NPCI PAN BANK ACCOUNT LINKING
Indogulf Cropsciences IPO allotment to be finalised today. Check status, GMP and other details
Indogulf Cropsciences will finalize its Rs 200-crore IPO allotment. Shares are expected to list on NSE and BSE on Thursday. The IPO was subscribed 27.17 times, showing strong investor interest. Retail investors, QIBs, and NIIs oversubscribed their portions. The company will use the funds for working capital, debt reduction, and a new plant. Allotment status can be checked online.
Higher policy transmission likely as share of floating rate loans rises: RBI
The Reserve Bank of India (RBI) anticipates more effective monetary policy transmission due to the increasing share of floating rate loans, which reached 75.7% in March 2025. Increased inter-bank liquidity, through measures like open market operations and CRR reductions, further supports faster transmission to financial and credit markets.
PM Kisan Aadhaar name mismatch: You will get Rs 2,000 instalment only if Aadhaar name matches
Farmers are anticipating the 20th PM-Kisan installment, expected in early July 2025. Beneficiaries must ensure their names match Aadhaar records to avoid payment delays. The government facilitates name corrections through face authentication via the PM-Kisan Mobile App or bio-authentication at CSC centers, urging farmers to verify their status and complete eKYC.
July 1: From PAN, credit card, bank charges to fuel ban, here’s what’s changing for Indians next month
Get ready for changes starting July 1, 2025. Aadhaar is a must for PAN applications. The ITR filing deadline is extended. SBI Card revises credit card rules. HDFC Bank introduces charges on digital spends. ICICI Bank updates ATM fees. Delhi enforces a fuel ban on older vehicles. Railway fares will see a slight hike. Tatkal ticket booking requires Aadhaar.
HDB Financial Services IPO allotment today. Check status, GMP and other details
HDB Financial Services IPO allotment Date: Investors await the HDB Financial Services IPO allotment status, expected soon. The IPO saw strong subscription across all categories. Refunds are set to begin on July 1. Shares will be credited to demat accounts the same day. The stock is scheduled to debut on BSE and NSE on July 2, 2025. The company's GMP is around Rs 57.
Slice SFB aiming to close FY26 in the black; not looking to raise any capital
The entity, which came out of a surprising merger between the fintech Slice and the North East SFB a few months ago, is adequately capitalised and not looking to raise any capital, its executive director Rajan Bajaj told PTI.
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Train tatkal booking with Aadhaar OTP, ATM charges, EPFO deadlines: Four money changes from July 2025
July 2025 brings financial and service changes impacting bank customers, train travelers, and EPF members. Axis Bank and ICICI Bank are revising ATM fees and service charges. Indian Railways mandates Aadhaar authentication for online Tatkal bookings, with stricter OTP verification rolling out mid-month. The government will also announce new interest rates for small savings schemes.
Can you download Form 16, Form 16A, other TDS certificates from TRACES website if your tax has been deducted?
Taxpayers cannot directly download Form 16 or 16A from the TRACES portal; only deductors like employers or banks are authorized to do so. While taxpayers can't access these forms directly, they can monitor their Form 26AS to verify TDS deductions.
Kalpataru IPO allotment expected today. Check status, GMP and other details
The allotment status for Kalpataru Limited's ₹1,590 crore IPO is expected to be finalized today. The IPO, priced between ₹387 and ₹414, saw strong institutional interest, raising ₹708 crore from anchor investors. Investors can check their allotment status online via Link Intime or the BSE website.
ED lens on Himachal's asst drug controller for 'favouring pharma cos, political link'
The Enforcement Directorate has frozen over 40 bank accounts linked to Nishant Sareen, an assistant drug controller in Himachal Pradesh, amid a money laundering probe. Sareen is accused of accepting bribes and using political connections to favor pharmaceutical companies. The investigation revealed suspicious financial transactions and unaccounted assets, including luxury vehicles and properties, linked to Sareen and his family.
Axiom-4 lifts off; US targets student privacy
After multiple delays, Axiom-4, carrying Indian astronaut Shubhanshu Shukla and three others, lifted off. This and more in today’s ETtech Top 5.
NPCI reports 42% jump in FY25 profit; revenue grows to Rs 3,270 crore
NPCI generates revenue primarily by operating digital payment infrastructures such as UPI, IMPS (Immediate Payment Service), AePS (Aadhaar-enabled Payment System), BBPS (Bharat Bill Payment System), and NCMC (National Common Mobility Card). It earns a percentage of the transaction value processed by partner banks.
UPI with international number? SIM cards from these 12 countries can now be used for UPI by IDFC First Bank customers free of cost
IDFC First Bank has launched UPI services for its NRI customers, enabling them to make payments in India using their international mobile numbers. This free service is available to NRE and NRO account holders from 12 countries, allowing them to link their accounts to UPI-enabled apps like Google Pay, PhonePe, Amazon Pay UPI and others. Read below for details.
In Swiss they trust, though the banks are not as cool as before
Indian money in Swiss banks increased significantly in 2024. The rise is attributed to NRIs and wealthy individuals moving funds. UK's new tax rules are prompting the shift. Switzerland remains a trusted financial hub. Global regulations and geopolitical factors also play a role. Enhanced reporting standards increase visibility of holdings. Families seek estate planning and tax benefits.
