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  RBI Canceled the license of these 8 banks, will not be able to do transactions. Reserve Bank also imposed penalty 114 times The licenses of eight co-operative banks have been canceled by the RBI in the financial year 2022-23 ending on March 31. Reserve Bank has also imposed penalty 114 times on these banks for not following the rules. Let us tell you that banking service has expanded rapidly in rural areas through co-operative banks. But due to the irregularities coming to the fore in these banks, RBI had to take drastic steps. Allegations of negligence in rules Co-operative banks are facing interference from local leaders apart from dual regulation and weak finance. The Reserve Bank has started cracking down on co-operative banks, which are negligent in the rules. Permits of eight banks have been canceled in the last one year. Let us know which banks’ permits were canceled by RBI? Licenses of these banks were canceled 1. Mudhol Co-operative Bank 2. Milath Co-Operative Bank 3. Sh...

  The monetary policy meeting of the RBI is scheduled to conclude on April 6. After which the change in the repo rate will be announced. But before this many banks have increased the interest rates of Fixed Deposit (FD). Bank FD Rates : The Reserve Bank of India’s monetary policy meeting (RBI MPC Meeting) will end tomorrow. Only after that a change in the repo rate can be announced. Explain that the EMI of the loan increases when the repo rates increase. At the same time, the interest of fixed deposits increases. But before this, two banks have increased the interest rates of FDs (Fixed Deposit Interest Hike). City Union Bank and Canara Bank are included in this list. Let’s take a look at their interest rates. City Union Bank FD Private city lender City Union Bank has increased the interest on FD. There has been an increase in the interest rates available on FDs of less than Rs 2 crore. General customers will get 7 percent interest on the 400 day scheme. At the same time, senior ci...

 Pan Card Users: The month of April has started. From LPG to the price of milk and many rules of the government department, everything has changed. For some, the Government of India has fixed the last date of this month. One of the same is the linking of Aadhaar card with PAN card. In fact, information has been given by the Central Board of Direct Taxes (CBDT) that if the PAN holders do not follow the instructions given by the government till June 30, then their business and tax related facilities will stop working. Simply put, their account will be banned. There are 13 crore people whose PAN-Aadhaar has not yet been linked. Now the government has rung the alarm bell for these people and has also fixed the last date for linking. The chance is till 30 June. References:   h ttps://www-rightsofemployees-com.cdn.ampproject.org/v/s/www.rightsofemployees.com/pan-card-holders-account-ban-big-news-account-of-these-13-crore-customers-with-pan-card-will-be-banned-4561/?amp=1&am...