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SBI Strengthens Security System On ATM Withdrawals
30 December 2019

SBI Strengthens Security System On ATM Withdrawals

A new safety measure to be introduced beginning new year on night withdrawals of Rs 10K & above



TDS On Cash Withdrawal To Discourage Cash Transactions
28 July 2019

TDS On Cash Withdrawal To Discourage Cash Transactions

In order to further discourage cash transactions and move towards a less cash economy.


RBI relaxes withdrawal limit for depositors of City Co-operative Bank
28 December 2018

RBI relaxes withdrawal limit for depositors of City Co-operative Bank

The Reserve Bank has increased withdrawal limit for depositors of City Co-operative Bank Ltd, Mumbai, to Rs 5,000.


If I withdraw PF will I also get what the employer had contributed?
23 July 2017

If I withdraw PF will I also get what the employer had contributed?

PF withdrawal is taxable if service is not rendered continuously for at least five years


Is the partial withdrawal from the Ulip corpus taxable?
22 July 2017

Is the partial withdrawal from the Ulip corpus taxable?

It will depend on the period for which the contribution to the scheme has been made


In what way are liquid funds superior to bank fixed deposits?
25 June 2017

In what way are liquid funds superior to bank fixed deposits?

Liquid funds score on two counts in comparison to bank fixed deposits—tax efficiency and higher liquidity


How many chequebooks can a bank issue at a time?
30 May 2017

How many chequebooks can a bank issue at a time?

The bank is only obliged, under the law, to enable costless withdrawal of money kept in a savings account.


Making PF a farce
29 April 2017

Making PF a farce

Frequent dilution in the structure, makes the PF like any other savings options that you can withdraw from


Do I need to pay penalty for premature withdrawal from fixed deposits?
18 April 2017

Do I need to pay penalty for premature withdrawal from fixed deposits?

If the penalty and the rate are mentioned in the deposit document, the bank is entitled to deduct the penalty


Can I extend the tenure of my existing bank FD?
09 April 2017

Can I extend the tenure of my existing bank FD?

To get a longer term for fixed deposits, you will need to close your current FD and open a fresh FD


How does the provident fund balance taxed?
02 April 2017

How does the provident fund balance taxed?

It will be in your interest to continue your PF contributions to your next job than make this withdrawal