News on no free services by banks from 20th January is fake-Finance Ministry
According to news in circulation in social media, from 20th January, 2018 Banking Regulations are going to change resulting in discontinuance of various free services. The viral news created a confusion in the public
The fake news attempts to create a panic by spreading rumor that from 20th January, 2018, the following changes are applicable:
However Secretary, Department of Financial Services (DFS), MoF has clarified that there is no proposal by Banks to discontinue free services from 20th January and such news in circulation is pure Rumors.
Indian Banking Association has issued a clarification that reports in some segment of social media about ceasing of all free services wef 20th January, 2018 are baseless and are based on misinformed communication and there is no such move is contemplated for blanket removal of free services.
However IBA has clarified that in view of the commercial and operational costs, banks would constantly examine and revise charges as the case may be.
There is no statutory requirement of pre-deposit for stay of demand under Income Tax Act - High Court stayed demand …
Engagement of Company Secretaries (CS) as Young Professionals in the Office of Regional Director (WR), Registrar of Companies, Mumbai and…
Applicability of provisions of Section 115BBE read with Section 69, 69A and 69C in a case arising before Settlement Commission…
Addition u/s 68 for jewellery purportedly received on death of grandparent under Will upheld. In a recent judgment, ITAT upheld…
Supreme Court lays down tests to determine whether a debt is a financial debt or an operational debt under IBC…
Merely because directors of two companies were common not mean that deposits received was bogus and companies were shell companies…