STATE BANK OF INDIA

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Must Read: These Six Big Changes From Today

SBI’s Home Loan Costlier The country’s largest bank State Bank of India (SBI) will increase its internal benchmark lending rate (EBLR) by 0.4 per cent to 7.05 per cent. Whereas RLLR will be more than 6.65 per cent. According to SBI’s website, the 10 bps increase in MCLR will also be applicable from June 1. …

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SBI’s Big Setback To its Home Loan Customers

If you are a customer of State Bank of India (SBI) or you are planning to take home loan from SBI, then the beginning of the new month will increase the expenses for you too. In fact, let us tell you that SBI has increased its home loan external benchmark lending rate (EBLR) by 40 …

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SBI Not Issued ‘No Due Certificate’ To Farmer For 31 Paise Outstanding, High Court Said Harassment

State Bank of India has been strongly reprimanded by the Gujarat High Court. Actually, this matter is related to the land deal of a farmer. The bank did not issue a ‘No Due Certificate’ (No Dues Certificate) to this farmer as only 31 paise remained outstanding.  The court expressed displeasure in this way The court of Justice …

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These Eight Rules Changing From April Will Have Direct Impact On Your Pocket

These Eight Rules Changing From April Will Have Direct Impact On Your Pocket

Tax on PF account From April 1, the existing PF account can be divided into two parts, which will also be taxed. According to the rules, there will be no tax on contribution up to Rs 2.5 lakh in PF account. Interest earned on contributions above this will be taxed. GST e-Invoicing The Central Board …

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Don't Scan QR Code To Receive Money. SBI Alerts Customers

Don’t Scan QR Code To Receive Money. SBI Alerts Customers

Today, in the modern era where all the work is now being done online, especially in the Corona era, the use of cashless transactions has increased. In such a situation, thugs find new ways to cheat people. In the recent past, there have been cases of fraud by scanning the QR code from the mobile. In view of …

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SBI Scheme: Deposit Lump Sum Money And Earn With Interest Every Month

SBI Scheme: Deposit Lump Sum Money And Earn With Interest Every Month

SBI Annuity Deposit Scheme Deposit for how much period  According to the SBI website, deposits can be made in this scheme for 36, 60, 84 or 120 months. This scheme is available in all branches of SBI. There is no maximum deposit limit in this. At the same time, the minimum annuity is Rs 1000 per month. In this, …

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Car Loan Calculator: How Much EMI Will Have To Be Paid For Car Loan Of Rs 10 Lakh

Car Loan Calculator: How Much EMI Will Have To Be Paid For Car Loan Of Rs 10 Lakh

Reserve Bank of India (RBI) has not made any changes in its recently released monetary policy repo rate and reverse repo rate. Repo rate has been retained at 4 per cent and reverse repo rate at 3.35 percent. With no increase in policy rates, it is clear that there is little hope of increasing interest …

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SBI vs HDFC: To Get FD Of 5 Lakhs For 2 Years, Where is The More Profit After Increasing Interest Rates

SBI vs HDFC: To Get FD Of 5 Lakhs For 2 Years, Where is The More Profit After Increasing Interest Rates

Interest rates on deposits from banks are now being increased. Bank Fixed Deposit or Term Deposit is a traditional investment option. Bank FDs are a better way to give a safe and fixed income. The country’s largest bank SBI recently increased the interest rates of its term deposits. After this HDFC Bank has also decided to increase the interest …

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SBI Issues Statement On Biggest Bank Scam in The History Of India

SBI Issues Statement On Biggest Bank Scam in The History Of India

In the ABG Shipyard scam case, the largest public sector bank SBI has issued a statement. The bank has said that it had lodged a complaint with CBI in November 2019 itself. According to the statement, ABG Shipyard was incorporated on 15 March 1985 and it was doing banking arrangement since 2001. Became NPA in …

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SBI Customer: How To Download Home Loan Interest Certificate To File Your ITR?

SBI Customer: How To Download Home Loan Interest Certificate To File Your ITR?

Home loan interest certificate is a statement of home loan account provided by your bank. In this, full details of the interest and principal amount you have paid during a financial year are given. It is used as a home loan repayment proof. Home loan interest certificate is mainly used for claiming income tax deductions …

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SBI Alert: Do This Work Immediately! Unless You Will Not Be Able To Do High Value Transactions

SBI Alert: Do This Work Immediately! Unless You Will Not Be Able To Do High Value Transactions

State Bank of India (SBI) has issued an alert for its customers that if they have not linked their Aadhaar card with PAN, get it done immediately. The deadline for linking Aadhaar with PAN is about to end. If you do not link your Aadhaar with PAN before the stipulated time limit, then your PAN …

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Know About The Benefits And Rules Of SBI Gold Current Account

SBI Current Account benefits: If you have a business and do daily transactions then you need a current account. India’s largest bank is offering many great benefits (SBI Current Account benefits) on the opening of State Bank of India Current Account. There is a special account in SBI namely SBI Gold Current Account. In this, …

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If Your Saving Account is in SBI, Then This Big Alert is For You!

