Banking

The Income Tax Department has announced March 31, 2023, as the last date to link your PAN Card with Aadhar Card. Under new rules, PAN and Aadhaar can be linked now along with a penalty of Rs 1,000. If you don’t link both ID cards before the final deadline, your PAN will become inoperative. The last date to link PAN and Aadhaar without a penalty was June 30, 2022.

Banks including private and government-run, like HDFC, ICICI, Punjab National Bank to name a few, have increased their lending rates, making loans costlier. ICICI bank has increased its lending rate by 0.30% or 30 basis points and Punjab National Bank has increased its lending rate by 0.15% or 15 basis point. Meanwhile, HDFC increased its retail prime lending rate by 0.05% or 5 basis points.

The fifth National Family Health Survey (NFHS) has concluded that the number of bank accounts operated by women has increased significantly. The figure has raised from 26.4% to 76.7% in Bihar, while in Karnataka it surged to 88.7% from 59.4%. Moreover, Assam and Gujarat rose by over 73% and 45% respectively. Besides, NFHS reported notable growth in the mobile phone user base and ownership of property among women.

According to a tweet, RBI has signed Amitabh Bachchan to feature in a customer awareness campaign. The banking regulator has been continuously campaigning to aware and reach people informing them about fraudulent activities. The awareness drive includes dos and don’ts required for safe transaction. To increase RBI's reach, the campaigns are designed in regional languages as well. Interestingly, RBI's Twitter handle has 3.02 lakh more… read-more