Bank holidays: The Reserve Bank of India (RBI) publishes a holiday calendar every year that specifies when banks in India will be closed. According to which, banks will be closed for 15 days in April 2022. Nine of the fifteen are according to the RBI holiday calendar, while the remaining are weekends — Saturdays and […]
Read moreAccording to the Reserve Bank of India (RBI) calendar list, banks will be closed for 13 days in March. Seven of the thirteen are according to the RBI holiday calendar, while the remaining are weekends — Saturdays and Sundays. Bank customers should be aware that not all banks will be closed for the entire 13-day […]
Read moreAccording to the Reserve Bank of India’s holiday list, banks across the country will be closed for a total upto 16 days in January 2022. The second and fourth Saturdays, as well as Sundays, are included. Every month on the first and third Saturdays, the banks are open. Aside from the weekly shutdowns, banks will […]
Read moreBank Holidays: All private and public sector banks will remain closed for 21 days in this October 2021 month, including second and fourth Saturdays, and Sundays, as per the Reserve Bank of India (RBI) holiday calendar. October 2021 bank holidays are die to Gandhi Jayanti, Durga Puja, Navami Puja, Dussehra, and other major regional festivals. […]
Read moreWithdrawing cash from automated teller machines (ATM) may become more expensive in the coming days. The interchange fee structure for ATM transactions will be increased by the banks from next month. The Reserve Bank of India has approved an increase in the interchange fee, which will take effect on August 1, 2021. Because of the growing cost of […]
Read moreBank fixed deposits (FDs) give interest that is entirely taxable. Taxpayers have made mistakes with the way they disclose interest income on many occasions, resulting in them receiving warnings from the Income tax department. Many taxpayers recently received notices from the Income tax department informing them the discrepancies between the FD interest income data held […]
Read morePrivate and public banks in India will stay closed for 15 days in April 2021 due to various bank holidays. It also involve the second and fourth Saturdays as the banks stay shut on these days. Bank holidays in April 2021 include festivals such as Ram Navmi, Good Friday, Bihu, and Babu Jagjivan Ram’s Birthday, […]
Read moreBank Holidays March 2021: Banks in India work as per RBI Calendar. Banks will remain closed for 11 days in the month of March, 2021. The banks will stay closed for five days — March 5, March 11, March 22, March 29 and March 30. Apart from this, they will also stay closed on four […]
Read moreMany times we come with questions like What kind of bank accounts should be maintained? How many bank accounts should be maintained? Is it mandatory to give the bank account details in Income tax? Is disclosing details of all bank account is compulsory? How much money can we deposit in bank? Can Income Tax Department […]
Read moreThe only thing which is true is “CHANGE”. Be it in life or in business, to live peacefully we need to adapt the changes. There are many changes in GST and Income Tax which were applicable from April 1, 2020 but due to COVID-19, applicability of many changes extended to 30th June,2020. However, following important […]
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