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BANK DENIED ACCESS TO FIXED DEPOSITS
Bank restricted access to matured fixed deposits worth Rs 13.8 lakh, allowed customer to withdraw only Rs 50,000, ordered to pay Rs 14.15 lakhA district consumer commission in Thiruvananthapuram has ordered a cooperative bank to pay a widow over Rs 14.15 lakh after it blocked her ...- Bank of India Credit Risk among top 5 mutual funds that beat fixed deposits in 3 years with over 10% gainsDebt funds whose returns are more than a conventional fixed deposit instrument.
- Mother nominated son in her savings bank a/c, but both died, father faced long delay in getting funds; Consumer Commission orders Rs 10,000 compensationErnakulam, Kerala: Husband faced challenges and long delay in accessing late wife’s savings bank account as nominee died; Consumer commissi...
- Medicine shop owner deposits Rs 2.47 crore cash in bank account, gets income tax notice for unexplained cash; wins case in ITAT Delhi for this reasonMr Kumar, a medicine shop owner had deposited Rs 2.47 crore cash in his bank account during demonetisation period, he got an unexplained ca...
- Personal loan growth rises to 16.9% in August: RBIBank credit growth strengthened across major sectors in August, with personal loans rising 16.9% year-on-year to ₹72.9 lakh crore, up from ...
- Grain trader deposited Rs 5.2 crore cash in bank, filed ITR declaring Rs 7.65 lakh income, got unexplained deposit income tax notice; won case in ITAT Delhi for this reasonWhen Mr Kumar, a grain trader from Rampur deposited Rs 5.2 crore cash in his bank account and filed an Income Tax Return (ITR) declaring Rs...
- FD interest rate rules change from October 1: What depositors need to know
- NRE vs NRO FD TDS rules: Tax rate for NRIs, PAN rules, DTAA benefit and repatriation limitWhen it comes to Non-Resident External (NRE) and Non-Resident Ordinary (NRO) fixed deposits, understanding their distinct tax implications ...
- SBI seeks clarity on handling of bank accounts, deposits under FCRA billState Bank of India officials are seeking clarity on handling accounts when an organization’s registration is suspended. They highlighted r...
- SBI seeks clarity on bank accounts under proposed FCRA rulesState Bank of India presented to the Joint Parliamentary Committee regarding the Foreign Contribution (Regulation) Amendment Bill. Official...
- Groom gets Rs 10 lakh cash and gold jewellery from wedding guests. Now he has to keep record of these gifts. But why?A wedding gift of ₹10 lakh in cash sounds like a reason to celebrate, but one woman's post about her cousin's gift has sparked a very diffe...
- My NRI status changed. Will interest earned on my NRE FDs be taxable in India?ET Wealth reader's query: I was an NRI until FY2024–25. After relocating to India, my residential status changed to ‘resident’ from FY2025–...
- Do banks report deposits over $10,000 to the IRS? What really happens when you cross the cash reporting thresholdA cash deposit exceeding $10,000 in a single day triggers an automatic report to the federal government. Financial institutions do not make...
- 5 rule changes from October 1: SBI ATM charges, MDR on UPI, bulk FD rates, KYC for LPG subsidy and moreIn October 2026, significant changes to banking and finance regulations will take effect, impacting numerous services. Furthermore, the Res...
- Premium travel cards are changing as banks tie perks to broader customer relationships; here’s what you need to knowA bank can afford to give an affluent customer a highly rewarding credit card if that card helps persuade the customer to consolidate asset...
- SBI's growth mantra: Digital first, customer first, nation always, says chairman C S SettySBI aims to harness digital banking and strengthen customer relationships as part of its growth strategy. The bank's total business could p...
- FD rate up to 8.3% for senior citizens investing for three years; know the list of banksFor senior citizens aged 60 and above, numerous banks are offering fixed deposit interest rates as high as 8.5%. Jana Small Finance Bank ha...
- FD interest rate rules to change from October 1, 2026: Uniform interest rates on bulk deposits, daily rate updates and more that depositors need to knowEffective from October 1, 2026, the Reserve Bank of India will implement new rules concerning bulk fixed deposits. Every bank will be manda...
- Banks likely to deploy FCNR(B) liquidity in coming months as festive credit demand rises: RBI Deputy GuvReserve Bank Deputy Governor Rohit Jain stated that banks are expected to deploy additional liquidity from FCNR(B) deposits. This deploymen...
- FD-backed SBI credit card: Advantage SBI Card launched; who can benefit from it?SBI Card has introduced the Advantage SBI Card through the SBI YONO app, making it simpler than ever for customers to apply. This innovativ...
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