Mon, Jul 01, 2024
Pan Card expiry: Even after creation of Aadhaar, it is made mandatory to link PAN card with it, so that your financial history can be tracked. But, does PAN card have any expiry? For how many days does PAN card work as a valid document?
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Wed, Sep 21, 2022
The issue of a common know your customer (KYC) process for banking, insurance and capital markets was discussed at a meeting of financial sector regulators and the finance minister last week.
Mon, Jul 04, 2022
Money Guru: Credit score plays a big role in taking a loan. If you have a good credit score then it is easy to get a loan. But the question is why? Why credit score is important? What is CIBIL score? Expert Vikas Puri, Head of West Zone, Complete Circle Capital Pvt. Ltd. has answers to all these questions in Money Guru.
Fri, Mar 29, 2019
The RBI, which had simplified KYC measures for public awareness, had released a note along with a poster to bring awareness among general public about the KYC simplification measures to help the common man in opening bank accounts.
Tue, Mar 13, 2018
The cases of reported suspicious financial transactions, as per India's Finance Ministry, have grown by an alarming rate in the last three years. The cases in fact went up from as less as 45,858 in the year 2014-15 to 61,361 in 2015-16 and 361,000 in 2016-17.
Wed, Dec 13, 2017
The PMLA and its rules impose an obligation on reporting entities like banks, financial institutions and intermediaries to verify the identity of clients, maintain records and furnish information to the Financial Intelligence Unit of India (FIU-IND).
Thu, Jan 26, 2017
Post demonetisation, the Income Tax department has started the process of engaging private entities to match the data with I-T return or other information of assessees.
Fri, Dec 23, 2016
The Central Board of Direct Taxes (CBDT) has clarified that reporting requirements as per the rules are applicable when a single transaction involves receipt of cash payment exceeding Rs 2 lakh for sale of goods or services, signifying that no aggregation is required, a Union Finance Ministry release here said.
Fri, Dec 02, 2016
While mobile wallets, banks are looking to grow their digital payment systems, there are still many risks which they have not yet taken care of.
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