If Your Saving Account is in SBI, Then This Big Alert is For You!

If your Saving ccount is in the country’s largest government bank i.e. State Bank of India, then this news is for you. State Bank of India told through a tweet to make its customers aware that how you can avoid online fraud. Let us tell you that these days digital transactions are increasing very fast, …

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Good News! No Need To Visit Bank Branch For SBI YONO Business App

Good News! No Need To Visit Bank Branch For SBI YONO Business App

If you want to use SBI YONO Business then this news is for you. Today we will tell you how you can easily register yourself on this app (Yono Business App). Yono Business app has been launched by State Bank of India, whose basic objective is to provide platform to Corporate and SME i.e. small and medium …

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Ministry of Finance

SBI authorised to issue and encash Electoral Bearer Bond 2018 through its authorised branches

The Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification No. 20 dated 02nd January 2018. As per provisions of the Scheme, Electoral Bonds may be purchased by a person (as defined in item No. 2 (d) of Gazette Notification), who is a citizen of India or incorporated or established in …

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Reserve Bank of India imposes monetary penalty on State Bank of India

SBI authorised to issue, encash Electoral Bonds from Oct 19-28

The Ministry of Finance has said that the State Bank of India (SBI), in the 14th Phase of sale, has been authorised to issue and encash Electoral Bonds through its 29 Authorized Branches with effect from 19th October to 28th of October this year. Electoral Bonds will be valid for fifteen calendar days from the …

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BIG NEWS FOR LOAN BORROWERS. ADDITIONAL 90 DAYS PROVIDED FOR PAYMENT OF EMI

Highlights The Reserve Bank has issued a directive that the loan borrowers will be given an additional 90 days after the 3-month moratorium period so that they can resume EMI. The RBI has currently changed the definition of loan defaulters. In his address, Governor Shaktikanta Das said that loan holders who have opted for the …

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COMPLIANCE RELIEFS IN THE WAKE OF COVID-19 PANDEMIC

To ease the compliance related to Taxation/MCA, our Hon’ble Finance Minister of India Smt. Nirmala Sitharaman has announced major relevant measures, on 24th March, 2020, to fight against the COVID-19 pandemic. Let’s begin with it. COVID-19 The Invest India Business Immunity Platform is launched to help businesses and investors withstand COVID-19, by getting real-time updates …

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RBI FAQs ON MORATORIUM OF TERM LOANS

>> MINISTRY OF FINANCE (MOF) vide Press Release ID No. 1609820 dated 1st April, 2020 has published FAQ’s on “RBI Allowed Banks to Declare Moratorium on Term Loans.” OVERVIEW : Reserve Bank of India has allowed Banks to declare a three-month moratorium on all term loans outstanding as on March 1, 2020, as well as …

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Reserve Bank of India imposes monetary penalty on State Bank of India

SBI’s BIG DECISION ON EMI AFTER ANNOUNCEMENT OF RBI. CUSTOMERS WILL GET RELIEF

The RBI made several important announcements on Friday to save the economy from the Corona Crisis. SBI has also made a big announcement regarding EMI. SBI has deferred three installments of EMI of borrowers. For this, the customer does not need to apply to the bank. At the same time, the situation is not clear …

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RBI RELAXATION DUE TO COVID-19 PANDEMIC

(1.) Targeted Long Term Repos Operations (TLTROs) : Reserve Bank will conduct auctions of targeted term repos of up to three years tenor of appropriate sizes for a total amount of up to Rs. 1,00,000 crore at a floating rate linked to the policy repo rate. (2.) Repo rate reduce – Repo rate cut by …

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RBI CLARIFICATION : NOT JUST EMI, CREDIT CARD DUES WILL ALSO BE COVERED UNDER THREE MONTHS MORATORIUM

The Reserve Bank of India has clarified that all lending institutions are permitted to grant a moratorium of three months on payments of all installments on term loans, including credit cards. The RBI on Friday (Mar 27) announced that all banks will be permitted to allow a three-month moratorium on payment of installments of all …

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RBI’S EMI MORATORIUM : WILL MY INSTALLMENT BE DEDUCTED? ARE CREDIT CARD BILLS SUSPENDED? AND OTHER QUESTIONS ANSWERED

>> The RBI today allowed banks to offer a moratorium on all term loans. >> The step was taken in light of the COVID-19 outbreak and the subsequent lockdown. The Reserve Bank of India (RBI) today allowed all financial institutions to allow a three-month moratorium for all term loans in light of the COVID-19 outbreak …

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