How to Link PAN Card to Savings Account
Posted on Wednesday, March 12th, 2025 |

To enable the direct deposit of tax refunds into bank accounts, the Income Tax Department made linking a Permanent Account Number (PAN) with a savings bank account mandatory for all taxpayers in February 2019. Taxpayers can quickly link or pre-validate their bank accounts, whether they are current or savings accounts, through the government’s official e-filing…
Read moreHow is Interest on Savings Account Taxed?
Posted on Tuesday, March 11th, 2025 |

A savings account is a fundamental tool for managing your money. But, it is essential to understand the tax implications associated with the interest earned on it. Interest earned on a savings account is taxable as it is considered as ‘income’ of the account holder. Being aware of savings account tax implications and benefits can…
Read moreWhat is Cheque Bounce? How to Deal with Cheque Bounce?
Posted on Tuesday, March 11th, 2025 |

With the rise of UPI and internet banking, digital payments and transactions have become common. However, cheques remain a safe and preferred mode of payment for many. But, there are situations where the bank cannot process or clear the cheque due to certain reasons. This is referred to as a bounced cheque or a dishonoured…
Read moreWhat is a UPI ID? How to Create UPI ID?
Posted on Wednesday, January 29th, 2025 |

In a fast-paced world, transferring money also needs to be quick and easy. With the Unified Payments Interface (UPI) system and a UPI ID, making digital payments is easy, instant, and secure. But what is a UPI ID? It is a unique virtual address that acts as your financial identity for UPI payments. You can…
Read moreWhat is UPI Lite? Know All About It.
Posted on Wednesday, January 29th, 2025 |

In India’s fast-evolving banking sector, digital payment solutions are increasingly important. A key innovation is UPI Lite. But what is UPI Lite? It is an extension of the Unified Payments Interface (UPI) that enables users to make small-value transactions without internet connectivity. Developed by the National Payments Corporation of India (NPCI), UPI Lite aims to…
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