Category Archives: Finance

Interest Subvention Scheme for MSMEs 2018 having GSTN Number & Udyog Aadhar Number (UAN)

By | February 22, 2019

Interest Subvention Scheme for MSMEs 2018 RBI/2018-19/125FIDD.CO.MSME.BC.No.14/06.02.031/2018-19 February 21, 2019 The Chairman / Managing Director & CEOsAll Scheduled Commercial Banks(including Regional Rural Banks) Madam / Dear Sir, Interest Subvention Scheme for MSMEs As you are aware, Government of India, on November 2, 2018, has announced ‘Interest Subvention Scheme for MSMEs 2018’. 2. A copy of… Read More »

Amendments to Indian Stamp Act 1899 for Rationalization of Stamp Duty on Securities market instruments

By | February 21, 2019

Ministry of Finance Amendments to the Indian Stamp Act, 1899 for Rationalization of Stamp Duty & Design of Zero Evasion Collection Mechanism in Respect of Securities market instruments Posted On: 21 FEB 2019 The President of India, today, gave his assent to the Amendments to the Indian Stamp Act, 1899 which were introduced as part… Read More »

Govt approved inclusion of merchant exporters under Interest Equalisation Scheme (1ES) for Pre and Post Shipment Rupee Export Credit

By | January 2, 2019

Cabinet Committee on Economic Affairs (CCEA) Cabinet allows inclusion of merchant exporters under Interest Equalisation Scheme (1ES) for Pre and Post Shipment Rupee Export Credit Posted On: 02 JAN 2019 The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval to the proposal of the Department of… Read More »

Sale of Electoral Bonds at Authorized Branches of State Bank of India from 01.01.2019 to 10.01.2019

By | December 27, 2018

Ministry of Finance Sale of Electoral Bonds at Authorized Branches of State Bank of India (SBI)with effect from 01.01.2019 to 10.01.2019. Posted On: 27 DEC 2018 5:45PM by PIB Delhi The State Bank of India (SBI), in the VII Phase of sale of Electoral Bonds, has been authorized to issue and encash Electoral Bonds through… Read More »

Legends used in bank account statement

By | December 26, 2018

Legends used in bank account statement When we receive our bank account statement, we just briefly go through it and keep it aside or store it in one of our folders. A few of us check whether our names and the transactions made (debit or credit) are correctly or not. The bank statement includes a… Read More »

NPS (National Pension System) Withdrawal Norms

By | December 22, 2018

Ministry of Finance NPS Withdrawal Norms Posted On: 21 DEC 2018 8:09PM by PIB Delhi The Pension Fund Regulatory and Development Authority (PFRDA) has changed the norms for withdrawal of National Pension System (NPS) subscribers. Keeping in view the possibility of sudden financial needs of the subscribers, the requirement of minimum period under National Pension… Read More »

National Financial Reporting Authority Rules 2018 : Download /Print

By | November 15, 2018

National Financial Reporting Authority Rules 2018 GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, 13th November’ 2018 G.S.R. -(E). ln exercise of the powers conferred under sub-sections (2) and (4)of section 32, sub-section(1) of section 139 and sub-section(1)of section 469 of the Companies Act,2013 (18of2013),the Central Government here by makes the following rules,… Read More »

Procedure and mechanism for sale of enemy shares

By | November 9, 2018

Cabinet approves Laying down procedure and mechanism for sale of enemy shares The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the mechanism and procedure for sale of the enemy shares. Details are as follows:  ‘In principle’ approval has been accorded for sale of enemy shares under the Custody of Ministry of… Read More »

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 »