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DORMANT SAVINGS ACCOUNT
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...- 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...
- Earning from idle crypto: A practical guide for long-term holdersCrypto investors can now earn from idle assets without constant trading. Flexible savings accounts allow users to deposit cryptocurrencies ...
- 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...
- RBI simplifies reactivation of dormant accounts; tightens norms to curb fraudsThe Reserve Bank of India (RBI) has relaxed the process for reactivating dormant accounts and increased norms to limit fraud in inoperative...
- 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...
- Women want to do more, but access to credit is still missing: Alka UpadhyayaAs per World Bank’s Findex data, 42% of women’s accounts are dormant, 23% are excluded from formal financial services and 35% are non dorma...
- Duplication of accounts under Jan Dhan Yojna on rise: SurveyAccording to the survey, conducted in 42 districts spread across 17 states and one union territory, the reasons for duplication of accounts...
- Switzerland to publish first list of dormant assets in DecemberThese would be accounts that have remained unclaimed since 1955 and the banks have failed to re-establish contact with the respective clien...
- Bank accounts not inoperative if dividend cheque credited in 2 yearsA bank account become inoperative or dormant if no credit or debit transaction has been conducted for a period of two years.
- India yet to tap potential of mobile banking, digital financial services: ReportIndia is yet to realise the potential of mBanking and digital financial services even as only 47% of the people have bank accounts, says a ...
- Multiple bank accounts may just be more pain than gainIndividuals end up with more accounts than needed when they switch jobs or opt for feature-rich accounts, without closing their existing on...
- West Bengal's savings scheme for poor gets RBI nodMamata Banerjee's plan to start a savings scheme with the aim of protecting the poor from losing their money has got the RBI nod.
- RBI asks banks to allot different product code to dormant a/cRBI today advised banks to allot a different product code in their core banking solution to accounts that were dormant or inoperative for o...
- Banks can freeze an account that's unused for two yearsIf you don’t withdraw money or carry out any transaction from your account through the bank’s ATM, branch or website, for a period of more ...
- Don't bank on dormant A/CsThere have been stray instances of money being siphoned off from inactive accounts. Individuals are better off closing unwanted savings A/C...
- Sleeping on your a/c? You may end up paying moreIf you don't carry out any transaction in your account, bank considers your a/c as inactive. So, visit your bank once in a while to save yo...
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