When any bank account is not used for more than three years, the banks, because of lack of activity, classify it as dormant or inactive. These accounts can be reactivated easily.
Issuing a notification, the RBI asked all banks to take necessary steps urgently to bring down the number of inoperative/frozen accounts and make the process of activation of such accounts smoother and hassle-free.
Know how to use UPI Circle to enable UPI transactions for family members without bank accounts. Discover how UPI Circle allows multiple users, including children and the elderly, to make payments through a single account with easy setup.
Maldivian President Mohamed Muizzu has accused the opposition of attempting to stage a "financial coup" and said all those behind the plot to topple his government would be brought to justice.
Ahead of the Lok Sabha elections, a newspaper cutting went viral on social media claiming that those who fail to vote in the upcoming polls, an amount of Rs 350 will be deducted from their bank accounts. Know the truth here.
Ajay Maken said Income tax has also asked for Rs 210 crore recovery from Youth Congress and Congress party. Meanwhile, Congress president Mallikarjun Kharge has accused Modi government for this.
The CID has been carrying out a massive operation against cybercriminals in Jharkhand.
Delhi High Court granted one week to the ED to file its response to the petition and listed the matter for further hearing on July 28.
"Accounts of some officials from the previous govt, most of whom fled the country, have been closed," Samangani was quoted as saying.
The amendment to the Deposit Insurance and Credit Guarantee Corporation (DICGC) Act, 1961 is the budget announcement made by the Finance Minister and the Bill is almost ready, sources said.
Punjab Finance Minister Manpreet Singh Badal on Thursday said the state government has "no choice" but to implement the Centre's mandated instruction on direct bank transfer of MSP to farmers from the current season.
The last time a PM attended an event at AMU was Lal Bahadur Shastri in 1964. Before him, prime minister Jawaharlal Nehru had visited AMU four times.
At least 32 bank accounts including Nizamuddin Markaz chief Maulana Saad and other Markaz members have been freezed by the Delhi crime branch department as part of the ongoing investigation.
If you have multiple bank accounts, then this is important for you! There are some circumstances that you may face if you have opened more than one account.
Bank Holidays In October 2019: Banks to remain closed on the occasion of Diwali, Dussehra, and other festivals or national event in the month of October. Notably, the central government holidays are applicable to all public and private sector banks.
PMC Bank Crisis: The Reserve Bank of India's banking restrictions on Punjab and Maharashtra Cooperative Bank (PMC Bank) has left lakhs of depositors into a huge snag. What will happen to depositors money if the bank fails? How RBI's restrictions hurt lakhs of PMC Bank depositors?
Mahesh Babu has skipped the Service tax during 2007-08 for the taxable services he has offered as the brand ambassador, appearance money and advertising during this tenure.
Earlier, foreign portfolio investors (FPIs) had to file a separate form to register themselves with the market regulator Sebi.
The Union Ministry of Finance on Friday said more than 87 crore bank accounts have been linked with the 12-digit unique identity number Aadhaar in the country till early March. The deadline for linking Aadhaar to bank accounts is March 31.
A police team probing the case zeroed down on the suspect's IP address used for the unauthorised transfer of the amount into the e-wallets.
Top News
Latest News
