BANK LOCKER 2023 RULES
New RuPay UPI credit card rules: NeuCoins you will earn from UPI transactions on Tata Neu Infinity HDFC Bank Credit Card from August 1, 2024
Here is a look at changes that will come into effect for the Tata Neu Infinity HDFC Bank Credit Card from August 1, 2024, as per FAQs posted on the bank’s website.
Mandatory linking of CGHS beneficiary ID with ABHA for central govt employees suspended; should you still do it?
Mandatory linking of CGHS beneficiary ID with ABHA ID: The Ministry of Health and Family Welfare has announced a temporary suspension of the mandatory linking of Central Government Health Services (CGHS) beneficiary ID with Ayushman Bharat Health Account (ABHA) ID. Citing a review of their earlier directive, the Ministry issued an office memorandum on June 25, 2024, stating the decision to put the implementation on hold until further notice. This move aims to reconsider the compulsory integration of the two IDs, allowing for future deliberation on the matter.
6 big deadlines, rule changes in July 2024: Credit card rule changes, Paytm wallet, ITR deadline
Money changes in July: With July fast approaching, it's essential to keep track of upcoming money deadlines and rule changes. Here is a look at five money-related changes and deadlines in July.
New Post Office Act 2023 comes into effect from June 18: Check details
Post Office Act 2023: The Act's provisions allow the government to intercept articles sent via India Post for several reasons, including public order and state security. In the event of a public emergency or to maintain peace and safety, an interception may be carried out.
China Coast Guard rules the waves and waives the rules
China intimidated Taiwan yet again with its large-scale Joint Sword-2024A exercise on 23-24 May. This saw People's Liberation Army (PLA) and CCG assets surround Taiwan and its outlying islands, underscoring the threat of a future Chinese quarantine or blockade of Taiwan.
ITR filing forms for FY 2023-24 (AY 2024-25): Which income tax return form applies to you?
ITR forms: The important part of ITR filing process is to identify the correct the income tax return form applicable to their incomes. Filing income tax return using wrong ITR form will make the filed ITR as defective ITR. Read on to know the correct tax return form applicable to your incomes.
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Banks ask RBI to ease liquidity rule to keep credit taps open
Indian banks are urging the industry regulator to relax the current liquidity coverage requirements. They believe easing these mandates will free up more funds for lending.
Stock brokers push lending; InsuranceDekho’s latest acquisition
Happy Tuesday! Tech-first broking companies are looking to diversify into the credit business to build a larger financial services play. This and more in today’s ETtech Morning Dispatch.
Banks seek one more month to comply with international card spend rule
Indian lenders are seeking a one-month extension from the government to comply with the Liberalised Remittance Scheme (LRS) for international credit card spends. The scheme allows Indian residents to remit up to $250,000 abroad in a financial year for permissible purposes such as education, travel, and investment. Last year, the government announced that forex transactions through credit cards would be covered under the scheme and charged 20% tax collected at source (TCS) beyond the threshold of ₹7 lakh per fiscal.
States & online gaming regulations; banks tap startups to foil frauds
Happy Monday! In the absence of central government’s self-regulatory mechanisms, states are framing laws for online real money gaming. This and more in today's ETtech Morning Dispatch.
RBI proposes tighter project finance rules
Reserve Bank proposes stricter lending rules to prevent stress on bank books during project implementation. Provisioning increases to 5% during construction phase, with reductions based on project phase and conditions met. Public feedback accepted until June 15.
NRIs struggle with new mutual fund KYC rules: 3 reasons making MF investments difficult for them now
Mutual fund KYC rules for NRI: The Securities and Exchange Board of India (Sebi) has implemented new Know-Your-Customer (KYC) rules from April 1, 2024. The new KYC rules are not only created problems for domestic mutual fund investors but also for Non-resident individuals as well. Here are three issues creating problems from NRI and OCI mutual fund investors.
Buying a home in Dubai? Do a FEMA reality check
Navigating property purchases in Dubai can be a regulatory maze for Indians due to foreign exchange laws. Deals offering easy payment plans with instalments over years may violate FEMA. Regulations permit remittance of $250,000 per individual annually for property purchases abroad. However, transactions involving 'instalments' create obligations in foreign exchange, potentially breaching FEMA rules.
