Banking

Ombudsman for Digital Payment Services

Benefits of the Ombudsman for Digital Payment Services, disadvantages of the Ombudsman for Digital Payment Services, Ombudsman for Digital Payment Services, Resolution of Complaints in Ombudsman for Digital Payment Services, What Are Digital Payment Services?, What Can Go Wrong With Digital Payment Services?, Who Can File a Complaint during digital payment services? Leave a Comment

The rapid adoption of digital payment services in India has revolutionized financial transactions. Recently, a report showed that Bangalore conducts 80% of its payments over digital payment mediums. From UPI (Unified Payments Interface) to mobile wallets and online banking, these services have made financial interactions seamless and efficient. However, with this convenience comes the possibilityRead More

All About New PAN 2.0 for Residents & NRIs

by Madhupam Krishna

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Imagine a world where managing your tax affairs is as effortless as tapping a few buttons on your smartphone. Enters the – PAN 2.0, the revamped system for the Permanent Account Number (PAN) in India, designed to bring tax administration into the digital age. PAN 2.0 is the new e-PAN card, complete with a QRRead More

Process & Steps to Issue NRI Power of Attorney

by Madhupam Krishna

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A Power of Attorney (POA) is a legal document that allows an individual to act on your behalf. A NRI Power of Attorney (PoA) is a legal document that allows a person (the principal) to authorize another individual (the attorney or agent) to act on their behalf in India. Using a NRI Power of Attorney,Read More

Highlights of Main Union Budget 2024

by Madhupam Krishna

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Highlights of the Union Budget 2024 Announced on 23 July 2024- PDF Version of Union Budget 2024 – Download NPS-Vatsalya, a plan for contribution by parents and guardians for minors will be started. When the age of majority is reached, the plan can be converted seamlessly into a normal NPS account. On the other hand,Read More

NRI Investing Using Domestic Bank Accounts – Y/N?

by Madhupam Krishna

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Prabhat, who recently converted status from resident to NRI, asked me if it is ok to continue Mutual Funds investments & SIPs from domestic accounts. The NRI Investing Using Domestic Bank Accounts like savings or current is not allowed. So what to do if NRI invests using domestic bank accounts? Why this is so? ManyRead More

Should you Become a Loan Guarantor?

by Madhupam Krishna

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Sometimes your friend or family may approach you to become a guarantor of the loan. Should you go for it? Any problems being a credit guarantor? Mostly, a loan guarantor is required for unsecured loans. These loans are unsecured means apart from documents, no property or assets are kept as mortgages for the loan. ButRead More