EPFO member may soon be able to withdraw EPF money through ATMs, UPI directly
Employees' Provident Fund Organisation subscribers might soon access their EPF money directly. They can use ATMs or UPI after linking bank accounts. The labour ministry is working on this project. A portion of the EPF will be frozen. A large part will be available for withdrawal. The EPFO is resolving software challenges.
SBI net banking may fluctuate during this time DAILY: Know when
State Bank of India users, take note. Net banking services may face interruptions. These fluctuations will occur daily due to routine maintenance.
Documents for ITR filing FY 2024-25 (AY 2025-26): Eight documents you need to file income tax return
Documents for ITR Filing 2025: The process of filing an income tax return begins with collecting the required documents and other necessary information. We have compiled a list of eight essential documents that you will need to collect to initiate the ITR filing process this year. Know the documents that you need to collect.
UGRO Capital elevates Anuj Pandey to CEO
UGRO Capital, a datatech NBFC specializing in MSME lending, has appointed Anuj Pandey, currently the Chief Risk Officer, as its new CEO. Pandey, a founding team member, will oversee pan-India MSME operations, digital platforms, and partner ecosystem. This leadership transition occurs as UGRO surpasses ₹12,000 Crores AUM and expands its reach.
Arisinfra Solutions IPO allotment status expected today; here’s how to check
Arisinfra Solutions' Rs 500 crore IPO allotment is expected to be finalised today, after a subscription of 2.80 times. Retail investors showed strong interest, subscribing 5.90 times their portion. The company intends to use the IPO proceeds for debt repayment, working capital, and investment in its subsidiary. Shares are expected to be credited by June 24.
How to merge multiple PF accounts?
Salaried employees often end up with multiple Provident Fund (PF) accounts due to job changes over the course of their careers. Since each new employer creates a separate PF account, it becomes essential to consolidate them into a single account.
RBI-led initiative to curb digital frauds gains momentum, banks roped in to set up DPIP
To combat the surge in digital payment frauds, major Indian banks are collaborating with the RBI to develop the Digital Payment Intelligence Platform (DPIP). This Digital Public Infrastructure aims to enhance fraud risk management through real-time intelligence sharing, preventing fraudulent transactions. The RBI Innovation Hub is building a prototype, leveraging advanced technologies.
Retail Direct: RBI enables auto-bidding facility using NACH mandate for investing in T-Bills; Know how it will work
The Reserve Bank of India has introduced an auto-bidding facility for investing in Treasury Bills (T-bills) through the RBI Retail Direct platform. This new feature allows investors to set conditional orders based on their preferences, such as T-bill tenor and bid amount, which are automatically executed when the bidding window opens. Read below to know ow it works.
Bank holiday today: Are banks open or closed today on June 21, 2025? Check Now
Saturday bank holiday today: Indian banks observe holidays based on national and regional events, with Sundays and the second and fourth Saturdays of each month being non-working days.
Why do Indians still increasingly rush to Swiss banks to park their money?
Swiss banks have long been a subject of political debate in India over alleged black money. However, experts argue that these institutions serve broader financial purposes. Former finance minister Arun Jaitley had said, “Not all Swiss bank money is dirty.” The country's financial stability, favourable trust laws, and investor privileges continue to attract legitimate wealth.
NPCI introduces real time PAN-Bank Account linking on income tax website; taxpayers may get faster income tax refunds
NPCI has launched a new PAN and Bank Account Validation API for government departments, enabling real-time verification of taxpayer details directly from banks' Core Banking Systems. This initiative aims to streamline income tax refunds and direct benefit transfers by ensuring faster, error-free processing and reducing fraud risks. Banks are advised to prioritize implementation for the Government of India.
Faster salary credit, SIP debit, EMI payment and more under new NACH 3.0 system by NPCI from July 2025, know more
Starting from July 2025, the NACH 3.0 system can bring faster salary credits, EMI payments, and mutual fund SIP processing. NPCI's update includes enhanced security, improved user interface, and optimized file handling. Consumers will benefit from quicker transaction times, real-time monitoring, and more secure data protection, minimizing errors and improving overall experience.
Aadhaar must for new PAN card
From July 1st, the Central Board of Direct Taxes will mandate Aadhaar authentication for new PAN card applications to enhance accountability and compliance in tax filing. This move aims to curb tax evasion by preventing the issuance of multiple PANs to individuals and misuse for fraudulent GST registrations.
UPI transactions are faster as NPCI speeds up UPI online payment time to 10-15 seconds: How this impacts GPay, PhonePe, Paytm UPI users
UPI Online Payment: Starting June 16, 2025, UPI transactions will become faster due to NPCI's software update, significantly reducing API response times. This enhancement, cutting response times by up to 66%, promises quicker merchant payments and faster reversals. Experts suggest this optimization will improve user experience and potentially lower long-term costs for banks. Read below to know what this UPI API change means for consumers.
UPI transactions to become faster from Monday
UPI transactions are set to become faster as NPCI mandates a reduced response time of 10 seconds for payments, effective Monday. This aims to improve customer experience, alongside a new limit of 50 daily account balance checks. In May, UPI transactions surged by 33%, reaching 1,868 crore, with the amount transacted rising to Rs 25.14 lakh crore.
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