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DORMANT BANK ACCOUNT
Government launches portal to trace unclaimed bank deposits, insurance policies, mutual funds: How to access- Financial fixes and high-yield savings: Are you missing the easiest ways to save more and spend less?More than half of savers still earn under 3% interest, while many households lose around $200 yearly on unused subscriptions. These financi...
- Google blocked the first known AI-powered attack on 2FA accounts; here is how hackers tried to break in, know how to stay safeForeign hackers attempted a novel AI-powered cyberattack targeting two-factor authentication using a zero-day exploit. Google's Threat Inte...
- Who can file ITR-1 this year? Common mistakes to avoid while filing ITR-1 for AY 2026-27 on or before July 31, 2026Individuals eligible for ITR-1 filing for AY 2026-27 must file by July 31, 2026. This form is for resident individuals with income up to ₹5...
- Now personalised cheque book in Post Office: Savings account holders can get cheque books with printed namesPost Office Savings Account holders can now get personalized cheque books featuring their name and account details, enhancing security and ...
- Rethinking ‘idle money’ in a rising rate environmentIndian savings accounts are evolving beyond mere transactional tools. With rising interest rates, institutions like IDFC FIRST Bank are off...
- No plan to hike gold import duty despite Modi's appeal to skip buying, says government officialIndia denies plans to raise gold and silver import duties. Prime Minister Modi urged citizens to avoid gold purchases amid economic pressur...
- UDGAM portal facilitates users to search unclaimed deposits across multiple banks: RBI to SCThe submissions were made before a bench of Justices Vikram Nath, Sandeep Mehta and Vijay Bishnoi which was hearing a plea filed by journal...
- Failed to report US stocks gained via ESOP? Use this one-time Amnesty scheme; Know how it worksA one-time amnesty scheme, the FAST-DS, has been introduced to help Indian residents and NRIs resolve past non-compliance with reporting fo...
- NGOs lose foreign donation nod for failing to use fundsThe Indian government is taking action against non-profits holding unused foreign funds. Registrations are being cancelled for organization...
- TMC MP Kalyan Banerjee claims Rs 57 lakh siphoned from dormant bank accountTrinamool Congress MP Kalyan Banerjee reported that Rs 57 lakh was siphoned from his dormant bank account. The account, linked to his past ...
- PNB to close some dormant A/CsPunjab National Bank will close dormant accounts inactive for over three years to prevent misuse, unless KYC documents are submitted; exemp...
- Explained: Follow these steps to make your dormant bank account regularIn case someone's bank account becomes inoperative or dormant, then the account holder cannot make any transactions, be it financial or non...
- ET Explainer: How to make a dormant bank account regularA savings as well as current account is treated as inoperative or dormant if there are no customer-induced financial or non-financial trans...
- When your bank savings account can become dormant, how to revive itInterest credited by the bank on the account balance, as well as any charges deducted by the bank, are not considered as transactions.
- How to activate a dormant, inactive NRI accountDepending on the account status, banks mark such accounts as dormant or inactive. As it's likely that you're not keeping an eye on your acc...
- Rs 26,697 cr lying in dormant accounts of banks: FM SitharamanAs per information received from the Reserve Bank of India (RBI), as on December 31, 2020, the total number of such accounts in Scheduled C...
- Banks stop issuing debit cards for dormant accountsThe banks have stopped issuing debit cards for the dormant savings accounts due to two reasons - To avoid the risk of banking frauds and al...
- Is there any benefit in having several bank accounts?Ongoing SIPs, EMI payments and utility payments linked to different bank accounts prevents most people from closing them.
- No penalty if minimum balance not kept in dormant bank accountThe RBI directed banks in 2012 not to charge customers for non-operation or activation of basic savings bank deposit accounts.
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