The deadline for availing the benefit of getting ITRs of previous years verified is September 30, 2020, the due of filing ITR for AY 2020-21 has been extended to November 30, 2020 due to the disruption caused by the Covid-19 pandemic. Assessees are allowed to verify their ITR within 120 days of e-filing the ITR to complete the return filing process. If verification of ITR is not done within the stipulated time period of 120 days, then it's treated that the ITR is not filed and the assessee may … [Read more...]
SBI extends OTP based ATM withdrawal facility round the clock
From 18th September the country's largest public-sector lender SBI will make an OTP-based cash withdrawal facility operational round the clock at its ATMs for transactions of Rs 10,000 and above. In this year January, the SBI had introduced OTP-based cash withdrawals for above Rs 10,000 between 8 PM to 8 AM via all SBI ATMs. The bank’s managing director (retail and digital banking) C S Setty said that “With the enablement of 24×7 OTP authenticated ATM withdrawals, we believe SBI customers will … [Read more...]
Government bans export of onions
With the immediate effect on Monday government banned the export of all varieties of onions, a move aimed at increasing availability and checking the price of the commodity in the domestic market. The Directorate General of Foreign Trade (DGFT) said in a notification that "The export of all varieties of onions is prohibited with immediate effect." Under this notification, the provisions under transitional arrangement shall not be applicable. In the national capital, onion prices … [Read more...]
What is an American Express Card?
An American Express card is different from other cards in the way that they operated. It's an electronic payments card branded by American Express which is a publicly traded financial services company. The American Express cards are also known as "AmEx". The American Express cards are issues and process prepaid cards, charge cards, and credit cards that are available to small businesses, individuals, and corporate consumers worldwide. In also addition an American Express has its processing … [Read more...]
HDFC Bank looks to increase the number of banking correspondents to 25K by March
Present, the HDFC bank has a network of 11,000 banking correspondents. A top official of the bank said that "The largest private sector lender HDFC Bank is planning to more than double the strength of its banking correspondents (BCs) to 25,000 by the fiscal-end." Smita Bhagat, country head Governments institutional business and startups at HDFC Bank, told PTI that "We always strive to provides the best banking facility to every customer even those in remote parts of the country. To make this … [Read more...]