SBI RTGS form is required to initiate high-value fund transfers of Rs. 2 lakh or above using the SBI Real Time Gross Settlement (RTGS) system. Customers can download the SBI RTGS form PDF online or collect a physical copy at a branch to authorise the transfer. SBI RTGS ensures secure, same-day settlement of funds between banks.Key Highlights:Modes to get the form: Download SBI RTGS form PDF online or collect it from the branch.Charges: Free via internet banking/YONO; Rs. 20 + GST at branch (Rs.

Gold reserves have been historically significant since the late 1800s and the 1900s. During this period, nations linked the value of their currency to gold, establishing a fixed exchange rate. Even though the gold standard is not as common as before, many countries still keep gold reserves. In fact, the demand for gold is going up because the economy is becoming more unstable. Various countries around the globe maintain gold reserves, which are vital for maintaining their financial security. In this article, you will learn about the countries with the largest gold reserves in the world and their importance.What is Gold Reserve?A gold reserve is a collection of gold bullion kept by central banks and governments.

The Income Tax Department made it mandatory for all taxpayers to link their PAN with their bank accounts. Knowing how to link PAN with bank accounts is essential for receiving income tax refunds and conducting high-value transactions securely. Whether it’s a savings or current account, taxpayers can easily link or pre-validate their bank accounts through the e-filing portal. Key HighlightsPAN can be linked through online or offline modes.Net banking and mobile app methods process instantly or within 24 hours.Phone banking takes up to 2 days for verification.Linking at the branch using a KYC form takes 1–3 working days.How To Link PAN Card With Bank Account Online?There are various ways to link your bank account with PAN card online.Net BankingFollow these steps to link your PAN with your bank account online through Net Banking:Step 1: Navigate to your bank's official website.Step 2: Log in to your Net banking account using your credentials.Step 3: Locate the PAN linking or KYC section on the dashboard.Step 4: Fill the required details from your PAN card.Step 5: Submit your information to complete and confirm the linking process.Bank ApplicationHere's a step-by-step guide to linking your PAN via your bank's mobile app:Step 1: Download your bank’s mobile banking app from the appropriate app store.Step 2: Log in with your mobile banking credentials.Step 3: Search for the PAN linking or KYC option within the app.Step 4: Carefully enter your PAN card details.Step 5: Submit the information and complete any necessary verification steps.How To Link PAN Card With Bank Account Offline?Here are the ways to link your Bank Account with Pan card offline:Phone BankingCall the toll-free customer care number of your bank, which can be found on your bank's passbook, chequebook, pamphlets, or other documents.Navigate through the IVR options and connect with the PAN card customer care executive.Inform the executive about your intention to link your PAN with your account.Provide necessary information such as your account number, address, debit card number, etc., to verify your credentials.Communicate your PAN to the executive and verify that the correct PAN has been recorded.After registration, allow for up to two days for your request to be processed, after which the bank will link your PAN with your bank account.Through Branch VisitHere’s how to link your PAN with your bank account in person at your home branch:Visit your home branch where you maintain your account.Request a PAN Card Update Form, also known as the KYC Form.Accurately fill out all the required fields on the form.Submit the completed form along with a self-attested photocopy of your PAN Card. You may also need to provide a written request to the Branch Manager for updating your PAN details in your account.How to Download Acknowledgement for PAN-Bank Link?Once your PAN has been successfully linked to your bank account, you need to do pan card link with bank account check. Visit your bank's net banking portal or mobile app.Go to the PAN linking section (usually under profile or KYC update).If the linking is successful, you will see a confirmation message or downloadable acknowledgement.Download and save the acknowledgement number of the PAN card for future use, especially for ITR filings.Benefits Of Linking PAN Card With Bank AccountPreventing Duplicate Accounts: Linking your PAN with your bank account helps prevent duplicate accounts and ensures a consistent financial identity across all branches.Ease of Tax Filing: Linking your PAN with your bank simplifies tax filing and ensures you don’t miss out on eligible tax benefits or deductions.Streamlined Tax Refunds: Linking your PAN enables faster tax refunds, directly credited to your bank account, ensuring a smooth and hassle-free process.Income Tax Monitoring: The Income Tax Department uses your linked PAN to track your spending against reported income, aiding in audits and tax assessments.Mandatory for Large Transactions: For financial transactions above ₹50,000, providing your PAN or Form 60 is mandatory, ensuring smooth and compliant processing.Enhanced Security for Large Transactions: Linking your PAN with your bank enhances the security of high-value transactions by adding an extra layer of protection to your financial transfers.Access to Government Benefits: Linking your PAN ensures you receive eligible government benefits and subsidies while avoiding higher TDS deductions on certain incomes.Combating Black Money: In financial dealings, PAN cards are required to help combat the flow of unaccounted or illegal funds, commonly known as black money.Understanding how to link PAN card with bank account is important for anyone filing taxes or receiving subsidies. Whether done via online banking, mobile apps, or offline at the branch, the process is simple and helps avoid refund delays. Linking your PAN with your bank account ensures financial compliance and seamless access to government services.Related PAN Content: PAN Card DownloadLink Aadhaar to PANDuplicate PAN CardPAN Card PasswordInstant PAN Card Through AadhaarPAN Card Apply OnlinePAN Card Customer Care NumberPAN Card Fraude PAN CardWhat to do if you have two PANPAN Card Form 49AAadhaar Card Pan Card Link StatusPAN Aadhaar Link PenaltySurrender PAN Card or PAN Card CancellationCheck PAN Active Or Inactive const userAgent = navigator.userAgent || navigator.vendor || window.opera; const inlineCTAbutton = document.getElementById('inlinebtnLink'); if (/android/i.test(userAgent)) { inlineCTAbutton.href = "https://black-cleartax.app.link/filing-entryscreen" } if (/iPad|iPhone|iPod/.test(userAgent) && !window.MSStream) { inlineCTAbutton.href = "https://cleartax.in/MyAccount/start" } .

