A look at recent rulings which can affect you

A look at recent rulings which can affect you.

From March 2015, you will get a consolidated account statement (CAS) of your investments in mutual funds as well as stocks if you have a demat account.
The re-launched KVP offers 8.67% interest and will double the principal during its maturity period of 100 months.
Under the law, all financial institutions in India are required to furnish information about US residents' financial accounts or investments to the US tax department.
A look at recent rulings related to banking, capital market and insurance sector that can affect you.
The Reserve Bank of India (RBI) has allowed Indians to buy properties abroad under the Liberalised Remittances Scheme (LRS) facility.
The new norms also bar directors from taking call and futures bets on the company's shares.
State Bank of India, Axis Bank and HDFC Bank have decided to charge its customers beyond five transactions in a month.
Kotak Mahindra Bank has launched a money transfer application called KayPay that allows you to transfer money to people on your Facebook friend list
ICICI Bank has recently launched a facility under which an account holder can transfer funds to another person even if the latter does not have a bank account.
The government has floated the concept of payment banks and small banks to further the cause of financial inclusion.

For seven to 60 days tenure, the interest rate has been reduced to 6.25%, while for tenure of 61 days to less than 1 year, the same has been reduced to 6.75%.