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Small Scale Industries (SSIs) are entities that are involved in the manufacturing, production, and services of products on a micro or small scale. The maximum investment in machinery, plants, and industries by Small Scale Industries cannot exceed Rs. 1 crore. Small Scale enterprises must come under the guidelines of the Government of India.  Small Scale Industries (SSI) are industries that manufacture, produce and render services on a small or micro scale level. In India, several SSIs exists in various fields such as handicrafts, toys, weaving, pickle making, food products, etc. These industries make a one-time investment in machinery, plant, and equipment, but it does not exceed Rs.10 crore and annual turnover does not exceed Rs.50 crore.Earlier industries that manufactured goods and provided services on a small scale or micro-scale basis were granted Small Scale Industries (SSI) registration by the Ministry of Small Scale Industries. However, after the government passed the MSME (Micro, Small and Medium Enterprises) Act in 2006, the small and micro-scale industries came under the MSME Act.  On 9 May 2007, subsequent to the amendment of the Government of India (Allocation of Business) Rules, 1961, the Ministry of Small Scale Industries and the Ministry of Agro and Rural Industries were merged to form the Ministry of Micro, Small and Medium Enterprises. Thus, the SSIs are included under the Ministry of MSME.  Currently, the SSIs are classified as small or micro-scale industries based on the turnover and investment limits provided under the MSME Act and they need to obtain MSME registration. The government provides many benefits to the small scale industries having MSME registration at present. Enterprise Registration under Small Scale Industry (SSI) The small scale industries are generally comprised of those industries which manufacture, produce and render services with the help of small machines and less manpower. These enterprises must fall under the guidelines, set by the Government of India. The SSI’s are the lifeline of the economy, especially in developing countries like India. These industries are generally labour-intensive, and hence they play an important role in the creation of employment. SSI’s are a crucial sector of the economy both from a financial and social point of view, as they help with the per capita income and resource utilisation in the economy. Ministry of Micro, Small, and Medium Enterprises (MSMEs) with the help of the Ministry of Small Scale Industries facilitates the registration process for Small Scale Industries. It is essential to obtain SSI registration to avail benefits of numerous government schemes, subsidies, and incentives. SSI registration form is available online for the applicant to fill and submit to get the registration number. According to the Ministry of Micro, Small and Medium Enterprises Development (MSMED) Act, 2006, MSMEs are classified into two types: 1. Manufacturing Enterprise2. Service Enterprise Characteristics of SSI Ownership- SSI’s generally are under single ownership. So it can either be a sole proprietorship or sometimes a partnership firm. Management- Generally, both the management and the control is with the owner/owners. Hence the owner is actively involved in the day-to-day activities of the business. Labor Intensive- SSI’s dependence on technology is pretty limited. Hence they tend to use labour and manpower for their production activities. Flexibility- SSI’s are more adaptable to their changing business environment. So in case of amendments or unexpected developments, they are flexible enough to adapt and carry on, unlike large industries. Limited Reach- Small scale industries have a restricted zone of operations. Hence, they can meet their local and regional demand. Resources Utilisation- They use local and readily available resources which helps the economy fully utilise natural resources with minimum wastage. Benefits of SSI Registration Loans at low or concessional interest rates SSIs can avail various tax rebates, after SSI registration SSI units are granted carry forward of credit for Minimum Alternate Tax (MAT) for up to 15 years Only SSIs are allowed to have access to certain government tenders Acquiring government licenses and certifications becomes easier once a unit receives a permanent registration As many concessions and rebates are available, therefore the cost of setting up of industry reduces SSI Registration Eligibility Criteria SSI registration can be obtained by both manufacturing units and service rendering enterprises. However, the registration eligibility criteria differ for SSI units in manufacturing and SSI units in service rendering as follows: SSI registration can be obtained for manufacturing units if the investment in plant and machinery (excluding land & buildings) is within any of the following levels: Micro Enterprises: Investment of up to Rs.25 lakhs in plant and machinery Small Enterprises: Investment of up to Rs.5 crores in plant and machinery Medium Enterprises: Investment of up to Rs.10 crores in plant and machinery SSI registration can be obtained for service rendering units if the investment in equipment (excluding land & buildings) is within any of the following levels: Micro Enterprises: Investment of up to Rs.10 lakhs in equipment Small Enterprises: Investment of up to Rs.2 crores in equipment Medium Enterprises: Investment of up to Rs.5 crores in equipment Pre-requisites for Establishing SSI Decision on the Ownership – An entrepreneur wishing to establish an SSI must first decide on the ownership structure of the SSI. The SSI can be established as a sole proprietorship firm, partnership or company. Product Selection -Next, entrepreneurs must decide whether the SSI will venture into manufacturing or provide service, the product/product range that needs to be manufactured and the quantity of production of products or the service that will be provided. Location – The location must be selected where the unit is to be established. The size of the plot, exact site, covered and open area must be decided. Once the location is finalised, the SSI unit should be established in that location and the business operation can start. The location of the established unit will be the registered address/primary address of the SSI unit. Registration – After the unit is established at the decided location, the SSI must obtain the Shop and Establishment Act registration, company registration, or partnership firm registration, as applicable. Once the registration is obtained, the establishment can start its business. SSI Registration-

