Currently the easiest way to open a bank account is opening a Salary Account through the Company. Just fill the form, give a photo and company gives a letter and presto the account is openned. But finding fault in this process of opening accounts without proper KYC norms, RBI has asked banks to ensure that … Read more
RBI has issued new guidelines for credit of inward fund transfer for NEFT/RTGS/ECS Credit and debit in case of ECS Debit. To ensure straight-through processing and quicker credit/debit and return, RBI has allowed banks to credit the incoming NEFT/RTGA/ECS solely based on the account number in the instruction. Beneficiary Banks are not required to manually … Read more
Just read a new update on China opening a new High-Speed Rail Line between Shanghai & Hangzhou. It was amazing to see the country progress so well – building high-speed rail networks to transport people across the country. But 2 things caught my eye: 1. The Current time taken to cover this distance of 202KM … Read more
SEBI has increased the maximum amount applicable for retail investors from Rs.1 Lakh to Rs.2 Lakh. There are both positives & negatives of this move. Positive: – It will increase the subscription amount in Retail Category with more investors using the ceiling amount of Rs.2 Lakh Negative: – It will reduce the allocation of shares … Read more
Got to see the FDFS – First Day First Show of Enthiran Movie at Albert Theatre (8AM) in Chennai today. Atmosphere – great, so much noise outside and during the start of the movie. After the movie had a tough time getting out of the theatre complex – too much crowd & noise. About the … Read more