RBI Mandates 15-Day Settlement for Deceased Customers’ Claims — Banks Face Penalties for Delays
– Advertisement – The Reserve Bank of India (RBI) has taken a special initiative to settle claims related to bank accounts and lockers of deceased customers within 15 days. The central bank plans to standardize the forms to settle such cases within the stipulated time frame and compensate the nominees for any delay. RBI has […]
RBI’s Major Announcement: Faster Settlement of Deceased Account Holders in Just 15 Days
– Advertisement – The decisions of the monetary policy meeting of the Reserve Bank of India have come out today. RBI has not made any change in the repo rate. Apart from this, RBI has taken three important decisions to make banking services easy and accessible. These steps are centered on simplifying the claim settlement […]
ITR Filing New Rules: ITR Filing Rules Is it necessary to file Income Tax Return of a deceased person? Who has the right to file such ITR?
ITR Filing New Rules: In the Income Tax Act, even after the death of a person, there is an exemption to file his return. However, for this some legal process has to be followed and the heir gets the freedom to file the return through his PAN card details. As an heir, it is important […]
