SBI Account-Aadhaar linking: It is mandatory for customers to link Aadhaar with all savings accounts with the State Bank of India (SBI), India's largest lender. SBI provides you with multiple channels to link your Aadhaar number to your existing account. Here's simple steps to do it online or through ATM.
Online Banking Users attention: Online banking or net banking credentials are very confidential that we should never share it with anyone. However, unknowningly we end up doing a big mistake every time we do internet banking transaction through our home WiFi internet.
Are you are the one who holds more than two bank accounts and don’t use them frequently? If yes, then you need to close it or reactivate it soon to avoid any specific charges asked by your bank. According to the RBI’s norm, if a customer discontinues using his or her account for 12 consecutive months then banks will automatically make then inactive, and more than extra inactive 12 months will make it a dormant account. So, we are here to guide you as to how you can close your inactive bank account.
We are often caught up with apprehensions where privacy of any kind is concerned. Similarly, linking of Aadhaar has not remain untouched in this regard. Some users may have concerns regarding protection of their personal information when they link their bank account, PAN or other services with Aadhaar. Does that make you vulnerable? Well, here's your answer.
The penalty became a contentious issue when it was reported that public sector banks collected Rs 2320.96 crore in FY18 by imposing a fine on customers who do not maintain their minimum monthly average balance.
The apex court had on December 7 said that a Constitution bench will hear the various plea for interim relief on the mandatory linking of Aadhaar with bank accounts and the Permanent Account Number.
The notification by the Department of Revenue in the finance ministry effectively paves the way for extending the deadline for mandatory quoting of Aadhaar for activities like the opening of a bank account.
Failing to link Aadhaar with services like bank accounts and mobile numbers could lead to unnecessary trouble.
While the government continues to push towards Prime Minister Narendra Modi’s dream of ‘cashless India’, a rather alarming revelation seems to be raising several questions on the security of bank account data of Indians.
The Income Tax Department on Tuesday said that accounts opened between July 2014 and August 2015 will have to submit know your customer (KYC) details and their Aadhaar number to banks and financial institutions by April 30.
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