Sebi’s interim order alleges Dhenu Buildcon routed Rs 1,000 crore through connected entities as loans, later converting Rs 840 crore into e...

The Payment and Settlement Systems Amendment Bill has revived debate over MDR on UPI. While charges could support banks and fintech firms, ...

Unclaimed mutual fund assets rose nearly 10% to Rs 3,811 crore in FY26, led by higher unclaimed dividends, Sebi said. Despite this, mutual ...

The Reserve Bank of India's Monetary Policy Committee is meeting to decide on interest rates. The committee must balance inflation concerns...

Years of diligent wealth building can be lost to forgotten investments. Life's changes often lead to unclaimed bank deposits, insurance, sh...

Sebi has issued a warning to all regulated entities regarding a rising cyber fraud known as the 'Boss Scam'. In this scheme, fraudsters mas...

Indian taxpayers must report dormant foreign bank accounts in their ITR. This requirement applies even if accounts have zero balance and no...

Retail inflation has risen above the RBI's target, driven by fuel and food prices. Core inflation remains subdued, offering a better measur...

AMFI 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 clarifies inactivity fees apply solely to its prepaid wallet, not linked bank accounts or UPI transactions. Users receiving notific...

The 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 clarified there is no new announcement regarding account closures, countering media claims. The bank emphasized compliance ...

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...

If the account is inoperative, you can no longer claim loans against your PPF account, which could be troublesome if you foresee requiring ...

A Public Provident Fund (PPF) account holder is required to deposit a minimum of Rs 500 every financial year. Failure to deposit this amoun...

There have been stray instances of money being siphoned off from inactive accounts. Individuals are better off closing unwanted savings A/C...

If 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...