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DEATH OF DEPOSITOR
Rs 20,000 monthly income from SCSS: How senior citizens can earn regular interest income for at least 5 yearsThe Senior Citizens Savings Scheme (SCSS) offers a stable 8.2% annual interest rate, ideal for retirees seeking predictable income. To earn...- Rs 2.46 lakh yearly income from SCSS: How senior citizens can earn regular interest incomeThe Senior Citizens Savings Scheme (SCSS) offers a high 8.2% interest rate for the April-June 2026 quarter, with a five-year tenure extenda...
- SCSS interest rate 2026: Has Senior Citizen Savings Scheme interest rate changed for April-June quarter?Senior Citizen Savings Scheme interest rate : SCSS is a government-backed small savings scheme specifically designed for small-scale invest...
- Up to Rs 15 lakh death claim settlement within 15 days: How Indian Overseas Bank’s new online facility helps claimantsOnline death claim: Indian Overseas Bank has introduced a new online portal for death claim settlements. Families can now submit claims fro...
- RBI issues guidelines for claims settlement related to deceased bank customersThe RBI has issued standardized guidelines for banks to settle claims of deceased customers, aiming to eliminate divergent practices. Payme...
- Latest NSC interest rate: What is the National Savings Certificate interest rate for October-December 2024 quarterNational Savings Certificate, or NSC, are savings bonds offered under the India Post's small saving schemes. The interest rate on the NSC, ...
- How to add a nominee to your SBI savings account, fixed deposits (FD)There are thousands of crores of unclaimed money in our country's banks. These are accounts where the bank holder put money and then died, ...
- Small savings schemes interest rates hiked: Check National Savings Certificate (NSC) rate for July-September quarterFor the July-September 2023 quarter, the government has hiked interest rates on specified small savings schemes by up to 30 basis points.
- Unclaimed deposits: How a nominee, legal heir can make a claim after death of depositorIn order for potential claimants to check the names online before going to the bank, the Reserve Bank of India has encouraged banks to publ...
- PPF, SCSS, Sukanya Samriddhi, other small savings schemes: What happens if an accountholder dies without nominee; govt clarifiesPPF, SCSS, Sukanya Samriddhi, other small savings schemes: The Finance Bill 2023 has proposed to amend the Government Savings Promotion Act...
- How nominees, legal heirs can claim deposit amount after death of HDFC Bank account holderAfter the death of an HDFC Bank account holder, here is how their nominees and legal heirs can make a claim on the deposit amount
- Can you convert single post office savings account to a joint account?Here is a look at all the clarifications issued by the department regarding operating post office savings account.
- PMC Bank depositor dies, family says no link with crisis68-year-old Keshumalbhai Hinduja, who had an account with the scam-hit PMC Bank died in suburban Mulund, his relatives said on Thursday. Th...
- Another PMC Bank depositor dies; had no funds for surgeryMurlidhar Dharra (83) died at his home in suburban Mulund on Friday. The family had a total of Rs 80 lakh in deposits with the bank, which ...
- PMC Bank assures to protect depositors interest; meets RBIPMC Bank's administrator meeting with Shaktikanta Das came after police authorities confirmed the death of one more depositor after Sanjay ...
- What to do if a company FD holder dies?To avoid uncomfortable situations and running around, investors and their family members should be aware of the claim process in case of de...
- Adopt simple method for claim settlement of deceased a/c: RBIThe Reserve Bank today directed banks to adopt a simple procedure for hassle-free settlement of claims of a deceased depositor.
- Speed up settlement of claims to deceased nominee: RBI to UCBsRBI directed urban co-operative banks not to insist upon succession certificates from nominees while settling claims in cases of deceased d...
- Q & A: Banking and FinanceRepayment of FDs will be in tune with the operational instructions. Normally if there are 2 A/c holders, operational instructions will be ‘...
- Reserve Bank eases rules for repayment of fixed depositsIt said that the signatures of both the depositors may have to be obtained, in case the deposit is to be paid before maturity.
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