The 7th Pay Commission was a body established by the Indian government to introduce changes to the salary structure, pensions, and allowances of central government employees. It replaced the older system of pay bands and grade pay with a new pay matrix system, including raising the minimum salary to ₹18,000, a new fitment factor of 2.57, and a revised structure for allowances and pensions. Key Highlights 7th Pay Commission was set up to update the pay structure and benefits for central government employees and retirees.The beneficiaries include 33 lakh central government employees, 14 lakh armed forces personnel, and 52 lakh pensioners.Key changes include improvement in the current pay structure, changes in allowances, pension revisions, and revision in the fitment factor.The dearness allowance is 55% of the basic salary.What Is 7th Pay Commission Pay Matrix?The 7th Pay Commission introduced a simplified pay matrix to revise the salary structure for over 30 lakh central government employees, replacing the 6th CPC. This table includes 19 pay levels (horizontal) starting with the entry-level pay, which increases as we move along the table (vertically), thus highlighting 40 annual increments for each level. Each level reflects a 3% annual financial progression, and the matrix aligns with the 15th ILC norms, ensuring transparency and consistency in salary calculations.Benefits Of 7th Pay Commission Pay MatrixTake a look at the advantages and features of the 7th pay matrix:The 7th pay commission played a crucial role in minimizing the differences between various pay bands.With this pay matrix fixation, revised pay has been simplified without any further need for calculation.It helps in merging pay bands and grade pay to a composite level.It helps avoid complications with regular promotion, annual progression, span of service, etc. The 7th pay commission pay matrix helped in solving the PB-3 and PB-4 issues.It helps provide a clear and error-free view of the pay system of the Indian Government.It made the administration process streamlined.Entry-Level Pay In 7th Pay MatrixEvery Central Government employee has been eligible for a minimum pay of Rs.18,000 per month. The cabinet has approved the recommendations to raise the minimum pay, allowing employees to receive a significant hike in their existing salaries.Fitment Factor In 7th Pay CommissionThe fitment factor in the 7th Pay Commission acts as the multiplier used to determine the raise in basic salary of the central government employees, while transitioning from the 6th pay commission. The fitment factor during the 7th pay commission was decided at 2.57.

