RuPay credit card holders of several banks can now make Unified Payments Interface (UPI) transactions using Google Pay. The users can make UPI payments by scanning the merchant’s UPI QR code at any desired location and even do offline transactions. According to reports in 2021, India accounted for 40 per cent of the total digital […]
Going Paperless With LIC: Step-By-Step Guide For Digital Life Certificate Submission
Every year, senior citizens are required to provide a Life Certificate, known as Jeevan Praman Patra, to the relevant agency or Pension Disbursing Authority to keep receiving their pension. To do this, they can either visit banks or post offices in person or generate a digital Life Certificate through the government’s Jeevan Pramaan Face app. […]
WhatsApp Payments Now In India: Chat & Pay, Here’s What Will Change For You
WhatsApp, the messaging platform from Meta, on Wednesday announced the expansion of its payments service in India to make it easier for people transacting with businesses to pay for purchases directly in the chat, with a choice of UPI apps, including rival digital payment options, as well as credit and debit cards. Meta founder and […]
GST Network new ledger for ITC reversal and reclamation: How it works? Steps that taxpayers need to take
In a bid to simplify compliance and provide better visibility to the regulator, the Goods and Services Tax Network (GSTN) has introduced an all-new ledger to track the reversal and reclamation of the Input Tax Credit (ITC). Known as Electronic Credit and Re-claimed Statement (ECRS), it will provide taxpayers with the balance of all input […]
IRCTC 2023 Jobs Recruitment of Apprentice Trainees Posts
IRCTC 2023 Jobs Recruitment Notification.Indian Railway Catering and Tourism Corporation inviting applications for the positions of Apprentice Trainees.Interested and Eligible candidates can apply for the positions. IRCTC/West Zone invites application for engagement as ‘Apprentice’ trainees under the Apprenticeship Act in various trades Last Date for Submission of Application is on 30th September, 2023. No.of Posts […]
RBI 2023 Jobs Recruitment of 450 Assistant Posts
RBI 2023 Jobs Recruitment Notification.Reserve Bank of India inviting applications for the positions of Assistant.Interested and Eligible candidates can apply for the positions. Applications are invited from eligible candidates for the 450 posts of ‘Assistant-2023’ in the Reserve Bank of India, hereinafter referred to as ‘Bank’. Selection for the post will be through a country-wide […]
What you can do if your higher EPS pension application is stuck
The Employees’ Provident Fund Organisation (EPFO) now allows those who have applied for higher pension under the Employees’ Pension Scheme (EPS) to track their application. A link on the EPFO’s Member Sewa portal allows individuals to log in and track the application. If an individual has worked with various organisations, the question arises if every […]
Income tax benefits on investment options: Mutual Funds vs Real Estate. Which is better?
The debate over Mutual Funds vs Real estate is not new. Prior to taking the decision to invest in real estate or mutual funds, investors should carefully consider their level of risk tolerance, and financial targets, as well as investment horizon. Apart from long-term benefits, it’s also important to understand the income tax benefits of […]
Hello, UPI: Use voice commands to send money, pay bills; know new UPI features and how they work
Hello! UPI — Soon you will be able to pay through Unified Payments Interface (UPI) using voice-based inputs, instead of text-based commands. Shaktikanta Das, Governor of the Reserve Bank of India (RBI) has recently launched a slew of new offerings, like Conversational Payments on UPI, during the Global Fintech Fest 2023. Hello-UPI — Ask your […]
RBI issues revised norms on bank investment portfolio effective April 2024
In a recent move, the Reserve Bank of India (RBI) has issued updated directions for banks regarding the classification, valuation, and operation of their investment portfolios. The revised directions are based on the feedback received on the discussion paper on the subject, which was issued in January 2022. The guidelines, aimed at ensuring transparency and […]