Category Archives: Finance

National Housing Bank increased Refinance Limit to Rs 30000 crore

By | October 8, 2018

Ministry of Finance National Housing Bank (NHB decides to increase the Refinance Limit from Rs. 24,000 crore to Rs.30,000 crore for the Current Year(July 2018-June 2019) towards refinancing eligible institutions Posted On: 08 OCT 2018 6:16PM by PIB Delhi Keeping in view the current scenario, National Housing Bank (NHB has decided to increase the Refinance… Read More »

MSME loans up to Rs. 1 crore within 59 minutes on psbloansin59minutes.com

By | September 26, 2018

Business loans up to Rs. 1 crore within 59 minutes The Union Minister of Finance and Corporate Affairs, Shri Arun Jaitley launched here on 25.09.2018 a web portal www.psbloansin59minutes.com , a transformative initiative in MSME credit space, which will enable in principle approval for MSME loans up to Rs. 1 crore within 59 minutes from… Read More »

Q3 of FY 2017-18 Interest rate for Small Savings Schemes increased

By | September 20, 2018

Govt. notifies interest rate for Small Savings Schemes on quarterly basis with the approval of the Union Finance Minister. The rate of interest for third quarter of Financial Year 2018-19 have been announced wherein Govt. has increased interest rate on various small savings schemes by upto 0.4%. Ministry of Finance Government announces the Revision of… Read More »

Doorstep Banking by India Post Payment Bank (IPPB)

By | September 1, 2018

Doorstep Banking by India Post Payment Bank (IPPB) Doorstep Banking IPPB gives you the opportunity to enjoy banking facilities at your home with Doorstep banking services. Now you won’t have to leave the comfort of your home for your routine banking transactions. Our wide network of post offices and postal employees will make banking accessible… Read More »

India Post Payments Bank w.e.f 01.09.2018

By | September 1, 2018

Prime Minister’s Office PM to launch India Post Payments Bank on Saturday, 1st September Posted On: 31 AUG 2018 11:40AM by PIB Delhi The Prime Minister, Shri Narendra Modi, will launch the India Post Payments Bank (IPPB) at Talkatora Stadium in New Delhi on September 1st, 2018. IPPB has been envisioned as an accessible, affordable… Read More »

QR card of India Post Payment Bank (IPPB)

By | August 31, 2018

QR card of India Post Payment Bank IPPB QR card redefines the way banking is done. It provides a unique, secure and convenient way to access your account without the hassle of remembering your account number. You do not need to remember your PIN/Password, as transactions can be initiated by using biometric authentication. You can… Read More »

How to open Current Account with India Post Payment Bank (IPPB)

By | August 31, 2018

Current Account with India Post Payment Bank (IPPB) Current Account IPPB offers the facility of a Current Account to the small merchants/ kirana stores and individual businessmen. This account is a prerequisite for carrying out and expanding business. IPPB’s Current Account gets you started on the road to digital transactions for your business needs. Along… Read More »

How to open Basic Savings Account with India Post Payment Bank (IPPB)

By | August 31, 2018

Basic Savings Account with India Post Payment Bank (IPPB) Basic Savings Account This savings account has all the features and benefits offered by the Regular Savings Account (except that it allows only four cash withdrawals in a month). The aim of the basic savings account is to provide primary banking services at a very nominal charge.… Read More »

IPP Bank Letter Of Indemnity : Download : India Post Payments Bank

By | August 31, 2018

IPP Bank Letter Of Indemnity ( Letter of indemnity with respect to payment of balance in the deceased constituents  without production of legal representations ) Download IPP Bank Letter Of Indemnity Related Post IPP Bank Death Claim Form with Nomination  IPP Bank Death Claim Form Without Nomination India Post Payments Bank Helpline Number India Post Payments… Read More »

Do’s and Don’ts of ATM transactions

By | August 28, 2018

Do’s and Don’ts of ATM transactions Do’s Conduct your ATM transactions in complete privacy, never let anyone see you entering your Personal Identification Number (ATM Password) After completion of transaction ensure that welcome screen is displayed on ATM screen Ensure your current mobile number is registered with the bank so that you can get alerts… Read More »

Common Application Form for registration of FPI with SEBI, Bank KYC and PAN : Download

By | August 25, 2018

Common Application Form for registration of Foreign Portfolio Investor (FPI) with SEBI, Know Your Customer (KYC) for opening Bank and Demat Account and application for Permanent Account Number (PAN) by Foreign Portfolio Investors (FPIs) in India. MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 21st August, 2018 F.No. 4/15/2016-ECB.—The Central Government hereby… Read More »

Insolvency and Bankruptcy Code (Second Amendment) Act 2018 : Download /Print

By | August 17, 2018

MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 17th August, 2018/Shravana 26, 1940 (Saka) The following Act of Parliament received the assent of the President on the 17th August, 2018, and is hereby published for general information:— THE INSOLVENCY AND BANKRUPTCY CODE (SECOND AMENDMENT) ACT, 2018 NO. 26 OF 2018 [17th August, 2018.]… Read More »

