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HOW MANY BANK ACCOUNTS CAN A PERSON HAVE IN INDIA
NRO account for NRIs: Which funds can be deposited, tax on interest and repatriation rulesFor NRIs, establishing or converting an existing bank account is vital upon confirming non-residence status. An NRO account facilitates the...
Foreign bank balance may be small, but its value could be much higher: How FAST-DS 2026 values your foreign assetsA foreign bank account with a small closing balance may have a much higher value under FAST-DS 2026. This article explains how different ty...
Making people redundant is a no-win: Revolut India CEO on AI job cutsAs large private banks and financial institutions trim headcount to automate their workforce, Revolut’s Paroma Chatterjee believes it is cr...
‘99% accuracy is not enough’: SBI chairman lays out three rules for trusted AIFinancial institutions must build trust into agentic AI systems from the outset. These systems require 100% accuracy and consistent perform...
Should you have multiple bank accounts? Here’s how many you really needShould you keep all your money in one bank account or spread it out? While multiple accounts can aid in budgeting and offer deposit insuran...
Indian banks' names keep fading from your loan documentsThe landscape of retail lending is shifting as non-bank lenders swiftly embrace smaller ticket personal and consumer durable loans. NBFCs a...
India's retail credit market shifts to rural, GenZ borrowers via digital platformsYounger consumers and rural households are driving India's retail credit market growth. These aspirational borrowers now account for most n...
Buying a car? Here’s how much of your income you should actually spend
Quote of the Day by Tyra Banks: “Not wearing make-up? I can… – Inspiring lessons on beauty, glamour, authenticity, individuality and why confidence is the best accessory by the American model known for timeless elegance and deep insights on fashion and empowermentQuote of the Day by Tyra Banks: Tyra Banks’ quote, “Not wearing make-up? I can do it, and don't think twice,” explores the importance of se...
Bank OTPs were sent to duplicate SIM card instead of real one, audit company loses Rs 79 lakh; Bank of India ordered to pay Rs 1.5 croreAn IT Act adjudicating authority has ordered Bank of India to pay Rs 64.44 lakh, which works out to nearly Rs 1.5 crore with 12% annual int...
Quote of the day by Lex Luger, 'Many times, the decisions we make affect and hurt our closest friends and family the most' offers love, caring, empathy, kindness, compassion for family, friendship, near and dear onesQuote of the day by Lex Luger is a reminder that our choices create ripples, and the people standing closest to us may feel those ripples m...
Returning to India from the UK? Capital gains and inheritance tax may still applyNon-resident Indians should note that leaving the UK doesn't automatically terminate tax residency. Retaining connections might keep your t...
Suniel Shetty, Ghazal Alagh, and many serial Entrepreneurs to visit Odoo Experience, championing MSME digitisation.Odoo Experience India 2026 underscores a transformative approach to ERP accessibility for Indian MSMEs. The prevalent reliance on antiquate...
Can NRIs gift money to an HUF and save tax? Check these income clubbing and tax rules before transferring fundsNRIs have the opportunity to gift money to their Hindu Undivided Family (HUF) without incurring immediate tax obligations. However, it's im...
Can an NRI be a nominee for PPF, NSC or SCSS? Here’s what happens to the money after the account holder diesNRIs can now be nominees for India's small-savings schemes like PPF and NSC, a change from 2023. While they can receive proceeds, repatriat...
SBI customer alert: UPI services to remain unavailable for 45 minutes on September 4; check timingsState Bank of India UPI services will be unavailable for a short duration this week. Customers should note the scheduled maintenance period...
Why people keep checking their bank balance on app even when they already know how much money they have. Psychologists explain the habitChecking your bank balance repeatedly, even when you already know how much money is in your account, may seem like a meaningless habit. But...