Day: November 24, 2018

Half of India’s ATMs may shut down by March 2019

Changes in regulatory landscape are making it unviable to operate ATMs, and may lead to the closure of half of the 2.38 lakh machines in the country by March 2019, the Confederation of ATM Industry (CATMi) warned on…

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India’s income tax officials may penalise restaurants who fail to disclose service charge to staff

Many restaurants and hotels in India have been earning an additional income on behalf of their serving staff through the optional ‘service charge’ category billed to customers. Now, India’s income tax authorities want to make sure that establishments…

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New PAN card rules come into effect from next month – Things to know

Income Tax department has changed PAN card rules to prevent tax evasion and these will be into effect from December 5th this year. Making it mandatory for all entities doing business worth over Rs 2.5 lakh in a…

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SBI Fixed Deposit (FD) Account: Types, Interest Rates, Tenure, Other Details

State Bank of India (SBI) offers a wide range of deposit schemes in the personal banking segment. Fixed deposit (FD) scheme, one of such product offered by bank, provides assured returns. In a SBI FD account, depositor can…

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SIM swap fraud: How spammers are cloning SIMs, stealing money

In the last one year, fraudsters in India have turned to a new mobile scam – SIM swap. They fool unsuspecting telecom customers to hand over their details and use that information to clone their SIMs – for…

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5 credit cards offering best reward points in India

There are a number of credit cards available in India that offer various kinds of benefits but choosing the right one can help cardholders save money. Every credit card company has a rewards program to offer benefits to…

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