With industrialisation, the increase in the number of products has made identification a tedious task, and hence there was a need for devising a system that would help in easy identification. And therefore in the year 1970, George J Laurer invented the system of the Universal Bar Code in the USA.  Barcode is a machine-readable image that is characterised by parallel lines varying in width and spacing between them and digits. Barcode is used to encode product details such as product numbers, serial numbers and batch numbers instantly.  It is used for product identification and used widely in supermarkets, clothing stores, malls, etc. and has inherent benefits like the elimination of errors, cost-effectiveness, time-saving and ease of managing inventory. This global identification system assists all the parties in the supply chain like manufacturers, logistics and wholesalers to identify the products easily. What is Barcode? Barcodes are vertical lines representation that can be scanned electronically to fetch the product details faster. Barcode is used to encode the product details instantly such as product numbers, serial numbers, and batch numbers. A barcode on product plays a vital role in the supply chain, enabling all participant like Manufacturers, transporter, wholesaler to identify products easily. In addition to that, a barcode on products plays a vital role in a supply chain, supermarkets, transportation, hospitals, and fast-moving retails chains. EAN-13 is the most commonly used type of barcode that has 13 numeric digits. UPC-A barcode is a superset of 12 numeric digits. How Do Businesses Use Barcodes? Inventory database – Large departmental stores with thousands of products manage their inventory through the barcode system. All the phases of the product cycle from manufacture to sale are tracked through the code. Asset tracking – All businesses today hold a large chunk of IT assets, and hence the barcode system is used for tagging and tracking the assets in the asset software. Tracking returns – The barcode system can be used for tracking returns, especially so in the online shopping world. Barcodes can also be attached to invoices so as to ease the tracking of payments from customers. Types of Barcode GS1 EAN/UPC Family Barcodes GS1 EAN/UPC Family of barcodes are instantly-recognisable barcodes that are printed on virtually every consumer product in the world. They are the longest-established and most widely-used of all GS1 barcodes. GS1 DataBar Family Barcodes DataBar barcodes are often used to label fresh foods. These barcodes can hold information like an item’s batch number or expiry date, in addition to other attributes used at the point-of-sale such the item weight. GS1 1D Barcodes GS1-128 and ITF-14 are highly versatile 1D barcodes that enable items to track through global supply chains. The GS1-128 barcode can carry any of the GS1 ID keys, plus information like serial numbers, expiration dates and more. The ITF-14 barcode can only hold the Global Trade Item Number (GTIN) and is suitable for printing on corrugated materials. GS1 2D Barcodes Two-dimensional (2D) barcodes look like squares or rectangles that contain many small, individual dots. A single 2D barcode can hold a significant amount of information and may remain legible even when printed at a small size or etched onto a product. A wide range of industries2D barcodes, from manufacturing and warehousing to logistics and healthcare Documents For Barcode Registration Letter requesting allotment of barcode PAN card of the entity Copy of audited balance sheet GST/VAT registration certificate Certificate of incorporation/partnership deed Memorandum of Association/Articles of Association Copy of cancelled cheque Process For Obtaining Barcode Registration The steps involved are: Step 1 – Fill the application Step 2 – Upload all the relevant documents Step 3 – Choose the type and number of barcodes required Step 4 – Confirm all the details Step 5- Pay the applicable fees Step 6- Track the status Advantages of Barcode Reduces error – Since the information on the barcode is all automated, the chances of errors are reduced since there is no manual intervention in the form of data entry. Cost-effective and convenient – Barcodes are easy to obtain, cost-effective, and convenient to print, and it can also be customised. Detailed information – Barcodes have the information related to the product like product numbers, serial numbers, batch numbers, and hence ensures the genuineness of the products. Optimised inventory – The movement of the products becomes smooth due to all information of the products being captured in the barcode and makes the movement through the supply chain hassle-free. Time saving – Registering a barcode saves a lot of time. Using a barcode reader, the code can be scanned, and the details can be obtained. Accurate and faster billing – The information linked to the barcode is all automated and accurate and helps in good and efficient decision making. Unique and global identification – The barcoding system facilitates unique identification that is globally recognised, and hence there will be no two products that will have the same code. FAQs What is a barcode and why is it needed? A barcode is a visual representation of data used for automatic identification and tracking of products. It is essential for inventory management, sales tracking, and logistics. Do I need different barcodes for different products? Yes, each unique product (or variant) typically requires its own unique barcode. This ensures accurate tracking and inventory management.

The marriage certificate serves as an official document confirming the union of two individuals in marriage. In India, marriages can be legally registered under either the Hindu Marriage Act of 1955 or the Special Marriage Act of 1954. Irrespective of the type of marriage, the issuance of a marriage certificate is mandated, serving as tangible proof of the marital status of the couple. In 2006, the Supreme Court of India ruled that registering marriages is essential to protect the rights of women.   Consequently, obtaining a marriage certificate post-marriage holds numerous advantages. This article delves into the Marriage Certificate India, highlighting its significance, eligibility criteria, the requisite documents, and the detailed application process. Please also note that to procure a marriage certificate, the groom must be above 21 years of age, while the bride must be above 18 years of age. What is a Marriage Certificate? After getting married, a couple can get a marriage certificate, which is a legal document. The officiant issues the marriage certificate, and once the legal process is over, the couple receives the licence. Documents Needed for Marriage Registration Jointly signed application form by both parties, i.e., the groom and the bride. Proof of birth for both parties, such as a matriculation certificate, birth certificate, or passport. The male partner should be at least 21 years old, and the female partner should be at least 18 years old, as per the Hindu Marriage Act, 1955, and the Special Marriage Act, 1954. Residential proof for both parties, which may include an Election Voter ID, PAN Card, Aadhar Card, Ration Card, or electricity bill. If the marriage occurred in a religious institution, a certificate from the institution confirming the marriage’s solemnisation. Payment