Post Office Savings Account holders can now get personalized cheque books featuring their name and account details, enhancing security and ...

Indian savings accounts are evolving beyond mere transactional tools. With rising interest rates, institutions like IDFC FIRST Bank are off...

India denies plans to raise gold and silver import duties. Prime Minister Modi urged citizens to avoid gold purchases amid economic pressur...

The submissions were made before a bench of Justices Vikram Nath, Sandeep Mehta and Vijay Bishnoi which was hearing a plea filed by journal...

A one-time amnesty scheme, the FAST-DS, has been introduced to help Indian residents and NRIs resolve past non-compliance with reporting fo...

The Indian government is taking action against non-profits holding unused foreign funds. Registrations are being cancelled for organization...

Trinamool Congress MP Kalyan Banerjee reported that Rs 57 lakh was siphoned from his dormant bank account. The account, linked to his past ...

RBI has advised banks to urgently take the necessary steps to reduce the number of inoperative or frozen accounts and make the activation p...

Punjab National Bank will close dormant accounts inactive for over three years to prevent misuse, unless KYC documents are submitted; exemp...

A savings as well as current account is treated as inoperative or dormant if there are no customer-induced financial or non-financial trans...

Interest credited by the bank on the account balance, as well as any charges deducted by the bank, are not considered as transactions.

Banks have reached out to the Reserve Bank of India (RBI) with a suggestion to count funds in unclaimed deposits and inoperative or dormant...

Depending 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...

As per information received from the Reserve Bank of India (RBI), as on December 31, 2020, the total number of such accounts in Scheduled C...

The banks have stopped issuing debit cards for the dormant savings accounts due to two reasons - To avoid the risk of banking frauds and al...

Ongoing SIPs, EMI payments and utility payments linked to different bank accounts prevents most people from closing them.

The RBI directed banks in 2012 not to charge customers for non-operation or activation of basic savings bank deposit accounts.