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BANK ACCOUNT TYPES IN INDIA
IRS final notice of Intent to Levy: What 30 days means before the IRS can seize money or propertyThe IRS Final Notice of Intent to Levy is a serious warning. It can come before the IRS takes money or property to collect an unpaid tax de...- Can all NRIs, PIOs and OCIs open FCNR (B), NRE and NRO accounts?Individuals classified as Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) are restricted from opening standard resident sav...
- Bank froze businessman's account over income mismatch, now it is asked to pay Rs 50,000 compensation; HC explains whyFish machinery businessman's bank account frozen as he declared 5.76 lakh income but got Rs 23 lakh via RTGS; HC orders bank to pay Rs 50,0...
- Can NRIs open joint FCNR (B) accounts with resident Indian relatives? Know what the latest rules sayNon-Resident Indians are allowed to set up joint FCNR (B) accounts with their resident family members. These accounts must function on a 'F...
- Welspun Corp bags biggest-ever ₹17,200 crore US pipe order, shares soarWelspun Corp secured its largest order valued at $1.8 billion for US pipe supply. This significant contract will be executed during fiscal ...
- SBI customer alert: Basic savings account cash withdrawals beyond 4 times to attract Rs 15 charge from October 1In an effort to revise its fee structure, the State Bank of India will enforce service charges on Basic Savings Bank Deposit accounts. Cust...
- Rupee spins wheels in thin band, shorts await fresh entry pointsThe Indian rupee traded in a narrow range on Thursday, supported by central bank actions. Global factors showed limited impact as the Reser...
- No takers: Public sector banks put ₹39,000 cr of bad loans up for sale againPublic sector banks offered many bad loans previously for sale. Nearly eighty percent of these loans were repeat sale attempts. Indian Over...
- AI in finance: From crunching numbers to making decisions, how far can it go?Artificial intelligence is increasingly assisting in financial tasks and decision-making. Organisations report improved decision quality an...
- Is a savings account more than a place to park your money?Indian households are increasingly recognizing the value of their wealth stored in bank deposits. With savings accounts providing both liqu...
- These 7 bank stocks have an upside potential of up to 27% in one year, according to analystsConsider how things have panned out for the banking sector in Q1 FY27. The quality of loan books has improved. Though credit growth was not...
- Quote of the Day by Tyra Banks: “My nutritionist says, ‘If you bite it, write it.’ Writing down everything that you… – Inspiring lessons on mindful eating, habits, nutrition, lifestyle and why you should listen to your body by the American Model known for her timeless work in fashion and deep insights on health and disciplineQuote of the Day by Tyra Banks: Tyra Banks’ quote, “If you bite it, write it,” explores the importance of awareness, accountability, and mi...
- Institute of Chartered Accountants of India holds public finance workshop for 100 West Bengal MLAsAround 100 West Bengal MLAs attended an ICAI workshop on public financial management and legislative oversight. The session focused on stat...
- Bihar police arrests three men for renting out their accounts for up to Rs 5,000 to cyberfraudsters helping them commit Rs 25 crore fraudThree men were apprehended in Patna for reportedly offering their bank accounts for rent, aiding an interstate cybercrime group’s money lau...
- 9 types of Wills. Why picking the wrong one could cost your family everything
- ET Analysis: RBI’s FCNR U-turn dents policy certaintyThe RBI’s early closure of its special FCNR(B) deposit swap window has raised concerns over policy certainty. Banks had mobilised $52.3 bil...
- Man shares the diets which helped him lose 38 kgs in a year, and his wife over 10 kgs, shares how he remained consistent: ‘I started documenting….’A couple recently shared their incredible weight loss journey through a viral post on Instagram. The man also shared how he lost two kgs in...
- India’s balance of payments slips into deficit in Q1FY27India faced a significant balance of payments deficit in the first quarter, reaching $8.1 billion. This setback was predominantly due to ca...
- Man found Rs 1.3 lakh missing from SBI bank account: Rs 80,000 ATM withdrawal, Rs 50,000 transfer made without his authorisation; consumer court upholds Rs 1.3 lakh refundA man's SBI bank account was drained of Rs 1.3 lakh through four unauthorised ATM withdrawals and two transfers he says he never made. SBI ...
- NRI selling property in India: Should sale proceeds go to an NRE or NRO account? Know repatriation limits and RBI rulesAre you an NRI looking to sell your property in India after relocating abroad? It's essential to understand the process of repatriating you...
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