How to claim LTA: Eligibility, LTA rules, documents you need to submit, how much amount you can claim and more
Leave Travel Allowance or LTA, a component in your salary, helps offset travel expenses incurred during your vacation. The benefit extends to family – covering travel costs for your spouse and dependent children, and family members. To claim LTA, you need to submit documented proof of travel costs to your employer within the stipulated deadlines. Who can claim LTA? What are the documents that you need to submit? What are the conditions you need to keep in mind while claiming LTA? All questions answered.
Coming soon: A shield for your pledged gold
Banks plan to establish standardised rules for heirs to repay gold loans and reclaim family jewellery after the borrower's death. Variability in current practices leads to legal challenges and auctioning of pledged gold.
CBI, banks differ over fair hearing to ‘old’ cases of ‘fraud’
CBI is reportedly insisting on what could be a retrospective application of last year’s SC ruling that a borrower must be given a hearing before the account is classified as ‘fraud’ and a “reasoned order” must follow if such an action is taken. But bankers are unwilling to go back to these past matters.
New ICICI Bank Credit Card rules: ICICI Bank to change airport lounge access benefits, reward points rules for these 21 credit cards
ICICI Bank credit card rules: ICICI Bank is set to implement changes to the airport lounge access benefits across several of its credit cards starting from April 1, 2024.
CreditAccess Grameen, Jana Small Finance Bank receive income tax notices
The income tax demand was against a deduction claimed by the company. "The company is of the opinion that the said demand notice is based on incorrect facts and assumptions, and hence the management is confident of taking up this with the IT department explaining the full facts of the case," the company said in a regulatory filing to stock exchanges.
Flatheads’ founder sets up bank locker security venture Aurm with former MyGate core team
The startup aims to enhance security and optimise customer experience when storing valuables such as gold in bank lockers.
DPDP Rules: Concerns over leeway to some companies on use of kids’ data
Digital privacy and cybersecurity experts as well as lawyers ET spoke to also said that there needs to be additional deliberation on the finer workings of the consent artefact architecture, including how giving and revoking consent will work.
10 money deadlines ending on December 31, 2023; Know which ones have been extended
There were many deadlines which are scheduled on December 31, 2023 of which some have been extended. Here is a list of deadlines which are extended and which are scheduled on December 31, 2023.
Will your bank locker get frozen if you don’t sign revised agreement by December 31?
The RBI had asked banks to assist their clients in the execution of fresh/supplementary stamped agreements with their customers by taking measures
Bank ordered to pay Rs 10 lakh to customer for loss of jewellery from bank locker
State run UCO Bank was ordered to pay Rs 10 lakh compensation to a customer who maintained a bank locker in the bank's Civil Lines, Allahabad branch. What happened was thieves broke into the bank's branch and looted the contents of several lockers. Finding deficiency in service, NCDRC has ordered UCO Bank to pay Rs 10 lakh as compensation to the victim whose locker was looted.
Bank locker agreement: Locker holders should sign revised locker agreement before this date
The revised guidelines are applicable to both new and existing safe deposit lockers and the safe custody of articles facility, as per revised RBI guidelines.
SBI special FD, mutual fund, bank locker: 5 money deadlines in December 2023
December 31, 2023, is the last day to invest in the special deposit of SBI — Amrit Kalash. The special FD offers an interest rate of 7.1% to regular customers and 7.6% to senior citizens. It has a tenure of 400 days.
December 2023 money deadlines: Last dates for free Aadhaar updation, investing in special FDs, update bank locker agreement
Here is a look at 10 important money deadlines in the month of December.
Rs 18 lakh cash in bank locker destroyed by termites; Know the rules regarding keeping cash in your bank locker
The RBI announced the new locker guidelines via a notification on August 18, 2021. The RBI has set a deadline of December 31, 2023 for the execution of updated locker agreements. Let us take a look at what one can keep in their bank locker.
Bank locker: What is the difference between supplementary locker agreement and revised locker agreement?
The revised guidelines are applicable to both new and existing safe deposit lockers and the safe custody of articles facility, as per revised RBI guidelines. The RBI has set December 31, 2023 deadline to execute revised locker agreements, in a staggered manner.
Bank locker rules: Lost locker keys? Here's what you need to do
Banks typically provide each rental locker with one key while keeping one key with the bank on record. When you have to operate the account, a bank employee comes to the locker with his or her key, and you have to open with your key.
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