of Rs. 100 for registration under the Hindu Marriage Act, 1955, and Rs. 150 for registration under the Special Marriage Act, 1954, to be made to the district cashier. A receipt of this payment must be attached to the application form. Two passport-size photographs of both parties, along with a marriage photograph if the marriage has already been solemnised. Wedding invitation card if the marriage has been solemnised. Affirmation from both parties confirming that they are not related in a manner prohibited by the Special Marriage Act, 1954 or the Hindu Marriage Act, 1955. If either party is a divorcee, an attested copy of the divorce decree must be provided with the application form. If either party is a widow or widower, the death certificate of the deceased spouse should be attached to the application form. An affidavit detailing the place, date, and time of the marriage, as well as the marital status and nationality of both parties, must be attached to the application form. Two witnesses from each side must be present at the sub-registrar’s office during the meeting. If the marriage has been solemnised, two witnesses who attended the wedding must also be present at the sub-registrar’s office during the meeting. Step by step procedure to register a marriage in India A marriage certificate is a document that declares two people married legally. Marriages in India are to be registered under the Hindu Marriage act, 1955 or the Special Marriage Act, 1954. In the year 2006, the Honorable Supreme Court made it mandatory in India to get a marriage registered to legalize it. Though most of the people know that it is a compulsion to get the marriage registered in India, they lack the knowledge of the marriage registration process and end up in either paying too much to an agent or getting too much troubled. Here is the online and offline procedure on how to register marriage online in India: Online registration for a marriage certificate Just like the other essential things available online in India these days, marriage registration online is also an option. Online registration is more preferred options because it saves time and troubles less, one does not have to stand in long queues and, especially in this era of social distancing. It skips one’s multiple meetings with the marriage registrar. Here are the steps on how to register marriage online. Open the government’s official website of the home state applicant belong to Browse the website and find the form for marriage registration online on the site Fill the personal details of both the parties of the marriage, as asked in the form Submit the form once it is filled Once the form is filled, marriage registrar will summon the applicant for a particular date and time. It is compulsory to present at the office of the marriage registrar on time with all the documents that are mentioned in the article below. Also, two witnesses from each side should be present at the time of the marriage at the marriage registrar office. It is noteworthy that the date and time of the marriage given by the marriage registrar for a marriage under the Hindu Marriage act, 1955 is approximately 15-30 days after submission of the form. Furthermore, in the case of the Special Marriage Act,1954, it is approximately 60 days. Offline registration for a marriage certificate Here’s the marriage registration process done in offline in India Under the Hindu Marriage Act, 1955 As discussed, marriages in India can be registered under either the Hindu Marriage Act, 1955 or Special Marriage Act, 1954. Irrespective of their religion, it is applicable to all citizens of India. The parties applying for a registration of marriage in India are only eligible, only if they are either Hindus, Sikhs, Jains or Buddhists. Also, if the marriage is already solemnized, the couple can apply for registration. One has to visit the office of the sub-registrar under whose jurisdiction, the marriage was solemnized. It can be done at the sub-registrar’s office, under whose jurisdiction; one of the partners is residing for more than six months. According to the customs and rituals of either of the party, a Hindu marriage can be solemnized. Under the Special Marriage Act, 1954 Irrespective of their religion, all the citizens of India can get their marriage registered under the Special Marriage Act, 1954. Under this

Punjab National Bank (PNB) is perhaps one of India’s oldest banks. The bank was initially established in Lahore, Pakistan and was founded by a number of leaders from the Swadeshi Movement. Over a 100 years later, the bank has established itself as a multinational financial and banking institution. The bank offers its customers a number of financial products and services that cater to almost every demographic. One of the many products that the bank offers its customers is the current account. A current account is a type of bank account that has been developed keeping in mind the nature of transactions for individuals who primarily carry out business activities. Current accounts permit account holders with the benefit of carrying out a large number of withdrawals and deposit transactions on a daily basis. PNB offers its customers 2 variants of the current account, one of which is the Smart Banking Current Account. The Smart Banking Current Account comes with a host of features and benefits that cater specifically to the needs of the account holder. The current account comes in 4 variants: PNB Silver, PNB Gold, PNB Diamond, and PNB Platinum.  Features and Benefits The Smart Banking Current Account offered by PNB can be opened with an initial deposit of Rs.5,000. The minimum quarterly average balance to be maintained in this account differs depending on the variant of the account. The minimum quarterly average balance to be maintained for each of the accounts are as follows: PNB Silver: Rs.1 lakh PNB Gold: Rs.2 lakh PNB Diamond: Rs.5 lakh PNB Platinum: Rs.10 lakh Much like the difference in the amount to be maintained as the minimum quarterly average balance, the penalty fee for non-maintenance of the minimum balance also differs. The non-maintenance charges for each variant of the account are as follows: PNB Silver: < Rs.1 lakh Rural and Semi-urban branches: Rs.500 per quarter Urban and metro branches–Below Rs.1 lakh but above Rs.10,000: Rs.500 Below Rs.10,000: Rs.1,000 PNB Gold: Rs.1,000 PNB Diamond: Rs.2,000 PNB Platinum: Rs.4,000 Accounts that opt for the bank’s Sweep-in and Sweep-out facilities are required to maintain a minimum balance of Rs.10 lakh The sweep-in and sweep-out facilities can only be carried out in multiples of Rs.50,000. The tenor of the term deposit ranges from 15 days to 91 days and is swept in on the 5th and 20th day of each month. In cases where these days fall on holidays, the amount will be swept in the next working day. An account holder who opts out of the sweep-in facility before 15 days will not have interest paid to them. The bank offers its RTGS and NEFT transfers free of charge to the account holders. Each