The 8th Pay Commission is expected to be implemented by January 2026, with the aim to revise the salaries of over 50 lakh central government employees and 60 lakh pensioners. The central government, actively collaborating with the state governments on this initiative, will share detailed updates soon. Key HighlightsThe 8th Pay Commission is expected to bring significant salary hikes, revised salary slabs, and updated pay matrix for central government employees and pensioners. Projected salary hike for central government employees is expected between 30-34%.Fitment factor will range between 1.83 and 2.46, directly impacting salary increases.Allowances like DA, HRA, and TA will be recalculated based on the updated basic pay.What is 8th Pay Commission?The 8th Pay Commission, announced by the government, will assess the current salary structure of central government employees. Before the 8th Pay Commission, the 7th Pay Commission introduced a structured pay matrix that replaced the previous grade pay system with levels. Over the years, the pay structure of central government employees has evolved significantly.8th Pay Commission Implementation DateThe 8th Pay Commission is expected to come into effect on 1 January 2026, after the usual gap of 10 years between the Pay Commissions. Its implementation is likely to help about 50 lakh central government employees, including defence personnel, and 65 lakh pensioners.8th Pay Commission Salary StructureBasic Pay: The revised basic salary will be determined by applying the fitment factor to the current basic pay.Allowances: Key allowances, including Dearness Allowance (DA), House Rent Allowance (HRA), and Travel Allowance (TA), will be recalculated based on the updated basic pay.Gross Salary: The total earnings, consisting of the sum of basic pay and allowances, will reflect the overall remuneration of an employee under the new structure.8th Pay Commission Salary HikeThe 8th Pay Commission is expected to bring a significant salary hike for central government employees, with an estimated increase in the range of 30-34%, subject to a projected fitment factor of 1.83 and 2.46. However, the Dearness Allowance (DA) component, currently standing at 55% of basic pay, will be reset to zero once the 8th Pay Commission is implemented. This reset means that while the fitment factor may increase basic salaries substantially, the effective hike will be slightly lower due to the removal of the DA.Example:For instance, an employee with a basic salary of Rs 18,000 could see their salary rise to Rs 32,940 at the lower end of the fitment factor (1.83) and Rs 44,280 at the upper end (2.46).For employees earning a higher base salary, such as Rs 50,000, the revised salary could increase to Rs 91,500 at the lower end and Rs 1.23 lakh at the upper end.8th Pay Commission Fitment FactorExpected to range between 1.83 and 2.46, the 8th pay commission fitment factor will directly impact the basic salaries across all pay matrix levels. A higher fitment factor would lead to significant salary hikes, ensuring better compensation for government employees and pensioners.

The Bank of India RTGS form is a mandatory document for initiating offline Real-Time Gross Settlement (RTGS) transfers. Customers can obtain the form at any BOI branch or complete a Bank of India RTGS form PDF download from the official website. Once filled with beneficiary and remitter details, the form enables secure high-value transfers of Rs. 2 lakh and above.Key HighlightsRTGS transfers are processed in real time. Funds are usually credited within 30 minutes.Inward RTGS is free. Branch-based outward transfers are charged Rs. 25 (Rs.

Punjab National Bank (PNB) provides a secure and efficient way to transfer large sums of money between banks using its RTGS (Real-Time Gross Settlement) service. Customers must submit the PNB RTGS form while initiating an RTGS transaction at a branch. Customers can collect a physical copy of the PNB RTGS form from the branch or download the PNB RTGS form PDF from the bank's website.Key HighlightsRTGS transfers are processed 24×7 throughout the year.Online RTGS via PNB net banking and mobile app is free of cost.Branch RTGS transactions at PNB incur charges of Rs. 25 for amounts between Rs. 2 lakh and Rs.

Canara Bank, one of India’s leading public sector banks, offers personal loans at competitive rates to meet diverse financial needs. The Canara Bank personal loan interest rate is affordable, with transparent charges like processing and documentation fees, making it a smart borrowing option.Key Highlights Canara Bank Personal Loan Interest Rate HighlightsBefore we get into the details about Canara Bank personal loan interest rate 2025, here are a few details to keep in mind when applying for the loan:Feature DetailsCanara Bank personal loan Interest rate (Floating)10.70% p.a. to 15.70% p.a.Canara Bank personal loan Interest rate (Fixed)9.95% p.a. to 15.40% p.a.Maximum Loan Amount (Canara Budget – Prime)A person can get 25 months of their gross salary subject to a maximum of Rs. 30 lakhsMaximum Loan Amount (Canara Budget – Delight)A person can get 25 months of their gross salary subject to a maximum of Rs.

Yes Bank Bank customers who opt for offline Real-Time Gross Settlement (RTGS) must submit the Yes Bank RTGS form at the branch. For convenience, the bank provides the Yes Bank RTGS form PDF online from its official website. Key HighlightsThe Yes Bank RTGS form is mandatory for initiating offline RTGS transactions above Rs. 2 lakh.RTGS transactions are available 24×7, with a short downtime between 11:30 p.m. and 12:03 a.m.Branch RTGS charges are Rs. 25 (Rs.

Axis Bank provides the RTGS (Real Time Gross Settlement) facility for high-value fund transfers. To use this service offline, customers need to fill out and submit the Axis Bank RTGS form at their nearest branch. Customers can complete Axis Bank RTGS form PDF download online from the official website or collect it at a branch.Key HighlightsFor branch transactions, charges are Rs. 25 for amounts between Rs. 2–5 lakh and Rs.