According to Reserve Bank’s order, minor children above the age of 10 can have their own bank savings account, stated by Arundhati Bhattacharya, chief of State Bank of India (SBI).
Banknotes of Rs.1,000 and Rs.20 denomination incorporating rupee symbol and bearing the signature of governor Raghuram Rajan will very soon be released by The Reserve Bank of India.
Due to the varying interest rates implemented on the loans, the penalty should not be imposed on the case of advance payments, ordered Reserve Bank of India.
Standing order from RBI to banks!
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Some banks follow the practices of penalising the savings accounts holders when they do not keep the minimum balance.
An ‘On-Time Guarantee’ programme wherein the airline guarantees to compensate passengers in case of a flight delay and cancellation due to reasons under its control has been announced by SpiceJet.
EMI schemes is back on credit cards
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It is cheerful news for those who have credit cards since the EMI scheme is now back.
Permanent or universal account numbers (UAN) on the pattern of core banking services to five crore active subscribers will be provided by Retirement fund body EPFO by October 15 this year.
New corporate governance norms from sebi
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Aiming to impart equitable treatment with minority and foreign shareholders in a listed set of companies, Sebi has now come up with detailed corporate governance norms.
PF services on e-payment mode
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The Provident Fund establishment has announced that Provident Fund Subscribers will be provided with the electronic services on e-payment mode including withdrawal of money.
The Employees’ Provident Fund Organisation (EPFO) will inform its subscribers on their attaining the age of 58 years that they are eligible for pension under the Employees’ Pension Scheme, 1995 (EPS—95).
Bombay Stock Exchange, National Stock Exchange, forex,money markets,wholesale commodity, including bullion and metal markets will remain closed on Tuesday on account of "Ram Navmi".
Vijaya Bank revised base rate to 10.25%
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Vijaya Bank has revised its base rate to 10.25 per cent per annum.
Access your SBI account via Twitter
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State Bank of India has launched Twitter handle on Friday.
