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Home » India » Sale of Electoral Bonds, cheaper loans & 4 other major changes commencing from March 1

Sale of Electoral Bonds, cheaper loans & 4 other major changes commencing from March 1

By Newsd
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Sale of Electoral Bonds, cheaper loans & 4 other major changes commencing from March 1

There are several major changes to look forward to which will be implemented from tomorrow. The things which will be changing from tomorrow will have a direct impact on each and every single common man.

Let’s know what will be the change from March 1.

Income Tax will issue e-refunds

The Income Tax Department will only issue e-refunds (via electronic into bank accounts) of taxpayers beginning from March 1. However, all taxpayers should link PAN with their accounts for the purpose. Till now, the department used to issue refunds to taxpayers either in their bank accounts or through account payee cheques, in a case-to-case basis depending on the category of taxpayers.

PNB to cut down MCLR, retail loans to be cheaper

Punjab National Bank (PNB) will reduce benchmark marginal cost of funds based lending rate (MCLR) by 10 basis points (bps) across various tenures from March 1. The reduction will make home, car and other retail loans cheaper.

Sale of electoral bonds in 29 branches of SBI

In March, electoral bonds will start selling in State Bank of India. The 29 branches of SBI have been authorized to issue these bonds, which include branches of New Delhi, Gandhinagar, Patna, Chandigarh, Bengaluru, Bhopal, Mumbai, Jaipur, Lucknow, Chennai, Kolkata and Guwahati.

Allahabad bank to cut down MCLR, retail loans to be cheaper

Allahabad Bank, will reduced its marginal cost-based lending rate by 10 basis points across maturities effective March 1. As a result, home, car loans and other retail loans are slated to get cheaper. New rates will be 8.15, 8.25, 8.45, 8.50, 8.65 and 8.95 percent, respectively.

LIC to digitize all its services

From March 1, 2019, LIC is going to digitize all its services.  Every customer will be given information related to policy premium, policy maturity, policy hold, through automated SMS. LIC will also alert its customers if the premium is not deposited.

How To Register Mobile Numbers

You can call the LIC agent to register your mobile number. You can register at LIC’s website by clicking on www.licindia.in/Customer-Services/Help-Us-To-Serve-You-Better or by calling helpline number 022-68276827. You do not need to go anywhere for this. But, before March 1, 2019, do both of these works.

UGC NET June 2019 Registration Process to commence

The National Trial Agency (NTA) will organize UGC NET in June and online registration for Assistant Professor and JRF Eligibility Examination will commence from 1st March. The exam is scheduled to be held on 20, 21, 24, 25, 26 and 28 June 2019.

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