A bank guarantee is a financial assurance provided by a bank on behalf of its customer. It serves as a guarantee that the bank will fulfil the financial or contractual obligations if the customer fails to do so. In simple terms, if you're wondering what is bank guarantee or looking for the bank guarantee meaning, it is a promise by the bank to cover losses incurred by a third party due to the non-performance or default of its customer. Bank guarantees are widely used in business and trade to:Secure credit-based purchases,Fulfil tender conditions,Back up performance in contracts, andEnhance credibility during negotiations.Meaning of Bank GuaranteeA bank guarantee is a formal assurance given by a bank on behalf of its customer, committing to cover the financial loss if the customer fails to meet specified contractual obligations. It acts as a safety net for the beneficiary, typically used in high-value or high-risk transactions where trust needs to be reinforced.In simpler terms, bank guarantee meaning refers to a bank's promise to step in and pay the beneficiary if the customer defaults. This provides financial security to the third party (beneficiary) and allows businesses or individuals to enter agreements with greater confidence.Example of Bank GuaranteeLet’s say XYZ Ltd., a newly launched textile company, wants to purchase raw fabric worth ₹1 crore.

Charitable institutions are eligible for certain tax exemptions and benefits in India. These exemptions and benefits are dealt with under Sections 12A/12AA and 80G of the Income Tax Act, of 1961. To continue obtaining the benefits, the institutions availing themselves of these exemptions and benefits had to revalidate their registrations under these two sections before August 2020. This revalidation process focuses on whether the charitable activities of the institution, trust, or NGO are genuine or not. Amendment Finance Act 2020The Finance Act, 2020, which mandates the revalidation of charitable institutions registered under Sections 12A/12AA and/or 80G of the Income Tax Act, 1961. On the 26th of March 2021, the CBDT notified the Income-Tax (6th Amendment) Rules, 2021, which states the procedure for fresh registration and the list of documents required for organisations registered under Section 12A/12AA/80G.  Due to Covid-19, deferred the start date to 1 October 2020, and the charitable institutions had to re-apply for registration by 31 December 2020. Thus, the institutions and trusts with existing registrations under Section 12A/12AA or/and 80G should file the application for fresh registration within three months from 1 April 2021, i.e. before 30 June 2021, as per the Income-Tax (6th Amendment) Rules, 2021.Section 12A of the Income Tax Act, 1961Registration of trust or charitable institutions under section 12A/12AA certifies that the Income Tax authorities recognise the registered institution or trust as having been incorporated or established for a charitable purpose.The effect of such recognition is that the respective institutions are exempted from paying income tax, subject to the satisfaction of certain other compliance requirements as per law.Section 12A deals with institutions and trusts registered before 1996, and Section 12AA deals with institutions and trusts registered after 1996.

Permanent Account Number (PAN) is the 10-digit alphanumeric code which is unique to every individual and non-individual. It is a nationalised identity card. This ID card is essential for any financial transaction and activities, such as paying taxes and filing ITR. Certain fees and charges are required to apply for a PAN card or make any amends to it. What is the Fee for PAN Card 2025?The PAN card fees for a new PAN card or updated PAN card vary depending on whether you require a physical PAN card or not and the mode of submission of the PAN card application. The PAN card fees for Indian addresses are provided in the table below:ParticularsMode of submission of PAN card applicationFees (inclusive of applicable taxes)When a physical PAN card is requiredPAN application is submitted at TIN facilitation centres/ PAN centres or online using physical mode of document submissionRs.

A comprehensive schedule of the days that public institutions, schools, and government offices in the state would be closed is provided by Tamil Nadu Government Holidays 2025. These holidays, which are important to Tamil Nadu's culture and customs, include state-specific festivals, national holidays, and religious celebrations. In the state, well-known festivals including Pongal, Tamil New Year, and Deepavali are widely observed and officially recognized. To assist you in making plans, this page offers a thorough list of Tamil Nadu government holidays for 2025.List of 2025 Government Holidays in Tamil Nadu:Date Occasion01 January 2025New Year14 January 2025Pongal15 January 2025Thiruvalluvar Day16 January 2025Uzhavar Thirunal26 January 2025Republic Day30 March 2025Telugu New Year31 March 2025Idul Fitr10 April 2025Mahavir Jayanti14 April 2025Tamil New Year14 April 2025Dr Ambedkar Jayanti18 April 2025Good Friday01 May 2025May Day07 June 2025Bakrid / Eid al Adha28 June 2025Fourth Saturday06 July 2025Muharram15 August 2025Independence Day16 August 2025Janmashtami05 September 2025Eid e Milad01 October 2025Maha Navami02 October 2025Vijaya Dashami02 October 2025Mahatma Gandhi Jayanti21 October 2025Diwali25 December 2025Christmas DayRelated Articles:1. Government Holidays 20252.

