How nominees/legal heirs can claim money from PPF, NSC, SCSS, and other post office deposits

The Ministry of communication, Government of India has made certain amendments to make the process of claiming money from the small savings schemes such as Public Provident Fund (PPF), National Savings Certificate (NSC), Post Office Monthly Income Scheme (PO-MIS), etc.  The process of claiming money has been streamlined by the department via a circular dated…

Lenders should disclose the aggregate amount to be refunded/adjusted as of March 31, 2021: RBI

Reserve Bank of India on Wednesday asked lending institutions to disclose the aggregate amount to be refunded/adjusted in respect of their borrowers based on the Asset Classification and Income Recognition following the expiry of the Covid-19 regulatory package in their financial statements for the year ending March 31, 2021. The above announcement of the central…