You can register for doorstep banking service through your bank’s mobile application, website or call centre
Withdrawing more than Rs 20 lakh cash from bank would be impossible without a tax return
For a valuation-conscious investment strategy, cash equivalents in the portfolio in times of overvaluation can act as ‘dry powder’
Cash held in a portfolio is mostly invested in money market instruments such as treasury bills
The market regulator and brokers have steadily taken the game away from the retail trader by imposing rules that make it difficult for these traders to survive
The largest currency in denomination will remain legal tender, but would be gradually phased out of public circulation
The brokers’ associations have been given a week’s time to submit the note on funding the margins of their clients.
Using digital methods for payments was a compulsion after demo, but has now become a habit for many
Currency with the public, as a percentage of nominal GDP, is back to where it was before demonetisation
In this Moneycontrol podcast, we will discuss another ATM related crisis looming on the horizon.
Some fear this could lead to more visits to bank branches or hoarding of cash at home as ATMs are frequently used by depositors
The derivatives to cash market ratio for India has increased to 29.6 from around 15.0 two years ago.
At present, 4.78 lakh of the total 6.08 lakh PoS machines are enabled to dispense cash to bank customers free of charge.
As it steps up the fight against illicit fund flows, so far names of around 2.24 lakh companies that have been inactive for long have been struck off from the official records and 3.09 lakh directors have been disqualified.
Cash payments for cancelled demand drafts of below Rs 50,000 under watch; suspicious bank activity probe widened to 7 months before demonetisation
All cash payments of over Rs 2 lakh for paying loans and credit card bills during the 50-day period post demonetisation will have to be disclosed in the new one-page Income Tax return form.
In an operation late last evening, the agency had arrested Gupta Chandra Bidika, Additional General Manager, Microwave Project, Bhubaneswar.
Earlier, while presenting the Budget on February 1, Finance Minister Arun Jaitley had proposed the cap to be Rs 3 lakh with effect from April 1.
The government is looking to inject an additional Rs 8,000 crore into the cash-starved public sector banks by the end of this financial year, reports CNBC-TV18.
Latest RBI data suggest that measures implemented to push digital transactions haven’t been able wane citizens off the “touch and feel” of cash.
According to the norms, brokers have to provide information on amount funded as margin obligation on behalf of clients as well as funding related to settlement obligations for institutional and non institutional clients, among others.
Official data showed India's gross domestic product (GDP) grew 7 percent annually for the quarter, sharply beating expectations for a 6.4 percent growth rate in a Reuters poll. The economy slowed from the September quarter's 7.3 percent annual growth rate.
Struggling with customers unable to pay on time and plummeting sales, Indian small-business owner Ravi Jain fears the government's crackdown on cash will have a much larger impact than predicted by top policymakers.
Apart from this, some notes were printed with 'Ek Kadam Swachhta ki Aur' and 'Bharatiya Manoranjan Bank'.