Cash withdrawal limit for savings accounts increased to Rs 50,000 from Rs 24,000 per week – ZEE NEWS

20-02-2017

Source: Cash withdrawal limit for savings accounts increased to Rs 50,000 from Rs 24,000 per week – ZEE NEWS New Delhi: The remonetisation excercise is taking place fast as part of government's plan subsequent to the withdrawal of the specified bank notes of Rs 5,00 and Rs 1,000 from circulation on Novemenr 8, 2016. The Reserve Bank of India, in its circular on February 8 said that inn line with the pace of remonetisation, it has now been decided to remove the restrictions on cash withdrawals from Saving Bank accounts (including accounts opened under PMJDY) in a two step process as under: It added that effective February 20, the limits on cash withdrawals from the Savings Bank

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CABINATE APPROVES MERGER OF SBI WITH 5 BANKS – Business Standered
February 15, 2017

he Cabinet today gave go-ahead to the merger of State Bank of India (SBI) and its associate lenders that would make the state-owned lender a global-sized bank.India's largest lender SBI had last month mooted the proposal for merger of its five subsidiary banks with itself and acquisition of the newly set up Bharatiya Mahila Bank.SBI has five

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Rs. 10000 crore Special Banking Arrangement made in Budget 2017 to clear Fertilizer Subsidy dues: Shri Ananth Kumar
February 7, 2017

Chemicals and Fertilizers Minister addresses media on Budget 2017 allocations and achievements of the Ministry in last three years Union Minister of Chemicals and Fertilizers, Shri Ananth Kumar addressed the media here today and appraised the gathering about the achievements of Department of Chemicals, Fertilizers and Pharmaceuticals during the

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Union Budget 2017: 10 Income Tax Changes That Will Impact You
February 2, 2017

Individuals will be now required to deduct 5 per cent TDS or tax deducted at source for rental payments above Rs. 50,000 per month. Tax experts who were expecting a hike in Section 80C limit were a bit disappointed. HIGHLIGHTS Mr Jaitley has cut tax benefits provided on buying a second house. Partial withdrawals from National Pension System

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Your home loans rates to come down soon: BofA-ML says banks will cut lending rates by 50-75% by September
February 2, 2017

Softer lending rates are expected as the Budget will help banks cut rates by 50-75 bps by September to offset the impact of demonetisation in the second half of the current year, says a report. Finance Minister Arun Jaitley has cut the fiscal deficit target to 3.2 per cent of GDP for 2017-18 – lower than the 3.5 per cent target for

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SBI Life Insurance to offer 10 per cent stake
January 31, 2017

Mr Basu said the two partners will hold talks to decide on whether SBI would dilute the entire 10 per cent or it would be shared equally. SBI Life Insurance, which is a joint venture between State Bank of India and BNP Paribas Cardif, in December, sold 3.9 per cent of its stake to KKR and Temasek Holdings for Rs 1,794 crores or $264 million. SBI

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