Code of Bank's commitment to Customers

Many of us might be interested to know what exactly is the code of bank's commitment to customers............

For those who are looking for the answer and also about various rules and regulations about banking in India, here's the link........

Click here

Yesterday, the 17th day of July 2007, was a memorable day for about 20 employees in Cricinfo (which includes me too).

We were all awarded for "Long Term Achievement".

Those who had completed 4 yrs and 6 yrs of service were complemented with Tropy; and 4 & 6 gms of Gold Coin respectively (and of course, respectfully :-).

Investing in Mutual Funds ? - Impossible without Income Tax Permanent Account Number:

Till July 1,2007, only those people who invested in Mutual Funds for amounts more than Rs. 50,000 were needed to quote their IT PAN on the application. To avoid quoting this number and to be on a safer side, our people were wisely splitting the investments in to various parts either in their names or in the names of their relatives.

But, how long the Govt will sleep ?

Quoting IT PAN has been made mandatory by SEBI with effect from 2nd July 2007 for Capital markets and Mutual Fund investments irrespective of the amount of investment.

So, whether the investment is in your name or other's name, it doesn't matter anymore.

Photocopy of the PAN Card of the applicant has to be attached along with the application, without which it can't be processed.

It means that, if you want to invest but don't have PAN, you can do so only after applying for PAN. Of course, photocopy of acknowledged PAN application can be attached alongwith the investment application till the time you are allotted the number.