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Online bill aggregators such as SBI Unipay offer a common platform for paying all bills; attractive reward points are an added incentive for users to transact on these portals. Users of SBI Unipay, the online bill payment aggregator service of the country’s top bank SBI, have not been able to pay their credit card bills…

New Delhi: The Pension Fund Regulatory and Development Authority (PFRDA) has introduced fresh guidelines for withdrawing pensions through the National Pension System (NPS), set to be effective from February 1, 2024. These regulations outline conditions for subscribers looking to make partial withdrawals from their pension accounts. According to the updated rules, subscribers can withdraw a…

Institute of Banking Personnel Selection 2023 Jobs Recruitment Notification. IBPS inviting applications for the positions of Officer Scale I, II, III & Office Asst and more posts. Interested and Eligible candidates can apply for the positions. Last Date for Submission of Application is on 21st June, 2023. No.of Posts and Vacancies :- Officer Scale I,…

Section 80G of the Income-tax Act, 1961 allows taxpayers to claim deductions for their monetary donations to eligible charitable institutions. However, claiming this deduction while filing income tax return (ITR) can be tricky. Therefore, it is essential for taxpayers to keep some key points in mind while claiming this deduction at the time of filing…

The Reserve Bank of India (RBI) has conceptualised a lightweight payment and settlement system (LPSS) that can be operated from anywhere by a bare minimum staff in the event of natural calamities and war. This new payment system will be independent of conventional technologies used for existing payment systems such as RTGS, NEFT, and UPI….

The misconception that cashless transactions are less traceable by the Income Tax Department has arisen due to the increasing prevalence of such transactions. Nevertheless, this belief is incorrect. This is because banks and other financial institutions must notify the Income Tax department of transactions surpassing a specified threshold. This encompasses card payments, UPI transactions, as…

Linda Yaccarino, the new CEO of Twitter, is implementing a range of strategies to attract back advertisers who abandoned the platform during Elon Musk’s tenure, reported Financial Times (FT). These measures include the introduction of a video advertising service, actively pursuing additional celebrities to join the platform, and expanding the company’s workforce. According to the…

What are the rules for withdrawing the proceeds from a provident fund (PF) account within five years of opening it, particulary if I have already claimed 80C deduction in previous years? It is presumed that you are currently not with an employer to whom the provisions of Employees Provident Fund and Miscellaneous Provisions Act, 1952.)…