variant of the Smart Banking Current Account receives a stipulated number of cheque leaves free of charge each quarter. The number of cheque leaves provided for the accounts are as follows: PNB Silver: 100 PNB Gold: 200 PNB Diamond: 300 PNB Platinum: 600 Similarly, the concessions and charges on cash deposits made to the accounts differ based on each variant and they are as follows: PNB Silver: Upto Rs.2 lakh can be deposited at the bank branch free of charge every day. Deposits made above this amount come with additional transaction fees. PNB Gold: Upto Rs.5 lakh can be deposited to the account each day. A certain fee is applicable for charges made above this limit. PNB Diamond: Upto Rs.5 lakh cash deposits can be made to the account every day. Transactional fees are applicable for deposits above the limit mentioned. PNB Platinum: Upto Rs.10 lakh in cash deposits can be made free of charge on a daily basis. Amounts above Rs.10 lakh attract a transactional fee. Cash withdrawal transactions made at the bank where the account is held do not attract any charges. Doorstep banking facilities are provided free of charge to individuals who hold the Gold, Diamond, and Platinum account. The sweep-in facility is not mandatory and the account holder can choose to opt out of the service. Corporates, proprietors, partners, and individuals can obtain a credit card against their Smart Banking Current Account after maintaining the standards expected of the account consistently for a period of 3 months. If the account holders operate their account in accordance with the rules set by PNB, account holders can avail instant credit of outstation cheques at any point regardless of the number cheques issued. Types of Current Account PNB Smart Banking Current Account This account is considered to be the most desirable current account rendering several features and privileges to the account holders. The account offers many banking needs for business with or without Sweep-in and Sweep-out facility. The Smart Banking Current Account has four different variants such as PNB Silver, PNB Gold, PNB Diamond and PNB Platinum. The Particulars The Variants PNB Silver PNB Gold PNB Diamond PNB Platinum The Minimum Quarterly Average Balance (QAB) 1,00,000 2,00,000   5,00,000   10,00,000 Initial Deposit 5,000 For Non Maintenance of QAB Charges (per quarter) Rural/Semi-Urban Branchesbelow Rs. 1 Lakh,  Rs. 500 1000 2000 4000 Urban/Metro Branches Below Rs.1 lakh but greater or equal to Rs. 10,000 Rs 500 Below Rs. 10,000 Rs 1000 The minimum amount required for Sweep-in and Sweep-out facility Rs. 10,00,000 Sweep-in and Sweep-out in multiples of 50,000 The Tenor of Term Deposit that is applicable at the card rate For 15 to 91 days. The amounts will be swept out on 5th and 20th of every month. RTGS/NEFT charges Free Free Cheque Leaves (per quarter)   100 200 300 600 The Concessions for  Cash Deposit Charges- Base Branch For Rs. 2 Lakh per day it is free after which there are charges Up to Rs. 5 Lakh per day free after which there are charges Up to Rs. 5 Lakh per day free after which there are charges Up to Rs. 10 Lakh per day free after which there are charges Local/ Outstation Non-base Branch For Rs. 50,000 per day free thereafter applicable charges For Rs. 1 Lakh per

Information about the dates for bank holidays in India can be very helpful in planning your visits to the bank as well as other financial transactions. Here is a comprehensive list of bank holidays in India in 2024 that will help to streamline your bank-related visits and transactions.  India has different types of banks, from the Central Bank (also known as the Reserve Bank of India or the RBI) to commercial banks, cooperative banks, Regional Rural Banks (RRB), Small Finance Banks (SMB), Local Area Banks (LAB), etc.  All these banks follow a schedule of national and government holidays set by the RBI but also have regional holidays depending on the state in which the branches are located. Apart from this, banks are also closed on all the second and fourth Saturdays every month.  Bank holidays vary from state to state. However, all banks remain closed on the second and fourth saturdays of each month. All banks also observe three national holidays, i.e., Republic Day (January 26), Independence Day (August 15) and Gandhi Jayanti (October 2). Additionally, banks remain closed on local festivals. Bank Holidays 2024 Date Day Holiday 1 January 2024  Monday New Year’s Day 12 January 2024  Friday Birthday of Swami Vivekananda 13 January 2024  Second Saturday Bank Holiday 15 January 2024  Monday Makara Sankaranthi / Pongal 17 January 2024  Wednesday Guru Gobind Singh Ji Birthday 26 January 2024  Friday Republic Day 27 January 2024  Fourth Saturday Bank Holiday 10 February 2024  Saturday/Second Saturday Losar 14 February 2024  Wednesday Basant Panchami 15 February 2024  Thursday Birthday of Md. Hazrat Ali/Lui-Ngai-Ni 24 February 2024  Saturday/Fourth Saturday Guru Ravidas Ji Birthday 25 February 2024  Sunday Thaipusam 8 March 2024  Friday Mahashivratri 9 March 2024  Second Saturday Bank Holiday 23 March 2024  Fourth Saturday Bank Holiday 25 March 2024  Monday Holi 29 March 2024  Friday Good Friday 1 April 2024  Monday Annual Closing of Bank Accounts 5 April 2024  Friday  Babu Jagjivan Ram’s Birthday 8 April 2024  Monday  Id-ul-Fitr/Ugadi 9 April 2024  Tuesday  Chaitra Sukladi/Gudi Padwa/Ugadi/Cheti Chand 13 April 2024  Second Saturday  Bank Holiday 14 April 2024  Sunday  Tamil New Year 21 April 2024  Sunday  Mahavir Jayanti  27 April 2024  Fourth Saturday  Bank Holiday  7 May 2024  Tuesday  Birthday of Guru Rabindranath Tagore  11 May 2024  Second Saturday  Bank Holiday  23 May 2024  Thursday  Budha Purnima  25 May 2024  Fourth Saturday  Bank Holiday  8 June 2024  Second Saturday  Bank Holiday  10 June 2024  Monday  Martyrdom Day of Sri Guru Arjun Dev ji  15 June 2024  Saturday  YMA Day  17 June 2024  Monday Id-ul-Zuha (Bakrid)  22 June 2024  Fourth Saturday  Bank Holiday  8 July 2024  Monday  Rath Yatra  13 July 2024  Second Saturday  Bank Holiday  17 July 2024  Wednesday  Muharram  27 July 2024  Fourth Saturday  Bank Holiday  10 August 2024  Second Saturday  Bank Holiday  15 August 2024  Thursday  Independence Day  19 August 2024  Monday  Raksha Bandhan  24 August 2024  Fourth Saturday  Bank Holiday  26 August 2024  Monday  Janmashtami (Vaishnva)  5 September 2024  Thursday  Tithi of Srimanta Sankardeva  7 September 2024  Saturday  Vinayagar Chaturthi  14 September 2024  Second Saturday  Bank Holiday  15 September 2024  Sunday  Thiruvonam  16 September 2024  Monday  Milad-un-Nabi or Id-e-Milad (Birthday of Prophet Mohammad)  28 September 2024  Fourth Saturday  Bank Holiday  1 October 2024  Tuesday  Half-Yearly Closing of Bank Accounts  2 October 2024  Wednesday  Mahatma Gandhi’s Birthday  11 October 2024  Friday  Ayudha Puja / Saraswathi Puja  12 October 2024  Second Saturday  Bank Holiday / Vijayadashami  26 October 2024  Fourth Saturday  Bank Holiday  31 October 2024  Thursday  Diwali (Deepavali)  1 November 2024  Friday  Laxmi Puja, Kannada Rajyotsava  2 November 2024  Saturday  Govardhan Puja  7 November 2024  Thursday  Chhath Puja  9 November 2024  Second Saturday  Bank Holiday  15 November 2024  Friday  Guru Nanak’s Birthday  18 November 2024  Monday  Kanakadasa Jayanthi  23 November 2024  Fourth Saturday  Bank Holiday  3 December 2024  Saturday  Feast of St. Francis Xavier  14 December 2024  Second Saturday  Bank Holiday  25 December 2024  Wednesday  Christmas Day  28 December 2024  Fourth Saturday  Bank Holiday  31 December 2024  Tuesday  New Year’s Eve  FAQs On which days are the banks in India closed? Banks in India are closed on national holidays, regional state holidays, and on the second and fourth Saturdays of every month. Is New Year’s Day a public holiday for all banks in India? No, New Year’s Day is not a public holiday for all banks in India.

