Bank accounts is an essential requirement for everyone, and Government is also emphasising with various programs and schemes to bring everyone towards financial freedom with the bank account. However, people more often not satisfied with the banks service charges these days and troubled with the service charges. Even if you do not care about small […]
8 Common Service Charges in Bank and Tips to Avoid Them Read More »
The Credit Guarantee Scheme for Stand-Up India (CGSSI) aims to encourage bank lending to Scheduled Caste (SC), Scheduled Tribe (ST), and women entrepreneurs by providing credit guarantee cover. The scheme, operated by the National Credit Guarantee Trustee Company Ltd. (NCGTC), allows banks to offer collateral-free loans under the Stand-Up India Scheme with reduced risk. Objective
Credit Guarantee Scheme for Stand-Up India (CGSSI): Features, Coverage & Eligibility Read More »
Opening a bank account is one of the most basic steps in managing personal finances. But an important feature often overlooked is “Nomination” in bank account. Nomination is a crucial step that ensures your loved ones can easily access your funds in case of unforeseen events. In this article, we explain what nomination in a
What is Nomination in Bank Account? Importance, Application Forms Read More »
Bharat Aadhaar Seeding Enabler (BASE) is a government of initiative to provide digital access to the Aadhaar Seeding of individual. This innovative platform empowers residents to link their Aadhaar numbers with Banki account of customer choice in a secure and efficient manner. Let’s understand what BASE is, why it matters, and how it helps streamline
Bharat Aadhaar Seeding Enabler (BASE): Seeding/ LInking Aadhaar with Bank Account Online Read More »
The Banking Codes and Standards Board of India (BCSBI) was established in February 2006 as an independent and autonomous body registered under the Societies Registration Act, 1860. It was formed based on the recommendations of the Committee on Procedures and Performance Audit of Public Services chaired by Shri S.S. Tarapore (former Deputy Governor of RBI).
Banking Codes and Standards Board of India (BCSBI): Objectives, Functions & Importance Read More »
Opening a bank account is essential for financial management and transparency, especially for non-individual entities like Trust, Societies, Hindu Undivided Families (HUFs), Clubs, and Unincorporated Associations. Indian banks follow KYC (Know Your Customer) norms set by the RBI, which require submission of specific documents. This guide will help you understand the documents required to open
Capital gain is the profit earned from selling the assets like Stocks, Property, jewellery and Bonds. The capital gain tax rate is revised for all the assets in the Budget 2024-25 and came into effect on July 23, 2024. And the Union Budget 2025-26 did not make any changes to the Capital Gain Taxes in
Capital Gain Tax Rates in India: Types, Rates, Exemption Read More »
