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INACTIVE BANK ACCOUNTS
Every fourth Jan Dhan account inactive, reflects failure of Modi govt's policies: GehlotFormer Rajasthan Chief Minister Ashok Gehlot stated that many Jan Dhan Yojana accounts remain inactive. He alleged that flawed government p...- These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of up to 20%, according to analystsInvesting, a wise man once said, is a journey; one that needs to be managed carefully. Remember two things: One, there is never a “perfect ...
- Curb misselling, not agents: Insurance reform needs a scalpel, not a hammerIndian insurance regulators are rethinking intermediary payment structures to reduce misselling. Proposed reforms aim to lower distribution...
- Rs 3 crore to Rs 4,925 crore: Sebi order gives details on Dhenu Buildcon market cap surgeSebi’s interim order alleges Dhenu Buildcon routed Rs 1,000 crore through connected entities as loans, later converting Rs 840 crore into e...
- Withdrawal of zero MDR may jeopardise one of India’s most successful public policy innovationsThe Payment and Settlement Systems Amendment Bill has revived debate over MDR on UPI. While charges could support banks and fintech firms, ...
- Unclaimed mutual fund money rises 10% in FY26; AMCs hold over Rs 3,811 crore in unpaid dividends, redemptions: SebiUnclaimed mutual fund assets rose nearly 10% to Rs 3,811 crore in FY26, led by higher unclaimed dividends, Sebi said. Despite this, mutual ...
- Count-counterpoint: MPC's external members must have the courage to dissent, disagreement drives course correctionThe Reserve Bank of India's Monetary Policy Committee is meeting to decide on interest rates. The committee must balance inflation concerns...
- Forgotten FDs, shares or insurance? Here’s how to recover unclaimed financial assetsYears of diligent wealth building can be lost to forgotten investments. Life's changes often lead to unclaimed bank deposits, insurance, sh...
- Sebi warns listed firms, regulated entities against rising 'Boss Scam' cyber fraudSebi has issued a warning to all regulated entities regarding a rising cyber fraud known as the 'Boss Scam'. In this scheme, fraudsters mas...
- Have an inactive foreign bank account? You may still need to disclose it in your ITR for AY 2026-27Indian taxpayers must report dormant foreign bank accounts in their ITR. This requirement applies even if accounts have zero balance and no...
- Retailwinds delayed, so, nothing to fretRetail inflation has risen above the RBI's target, driven by fuel and food prices. Core inflation remains subdued, offering a better measur...
- 10 crore mutual fund investors, Rs 150 lakh crore AUM: Inside AMFI's massive 2030 roadmapAMFI CEO Venkat N. Chalasani expects India's mutual fund industry to reach 10 crore investors and ₹150 lakh crore in AUM by 2030. He credit...
- PhonePe wallet inactivity fees do not affect bank accounts or UPI transactionsPhonePe clarifies inactivity fees apply solely to its prepaid wallet, not linked bank accounts or UPI transactions. Users receiving notific...
- RBI fines Canara Bank for violations related to KYC, inactive accountsThe Reserve Bank of India has taken action against Canara Bank, slapping a substantial Rs 41.8 lakh fine for failing to comply with Know Yo...
- Bank of America denies reports claiming closure of accounts, says 'no warning' and cites state lawsBank of America clarified there is no new announcement regarding account closures, countering media claims. The bank emphasized compliance ...
- 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...
- How to activate inoperative PPF accountIf the account is inoperative, you can no longer claim loans against your PPF account, which could be troublesome if you foresee requiring ...
- How to reactivate a PPF accountA Public Provident Fund (PPF) account holder is required to deposit a minimum of Rs 500 every financial year. Failure to deposit this amoun...
- 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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