Startup Genius

Have you ever tried to withdraw cash from an ATM and the machine showed an error, but the money still got deducted from your account? Or made an online payment that failed, but the amount was debited anyway? Such failed transactions are more common than you might think. And the worst part? Waiting days — or even weeks — for the money to be refunded, with no clear answers from the bank. That’s exactly why the Reserve Bank of India (RBI) has introduced strict guidelines to protect customers like you. Now, banks must follow fixed deadlines to refund money after failed transactions — and if they don’t, they have to pay you ₹100 per day as a penalty . Let’s break down everything you need to know. What Happens When a Transaction Fails? A failed transaction means a payment or withdrawal doesn’t go through, but the money is still debited from your bank account. This can happen due to: Network failures ATM errors Technical glitches in payment systems Bank server issues...

 Buying a home is a dream that most people chase throughout their lives. After years of saving every rupee, when the moment of purchase arrives, it feels like an emotional and financial victory. But this victory can turn into a nightmare if the proper documents are not checked before making the final deal. Many people ignore the legal paperwork or simply don’t understand the importance of property documents. But these papers are what prove that the property is legally yours. Without them, you don’t get ownership – no matter how much money you pay. This article will guide you about the  five most essential documents  you must check before buying any property. Why Property Documents Matter Buying a property is not just a financial investment. It is also a legal responsibility. Proper documentation ensures: Your legal ownership of the property Protection from fraud Loan approval from banks Smooth registration and mutation process Peace of mind Now let’s explore the most impo...

जब भी किसी व्यक्ति को Income Tax Department से नोटिस मिलता है, तो सबसे पहले उसके मन में डर बैठ जाता है—"कहीं जेल न हो जाए", "कितना जुर्माना लगेगा?", "मैंने गलती क्या की?"। दरअसल, ऐसा डर काफी हद तक जानकारी की कमी के कारण होता है। बहुत से लोग नहीं जानते कि इस तरह के नोटिस सामान्य कारणों से भी आ सकते हैं और इनका सही समय पर जवाब देना ही सबसे बेहतर तरीका होता है। इस लेख में हम विस्तार से समझेंगे: इनकम टैक्स विभाग से नोटिस क्यों आता है? किस-किस तरह के नोटिस भेजे जाते हैं? नोटिस का समय पर जवाब क्यों जरूरी है? जवाब न देने पर क्या कार्रवाई हो सकती है? 📌 Income Tax Notice क्यों आता है? आयकर विभाग टैक्स सिस्टम की पारदर्शिता और सही अनुपालन के लिए नियमित रूप से जांच करता है। यदि किसी करदाता की फाइल में गड़बड़ी पाई जाती है, तो विभाग उन्हें नोटिस भेजता है। कुछ आम कारण जिनसे नोटिस भेजा जा सकता है: आईटीआर फाइल न करना गलत जानकारी देना या कोई जानकारी छोड़ देना ज्यादा टैक्स रिफंड क्लेम करना टीडीएस क्लेम में गड़बड़ी बैंक ट्रांजैक्शन और आईट...

Most of us think that gold is only for jewelry or safekeeping in lockers. But in reality, the story goes far beyond that. The Reserve Bank of India (RBI) , India’s central bank, also stores a huge amount of gold. This gold doesn’t just represent wealth — it reflects India’s economic strength and global trust. According to RBI’s recently released annual report , as of March 31, 2025, the bank holds 879.58 tonnes of gold , and its total value has now crossed ₹4.32 lakh crore . This is not just a shocking figure, but a powerful indicator of India’s growing economic might. 🔶 How much gold does RBI hold? As per the RBI’s report for the financial year ending March 31, 2025 , it holds a total of 879.58 tonnes of gold . This marks an increase of 57.48 tonnes over the past year. In March 2024, the RBI had 822.10 tonnes of gold, which has now gone up to 879.58 tonnes. This gold is divided into two departments: Issue Department – 311.38 tonnes Banking Department – 568.20 tonnes ...

In today’s fast-moving world, personal loans have become one of the most popular ways to manage sudden financial needs — whether it's paying for a wedding, covering a medical emergency, renovating your home, or even funding a vacation. But here’s the truth: While personal loans are easy to get, they can be hard to manage if you’re not careful. Many borrowers make the mistake of only focusing on the loan amount and EMI, ignoring other key details that come back to haunt them later — in the form of high interest rates, hidden charges, or a bad credit score. So before you rush into applying for that personal loan, let’s break down 6 critical things you must know to protect your financial health and avoid future stress. 🧾 What Exactly Is a Personal Loan? A personal loan is an unsecured loan offered by banks, NBFCs, and digital lenders. “Unsecured” means you don’t need to pledge anything — no house, gold, or other assets. The loan is granted based on your income, credit score, ...

📌 "अगर आप भी चेक से लेन-देन करते हैं, तो यह जानकारी आपके लिए बेहद जरूरी है – वरना एक गलती आपके पैसे पर भारी पड़ सकती है!" चेक (Cheque) आज भी एक भरोसेमंद और पारंपरिक तरीका है पैसों के लेन-देन का। खासकर बड़ी रकम के लेनदेन में आज भी लोग चेक का इस्तेमाल करते हैं। लेकिन चेक से जुड़े कुछ नियम ऐसे हैं, जिनके बारे में बहुत कम लोगों को जानकारी होती है। विशेषकर चेक के पीछे साइन (हस्ताक्षर) कब करने होते हैं , इस बारे में करीब 90% लोग अनजान होते हैं। गलत तरीके से साइन करने पर या सही स्थिति में साइन न करने पर आपका चेक अमान्य (invalid) हो सकता है या आपके पैसे किसी गलत हाथ में भी जा सकते हैं। आइए इस लेख में हम विस्तार से समझते हैं – चेक के पीछे हस्ताक्षर कब जरूरी हैं, कब नहीं, और इसके पीछे की वजहें क्या हैं। 🔍 सबसे पहले समझें – चेक कितने प्रकार के होते हैं? चेक मुख्य रूप से दो प्रकार के होते हैं: बीयरर चेक (Bearer Cheque) ऑर्डर चेक (Order Cheque) इन दोनों प्रकार के चेक का उपयोग और सुरक्षा नियम अलग होते हैं। चेक के पीछे साइन करने की आवश्यकता भी इसी पर निर्भर करती है। 🧾 1...

If you have rented a locker at any public or private bank in India to store jewellery, cash, or other valuable items, this update is for you. The Reserve Bank of India (RBI) has introduced new regulations concerning bank locker agreements , and not following them could result in your locker being sealed . 🔍 What Has Changed? The RBI has issued revised guidelines that require all bank locker holders to sign a fresh locker agreement with their respective banks. This move is part of the central bank’s efforts to improve security, transparency, and accountability in locker services offered by banks. 📄 What Is the Revised Locker Agreement? The Revised Locker Agreement is a legally binding document that outlines: Rights and responsibilities of both the bank and the locker holder Safety protocols for locker access Compensation clauses in case of loss or damage due to bank negligence Clear procedures for locker operation and complaint redressal Under these new terms,...