Banking
CENTRAL BANK TIGHTENS ATM CASH WITHDRAWAL NORMS
RBI has decided to end the free access to ATMs of other banks. This new norms would be effective from 15th October 2009. The central bank has put restrictions on the withdrawal and number of transactions per month in a year. As per new norms one can withdraw max. upto Rs.10000/- per transaction from ATMs [...]
BANK OF MAHARASHTRA: UPDATING YOUR PASSBOOK IS A HERCULEAN TASK
In the fast pace of our life every second has is valuable . 21st century is an era of of internet banking. Even a city or district or co-operative banks provides world class services to its customers. but is not the same with Bank of Maharashtra(BOM).
one such incident occured with me which showed its poor [...]
INDIAN MARKET RATES FOR GOLD & SILVER- I
Given below are the gold & silver rates of 10 years from 1956- 1965 required for valuation purposes and calculating tax. This is contributed by CA Final Student Arti Patrikar.
Valuation Date
standard GOLD 24 carats
SILVER 9960 touch
Rate
Per
Rate
Per
02.11.56
106.13
Tola
173.88
100 Tolas
31.12.56
104.44
“
173.69
“
31.03.57
105.69
“
179.88
“
23.10.57
107.59
“
181.75
“
31.12.57
107.56
“
186.38
“
31.03.58
111.13
“
195.75
“
12.11.58
111.56
“
187.00
“
31.12.58
114.53
“
192.56
“
31.03.59
119.53
“
199.94
“
31.10.59
124.00
“
209.75
“
31.12.59
125.44
“
210.25
“
31.03.60
130.34
“
216.56
“
20.10.60
113.65
10 Grams
193.10
1 Kg
31.12.60
114.05
“
194.90
“
31.03.61
119.35
“
202.10
“
08.11.61
124.25
“
207.15
“
31.12.61
119.50
“
211.70
“
31.03.62
119.75
“
219.55
“
28.10.62
117.10
“
223.20
“
31.12.62
104.75
“
209.30
“
31.03.63
166.29
“
238.00
“
17.10.63
102.85
“
238.00
“
31.12.63
102.85
“
250.50
“
31.03.64
108.43
“
260.00
“
04.11.64
114.86
“
259.50
“
31.12.64
119.57
“
267.50
“
31.03.65
123.00
“
280.50
“
DEBT COUNSELLING: AN INSIGHT- I
The recent collapse of the major financial institutions & banks, sub-prime crisis had brought the ‘Debt Counselling’ in to lime light. The bankruptcy of the Bear Stearns, AIG, and Washington Mutual are the examples of the excessive credits given to the people. As a result most of the banks & financial institutions have started Debt [...]