National Pension System : Complete Guide

By | August 15, 2018

National Pension System What is National Pension System? National Pension System (NPS) is a pension cum investment scheme launched by Government of India to provide old age security to Citizens of India. It brings an attractive long term saving avenue to effectively plan your retirement through safe and regulated market-based return. The Scheme is regulated… Read More »

[Video] Sukanya Samriddhi Account Scheme : सुकन्या समृद्धि खाता योजना

By | August 14, 2018

Sukanya Samriddhi Account Scheme Sukanya Samriddhi Account Scheme is been notified by Ministry of Finance vide Notification No. G.S.R.863(E) Dated 02.12.2014. Scheme become operational by notification of rules namely ‘Sukanya Samriddhi Account Rules, 2014’. These Rules were subsequently amended vide Notification No.G.S.R.323(E) dated-18.03.2016 by which government has notified ‘Sukanya Samriddhi Account Rules, 2016’.  These Rules were  further  amended vide Notification No.G.S.R.617(E)… Read More »

How to link Aadhaar to Book Train Ticket Online :ट्रेन टिकट बुकिंग के लिए आधार कैसे लिंक करें

By | August 13, 2018

How to Link Aadhaar for Train Ticket Booking online Now users are allowed to book upto 12 tickets in a month, if users get themselves verified through their Aadhaar number along with at least one passenger also being verified through Aadhaar.  No Aadhaar Verification required for booking up to 6 tickets in a month, as… Read More »

Benefits of National Pension Scheme

By | August 10, 2018

Ministry of Finance New Pension Scheme (NPS) Posted On: 10 AUG 2018 7:03PM by PIB Delhi National Pension System (NPS) has been designed giving utmost importance to the welfare of the subscribers. Government has made a conscious move to shift from the defined benefit Pension Scheme to defined contribution pension scheme i.e. NPS, due to… Read More »

Instruction for Safety of Lockers in Banks

By | August 10, 2018

Ministry of Finance Instruction for Safety of Lockers in Banks Posted On: 10 AUG 2018 6:49PM by PIB Delhi Reserve Bank of India (RBI) has issued instructions to banks regarding the safety of bank lockers for exercising due care and necessary precaution for the protection of the lockers provided to the customer, reviewing the systems… Read More »

Revised Para 2.05 of Freign Trade policy (2015-20) on Importer-Exporter Code (IEC)

By | August 9, 2018

Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Notification No. 24/2015-2020  New Delhi, Dated:08 August, 2018 Subject: Amendment in Para 2.05 of Foreign Trade Policy 2015-2020. S.O. (E): In exercise of powers conferred by Section 3 of FT (D&R) Act, 1992, read with paragraph 1.02 and 2.01 of the… Read More »

Bharat QR Code : FAQs

By | August 6, 2018

Bharat QR Code What is QR Code? A QR code consists of black squares arranged in a square grid on a white background, which can be read by an imaging device such as a camera. QR contains information about the item to which it is attached. What is Bharat QR? Bharat QR is P2M (Person… Read More »

Vidyalakshmi Portal for Education Loan

By | August 3, 2018

Ministry of Finance Vidyalakshmi Portal for Education Loan Posted On: 03 AUG 2018 6:10PM by PIB Delhi Vidya Lakshmi Portal was launched by the Government on August 15, 2015 to ensure that students can avail loans easily through single window system of banks for education loans. Banks follow Indian Banks’ Association (IBA) guidelines in this… Read More »

Fugitive Economic Offenders Act 2018 : Notification : Download/Print

By | August 2, 2018

Fugitive Economic Offenders Act 2018 MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 1st August, 2018/Shravana 10, 1940 (Saka) The following Act of Parliament received the assent of the President on the 31st July, 2018, and is hereby published for general information:— THE FUGITIVE ECONOMIC OFFENDERS ACT, 2018 NO. 17 OF 2018 [31st… Read More »

Download Bill : Commercial Courts, Commercial Division & Commercial Appellate Division of High Courts (Amendment) Bill, 2018

By | July 23, 2018

The Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts (Amendment) Bill, 2018 The Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts (Amendment) Bill, 2018  introduced in Lok Sabha on 23.07.2018 ( Bill No 123 of 2018] The Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts (Amendment)… Read More »

7.6% interest rate of deposit made under special deposit scheme w.e.f 01.07.2018 to 30.09.2018 : Notification

By | July 20, 2018

Govt. has announced 7.6% interest rate of deposit made under special deposit scheme for non-government provident, superannuation and gratuity fund. MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 17th July, 2018 F.No.5(4)-B(PD)/2018.—It is hereby notified that the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, announced… Read More »

