The Prime Minister’s Jeevan Jyoti Bima Yojana (PMJJBY) is a flagship programme of the NDA government, which was introduced by PM Narendra Modi on May 9, 2015. This life insurance scheme, offered by the central government, provides yearly renewable coverage for death resulting from any cause. According to a statement released on social media platform … Read more
I generally maintain a balance of around Rs 5-6 lakh in my savings bank account. I have also recently invested in a bank FD for Rs 5 lakh for three years. Please let me know whether my bank FD interest or savings bank interest will attract any TDS provisions. Ankit Reply by Rajiv Bajaj, Chairman … Read more
Individual mutual fund investors and demat account holders must comply with the Securities and Exchange Board of India (Sebi) directive and submit nomination declarations or opt out of nominations before December 31, 2023. Kashmira Kalwachwala, Head of Investor Services, Tata Asset Management, said, “As we approach the deadline set by Sebi for adding nominees to … Read more
Representational file image. | Photo Credit: J. Manoharan Bank account holders are no longer required to visit their bank branches to update ‘know your customer’ (KYC) details provided they have already submitted valid documents and not changed their address, the RBI has said. Instead, if there is no change in KYC information, they can submit … Read more