From LIC to Income Tax to Home, Auto, Personal Loan Rates, these 6 big developments may impact you from today

LIC, Income Tax and Home Loan, Auto Loans Rates Latest Updates: Significant changes in connection to income tax, bank and election-related matters have come into effect from today. From March 1, six rules that concern the common man has been changed. These rules are directly connected to people’s lives. While the Income Tax Department has issued new rules in connection to e-bank accounts, loan rates of some banks have become cheaper. There has been a big change for LIC customers also.

LIC change

From today, LIC will send information about policy premium, due date, payment in bank account upon maturity to the customer through automated SMS. The LIC will send reminders to the customers for due premium payments. If you have received any SMS from LIC, then understand that your number is registered with LIC. If not, you have to register your mobile number with the insurer. It is also important to link your the bank account with the policy.

PNB home, auto loans get cheaper

PNB has decided to cut the interest rate by 0.10 percentage points. This deduction will apply to loans of different tenures, starting March 1.

Allahabad bank loan gets cheap

Soon after coming out of the RBI’s PCA Framework, Allahabad Bank decided to cut MCLR rate by 0.10 per cent. This deduction will come into effect March 1, making cheaper the home, car and other retail loans.

Income Tax e-refunds

The income tax department will release only e-refunds from today. For this, IT return filers should link their bank account with PAN.

Buy electoral bonds

Electoral Bond i.e. the sale of election bonds starts this March. The sale of electoral bonds will be in SBI’s branches. As many as 29 branches of SBI have been authorized to issue these bonds. Some of these SBI branches are at New Delhi, Gandhinagar, Patna, Chandigarh, Bangalore, Bhopal, Mumbai, Jaipur, Lucknow, Chennai, Kolkata and Guwahati.

UGC Net registration process

The National Testing Agency (NTA) will organize the UGC NET exam in June and online registration for Assistant Professor and JRF Eligibility Examination has started from today. The exam is scheduled to be held on 20, 21, 24, 25, 26 and 28 June 2019. There will be two papers and both the papers will be held in three hours.


Source:- zeebiz