New Delhi: Government has exempted the banking correspondents from service tax for opening savings account under Pradhan Mantri Jan Dhan Yojana (PMJDY). In a release, Finance Ministry said, this has been done to promote financial inclusion. It said, the services provided by any person as an intermediary to a business facilitator related to account opening, cash deposits, cash withdrawals, obtaining e-life

certificates and Aadhar seeding, have also been exempted from Service Tax. 

PMJDY, a national mission on financial inclusion, was launched by Prime Minister Narendra Modi last year, with the main objective of covering all households with at least one bank account per household across the country. More than 18 crore accounts have been opened under the scheme, so far.

No Comments For This Post, Be first to write a Comment.
Leave a Comment
Enter the code shown:

Can't read the image? click here to refresh
etemaad live tv watch now

Todays Epaper

English Weekly

neerus indian ethnic wear
Latest Urdu News

Which Women's cricket team will win the Asia Cup 2024?

Sri Lanka