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MSMEs New definition by Government – The government of India has changed the much awaiting classification of the existing MSMEs with new one. The new definition of MSME is given by the finance minister where, the government has decided to remove the difference between the definition of manufacturing-based MSMEs and service-based MSMEs. Addition to Investment […]
SBI warns customers of Internet Banking about the fake One Time Password (OTP) and SMS – Customers of the India’s largest bank, State Bank of India has warned its customers by sending a message that if you have not updated your net banking password in the last 180 days (six months), then update it as […]
eWallet PayTm Money gets the approval from Pension Fund Regulatory and Development Authority (PFRDA) for Investment in government pension schemes like NPS, APY etc. Interested investors can now invest in the National Pension System (NPS) through the Paytm Money app. Paytm Money has informed that it has received approval from the Pension Fund Regulatory and […]
You will not believe that there are not much takers for RBI’s 3-month loan EMI moratorium offered by various banks due to COVID-19 pandemic. Borrowers of mainly retail and corporate loans of many of the top banks seem to be staying away from availing the three-month EMI (Equated Monthly Instalments) moratorium under the Reserve Bank […]
SBI Rate Cuts by 0.15% – State Bank of India (SBI) has reduced its Fund’s Marginal Cost Based Interest Rate (MCLR) by 0.15 per cent. Apart from this, this country’s largest bank has also started a special deposit scheme with higher rate of interest for senior citizens. SBI said in a statement that keeping in […]
Know the category of Tax Payers who can’t choose between Old & New Tax regime every year – The Budget of FY 2020 proposes to provide option a taxpayer to choose between the existing income tax regime and a new tax regime every year as per their convenience. However, in order to be eligible to […]
eRMB – Digital Yuan, the digital currency yuan, the digital name of Chinese currency. China has launched the trial of their digital yuan as specific services in major urban centers. The major cities of Shenzhen, Suzhou and Chengdu, as well as the Xiong’an New Area, will witness use of digital currency for some services. It is […]
COVID-19 Personal Loan – Almost all the public sector banks are offering the COVID-19 Personal loan to their existing borrowers under salary, pension, home , MSME and Mortgage loans. Some of the big banks offering covid-19 personal loans include SBI, Canara Bank, Bank of Baroda (BoB), Punjab National Bank (PNB), Bank of India (BoI) , […]
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