Banking

Key Differences between Successive Nomination & Simultaneous Nomination, meaning of Simultaneous Nomination, meaning of Successive Nomination, meaning of Successive Nomination & Simultaneous Nomination, Simultaneous Nomination, Successive Nomination, Successive Nomination & Simultaneous Nomination, Successive Nomination vs Simultaneous Nomination

The Indian Parliament recently passed the Banking Laws (Amendment) Bill, 2024, marking a significant overhaul of the country’s banking regulations. This bill was introduced on August 9, 2024, and passed by the Lok Sabha on December 3, 2024. Now it will be an ACT when the president signs it. Key Changes Proposed – Definition ofRead More

Ombudsman for Digital Payment Services

by Madhupam Krishna

Benefits of the Ombudsman for Digital Payment Services, disadvantages of the Ombudsman for Digital Payment Services, Ombudsman for Digital Payment Services, Resolution of Complaints in Ombudsman for Digital Payment Services, What Are Digital Payment Services?, What Can Go Wrong With Digital Payment Services?, Who Can File a Complaint during digital payment services?

The rapid adoption of digital payment services in India has revolutionized financial transactions. Recently, a report showed that Bangalore conducts 80% of its payments over digital payment mediums. From UPI (Unified Payments Interface) to mobile wallets and online banking, these services have made financial interactions seamless and efficient. However, with this convenience comes the possibilityRead More

All About New PAN 2.0 for Residents & NRIs

by Madhupam Krishna

All About the New PAN 2.0 for Residents & NRIs, digital pan, How to apply for PAN 2.0 online, Is Pan 2.0 Mandatory?, pan 2.0 features, pan 2.0 safety, Should NRIs Apply for New PAN 2.0?, Should Residents Apply for New PAN 2.0?, Uses of PAN 2.0

Imagine a world where managing your tax affairs is as effortless as tapping a few buttons on your smartphone. Enters the – PAN 2.0, the revamped system for the Permanent Account Number (PAN) in India, designed to bring tax administration into the digital age. PAN 2.0 is the new e-PAN card, complete with a QRRead More

Process & Steps to Issue NRI Power of Attorney

by Madhupam Krishna

Digital PoA, How Non-Residents Can Issue NRI Power of Attorney?, Key Considerations When Issuing a PoA, NRI Power of Attorney, Power of Attorney, Power of Attorney (PoA), Power of Attorney in India, Steps for NRIs to Issue a Power of Attorney, Types of Power of Attorney for NRIs

A Power of Attorney (POA) is a legal document that allows an individual to act on your behalf. A NRI Power of Attorney (PoA) is a legal document that allows a person (the principal) to authorize another individual (the attorney or agent) to act on their behalf in India. Using a NRI Power of Attorney,Read More

Highlights of Main Union Budget 2024

by Madhupam Krishna

main budget 2024, main budget 2024 highlights, main budget 2024 highlights for salaried employees, main budget 2024 highlights on income tax, main budget 2024 India, main budget 2024 new tax structure under New Tax Regime, main budget 2024 summary, main budget for July 2024, Modi Government's Financial Plan for Investments and Tax

Highlights of the Union Budget 2024 Announced on 23 July 2024- PDF Version of Union Budget 2024 – Download NPS-Vatsalya, a plan for contribution by parents and guardians for minors will be started. When the age of majority is reached, the plan can be converted seamlessly into a normal NPS account. On the other hand,Read More