Bank Accounts: Latest News and Updates, Top Stories, Videos, Photos About Bank Accounts

No Need To Add Beneficiary Details For IMPS Transactions Up To Rs 5 Lakh; New Rule From February 1, 2024!

From February 1, 2024, transferring up to Rs 5 lakh will become easier via IMPS as there will be no need to add beneficiary details. This is because the NPCI has decided to envisage a convenient customer journey through IMPS which ...

Vivo's Bank Accounts Show Involvement, In Money Laundering, ED Tells HC

The Enforcement Directorate (ED) has claimed in the Delhi High Court that bank accounts of Chinese smartphone maker Vivo, which were seized by the agency, allegedly show its involvement in money laundering and it has been carried out as an attempt ...

SBI Collects Rs. 300 Crore From Zero Balance, BSBDA A/c In 5 Yrs: Report

As per a study by the IIT Bombay, various banks including SBI have been levying high charges on some of the services rendered to poor persons maintaining zero-balance or BSBD account. It has been noted that for BSBDA account ...

Should Joint Account Be Continued For Family Pension After Death of Pensioner?

Often it happens in the case of demise of the pensioner, the spouse is left worried whether a new bank account has to be opened for receiving pension benefits. This is especially true in the case of wives, who are to ...

Paytm Launches BHIM UPI On Its Platform

To fast track the pace at which payment transactions are effected, Paytm Payments Banks today unveiled BHIM UPI on its platform. With this launch users shall be able to develop their own Paytm BHIM UPI id that shall be issued by ...

Aadhaar To Help Catch Money Launderers, Fake Bank Accounts

Linking bank accounts with Aadhaar will help catching money launderers, and fake account holders, Law and IT Minister Ravi Shankar Prasad said. "Why we are linking the bank account to the Aadhaar. If you do money laundering, you can be caught. ...

NRIs And Foreign Nationals Now Have To Declare Details of Overseas Bank Accounts

As against the existing norm, the new section has been introduced in the Income tax return forms, ITR1 and ITR 2, which now on makes it mandatory for NRIs as well as foreign nationals to report their bank account details held ...

5 Reasons To Activate Or Close An Inoperative Bank Account

Crime Patrol, a popular television serial (which telecasts real life stories) recently showed an episode in which Rs 80 lakhs was swindled from an inoperative bank account, of a dead person, which the legal heir had not closed. Such cases of ...

What are Different Types of Bank Accounts in India?

With the advancement in banking technology, many banks are offering tailor made products to suit individual needs. While accounts may differ from bank to bank their purpose remain the same. Many banks have different products on the basis of customer's age, ...

Share info on bank a/c of Indians or face G20: FM tells Switzerland

Upping the ante against Switzerland for not sharing information on Indians stashing money in its banks, Finance Minister P Chidambaram has threatened to drag the European nation to multilateral foras like G20 for continuing to block its requests. Chidambaram, in ...

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