Bandhan Bank is relatively new to the Indian banking field. The bank was established in December 2014 and is owned by one of the country’s largest microfinance organisations. The bank has grown at an exponentially high rate since its establishment and now caters to the banking needs of over 13 million customers. It offers customers a wide range of financial products and services that come with a host of benefits. One of the products that Bandhan Bank offers its account holders is the current account. A current account is a type of bank account that provides account holders with high liquidity. The account is most often held by business people who require a steady cash flow to run their operations. The account has high limits on the number of cash deposits and transactions that can be made to the account in a given month. Features and Benefits A current account is meant for business people and self-employed professionals to operate their business cash transactions efficiently. Current accounts do not hold any interest rate on balance. It offers a facility of outstation cheque collection for the prompt mobilisation of funds. Bandhan Bank offers convenient access to funds at a wide network of branches and ATMs. It also provides safe online banking services through Net banking, Mobile applications and SMS banking channels. It offers a debit cum ATM card for easy withdrawal of cash from Bandhan bank or other bank ATMs. Bandhan bank accepts At-Par Cheques as “Local Clearing Cheques” which saves on charges associated with the ordering a Demand Draft (DD). Multi-city chequebooks are given at the time of account opening, and nomination facility is also accessible. Bandhan Bank current account offers a premium internet banking facility mainly to manage the accounts and fund transactions and secure bill payment. Eligibility Criteria Resident Individual Hindu Undivided Family (HUF) Partnership Firm Sole Proprietorship firm Private or Public Limited Company Trust / Association / Club / Society Limited Liability Partnership (LLP) Foreign National Residing in India Foreign Institutional Investor (FII) Current Account Products Biz Premium Current Account Biz Advantage Current Account Biz Standard Current Account Biz TASC Current Account Biz GOS Current Account Type of Current Accounts Minimum Balance (Monthly) Requirement Cash Deposit Requirement  Cash Withdrawal Requirement  Biz Premium Rs. 1,00,000 Rs. 25 lakhs or 20 times of MAB whichever is higher as per month free Free cash withdrawal at any ATMs. 50 transaction per month DD/PO facility Biz Advantage Rs. 25,000 Free cash Deposit limit at branch – Rs. 15 lakhs per month Free cash withdrawals at any ATMs – 15 transactions per month Biz Standard Rs. 5000 Free cash Deposit limit up to Rs. 5 lakhs per month Free cash withdrawals at any ATMs – 10 transactions per month Biz TASC Rs. 25,000 Free cash Deposit limit up to Rs. 25 lakhs per month  or 20 times of monthly average balance whichever is higher Unlimited withdrawal at home branch Biz GOS NIL The unlimited cash Deposit facility is available Unlimited withdrawal at home branch Documents Required For HUF (Hindu Undivided Family) Application Form (duly filled) Identity Proof of the Karta: PAN Card, Aadhar Card, Driving License, Voter ID Card, etc. Address Proof of the Karta: Aadhar Card, Valid Passport, Utility bill, Property tax bill, Telephone bill, etc. Duly signed HUF letter by Karta and all Co-Parceners. Passport-size photographs. For Sole Proprietorship Registration certificate Sales and income tax returns. Identity Proof as per KYC norms: PAN Card, Aadhar Card, Driving License, Voter ID Card, etc. Address Proof as per KYC norms: Aadhar Card, Valid Passport, Utility bill, Property tax bill, Telephone bill, etc. ID proof of the person holding POA. CST/VAT registration Certificate. Passport-size photographs For Partnership Firm Identity Proof as per KYC norms: PAN Card, Aadhar Card, Driving License, Voter ID Card, etc. Address Proof as per KYC norms: Aadhar Card, Valid Passport, Utility bill, Property tax bill, Telephone bill, etc. Partnership Registration Certificate (in the case of a registered concern). Partnership Deed Passport-size photographs of the partners. For Public / Private Limited Companies Application form in the prescribed form. Memorandum and Articles of Association. Identity Proof as per KYC norms: PAN Card, Aadhar Card, Driving License, Voter ID Card, etc. Address Proof as per KYC norms: Aadhar Card, Valid Passport, Utility bill, Property tax bill, Telephone bill, etc. Commencement of Business Certificate. Incorporation and Board Resolution Certificate. Registration certificate Licence Certificate issued by the Municipal Authorities under Shop & Establishment Act. Passport-size photographs For Clubs / Societies / Trusts Registration certificate (if registered). Documents listing the name and address proof of the trustees, sellers, beneficiaries, and the persons holding the Power of Attorney (POA). Constitution document of the entity. The updated directors list to be submitted. Application Form (duly filled). Power of Attorney Identity Proof as per KYC norms: PAN Card, Aadhar Card, Driving License, Voter ID Card, etc. For Limited Liability Partnerships (LLP) Power of Attorney (POA) Registration Certificate issued by Registrar of LLP. Identity Proof of POA holders: Aadhar Card, PAN Card of the entity. Address Proof: Aadhar of the sole proprietor/entity, Valid Passport, etc. Two passport size colour photographs. LLP agreement. Designated partners updated list. FAQs How can one apply for a Bandhan Bank Current Account? Interested individuals or businesses can apply for a Bandhan Bank Current Account by visiting their nearest branch or through their official website. They need to fill out the account opening form, submit the required documents, and fulfill any specific criteria set by the bank. Are there any charges associated with maintaining a Bandhan Bank Current Account? Yes, Bandhan Bank may levy charges for non-maintenance of minimum balance, cheque book issuance, and other services as per their schedule of charges. It’s advisable to check with the bank for details on applicable fees.

