Bank Accounts

Aadhaar Seeding Mandatory For Bank Accounts Under KYC, Says RBI. Five Things To Know

Business | NDTV Profit Team | Saturday April 21, 2018

RBI said aadhaar norms have been revised because the government had amended laws on prevention of money laundering

SBI Zero Balance Savings Account: How To Open It And Other Details Here

Business | NDTV Profit Team | Monday April 16, 2018

The rate of interest applicable to SBI savings bank account with zero balance is same as that of SBI's savings bank account.

SBI Savings Bank Account Compared To Savings Plus Account

Business | NDTV Profit Team | Monday April 16, 2018

Interest on SBI savings accounts is between the 10th and the last day of the month. Interest is credited on June 30 and December 31 every year.

SBI Savings Bank Accounts For Minors: From Eligibility To Interest Rates

Business | NDTV Profit Team | Friday April 13, 2018

There is no monthly average balance (MAB) requirement for opening SBI's savings accounts for minors.

SBI's Latest Minimum Balance Rules, Penalty For Keeping Insufficient Balance

Business | NDTV Profit Team | Thursday April 5, 2018

New minimum balance rules announced recently by SBI or State Bank of India came into effect on April 1, 2018. SBI, which had last month reduced by up to 75 per cent its penalty charges for keeping insufficient average minimum balance in savings bank accounts, currently charges a penalty for non-compliance with its average monthly balance rules. Thi...

Probe Agency Attaches Assets Of Main Accused In 2016 Bihar Topper Scam

India News | Press Trust of India | Saturday March 31, 2018

The Enforcement Directorate today said that it has attached assets worth Rs 4.53 crore, including 29 plots and deposits in ten bank accounts, of the main accused in the Bihar topper scam that had rocked the state in 2016.

Income Tax Returns (ITR) Filing Deadline Ends Today. Ten Things To Know

Business | NDTV Profit Team | Saturday March 31, 2018

For filing the ITR online, tax payers must first register themselves on the income tax filing portal

Navjot Singh Sidhu's Bank Accounts Seized For Non-Payment Of Taxes

India News | ANI | Friday March 30, 2018

The Income Tax (IT) department on Thursday seized two bank accounts of Punjab Minister Navjot Singh Sidhu for non-payment of taxes.

Aadhaar Linking Deadlines For Social Welfare, Small Savings Schemes Extended

Business | NDTV Profit Team | Wednesday March 28, 2018

The government on Wednesday extended the deadline to link Aadhaar card numbers with social welfare schemes as well as small savings schemes like public provident fund (PPF), National Savings Certificate (NSC) etc. Aadhaar, the 12-digit unique identity number issued by the Unique Identification Authority of India (UIDAI), is required to be linked wi...

Income Tax Department Freezes Certain Cognizant Bank Accounts

Business | Thomson Reuters | Wednesday March 28, 2018

A Cognizant spokesman confirmed the report and said in a statement that a court has instructed the tax department not to take further action pending further hearings.

I-T Department Freezes Cognizant's Accounts Chennai, Mumbai Over Tax Irregularities

India News | Reuters | Wednesday March 28, 2018

The Income Tax department has frozen Cognizant Technology Solutions Corp's bank accounts and deposits in Chennai and Mumbai for allegedly evading a dividend distribution tax (DDT), according to a report on Tuesday.

SBI Opened 2.10 Crore Savings Accounts In 2017-18: Five Things To Know

Business | NDTV Profit Team | Wednesday March 28, 2018

State Bank of India (SBI) has opened 2.10 crore savings bank accounts in financial year 2017-18 or fiscal year ending on March 31, the bank said on Tuesday. Out of these 2.10 crore savings bank accounts, 1.10 crore are Pradhan Mantri Jan-Dhan Yojana (PMJDY) accounts, SBI said. PMJDY accounts are exempt from maintaining any average monthly balance, ...

State Bank of India (SBI) Loses 41.16 Lakh Savings Account Customers In Fiscal 2017

Business | NDTV Profit Team | Thursday March 22, 2018

State Bank of India (SBI) closed as many as 41.16 lakh savings bank accounts between April-January

How Safe Is Aadhaar Data? 10 Things To Know

Business | NDTV Profit Team | Sunday March 18, 2018

Aadhaar is secure and nothing can impact the security of Aadhaar database, said Unique Identification Authority of India (UIDAI) in a series of tweets posted on its official handle-uidai.gov.in. According to UIDAI, the entire Aadhaar system is secure. This clarification came after rumours were surfaced on social media that Aadhaar PDF has been avai...

SBI's New Changes: Charges For Insufficient Balance, Closure Of 41 Lakh Savings Bank Accounts

Business | NDTV Profit Team | Sunday March 18, 2018

During the current financial year, 2.10 crore savings bank accounts were opened, of which 1.10 crore accounts are Pradhan Mantri Jan-Dhan Yojana accounts, which are exempt from average monthly balance requirement, SBI said.