The official Punjab government holidays list for 2025 includes national, state-specific, and cultural festivals observed across the state. On these days, most government offices, schools, and banks in Punjab remain closed. The full list of Punjabi government holidays for 2025 is provided in this guide to keep you updated and enable you to efficiently manage your personal and business schedules.List of 2025 Government Holidays in PunjabBelow is the complete list of Punjab government holidays 2025, including public, national, and state-specific observances declared by the Punjab state government.Date Occasion06 January 2025Guru Gobind Singh Jayanti26 January 2025Republic Day03 February 2025Vasanth Panchami12 February 2025Guru Ravidas Jayanti26 February 2025Maha Sivaratri14 March 2025Holi31 March 2025Idul Fitr06 April 2025Ram Navami10 April 2025Mahavir Jayanti13 April 2025Vaisakh14 April 2025Dr Ambedkar Jayanti18 April 2025Good Friday30 May 2025Sri Guru Arjun Dev Ji’s Martyrdom Day07 June 2025Bakrid / Eid al Adha11 June 2025Sant Guru Kabir Jayanti15 August 2025Independence Day16 August 2025Janmashtami02 October 2025Vijaya Dashami02 October 2025Mahatma Gandhi Jayanti21 October 2025Diwali05 November 2025Guru Nanak Jayanti25 November 2025Sri Guru Tej Bahadur Ji’s Martyrdom Day25 December 2025Christmas Day27 December 2025Guru Gobind Singh JayantiThe above list of Punjab government holidays 2025 helps you stay updated with official non-working days across the state. Whether you're planning business operations, school calendars, or personal travel, this holiday list in Punjab for 2025 ensures smooth scheduling around public holidays in Punjab. Keep this calendar handy for reference throughout the year.Related Articles:Government Holidays 2025Government Holidays Telangana 2025Government Holidays Andhra Pradesh 2025Government Holidays Karnataka 2025Government Holidays Maharashtra 2025Government Holidays Delhi 2025Government Holidays West Bengal 2025Government Holidays Tamil Nadu 2025Government Holidays UP 2025Government Holidays Gujarat 2025Government Holidays Bihar 2025Government Holidays Assam 2025Government Holidays Odisha 2025Government Holidays Haryana 2025.

The ICICI saving account interest rate for 2025 ranges from 2.75% to 3.50% per annum, depending on the end-of-day account balance. For balances below ₹50 lakh, the ICICI bank saving account interest rate is 2.75% p.a., while balances of ₹50 lakh and above earn 3.25% p.a. These ICICI bank interest rates on savings account are applicable across most savings variants and are credited quarterly.End-of-Day BalanceInterest Rate (% p.a.)Less than ₹50 lakh2.75%₹50 lakh and above3.25%Read on to explore the latest ICICI bank interest rates on savings account, account features, minimum balance requirements, and associated charges.ICICI Bank Savings AccountAn ICICI Bank savings account provides secure, flexible banking with access to a wide range of services, including mobile banking, internet banking, and debit card facilities. ICICI Bank offers various savings account types tailored to different needs—such as for individuals, senior citizens, salaried employees, and students.Each ICICI Bank savings account comes with benefits like free fund transfers, cashback offers, and personalised debit cards. With competitive ICICI bank interest rates on savings account and robust digital access, it ensures seamless management of your day-to-day finances.ICICI Bank Savings Account Interest Rate 2025As of 2025, the ICICI Bank savings account interest rate is 3.00% p.a.

Paytm Wallet stands as a digital powerhouse in today's landscape. Its versatile features spanning across 12 million storefronts, UPI transactions, and seamless bill payments make it an indispensable tool in the digital age. The Paytm Wallet streamlines your financial transactions, from mobile recharges to settling credit card bills. One standout feature of the Paytm platform is the ability to transfer funds effortlessly to any bank account, whether yours or someone else's, without incurring extra charges. In this article, we will guide you through the simple steps of how to transfer money from Paytm wallet to bank account.Transfer Money from Paytm Wallet to Bank AccountIf you have received cashback in your Paytm Wallet and are unsure of how you can utilise it, here’s the answer. You can transfer your Paytm balance to your bank account.There are two primary ways in which you can utilise your Paytm balance.