start your own new business? Start it Now. Do not get confused over the thought of what business or industry sector shall be chosen. Every business has its pros and cons, it’s just about the best business ideas to make money. It is just about which business you have the passion and zeal to crack. Your skillset also matters a lot in achieving the target. You should be confident enough to implement the skills you possess and manage to overcome the upcoming challenges. Business Ideas For Teens and Young Entrepreneurs 1.Dropshipping Dropshipping is a low investment and a cost-effective way to start an online or e-commerce business in India. Dropshipping means beginning a retail business online without procuring or storing products. You need to establish an online retail store and tie up with a dropshipping supplier in the dropshipping business. When a customer places an order on your online store, you will need to forward that order to the dropshipping supplier. The dropshipping supplier will process and ship your order to your customer. You will receive the payment for the order, and you need to pay the product cost to the dropshipping supplier after deducting your percentage from the product cost. All you need to do is tie up with dropshipping suppliers and market their products on your online store. 2. Handmade Products You can start your online personalised handmade products business when you are good at arts and crafts. Nowadays, DIY or Do It Yourself is the new trend. Many prefer to give personalised gifts or products to their families or friends for occasions such as birthdays, farewells, weddings, etc. Millennials also prefer to buy personalised products online to decorate homes or for house parties instead of visiting shops. You can create and sell many products, such as accessories, jewellery, home decor, wall hangings, etc. You need to showcase your products and market them on social media accounts or websites to get more orders and profit by selling them. You only need to invest in the materials required for your products. 3. Photography and Videography You can start your own business when you are good at photography or videography. Every occasion needs a photographer and a videographer. You can even charge to take creative photos on the occasion of your friends’ or relatives’ birthdays or functions. Many occasions, such as weddings, get-togethers, themed birthday parties, and pre-wedding functions like sangeet, mehandi, etc., require a videographer. It is one of the lost-cost businesses where you can earn profits. You need a good camera or video recorder to start this business. You can take photos and videos and post them on social media accounts or even send them on Whatsapp to your contacts and get bookings for them. You can also work as a freelance photographer or videographer for events. You can freelance to take photos of events or products since companies require product photos or videos to market them. You can even click and upload your original photos on your website and sell them to interested people. 4. Babysitting Since many couples work, they require a babysitter to look after their kids. Some may even need a babysitter for only a few hours, i.e. after the kids come from school till the parents come home or on weekends. However, it is difficult to gain the trust of parents to be hired as babysitters for their kids. Thus, you can start to babysit your relatives’ and neighbours’ kids initially and ask them to refer you to their friends and family who need a babysitter. You do not need any investment for this, except you need to have a liking towards kids, take care of them and keep them engaged. 5. Pet Sitting Many people have pets at home. They need to leave their pets alone when they go to work or on vacation. Many people are looking for pet sitting services by a trusted person who will take care of their pets for a few days or a few hours. You can start a pet sitting business and look after pets (dogs and cats) when the pet owners travel or go out to office or events.  Market your service to your friends and family members and ask them to refer you to people with pets. There is no investment required for a pet sitting business except that you need to know how to take care of pets. 6. Tutoring You can start an online tutoring business where you can teach students in lower classes. Many prefer taking tutoring classes for their children, which give individual attention. You can tutor children of lower classes in your school or neighbourhood when you are a good student. You can even tutor children at your home. You only need a good PC or laptop with high internet connectivity for an online tutoring class. When you conduct a tutoring class at home, you need a room at your house for tutoring and a board. You will need to spend some time preparing for the class and the course and check the assignments given to students.  7. Youtube Channel Start your own youtube channel. You can start a channel in which you are passionate, such as showing recipes, makeup tutorials, singing, dancing, travelling, educational content, general knowledge content, home decor ideas, craft and DIY ideas, etc. You can monetise from the views of the videos on your youtube channel.  There is no investment required to start a youtube channel except for a good camera to shoot videos, time and internet connection to edit them and upload them. It may take some time to earn revenue from it, but you can earn good revenue as the channel grows. Market your channels to all your friends and family to grow the channel and get subscriptions. 8. Blogging and Vlogging You can create a blog where you can write quality content and publish it online. Vlogging is creating content and posting it on youtube. You must choose a niche

The Reverse Charge Mechanism (RCM) is the process of GST Payment by the receiver instead of the supplier. In this case, the liability of tax payment is transferred to the recipient/receiver instead of the supplier. 