Bank account

Not having your PAN linked with Aadhar card will give rise to a slew of problems, as the former is among the most important government documents, required in almost every identification process. The mandatory step to link you Permanent…

Rs 330 Will Be Deducted From Your Bank Account This Month If You Have Opted This There have been multiple instances recently where a debit entry of Rs. 330 has been detected in bank statements of savings account holders. Why is…

From paying for movie tickets to utility bills, Google Tez can do it all. Digital payments has already received a boost post demonetization in the country

Twice in the 2 months, Reserve Bank of India (RBI) has taken a proactive approach in dealing with fraud bank transactions via online medium. On June 1st, RBI had declared that Rs 5000 shall be the maximum liability for consumers in…

In the last couple of months, bank account holders have been receiving urgent SMSes and calls from banks, asking to link their Aadhaar cards with the bank accounts. I have personally received around 10 such messages from HDFC Bank, and…

Centre for Internet & Society (India), a leading Bangalore-based think tank on multidisciplinary research and advocacy has revealed that more than 13 crore Aadhaar numbers and 10 crore bank accounts linked with Aadhaar have been…

Under FATCA provision (Foreign Account Tax Compliance Act), Income Tax Department has asked all banks and financial institutions to seek self-certification from bank account holders, before April 30th. Failure to do so will lead to…

The surgical strike against black money continues with full force, as banks are now overflowing with deposited money, even as black money hoarders are discovering new ways to convert their wealth into white. In order to stop the…

After Aadhaar card linked businesses, smartphones,and railway tickets, it’s the turn of banking sector to aggressively push linking of bank accounts with Aadhaar database. Govt. of India is pushing all banks to encourage their…

As PM Modi led BJP Govt. completes two years today, one of the financial inclusion schemes initiated 18 months ago by this Govt. has received raving appreciation all over. Pradhan Mantri Jan Dhan Yojana, launched in August, 2014 with…