Bank Account

Panic Withdrawal From Central Bank Of India's Tamil Nadu Branch Over NPR Controversy

Tamil Nadu News | Written by J Sam Daniel Stalin | Wednesday January 22, 2020

Rs 4.5 crore cash, largely deposits in savings bank accounts, have been withdrawn in panic from the Kayalpattinam branch of the Central Bank of India in Tamil Nadu's Tuticorin district since Saturday.

Jio UPI Payments Being Enabled for Select Users Through MyJio App: Report

Jagmeet Singh | Monday January 20, 2020

Jio has updated the MyJio app with the ability to let users make UPI payments, according to a media report. The new option is believed to make the competition stronger for platforms such as Google Pay and WhatsApp that are largely driving UPI transactions in India.

Bengaluru Bank Vows To Return Every Penny, Depositors Panic

Business | Indo-Asian News Service | Tuesday January 14, 2020

Hundreds of Sri Guru Raghavendra Sahakara Bank depositors on Tuesday showed up to withdraw the Rs 35,000 allowed by the RBI.

RBI Imposes Rs 35,000 Withdrawal Limit For Sri Guru Raghavendra Sahakara Bank Account Holders

Business | Edited By Abhishek Vasudev | Tuesday January 14, 2020

The Reserve Bank of India has imposed withdrawal limit of Rs 35,000 for savings, current or any other deposit account holder of the Bengaluru-based Sri Guru Raghavendra Sahakara Bank.

RBI Unveils 5-Year National Strategy For Financial Inclusion

Business | IANS | Saturday January 11, 2020

Currently, the Pradhan Mantri Jan Dhan Yojana (PMJDY) is the government's financial inclusion programme, applicable to the 10 to 65 years age group, and aiming to expand and make affordable access to financial services such as bank accounts, remittances, credit, insurance and pensions.

PhonePe Launches 'Liquid Fund', Says Users Can Earn FD-Like Returns

Indo-Asian News Service | Wednesday January 8, 2020

Customers can withdraw their money instantly. For Instant withdrawal, they can withdraw 90 percent of the balance, up to Rs. 50,000 per day that will be credited to the user's bank account within 30 minutes.

After Shiv Sena-Amruta Fadnavis Duel, Civic Body To Shift Axis Bank Account

India News | Press Trust of India | Thursday December 26, 2019

The Shiv Sena-ruled Thane Municipal Corporation has decided to shift its salary accounts from Axis Bank to a nationalized bank, an official said. The development follows a war of words on social media between Shiv Sena's Priyanka Chaturvedi and former Maharashtra Chief Minister Devendra Fadnavis' wife Amruta, who holds a senior position at the bank...

Centre Refuses To Share Swiss Bank Account Details Of Indians: Report

India News | Press Trust of India | Monday December 23, 2019

The Finance Ministry has declined to share Swiss bank account details of Indians saying it is covered under "confidentiality provisions" of a tax treaty signed between India and Switzerland.

No Need To Mention Religion For Bank A/C, KYC: Finance Secretary

Business | Indo-Asian News Service | Sunday December 22, 2019

Banking and Finance Secretary Rajiv Kumar, in a tweet, said: "No Indian citizen has to disclose his/her religion for opening a bank account, for old account or for KYC formalities." He has asked bank customers not to believe in such rumours and fake news.

Indians Don't Need To Declare Religion For Bank Account: Finance Ministry

India News | ANI | Sunday December 22, 2019

The Central government on Saturday dispelled rumours claiming that Indian citizens will need to disclose their religion in their bank's ''Know Your Customer'' (KYC) forms.

UK High Court Orders Pak To Pay 35 Million Pounds To Nizam Of Hyderabad

India News | Press Trust of India | Friday December 20, 2019

A UK High Court judge, who ruled in favour of India in a decades-old legal dispute with Pakistan over funds belonging to the Nizam of Hyderabad at the time of Partition in 1947 and deposited in a London bank account, on Thursday ordered Pakistan to pay millions of pounds in legal costs.

As Giants Reliance, ICICI, HDFC Bank Lead Rally, Investors Weigh Options

Business | Ronojoy Mazumdar, Bloomberg | Monday December 9, 2019

The S&P BSE Sensex has risen about 12 per cent from a low in September, with three members -- Reliance Industries Ltd., ICICI Bank Ltd. and HDFC Bank Ltd. -- accounting for 61 per cent of all the gains.

2 Russians Used Largest Pieces Of Malware Ever, Stole Millions From Banks

World News | Devlin Barrett, Matt Zapotosky, The Washington Post | Friday December 6, 2019

U.S. and British law enforcement officials announced charges Thursday against two Russian nationals they believe responsible for separate global hacking schemes that deployed some of the largest pieces of malware ever seen to swipe tens of millions of dollars from the bank accounts of unsuspecting victims.

Over Rs 12 Crore Stolen From AIIMS Bank Accounts, SBI Alerts Its Branches

India News | Press Trust of India | Sunday December 1, 2019

The country's top medical institute AIIMS fell prey to a banking fraud as over Rs 12 crore has been stolen from its two bank accounts with the State Bank of India by allegedly using "cloned cheques" over the past one month, official sources said.

RBI Enhances Scope Of Non-Resident Rupee Accounts

Business | Indo-Asian News Service | Sunday November 24, 2019

To popularise cross-border transactions in Indian rupee, the Reserve Bank of India has enhanced the scope of 'Special Non-resident Rupee'.