53rd GST Council Meeting Update: To simplify claiming ITC, the Council recommends clarifying that purchases under the RCM from unregistered suppliers follow a specific rule. When the recipient issues the invoice for such a purchase, the relevant financial year for calculating the ITC time limit under section 16(4) of the CGST Act will be the year the invoice is issued. The Reverse Charge Mechanism is applicable in the case of : Imports Purchase from an unregistered dealer Supply of notified goods and services This reverses the scenario as the person who is receiving the goods and services needs to pay the taxes. If the receiver is purchasing goods from unregistered providers, there needs to be a GST paid on their behalf. A payment voucher needs to be issued from the supplier to the recipient. The recipient must be a registered person as per Section 2(94) of the CGST Act,2017. As per section 2(98) of CGST Act 2017, “Reverse-Charge” means the liability to pay tax by the recipient of the supply of goods or services or both instead of the supplier of such goods or services or both Under sub-section (3) or sub-section (4) of section 9, or Under sub-section (3) or subsection (4) of section 5 of the Integrated Goods and Services Tax Act What is Reverse Charge Mechanism? The supplier of goods or services pays the tax on supply. Under the reverse charge mechanism, the recipient of goods or services becomes liable to pay the tax, i.e., the chargeability gets reversed. The objective of shifting the burden of GST payments to the recipient is to widen the scope of levy of tax on various unorganized sectors, to exempt specific classes of suppliers, and to tax the import of services (since the supplier is based outside India). Applicability of Reverse Charge Mechanism The reverse charge possibilities for intrastate transactions are governed by Sections 9(3), 9(4), and 9(5) of the Central GST and State GST Acts. In addition, reverse charge possibilities for interstate transactions are governed under sections 5(3), 5(4), and 5(5) of the Integrated GST Act. Let’s get into more information about these scenarios: Supply of certain products and services as determined by the CBIC: The CBIC has produced a list of products and services that are subject to reverse charge under the authority granted by section 9(3) of the CGST Act, 2017. Supply to a certified dealer from an unauthorized dealer: According to Section 9(4) of the CGST Act, 2017 if a seller who is not registered for GST delivers products to a person who is registered for GST, reverse charge will apply. This means that the recipient will have to pay the GST instead of the provider. The registered buyer who is required to pay GST under reverse charge must self-invoice for transactions made.In the real estate business, the government mandated that promoters purchase 80 percent of their inward supplies from registered suppliers. If purchases from registered dealers fall short by 80%, the promoter must pay GST at 18% on the reverse charge to the amount that inbound supply falls short by 80%. If the promoter buys cement from an unlicensed source, he must pay a 28 percent tax. This computation must be performed regardless of the 80 percent calculation.The promoter must pay reverse charge GST on TDR or floor space index (FSI) issued on or after April 1, 2019. Even though a landowner is not engaged in a regular business of land-related operations, the transfer of development rights by such an individual to the promoter is taxable as a provision of service under Section 7 of the CGST Act, 2017. In addition, when one developer sells TDR to another, GST is levied at 18 percent on the reverse charge. Service provision via an e-commerce operator: E-commerce operators can be used as an aggregator by any form of business to sell items or deliver services. According to Section 9(5) of the CGST Act, 2017 if a service provider utilizes an e-commerce operator to deliver specified services, the reverse charge applies to the e-commerce operator, and he must pay GST. This section includes services such as: Passengers are transported by radio-taxi, motor cab, maxi cab, and motorbike. For example, Ola and Uber. Providing accommodation services in hotels, inns, guest houses, clubs, campgrounds, or other commercial places intended for residential or lodging purposes, unless the person supplying such service through an electronic commerce operator is required to register due to a turnover threshold exceeding the limit. For instance, Oyo and MakeMyTrip. Housekeeping services, such as plumbing and carpentry, unless the person providing such services through electronic commerce operators is required to register owing to turnover above the threshold level. For example, Urban Company employs plumbers, electricians, instructors, beauticians, and other professionals. RCM Provisions Under GSTR Forms – GSTR 1 – GSTR 2 This system is being carried forward from the VAT regime. In case the supplier is registered, but the goods or services come under reverse charge mechanism, the input tax credit cannot be claimed by the supplier as the tax is not credited by him but the receiver is paying the taxes. In the case of importers of goods, taxes need to be paid under the reverse charge mechanism to the Government on the import. This is in addition to the import duties. The details of the charges pertaining to the inward supply of goods or services are to be mentioned in GSTR 1. The details of inward supply are stated in the form GSTR 2. A person who is liable to pay tax under reverse charge mechanism needs to be registered under GST irrespective of the turnover. The goods/service supplier gets the input tax credit that is paid under the reverse charge. The only condition is that the input tax credit is used only for the furtherance of business. The list of

Bihar ration card is an official document issued by the State Government of Bihar. One of the important benefits of a Bihar ration card is that it enables the holder to obtain subsidized food commodities from the State Government. Benefits of Ration card The Public Distribution System (PDS) of the State Government of Bihar provides basic needs such as Grains, Food Products, Edible Oil, Kerosene, etc. to the families of Ration Cardholders for subsidized rates. Moreover, the ration card is an essential tool for identification. One can have a copy of Ration Card as proof of identification while applying for other documents like marriage certificate, domicile certificate, etc. Types of Bihar Ration Cards Above Poverty Line (APL):  The Government will issue APL ration card to the people living above the poverty line. Below Poverty Line (BPL): The Government will issue BPL ration card to the people living below the poverty line. Antyodaya Anna Yojana (AAY) Cards: The Government will issue Antyodya Anna Yojana (AAY) cards to the economically weakest section of the societies. Eligibility Criteria The applicant should be a resident of the State of Bihar. The applicant must not be in possession of a ration card. Couples who recently got married in Bihar can apply. Required Documents Passport size photo Address proof Driving license Income certificate Application procedure Step 1: Visit the nearest Circle Office/S.D.O. The office where you can obtain the application form for the Ration Card. Step 2: Fill up the application form properly and attach all required documents. Step 3: After filling the form, submit it to the same office. FAQs What is a Bihar Ration Card? A Bihar Ration Card is an official document issued by the Government of Bihar to households for purchasing subsidized food grains and other essential commodities from fair price shops under the Public Distribution System (PDS). What are the benefits of having a Bihar Ration Card? The benefits of having a Bihar Ration Card include access to subsidized food grains, kerosene, and other essential commodities provided under the PDS scheme. It helps in ensuring food security for economically weaker sections of society.

