Connect with us

Business

Bank Customers Alert!! Rules will Change from June 1: Read here

Published

on

If you are a customer of Bank of Baroda, Canara Bank or Syndicate Bank, then the latest changes in the rules and regulations of these banks must be duly noted by you. Bank of Baroda has made some changes in its procedure related to the payments made through cheque, whereas Canara Bank and Syndicate Bank has made some changes related to IFSC code requirements.

Bank of Baroda’s cheque payment changes

From June 1 2021, Bank of Baroda will make ‘Positive pay confirmation’ mandatory for its customers to prevent incidents of fraud during payments made through cheques.

“Customers are requested to provide us advance intimation of cheques issued to the beneficiaries so that Bank at the time of presentment in CTS clearing can pass the High-Value cheques without contacting to the customers,” Bank of Baroda’s statement as published on its official website says. The Bank added that the customers will only have to make the reconfirmation of cheque details when the amount to be processed is more than Rs 2 Lakh.

The IFSC Codes of Canara Bank and Syndicate Bank to change on this date:

Canara Bank informed its customers that the IFSC codes of its branches will change on 1st July 2021. Whereas the customers of Syndicate Bank have been told to update their Bank Branch’s IFSC code by 30th June 2021. The respective customers will have to visit the websites of Syndicate Bank and Canara Bank to know the updated IFSC codes of these banks.

In April last year, Syndicate Bank was merged into Canara Bank. Whereas another major Bank merger in the same year was that of Bank of Baroda, Dena Bank and Vijaya Bank which combined the operations of these Banks for better operational feasibility.

Business

Lost your ATM card? Here is how to get it blocked

Published

on

By

Have you lost your State Bank of India (SBI) debit card? Don’t panic! You can easily get your ATM cum Debit Card blocked through OnlineSBI.

“You can now Block your SBI ATM cum Debit Card through OnlineSBI, in case your card is lost or stolen,” SBI said.

Step 1: Log in to www.onlinesbi.com with your username and password.
Step 2: Select “ATM Card Services>Block ATM Card” link under the “e-Services” tab.
Step 3: Select the Account, under which you want to block your ATM cum Debit Card.
Step 4: All the Active and blocked cards will be displayed. You will be shown the first 4 and last 4 digits of the card(s).
Step 5: Select the Card and click “Submit”.  Next, verify the details and confirm.
Step 6: Select the mode of authentication as either SMS OTP or Profile Password.
Step 7: Enter the OTP password /Profile password as chosen earlier and Click “Confirm” on the next screen.
Step 8: A success message would be displayed with a Ticket No. after successful blocking of your ATM cum Debit Card. You are advised to note this Ticket No. for future reference.

Continue Reading

Business

Now, get a driving licence without taking a test at the RTO

Published

on

By

Soon, you will be able to get your driving licence without undertaking a driving test at any RTO. Seems like a dream come true? There is a catch, of course. Licences won’t be doled out indiscriminately and learners will have to undergo training at an accredited driver training centre and pass the test there.

“This entire process will be tech-driven and without any human interference. The accreditation will be given to centres that meet the criteria of space, driving track, IT and biometric system and carry out the training as per prescribed syllabus. Once the centre issues a certificate, it will reach the motor vehicle licence officer concerned,” an officer was quoted in The Times of India.

On their official Twitter handle, the Ministry of Road Transport & Highways (MoRTH) posted the salient features of accredited driver training centres. Those are:

1) The centre shall be equipped with simulators and dedicated driving test track to provide high quality training to candidates.

2) Remedial and refresher courses, as per the requirement of the Motor Vehicles Act, 1988, can be availed at these centres.

3) The candidates, who successfully pass the test at these centers, will be exempted from the driving test requirement at the time of applying for driving license, which is currently being taken at the Regional Transport Office (RTO). This will help the drivers in getting the driving licence after completing training from such accredited driving training centers.

4) These centers are allowed to provide industry- specific specialized training as well.

The MoRTH, also tweeted on their social media handle saying, “Shortage of skilled drivers is one of the major issues in the Indian roadways sector. A large number of road accidents occur due to lack of knowledge of road regulations.

 

Continue Reading

Business

Big decisions by Modi government: Details Here

Published

on

By

The GST Council on Saturday decided to slash rates of several Covid-relief items to 5% from existing 12 to 18% levels but kept the much-anticipated tax rate on vaccines unchanged at 5%.

Addressing the media, post the GST Council meeting, Finance Minister Nirmala Sitharaman said that the council agreed to go with the recommendations of the Group of Ministers (GoM) that was single point agenda on the council. It further agreed to stick to a 5% GST rate on the COVID-19 vaccine. There will be no change in the GST rate for vaccines, said Finance Minister Nirmala Sitharaman.

The GST Council has also decided to slash rates for Tociluzumab, Amphotericin to nil level. Besides that, the Council also gave approval to GST rate reduction for Remdesivir from 12% to 5%. The GST on ambulances has been reduced to 12%.

No GST would be levied on Amphotericin B, the antifungal drug used for black fungus treatment, Nirmala Sitharaman said following the 44th GST Council Meeting.

“GST on electric furnaces and temperature checking equipment brought down to 5% and on ambulances to 12%. These rates will be valid till September as against August end recommended by the GoM,” Finance Minister Nirmala Sitharaman said on the outcome of the 44th GST Council meeting.

The special duty cuts would be applicable till September 30, 2021.

Sitharaman said that though the GoM recommended the rate cuts till August, the council decided to keep it till September end and later decide if further extension was required.

In another major move, the GST rate on ambulances has been reduced to 12% from the previous 28%.

 

Continue Reading

Covid-19 Stats

13 Jun 2021, 7:57 AM (GMT)

Coronavirus Stats

29,439,989 Total Cases
370,407 Death Cases
28,043,446 Recovered Cases

Facebook

Latest Posts

Archieves

June 2021
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
282930  

Trending