What Do Banks Do With Our Money To Make More Money?
I think, most of us already know that banks earn money by taking deposits and lending money. In simple terms, banks takes deposits from public and lends to public. The difference in interest rates is...
View ArticleBanks Asked To Pay ‘Free Services’ Tax, ATM Transaction Charges Expected
India’s banking industry is currently in a state of dilemma. Banks such as State Bank of India, ICICI Bank, Axis Bank etc. have been asked to pay the ‘free services’ tax provided to customers...
View ArticleHow To Pay Less for Bank Services Post DGGST Notice To Banks In India
Banks across India are currently in a state of frenzy. They have been asked to pay the ‘free services’ tax provided to customers with a minimum account balance with retrospective consequences. The tax...
View ArticleCryptocurrency Ban In India: Traders Feel It Will Continue Post-Order
Since the cryptocurrency ban in India. trading in this sector has overflowed substantially with a spiked increase in prices. experts feel that traders are taking advantage of the duration (three...
View ArticleTax Exemption On Bank Interest – Read For More Information
The interest people receive on their savings bank account is considered as their income. Moreover, it is taxable. Then also, people get tax exemption on bank interest. It is offered by Section 80TTA of...
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