Interest rates for Small Savings Schemes for Q2 of financial year 2018-19

By | July 20, 2018

Interest rates for Small Savings Schemes RBI/2018-19/22 DGBA.GBD.123/15.02.005/2018-19 July 19, 2018 The Chairman/Chief Executive Officer Agency Banks handling Small Saving Schemes Dear Sir Interest rates for Small Savings Schemes Please refer to our circular DGBA.GBD.2573/15.02.005/2017-18 dated April 12, 2018 on the above subject. The Government of India, has vide their Office Memorandum (OM) No.F.No.01/04/2016–NS dated July 2,… Read More »

Revised Pension to Sportspersons w.e.f 01.04.2018

By | July 20, 2018

Ministry of Youth Affairs and Sports Pension to Sportspersons Posted On: 19 JUL 2018 5:18PM by PIB Delhi Minister of State (Independent Charge) for Youth Affairs and Sports Col. Rajyavardhan Rathore has said that government gives lifelong pension under the Scheme of ‘Pension to Meritorious Sportspersons’, sportspersons who have won medals for the country in… Read More »

Customs Declaration CN 23 form : Download/Print

By | July 19, 2018

Customs Declaration CN 23 form Customs Declaration CN 23 form Customs Declaration CN 23 form : Download Instructions for Customs Declaration CN 23 form You should attach this customs declaration and accompanying documents securely to the outside of the item, preferably in an adhesive transparent envelope. If the declaration is not clearly visible on the… Read More »

Bank of Baroda FDR Opening Form : Download /Print

By | July 9, 2018

Bank of Baroda FDR Opening Form Bank of Baroda FDR Opening Form : Account Opening Form for Term Deposit Account for existing Account holders (In case of new term deposit) Bank of Baroda FDR Opening Form : Download /Print This form is also called Form No 410 Bank of Baroda ,Bank of Baroda FDR Opening Form , Bank… Read More »

Post Office Savings Account Benefits and Features

By | July 9, 2018

Post Office Savings Account ​​Interest payable, Rates, Periodicity etc. Minimum Amount for opening of account and maximum balance that can be retained ​​​4.0% per annum on individual / joint accounts Minimum INR 20/- for opening ​Salient features including Tax Rebate​ Account can be opened by cash only Minimum balance to be maintained in a non-Cheque… Read More »

Kisan Vikas Patra (KVP​) Benefits and features

By | July 9, 2018

Kisan Vikas Patra (KVP​) Kisan Vikas Patra (KVP​) Interest payable, Rates, Periodicity etc. Minimum Amount for opening of account and maximum balance that can be retained From 1.01​.2018, interest rates are as follows:- ​ 7.3​​​% compounded annually ​ Amount Invested doubles in 118​ months (9 years & 10​ months) ​ ​Minimum of Rs. 1000/- ​​and… Read More »

National Savings Certificates (NSC) Benefits and Features

By | July 9, 2018

National Savings Certificates (NSC) Benefits and Features National Savings Certificates (NSC) Scheme Interest payable, Rates, Periodicity etc. Minimum Amount for opening of account and maximum balance that can be retained Salient features including Tax Rebate ​​​​​​National Savings Certificates (NSC) 5 Years National Savings Certificate (VIII Issue) ​ From 1.01​.2018, interest rates are as follows:- ​… Read More »

Application form for family pension on death of Government servant : Download/Print

By | July 8, 2018

Application form for family pension on death of Government servant FORM 14 [See rules 77 (3) and 81 (2)] Form of application for family pension on death of a Government servant or pensioner or on death or ineligibility of a family pensioner Download This form is also called FORM 14 for pension , Download FORM 14 for family… Read More »

Post Office Money Order Form : Download /Print

By | July 8, 2018

Post Office Money Order Form Post Office Money Order Form : /Combined Money Order Form with Message code for emoney order Post Office Money Order Form : Download  This is also called Post Office Money Order Form , Post Office MO Form , Combined Money Order Form , Post office Combined Money Order Form, Message code for… Read More »

Post Office KYC form : Download /Print

By | July 8, 2018

Post Office KYC form Post Office KYC form Post Office KYC form : Download  This is also called Post Office KYC form, Post office know your customer,POST OFFICE SAVINGS BANK NEW/CHANGE KYC ( Know Your Customer) Form (to be sent to CPC), Download  Post Office KYC form ,Print Post Office KYC form Also visit Post office website :… Read More »

NSC Purchase Form Post Office : Download/Print NC 71

By | July 8, 2018

NSC Purchase Form Post Office NSC Purchase Form Post Office NSC VIII issue – NC 71 /APPLICATION FOR PURCHASE OF NATIONAL SAVINGS CERTIFICATES (VIII ISSUE) NSC Purchase Form Post Office : Download  This is also called Post Office National Saving Certificate form, Application to post office for National Saving Certificate NSC VIII issue form , NSC Purchase… Read More »