The banks have recently announced additional charges when the number of transactions exceeds a preset limit. In addition, the banks have also set a revised minimum balance amount.
For payments to be made through National Electronic Fund Transfer, NEFT, the EPF claim form should not contain revenue stamp, states sources from the Retirement fund body EPFO.
Reports from the SBI state that the decision to charge penalty for non-maintenance of minimum balance for savings account is exceptional for Basic Savings Bank, and Prime Minister’s Jan Dhan Yojana accounts.
SBI employees can now work from home
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State bank of India, the largest in its sector has newly activated work from home option for its employees.
Banking charges set to go up further
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On one front, the central government is making all-out efforts for the banking services to reach all sections of the public. On another front, the charges for banking services are continuously increasing.
The US Citizenship and Immigration Services (USCIS), the agency that oversees lawful immigration of the US announced on 3rd April that premium processing of all H-1B visa petitions will be temporarily suspended.
Egg rate gets slashed down
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The National Egg Coordination Committee at Namakkal has revised egg rates and reduced by 0.15 paise. Accordingly, the farm purchase price of an egg is fixed as 350 paise. Price reduction in other zones.
The state owned State Bank of India has recently announced that penalty will be levied for non-maintenance of minimum balance in customers’ savings account with effect from 1st April.
The State Bank of India has informed that for persons having a balance of more than Rs. 1 Lakh in their SBI Savings Account, there will be no additional charges for using other bank ATMs any number of times.
Over 84 welfare schemes by the central government are now directly linked to Aadhar numbers. In his note about this, one of the senior central government officials said that 48 welfare schemes have thus far been linked.
Nasscom, on Sunday, stated that the temporary suspension to expediting premium processing of H1B visa will have its effect with process delays for the IT firms in India.
Reeling under the impact of the prevailing in the international trading market, the price of the non-subsidised LPG cooking gas cylinder has gone up by Rs. 86/- per cylinder.
Incidentally, this is the highest price increase in Indian History.
Prices of petrol and diesel in Tamil Nadu went up by Rs 3.78 and Rs 1.70 respectively, following the state government revising the Value Added Tax (VAT) on these products.
The American government has temporarily stopped issuing H1B Premium visa. Starting from 3rd April, for 6 months from then, issue of H1B visa will remain stopped. This has put all Indian IT employees panicked.
If your SBI account does not have the minimum balance maintained, according to a new announcement from the bank, you may have to bear with a penalty from 1st April.
It has become quite crucial for all entrepreneurs to make use of the latest technology, so as to get the most out of their business and earn profits. Besides assisting the sales representatives.
The Reserve Bank of India has requested all the banks to conduct special camps and create awareness about digital payments to all the people. The camps are set to start from 1st April and will teach about UPI and USSD 99# payments.
The EPFO has clarified that obtaining of Aadhaar should be mandatory for the time being only for final settlement of Pension and not in withdrawl cases. The EPFO had extended the date of submission of Aadhaar Number.
