guidelines related to distribution of Mutual Fund products accordingly.…
DetailsRBI/2014-15/577 DCBR.CO.BPD.(SCB).No.1/13.05.000/2014-15 April 30, 2015 The Chief Executive Officers of All Scheduled Primary (Urban) Co-operative Banks Dear Sir/Madam, First Bi-monthly Monetary Policy Statement 2015-16 – Issue of Credit Cards by Scheduled Urban Cooperative Banks Please refer to para 26 of First Bi-monthly Monetary Policy Statement 2015-16 (extract appended) by Reserve Bank of India on April…
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