The Tamil Nadu Chief Minister launched the 1000 Rupees Scheme or the Kalaignar Magalir Urimai Thogai Scheme to provide monthly financial assistance for women. This assistance helps women be financially independent and provide for their expenses. This article covers about the Kalaignar Magalir Urimai Thogai Scheme, its eligibility, documents required and application process.Kalaignar Magalir Urimai Thogai SchemeThe Tamil Nadu (TN) Government launched the Kalaignar Magalir Urimai Thogai (Kalaignar Scheme for Right of Women), or 1000 Rupees scheme, in Kancheepuram, the hometown of C N Annadurai on his birth anniversary on 15 September 2023.Under the Kalaignar Magalir Urimai Thogai Scheme, the TN Government provides financial assistance of Rs.1,000 every month to the women residents of Tamil Nadu. The TN Government identified around 1.06 crore women beneficiaries under the scheme. The TN Government received 1.63 crore applications for the scheme, and 1.06 crore women were shortlisted as beneficiaries after verification based on the eligibility criteria. The TN Government released the funds of Rs.1,000 to the eligible beneficiaries, and the financial amount was deposited in their bank accounts through a Direct Benefit Transfer (DBT) for September. Since the financial assistance is directly transferred into the beneficiaries’ bank accounts, it ensures a streamlined and efficient distribution process. The TN government also issued ATM cards to eligible women to withdraw the allocated amount as needed.

A person resident in Bihar may apply and obtain the Domicile Certificate Bihar for various purposes. The Bihar domicile certificate indicates that an individual is a permanent resident of Bihar state. Read on to know more about the Domicile Certificate Bihar, its eligibility, process to apply, documents required, download process and more.Domicile Certificate BiharA domicile certificate proves the person's residential status in a state. The domicile certificate in Bihar is required to avail benefits of various Bihar government schemes. The Circle Officer, Village Administrative Officer (VAO) or Revenue Inspector issues the domicile certificate in Bihar.Domicile Certificate Eligibility in BiharPersons staying in Bihar for the last 3 years.Persons having their own property, house or land in Bihar.Married women whose husbands are residents of Bihar. Minors whose parents are residents of Bihar.Persons whose names are enrolled in the country’s voters list.How to Apply for a Domicile Certificate in Bihar?Eligible applicants can apply for Bihar domicile certificates either online or offline.How to Get a Domicile Certificate Online in Bihar?Step 1: Visit the official website of RTPS.Step 2: Click the ‘Apply Online’ tab and select the ‘RTPS Services’ option.Step 3: Select the 'General Administration Department' option, click on the 'Issuance of Residence Certificate' option, and select the 'Block Level' option.  Step 4: Fill out the ‘Application Form for issuance of  Residence Certificate from Revenue Officer Level’ and click the ‘Proceed’ button.Step 5: Check the application form preview and click the ‘Submit’ button.Applicants will get an application reference number to track the status of the domicile certificate application.How to Get a Domicile Certificate Offline in Bihar?Applicants should visit the Circle Officer, Village Administrative Officer (VAO) or Revenue Inspector and collect the domicile certificate application form. They must fill out the form and submit it along with the required documents and processing fees at the respective Right to Public Service (RTPS) counters. The authorities will verify the details and provide the application reference number for future reference.Is a Domicile Certificate Compulsory in Bihar?A domicile certificate is an essential legal document to avail of several benefits given to Bihar state residents.

The LIC Bima Sakhi Yojana is scheme which empowers rural women by training them to become insurance agents (Bima Sakhis) with fixed stipends and commissions. This also improves insurance accessibility in rural areas. Learn more about the LIC Bima Sakhi Yojana, apply online, eligibility and more.LIC Bima Sakhi YojanaOn 9 December 2024, Prime Minister Narendra Modi launched the LIC Bima Sakhi Yojana, a government-backed transformative scheme by the Life Insurance Corporation (LIC). The Bima Sakhi Yojana by the LIC is a stipendiary scheme exclusively for women. It empowers rural women financially by creating new livelihood opportunities and contributing to the broader goal of financial inclusion by making insurance accessible in rural areas across India.Under this scheme, training is provided to eligible women for 3 years on LIC’s insurance products, financial literacy tools and policies and the need for insurance. They will receive a stipend during the training period, i.e.