The Government of Telangana (GoT) passed the Telangana State Industrial Project Approval and Self-Certification System (TS-iPASS) to increase the processing rate of applications related to the various issue of clearances to set up industries. TS-iPASS was introduced through Telangana State Industrial Project Approval and Self-Certification System Act, 2014 (Act No.3 of 2014). The TS-iPASS shall be monitored by the Government of Telangana. TS-iPASS TS-iPASS is a certification system that provides support to industries, services, manufacturing companies in Telangana. It is an online process that helps to clear certification process and permissions within short timelines. TS-iPASS was established with the following features; they are: Eliminating the direct approach Approvals for certification Online payment for certification and clearance to set up industries Quick response to quick queries through feedback and grievance cell Establish Investor facilitation cell to have a single point of contact and to increase the investments Features of TS-iPASS Pre-scrutiny shall be conducted twice a week for the application process All the approval process shall have a single point of approval system by the relevant developments Accepted applications will be referred by District Committees and examined by state-level TS-iPASS committee members Approval for Megaprojects will be issued by self-certification, and the receipt for the self-certification will be received to the applicant within 15 days Provision of penalty if the departments have delayed clearances Secure and progressive regulation for the business environment Services including IT, medical and communication services with relevant infrastructure development Types of Certificates Approved from TS-iPASS Portal Approval certificate from Pollution Control Board for establishing industry( for Red, Green, Orange categories only) Approval of factory plan from the Factory Department Approval of building plan from the Hyderabad Metropolitan Development Authority (HMDA), Directorate of Town and Country Planning (DTCP) and Kakatiya Urban Development Authority (KUDA) Change of land from HMDA Non-Agricultural lands Assessment (NALA) conversion from the Department of Revenue Feasibility for Power from the Department of Telangana State Southern Power Distribution Company Limited (TSSPDCL) No Objection Certificate (NOC) from Gram-Panchayat NOC from the Fire Department Permission from the Department of Metropolitan Water Supply and Sewage Classification of Projects Mega Projects: Investment above Rs.200 crore Other Large Projects: Investments from Rs.10 crore to Rs.200 crore Medium Projects: Investments from Rs.5 to Rs.10 crore Small Projects: Investments from Rs.25 to Rs.25 lakhs Micro Projects: Investments less than Rs.25 lakhs Investment Limits for TS-iPASS The investment for TS-iPASS has been divided into three categories, they are Direct TS-iPASS State TS-iPASS Telangana State Wide Investment Facilitation Board (T-SWIFT) S. No. Jurisdiction Investment Limits 1 Direct TS-iPASS   The investments for projects can be up to Rs.5 crore in Plant and Machinery including components and capital expenditure 2 State TS-iPASS The investments for projects can be from Rs.5 crore to rs.200 crore in Plant and Machinery including components and capital expenditure 3 Telangana State Wide Investment Facilitation Board (T-SWIFT0 All investments for megaprojects above Rs.200 crore or with an employment potential of more than 1000 people in Plant and Machinery including components and capital expenditure Time Limit for Processing the Applications S. No. Investment Amount Time Limit 1 For investments in capital expenditure less than Rs.200 crore A maximum time limit of 30 days from the date issuing the acknowledgement 2 For investments in capital expenditure above Rs.200 crore Approval within 15 days. Clearance from the agencies is not required. (except state government) Time Limit for Setting up the Industry If the land allotted for the company has been provided by TSIIC or any other government agency, the company should provide financial closure within one year. The company should have also stated the operations within two years from the date of permission. Companies failing to adhere to the rules should return the land to the government. Documents Required A signed copy of Annexure I Documents related to combined Site Plan Documents related to the building plan Certificate for Incorporation Documents related to HMDA Form B1 and Form B2 (for red category only) Common Application Form (CAF) Application Process Step 1: Click on login to Register with TS-iPASS portal Step 2: Click on ‘New User Registration’ Step 3: Fill all the boxes with relevant details Step 4: Enter the OTP to register with TS-iPASS portal Step 5: After registering with TS-iPASS, the applicant can choose from three options to upload or seek approval for certificates “Entrepreneur Dashboard – CPE (Pre-Establishment Approval)” “Entrepreneur Dashboard – CFO (Pre-Operational Approval)” “Others (Grievance, Incentive, Raw material, Help Desk)” Step 6: Provide the details as required by CPE/CFO Step 7: Fill the questionnaire before filling the common application and make payments Step 8: Fill the boxes with relevant project details Step 9: Submit the questionnaire as per applicable approvals Step 10: Pay the relevant fees as stipulated by each department Step 11: Attach all the necessary documents Step 12: After successful payments for all the departments, the applicant can download the receipt for the payments FAQs Who can apply for approvals through TS-iPASS? Entrepreneurs, business owners, and industrialists looking to set up new industries or expand existing ones in Telangana can apply for approvals through TS-iPASS. It caters to all types of industries, including micro, small, medium, and large enterprises. How does one apply for TS-iPASS? Applicants can apply for TS-iPASS through the official TS-iPASS portal. The process involves registering on the portal, submitting the required documents, filling out the application form, and paying the necessary fees. The portal provides step-by-step guidance for the application process.