Thu, May 12, 2022
pan and aadhaar number are must for cash deposits and withdrawals above 20 lakh in any financial year. Government has issued new cash deposit rule, which implement from May 26. income tax CBDT notification issued regarding this.
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Tue, Apr 23, 2019
Banks have also launched their own machine in various branches where a customer does not even need to fill a piece of paper. However, for those who are not familiar with cash deposit machine, can always opt for traditional method at banks.
Mon, Nov 27, 2017
At any ATM, you will find a cash withdrawal machine, a cheque deposit kiosk and a cash deposit machine.
Tue, Nov 29, 2016
On the evening of November 8, Prime Minister Narendra Modi in a televised address said that nearly 86% of Rs 16 lakh crore that oiled the Indian economy by way of Rs 500 and Rs 1000 notes were illegal tender from midnight.
Mon, Nov 28, 2016
As the liquidity under banks keeps increasing, they will have to mandatorily park their increments as CRR with RBI, for which Care feels will affect banks profit & loss account.
Fri, Nov 25, 2016
The Cabinet on Thursday discussed amending laws to levy close to 60% income tax on unaccounted deposits in banks above a threshold post demonetisation of high-denomination currency notes.
Mon, Nov 21, 2016
The Income Tax department has come under tremendous pressure on account of shortage of staff and they may only focus on catching the big time tax evaders in the country.
Sun, Nov 20, 2016
Some affluent buyers have reportedly been paying almost twice the market value for gold in old notes.
Sat, Nov 12, 2016
Finance Minister Arun Jaitley said law enforcement agencies are keeping a hawk eye on illegal currency changers.
Fri, Nov 11, 2016
If you are heading to ATMs or bank branches for exchange or deposit of your old Rs 500 and Rs 1,000 notes, here are important things that you should know.
Till Thursday, SBI saw cash deposits of Rs 31000 crore out of which Rs 700 crore were exchanged. In its Q2 review meeting held today, the bank said on Friday till now it has received Rs 22,000 crore of cash deposits and out of which Rs 723 crore were exchanged.
Wed, Nov 09, 2016
The decision of PM Modi to demonetise Rs 500 and Rs 1,000 notes surely caused a lot of useless worry among the people and a ton of jokes on social media platforms.
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