E KYC
How to download Form 16A from the TRACES website, SBI, HDFC Bank, ICICI Bank
How to download Form 16A: When non-salary payments like TDS professional fees, rent, and bank interest are made, the deductor provides a "TDS Certificate" to the IT Department. Here is how to download Form 16A TRACES website, SBI, HDFC Bank, ICICI Bank
Aadhaar-based eKYC of LPG customers underway to weed out bogus users
State-owned oil companies in India are using Aadhaar-based eKYC authentication to eliminate fake LPG customers, preventing commercial misuse of cylinders. Oil Minister Hardeep Singh Puri confirmed the process has been in place for over 8 months, responding to concerns of inconvenience raised by the Kerala Assembly's Leader of the Opposition. Delivery personnel are verifying credentials using mobile apps, with no deadline set for the process.
Aadhar authentication for LPG is being done to check bogus customers: Hardeep Singh Puri
Union Minister Hardeep Singh Puri announced that oil marketing companies are implementing eKYC Aadhaar authentication for LPG customers to tackle bogus accounts used by gas distributors for commercial cylinders. This move follows concerns raised by Kerala's Leader of the Opposition, VD Satheesan, about the challenges faced by consumers during the mustering process, which involves verifying Aadhaar details during cylinder delivery. Minister Puri assured that steps are being taken to address any inconvenience and emphasized the importance of preventing the misuse of subsidized cylinders.
PM Modi releases 17th installment of the PM Kisan Samman Nidhi Yojana, disburses Rs 20,000 cr to over 9.2 cr farmers
Prime Minister Narendra Modi, during his visit to Varanasi, released the 17th instalment of the PM Kisan Samman Nidhi Yojana on Tuesday. The scheme aims to benefit more than 9.26 crore farmers with financial assistance totaling over Rs 20,000 crore. This initiative, launched in 2019, provides Rs 6,000 per year in three installments to land-holding farmers through Direct Benefit Transfer (DBT).
PM Kisan 17th installment released to eligible beneficiaries; how to check status online, reasons for rejection
PM Kisan 17th installment: Prime Minister Narendra Modi released the 17th installment of PM Kisan Samman Nidhi benefits to the beneficiary farmers in Varanasi during his one-day visit. Under the PM Kisan scheme, a direct payment of Rs. 6000 per year will be transferred in three equal installments of Rs. 2000 every four months
NRI KYC for mutual funds: How NRIs can continue investing in mutual fund schemes
NRI Mutual fund KYC rules: The new KYC rules from Sebi have come into effect from April 1, 2024. However, the new KYC rules made it difficult for NRI to invest in mutual fund schemes. A relaxation has been given by Sebi for NRI investors so that they can continue to invest in mutual fund schemes.
PM Kisan 17th installment amount to be released to eligible beneficiaries; How to check beneficiary status online
PM Kisan 17th installment: The Prime Minister has released the 17th installment of the PM Kisan benefit of around Rs 20, 000 crore which will reach 9.3 crore farmers.
Re-KYC update of bank account: How to update KYC of bank account online in HDFC Bank, SBI, Canara Bank, ICICI Bank
How to update KYC details: Re-KYC is a procedure that allows banks and other financial organisations to stay up to date on a customer's most recent contact data and personal details. Here is how you can update your KYC details online for these top banks.
Inoperative PAN holders can now invest in mutual funds due to latest KYC rule changes
Inoperative PAN invest in mutual fund schemes: The market regulator, Securities and Exchange Board of India (Sebi), has provided relief to mutual fund investors to get KYC Registered status from KYC on-hold status. The KYC Registration Agency (KRA) is required to comply with the latest relief by May 31, 2024.
Supreme Court notice to Centre, RBI on plea seeking alternate digital KYC process for acid attack survivors
The Supreme Court has requested responses from the Centre on a plea for an alternative digital KYC process for acid attack survivors and persons with permanent eye damage. Acid attack activist Pragya Prasun and others filed the plea citing challenges faced due to current KYC requirements hindering access to essential services for survivors with eye disfigurement.
Mutual fund SIPs cross Rs 20,000 crore milestone, doubling in less than 2 years
The monthly SIP contribution has doubled from Rs 10,000 crore in September 2022 to Rs 20,000 crore in about one-and-a-half years. The number of MF SIP accounts stood at the highest ever at 8.70 crore in April 2024 versus to 8.39 crore in March 2024.
Mutual fund new KYC rules: Aadhaar is a must if you want to invest in multiple mutual fund schemes smoothly
Mutual fund KYC rules from April 1, 2024: To invest in any scheme of any mutual fund house easily, an investor must have KYC Validated status. However, the KYC validated can be achieved only if the KYC documents submitted by an individual can be verified with the source issuing such documents.
Mutual fund KYC status: Meaning of validated, verified, registered KYC and how it impacts for MF investments
Check mutual fund KYC status online: Securities and Exchange Board of India (Sebi) new KYC rules for mutual funds have come into effect from April 1, 2024. A mutual fund investor who has undergone KYC process previously may be required to do KYC process again due to different KYC status. Know the meaning of different KYC status and how it impacts you.
From paperwork to e-KYC: How digital platforms are streamlining NRI mutual fund investments
NRIs are increasingly drawn to India's mutual funds via digital platforms, driven by diverse options and high returns. The investment landscape sees growth with enhanced transparency and financial inclusion, expanding India's investment ecosystem.
New insurance rule from April 1: How to open an e-Insurance account, documents required, how to convert
This shift to digitisation is supported by four insurance repositories: CAMS, Karvy, NSDL Database Management (NDML), and the Central Insurance Repository of India.
Not received PM Kisan 16th installment? 10 reasons why this could happen
PM Kisan 16th installment: Prime Minister Narendra Modi visited Yavatmal, Maharashtra on February 28, 2024, and released the 16th installment of the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme. Here are several reasons why you may not have received the payment.
PM Kisan 16th installment date announced; What is the latest date, how to check instalment status
PM Kisan 16th installment: With this scheme, farmers receive an annual aid of Rs 6000, farmers receive three installments of Rs 2000 each during the year. The amount will be directly credited to the farmer’s bank account.
Last date to update FASTag KYC is extended to this date
The National Highways Authority of India (NHAI) launched the "One Vehicle, One FASTag" programme to improve the effectiveness of the Electronic Toll Collection system and facilitate smooth flow at the Toll Plazas.
PM Kisan beneficiaries should complete e-KYC requirement before this date to receive next installment
The funds will be deposited instantly to the beneficiaries' bank accounts. PM Kisan 15th installment was released on 15th November 2023.
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