Bank Accounts

Wednesday, Apr 17, 2024 | Last Update : 03:34 AM IST

The auction for the accounts will be held under the 'Swiss Challenge Method', based on an existing offer in hand.

SBI to conduct e-auction of 11 accounts to recover dues of Rs 467 crore

The bank said the financial assets were showcased on October 12 and the e-auction will take place on November 7.

21 Oct 2019 12:03 PM

Any user who has linked his mobile phone number with a bank account can carry out transactions on BHIM app.

Govt to enable access of multiple account linking on BHIM app

The official said the next version of BHIM will give full-fledged competition to private payment platforms.

06 Aug 2019 7:02 PM

The Parliament, earlier this month, passed an amendment bill which allows voluntary use of Aadhaar as proof of identity for users to open bank accounts and get mobile phone connections. (Photo: File | PTI)

UIDAI to soon select adjudicating officer for inquiry in contravention cases

According to the source UIDAI hopes to select the adjudicating officer in next month and half.

21 Jul 2019 1:06 PM

The amendment, along with 28 others, were approved by a voice vote by the Lok Sabha, which passed the Finance Bill 2019.

Cash withdrawal from multiple accounts to be aggregated for levying 2 pc TDS

Two per cent tax will be charged if aggregate cash withdrawal from one or more accounts exceeds Rs 1 crore.

19 Jul 2019 9:38 AM

Reserve Bank of India (RBI) specifies Know Your Customer (KYC) norms to be followed by banks and other entities regulated by it for various customer services, including opening of bank accounts.

Banks can use Aadhaar for KYC with customer's consent: RBI

RBI said that 'Proof of possession of Aadhaar number' has been added to the list of Officially Valid Documents.

30 May 2019 9:35 AM

As many as 20 lakh people have joined the modified Pradhan Mantri Jan Dhan Yojna (PMJDY), taking the total number of account holders in the flagship financial inclusion programme to 32.61 crore as on September 5, according to finance ministry data.

20 lakh people join modified JanDhan scheme, total account holders 32.61 cr

About 53 per cent of PMJDY account holders are women, while 83 per cent of the total accounts are seeded with Aadhaar.

16 Sep 2018 11:08 AM

ICICI Bank shares soared nearly 9 per cent in intra-day trade on Thursday after the company denied media reports alleging covering up of bad loans.

ICICI Bank shares soar nearly 9 pc; m-cap rises by Rs 9,519 crore

Buying was also seen in other bank stocks, with Axis Bank surging 3.86 per cent and SBI rising 2.53 per cent on BSE.

09 Aug 2018 6:33 PM

For the fifth consecutive month, debt-laden Air India has not paid salaries to its employees on time and is yet to communicate the possible date of payments, sources said.

Air India again delays salaries; employees yet to get pay for July

Jayant Sinha told the Lok Sabha that there was a short delay in the payment of salaries for May and that the same was paid subsequently.

06 Aug 2018 7:34 PM

The previous deadline for linking the PAN, and the unique 12-digit identification number was March 31.

CBDT extends deadline for linking Aadhaar with PAN

CBDT extended deadline for linking the Permanent Account Number (PAN) with Aadhaar to June 30.

28 Mar 2018 10:40 AM

As per rules, if existing account holders do not submit Aadhaar by March 31, 2018, their accounts will cease to be operational.

Government extends Aadhaar linking to March 31

As of November, 13.28 crore out of 33 crore PANs have been linked to the 12-digit biometric identifier Aadhaar.

14 Dec 2017 7:31 AM

At times, the caller first asks the victim for their Aadhaar number and then tells them it is a verification call. (Representational Image)

Beware: Aadhaar cons on the loose

Fraudulent withdrawal of money from accounts of victims leaves police baffled.

04 Nov 2017 2:25 AM

The woman, in her petition filed earlier this week, sought to be appointed as her husband's guardian in the absence of specific legal provisions to deal with the rights of such patients so that she can use his account to fund his medical care. (Photo: Representational/File)

Woman approaches Bombay HC seeking access to ill husband's bank accounts

Division bench headed by Justice S M Kemkar was hearing the woman's petition claiming that her husband has been comatose for over a month.

12 Oct 2017 1:09 PM

The name and surname is often differently spelt in the Aadhaar card and bank account.

Telangana: Bank accounts with wrong Aadhaar face chop

The banks have told the Centre that 68 per cent of accounts have been linked with Aad-haar numbers across the country.

25 Aug 2017 6:46 AM

IT Minister Ravi Shankar Prasad. (Photo: PTI/File)

Nearly 67 crore bank accounts seeded with Aadhaar: IT Minister

CSCs are providing 300 services today, from GST training to training on digital payments.

11 Jul 2017 4:47 PM

Chief Minister Mamata Banerjee during an Iftar Party in Kolkata on Friday. (Photo: PTI)

Making Aadhaar must will make poor suffer: CM Mamata Banerjee

“The poorest of the poor, the marginalised people, will be the worst sufferers if #Aadhaar is made mandatory unilaterally,” Ms Banerjee tweeted.

17 Jun 2017 5:11 AM

Govt makes Aadhaar mandatory for opening bank accounts

Existing bank account holders have been asked to furnish Aadhaar number by Dec 31, 2017.

16 Jun 2017 3:53 PM

Government has laucnhed massive crackdown on black money hoarders.

60,000 'black money hoarders' under I-T scanner

CBDT has already detected undisclosed income over Rs 9,334 crore from Nov 9, 2016 to Feb 28 this year.

14 Apr 2017 10:58 AM

Aadhaar is a unique identity given to every Indian.

Aadhaar not mandatory to fulfill FATCA provisions

Income tax department on Thursday specified April 30 deadline for self-certification of 'foreign' accounts.

13 Apr 2017 5:43 PM

Any account with 24 months of inactivity is classified as a dormant account.

Shut unused bank accounts

Having a number of unused accounts may not help you in any way, but it will create complications in tracking all of them.

05 Apr 2017 2:16 AM

Gujarat opened 1.5 million bank accounts since notes recall

Chief minister Vijay Rupani says state also issued 7.5 million RuPay cards after demonetisation.

12 Jan 2017 12:58 PM

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Skand Tayal

bank accounts