No PAN, no purchase allowed - not even with Form 97; PAN is now mandatory for these high value transactions under new tax rulesNew Income Tax Rules, 2026, effective April 1, 2026, mandate PAN for several high-value transactions. Form 97 replaces Form 60, but its use...
28 Apr, 2026, 02.21 PM IST
ET Prime Special Series: Multibagger or Bankrupt – Part 55: This old-economy giant helped power India’s past. Its big test lies aheadSome companies face disruption at the level of products. Others face it at the level of technology. That is what makes this story more comp...
22 Apr, 2026, 08.42 PM IST
CBSE two exam system 2026: Check eligibility for second board exam, direct link, how to apply, fee payment and other key details hereCBSE introduces two exam: The CBSE second board examination scheme rolled out for Class 10 students will be rolled out in the 2026 cycle in...
16 Apr, 2026, 03.15 PM IST
Invested in MFs for a minor? Process to follow for investments when a child becomes an adultEven while the child is a minor, the ownership of the units vests in the minor, and the guardian can carry out transactions on behalf of th...
03 Apr, 2023, 06.30 AM IST
PNB to use Positive Pay System for cheques above Rs 5 lakh from April 5, 2023From April 4, 2023, Punjab National Bank (PNB) will implement the Positive Pay System (PPS) for cheque payments above Rs 5 lakh. High-value...
15 Feb, 2023, 05.09 PM IST
Traders move to Nirmala Sitharaman over 40 lakh pending cases on bounced chequesIn a letter addressed to Finance Minister Nirmala Sitharaman, the Confederation of all India Traders (CAIT), has suggested the formation of...
07 Feb, 2020, 09.38 AM IST
Auditors' report to I-T should have property dealing detailsThe amended rules will come into effect from July 19, 2017 and will apply for the assessment year 2017-18 for which the returns would be fi...
06 Jul, 2017, 01.32 PM IST
Banks to share all transaction details in standard formatThis follows intelligence agencies laying emphasis on a standardised format for sharing of information by the banks, official sources said ...
18 Apr, 2016, 12.31 PM IST
Four steps to secure unclaimed mutual funds paymentsSebi says such funds have to be invested by fund house in shortterm debt instruments. Net asset value of these funds is also calculated.
01 Sep, 2014, 09.26 AM IST
Deadline ends, old cheques make way for safe, fast CTSThe deadline for switching to new format bank cheques under the cheque truncation system (CTS) ended on Wednesday.
01 May, 2014, 02.07 PM IST
RBI extends deadline for issuance of new format chequesThe RBI asks banks to issue new cheque books only under the new format and gave them time till July-end to withdraw the old format cheques.
18 Mar, 2013, 11.27 PM IST
NRIs, get ready to order new India cheque booksRBI has introduced a new format for cheques, the CTS-2010 Standard as part of its measures for enhancement of security features.
31 Dec, 2012, 07.48 PM IST
Check your cheque status, only those in new format will be honoured from January 1Get a new cheque book before the New Year. Here are the features of new cheques & what you need to do before the year ends.
03 Dec, 2012, 06.02 PM IST
- RBI asks banks to issue cheques with uniform features by September 30
The Reserve Bank today directed all banks to issue cheques with uniform features conforming to Cheque Truncation System (CTS) 2010 standard...
03 Sep, 2012, 09.40 PM IST
- IIT loses 20L in fraud, cops suspect insider
IIT Delhi has registered an FIR with the Vasant Vihar police alleging that Rs 975,000 has been fraudulently withdrawn from its account with...
12 Nov, 2011, 10.23 AM IST
- Cheques to have more security features: RBI
Cheques will have more security features like water marks and invisible logo with the Reserve Bank of India (RBI) deciding to ask banks to ...
24 Feb, 2010, 11.11 AM IST
- RBI firm on hiving off clearing operations despite protests
The Reserve Bank of India (RBI) plans to go ahead with its decision to “hive off” its clearing operations from itself.
22 Jun, 2006, 12.00 PM IST