HDFC Bank has increased the benchmark marginal cost of funds-based lending rates (MCLR) by up to 15 basis points. The new rates are effective from June 7, 2023, according to the HDFC Bank website. Latest MCLR The bank’s overnight MCLR is raised by 15 bps to 8.10%The one-month MCLR of HDFC Bank has increased by…
The last day for linking PAN with biometric Aadhaar on paying a late fee of ₹1,000 was June 30, 2023. Taxpayers who have not linked the two by this date will not be able to avail certain services related to income tax. From July 1, 2023, PAN will become inoperative for individuals who have failed…
From price change for LPG, to RBI’s 100-day, 100-payment campaign, a look at eight changes that you need to know starting today, 1 June 2023 1)New Sebi rules relating to children’s investmentSecurities Exchange Board of India (SEBI) introduced a set of rules relating to buying mutual fund units in the name of minor children through…
Banks Holiday In December 2023: During the month of December, banks in India will remain closed for a total of 18 days. Individuals planning to visit the bank for urgent matters should be mindful of the specified holiday dates. It’s important for bank customers to note that although physical branches will be closed on these…
Many salaried employees have an Employees’ Provident Fund (EPF) account in which they mandatorily contribute 12% of their basic salary every month. Further, the interest earned is tax free (up to a certain extent) and maturity amount is also tax free (subject to certain conditions). However, not many understand the finer working details of the…
The Reserve Bank of India (RBI) earlier this week took a major action against One97 Communications, the owner of Paytm, regarding Paytm Payments Bank Ltd (PPBL) due to “persistent non-compliances and continued material supervisory concerns”. It barred PPBL, which houses all of Paytm’s 330 million wallet accounts, from accepting deposits or top-ups in any customer…
Microsoft-backed startup OpenAI on Monday announced new features for its generative AI-based chatbot ChatGPT. The chatbot is now getting voice and image capabilities, which will allow users to get answers from ChatGPT in five different voices, as well as get answers to the images they submit. In a post on X announcing the new features…
Google has announced the full launch of its Nearby Share app on Windows, following a beta period that started back in March. Nearby Share has been a built-in feature on Android for many years, but until recently, you could only use it between Android phones. Essentially, it allows users to transfer files between devices over…
The Unique Identification Authority of India (UIDAI) has made online updation of Aadhar documents free till June 14, 2023. Usually, it costs a fee of ₹50 to update the Aadhaar details. However, till 14 June, updating demographic details online via UIDAI’s official website will be free of cost. It is important to note that this…
The RBI’s vision is to leverage CBDCs as digital tokens for facilitating call money settlements within the interbank borrowing market, a critical component of the financial system. The Reserve Bank of India (RBI) is set to introduce a central bank digital currency (CBDC) in the country’s call money market, reported Reuters quoting an official. This…