Page 5 - Bank Accounts

Now, make central KYC registry fully operational

When you change your address or carry out any other KYC formality with one entity (say, your bank), this information should spread to ­all entities

What are the types of bank accounts in India?

India has different types of bank accounts for different purposes. Find out the various types of accounts that can help you decide which one suits your requirements best

TMS Ep57: Big tech scrutiny, pay-later cards, markets, bank accounts

Is Google facing less scrutiny than Facebook? What's the lure of pay-later cards? What's Julius Baer APAC head's take on equity outlook? What are the types of bank accounts? Find all answers here

'The Account Aggregator framework is a game-changer'

By sharing information digitally and securely through the AA framework, lenders get a host of data points like bill payments and investments to assess creditworthines

Story in numbers: Goa sees rise in women-owned bank accounts, shows data

As in many other state, in Goa too, assertion by women is backed by their capacity to take financial decisions

RBI eases current account opening rules for exposure below Rs 5 cr

Rules changed after feedback from the Indian Banks' Association and other stakeholders, says the regulator

Ensure smooth transfer of assets

To ensure that the nominee becomes the account's beneficial owner in the absence of a Will would require laws to be changed

Crores of rupees deposited in bank accounts of two boys in Bihar

Both the children are native of Pastia village in Bagahura Panchayat with bank accounts in Uttar Bihar Gramin Bank

Need to ensure orderly growth of account aggregator ecosystem: RBI Dy Guv

The account aggregator ecosystem in the country is in a nascent stage and there is a need for its orderly growth, Reserve Bank of India's deputy governor M Rajeshwar Rao said on Thursday.

Beyond bank accounts

Protect investor confidence to increase financial inclusion

Statutory nominations can reduce disputes

The life insurance kind of 'statutory nomination', which confers final ownership on the nominee, is the need of the hour for all assets

SBI collects Rs 300 cr from zero balance accounts in 5 years: Study

Several banks, including State Bank of India (SBI), have been imposing excessive charges on certain services provided

E-wallets are similar to bank accounts, but more convenient: Experts

Will help those who can't ensure minimum balance

Rs 1.15 trn transferred to 107.5 mn farmers under PM-Kisan: Tomar

The Centre on Wednesday said it has transferred over Rs 1.15 lakh crore directly to bank accounts of more than 10.75 crore farmers under the PM-KISAN scheme and asked states to ensure that all eligible beneficiaries are covered in this flagship programme. Addressing a function on the occasion of the second anniversary of the PM-KISAN, Union Agriculture Minister Narendra Singh Tomar said the government has enhanced the income of farmers by providing Rs 6,000 annually to farmers under this scheme in three equal instalments. The scheme was launched by Prime Minister Narendra Modi on February 24, 2019, from Gorakhpur in Uttar Pradesh. Separately, Modi tweeted about the anniversary that his government ushered a historic increase in the Minimum Support Price (MSP) for crops and was doing everything possible to double the income of farmers. He also said that over the last seven years, the government has taken many initiatives for transforming agriculture. From better irrigation to more ..

Sebi orders attachment of bank, demat accounts of Sunshine Global Agro

Markets regulator Sebi has ordered attachment of bank and demat accounts of Sunshine Global Agro and its directors to recover dues

Lakshmi Vilas Bank depositor? Spread deposits across banks to lower risks

If you hold an account at Lakshmi Vilas Bank, which has been placed under a moratorium restricting withdrawal of more than Rs 25,000, you must have many queries. We try to answer some of them.

Call centre fraud: CBI searches premises of 6 private software companies

The CBI has seized digital evidence, bank accounts and other incriminating documents worth Rs 190

Re-validation of details may be needed for cheques above Rs 50K from Jan 1

Availing of this facility would be at the discretion of the account holder

Scared of online scams and money laundering? Learn how to deal with them

Online scams and money laundering are not a recent phenomenon. But it is back in the news again

Watch out for red flags: Renting your bank account is inviting trouble

If you are offered an excessively attractive sum for this purpose, be warned