In order to create transparency and prevent tax evasion, the government, recently had amended the provisions associated with PAN card. Here are certain new changes in the PAN card rules which you being an Indian citizen must be aware of.

India's largest money lender, State Bank of India has announced new norms on cash withdrawal from ATMs. Every month, the bank offers a fixed number of ATM transactions with no additional charge and the account holders who exceed the mandated number of transactions are charged a fee ranging from Rs 5 and above.

The Income Tax Department has announced the new rules to be followed by PAN (permanent account number) card applicants. The PAN card rules, to come into effect from December 5, 2018 and must be followed by every Indians. The new rule is applicable to the financial entities which make transactions worth Rs 2.5 lakh or more in a financial year to apply for a PAN card, the Central Board of Direct Taxes (CBDT).

The Receivables Exchange of India (RXIL) on Friday said Hindustan Aeronautics (HAL) has become the first public sector enterprise to make a transaction on the "TReDS platform".

Landmark reforms like RERA and GST, as also demonetisation, have brought about much-needed transparency in transactions, helping the real estate sector to free itself of fraud, malpractices and other problems faced by consumers and investors. Yet, the sector needs more reforms to break free of the various ills that still plague it in order to realise its full potential as a major contributor to the country's GDP.

Amid stagnating prices of tea in auctions, the central government is looking at the "imperfection" of the primary market as it aims to bring more efficiency in the system after sellers and buyers of the crop raised issues of operational difficulties along with relatively higher transaction costs involved in the entire process, stakeholders say.

India has the potential to generate e-commerce value of over $50 billion by driving awareness, usage and transactions among the current and next set of Internet users and shoppers, said a report on Thursday.

Punjab National Bank share prices have dropped by straight 8 percent after the bank detected some fraud transactions worth USD 1,771.7 million at its Mumbai Branch.

At a time when bitcoins are in focus for all the wrong reasons, cryptocurrency dealer Pluto Exchange on Thursday announced the launch of India's first mobile application for transacting in the virtual currency.

Mind it! These guidelines are for the same bank transaction and for non-banks the free usage comes down to three.