Bank Accounts

Airtel Payments Bank Launches Bharosa Savings Account, Offers Free Insurance Cover Of Rs 5 Lakh

Business | Anshul | Tuesday September 17, 2019

Airtel Payments Bank said it aims to create formal banking behaviours of usage and transactions through a bank account, all accessed through a point more close to the underserved.

10 Things To Know About SBI Minimum Balance Requirements

Business | Edited by Anshul | Sunday September 15, 2019

State Bank of India or SBI, country's largest lender, has set certain rules to ensure sufficient balance in the regular bank accounts of their customers. Regular savings account customers are required to maintain a monthly average balance (MAB) to the tune of Rs 1,000-3,000, according to bank's website- sbi.co.in. The monthly average balance, which...

India Post Payments Bank Rolls Out Aadhaar Enabled Payment Services

Business | Edited by Abhishek Jejani | Monday September 9, 2019

With AePS services, a person with a bank account linked to Aadhaar can perform banking services irrespective of the bank they hold their account with.

Tax Officials To Get Swiss Bank Details Of Indians From Today

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

Banking details of Indians with accounts in Switzerland will be available to tax authorities from Sunday as the automatic exchange of information regime kicks off between the two countries.

Kashmiri Businessman Fined Rs 62 Lakh For Alleged Forex Violation

India News | Press Trust of India | Friday August 30, 2019

The Enforcement Directorate on Friday said it has slapped Rs 62 lakh penalty on Kashmiri businessman Zahoor Ahmad Shah Watali, already facing terror-funding charges, for alleged violation of foreign exchange rules and operating bank accounts in Delhi using fake NRI credentials.

Bank Frauds Jump 74% To Rs 71,543 Crore In 2018-19, Says RBI

Business | Written by Abhishek Vasudev | Thursday August 29, 2019

Reserve Bank of India (RBI) in its annual report said that frauds related to loans constituted dominant share of the total amount involved in frauds.

Minimum Balance Rules Of Top Public, Private Banks Explained Here

Business | Edited by Abhishek Jejani | Sunday August 25, 2019

Minimum Balance Rules: Banks charge a penalty from the customers failing to maintain the required average monthly balance in their savings accounts.

CBI Seeks Help From 5 Countries In INX Media Probe: Sources

India News | Reported by Arvind Gunasekar, Edited by Jimmy Jacob | Friday August 23, 2019

The CBI has contacted five countries for information on shell companies and bank accounts to identify the manner in which kickbacks were allegedly routed in the INX Media case over ten years ago, sources said. Former Union Minister P Chidambaram and his son, Karti, are among those accused in the alleged scam involving jailed media baron Indrani Muk...

"No Question I Haven't Answered": Chidambaram Rejects CBI Claim In Court

India News | Edited by Jimmy Jacob | Friday August 23, 2019

Former Union Minister P Chidambaram on Thursday rejected the prosecution's claim that he was not cooperating with investigation agencies in an alleged money laundering case related to INX Media in 2007. "Please look at the questions and answers, there are no questions that I have not answered -- please read the transcript. They asked me if I have a...

US Millionaire Murdered Wife, Then Used His Wealth To Disappear

World News | Antonia Noori Farzan, The Washington Post | Tuesday August 6, 2019

For years, Peter Chadwick's whereabouts mystified authorities. After being accused of murdering his wife of 17 years in their Newport Beach, California, home, the wealthy real estate investor had posted a $1 million bail, then failed to show up for a pretrial hearing. U.S. Marshals investigating his disappearance turned up a handful of clues: Chadw...

Lakshmi Mittal's Brother Gets Bail In Bosnia, Was Labelled "Flight Risk"

India News | Agence France-Presse | Wednesday July 31, 2019

Pramod Mittal was caught up in the inquiry following the suspicious transfer of 21 million Bosnian marks (nearly 11 million euros, $12 million) from the bank account of a coking plant between 2006 and 2015.

Penalty Charges Levied By Key Banks For Non-Maintenance Of Minimum Balance

Business | NDTV Profit Team | Monday July 29, 2019

From public sector lender State Bank of India (SBI) to its private sector peers HDFC Bank and ICICI Bank, most banks have fixed their own average monthly balance requirements, which vary depending on factors such as branch location. The amount of penalty in case of non-compliance varies in different branch locations, based on factors such as the de...

Gujarat Man Allegedly Conned After Filing Complaint On PMO Website

India News | Press Trust of India | Wednesday July 24, 2019

A man from Gujarat who had filed a complaint on the website of the Prime Minister's Office came in for a rude shock as money was stolen from his bank account by a person who claimed to be working at the "PMO Insurance Cell".

Minimum Balance Rules Of Top Banks Explained Here

Business | NDTV Profit Team | Sunday July 21, 2019

Banks also offer savings accounts which do not require customers to maintain any particular minimum balance

Man Arrested For ATM Fraud From Delhi's Okhla Industrial Area: Police

Delhi News | Press Trust of India | Sunday July 14, 2019

A 28-year-old man has been arrested in Delhi's Okhla Industrial Area for allegedly withdrawing money from bank accounts of people after swapping their ATM cards on the pretext of helping them, police said on Sunday.