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Home Loan Interest Deduction

The current Budget has not provided much to the Individual Tax payers, except for some fringe benefits.  A noteworthy offering is in the form of Home Loan repayment, which is beneficial to many home buyers.  It was indeed true, that  a delay in a Real Estate project, resulted in an effective cost increase, to the

12 May

Home Loan Interest Deduction

Admin Bankedge

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Banking

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The current Budget has not provided much to the Individual Tax payers, except for some fringe benefits.  A noteworthy offering is in the form of Home Loan repayment, which is beneficial to many home buyers.  It was indeed true, that  a delay in a Real Estate project, resulted in an effective cost increase, to the

Single KYC Norms Soon For Bank Accounts And Investing In Stocks, Mutual Funds

Single KYC Norms It is well known that for quite some time, SEBI has been trying to push through the process of investing in stocks, Mutual Funds and commodities, by accepting the KYC norms prescribed for Banks.  SEBI has also been making efforts to make the KYC portability becoming true, and in this direction the

17 Apr

Single KYC Norms Soon For Bank Accounts And Investing In Stocks, Mutual Funds

Admin Bankedge

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Banking

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Single KYC Norms It is well known that for quite some time, SEBI has been trying to push through the process of investing in stocks, Mutual Funds and commodities, by accepting the KYC norms prescribed for Banks.  SEBI has also been making efforts to make the KYC portability becoming true, and in this direction the

Paytm and US firm in tie up for Payments Bank

Paytm is a mobile Payment and commerce stage which is owned by Vijay Shekhar Sharma, of One97 Communications. Paytm now plans to convert its around 120 million wallet users in to account holders of its proposed Payment Bank, after its takeoff. As is known, the Paytm Wallet is one which is presently used for various

29 Mar

Paytm and US firm in tie up for Payments Bank

Admin Bankedge

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Banking

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Paytm is a mobile Payment and commerce stage which is owned by Vijay Shekhar Sharma, of One97 Communications. Paytm now plans to convert its around 120 million wallet users in to account holders of its proposed Payment Bank, after its takeoff. As is known, the Paytm Wallet is one which is presently used for various

What is EPF? Employees’ Provident Fund

After a great hue and cry Government exempted taxing of the employers’ contribution on the EPF (Employees’ Provident Fund). But the strange surprise is that Government has issued notification on 10th Feb 2016 that an employee is not eligible to take out the contributions of his/her employer till he/she attains 58 years of age. What

27 Mar

What is EPF? Employees’ Provident Fund

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Blog

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After a great hue and cry Government exempted taxing of the employers’ contribution on the EPF (Employees’ Provident Fund). But the strange surprise is that Government has issued notification on 10th Feb 2016 that an employee is not eligible to take out the contributions of his/her employer till he/she attains 58 years of age. What

Anti Money Laundering in Banking

What is Anti Money Laundering? “Money laundering” is the process by which criminals attempt to hide and disguise the true origin and ownership of the proceeds of their criminal activities, thereby avoiding Prosecution, conviction and confiscation of the criminal funds. The term “Money Laundering” is also used when the funds are used for terrorist financing

09 Mar

Anti Money Laundering in Banking

Admin Bankedge

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Banking

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What is Anti Money Laundering? “Money laundering” is the process by which criminals attempt to hide and disguise the true origin and ownership of the proceeds of their criminal activities, thereby avoiding Prosecution, conviction and confiscation of the criminal funds. The term “Money Laundering” is also used when the funds are used for terrorist financing