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REACTIVATING BANK ACCOUNTS
Psychology says adults who keep the gas tank perpetually above half aren't overcautious; their body learned in childhood that running low meant something bad was coming, and topping it up is a promise they still keepMany people exhibit safety behaviors, such as always filling their car's gas tank. This habit stems from past scarcity and anxiety, not cur...- The next phase of sales enablement: AI coaching, real-time feedback, and adaptive learningNew AI coaching tools simulate conversations, offering immediate feedback. This frees up managers for strategic tasks. Organizations must m...
- US death tax trap: Uncle Sam's wealth puzzle leaves rich Indians worried for their kidsRich Indian families are racing to shield booming US stock portfolios from America’s 40% inheritance tax, but face complex FEMA and LRS hur...
- India to use AI to protect consumers from money mule banking cyber fraud, announces Home Minister Amit ShahIndia will now use Artificial Intelligence to fight money mule banking cyber fraud. The Home Minister announced a partnership between the I...
- Legal checkpoints for AI agents now mission critical, say expertsLegal and policy experts are urging Indian regulators to move beyond broad AI principles and begin addressing the unique risks posed by aut...
- Can Anthropic Mythos AI detect hidden financial cyber threats before attacks, and how Wall Street banks test next-gen cybersecurity defense systems todayAnthropic Mythos AI is now reshaping Wall Street cybersecurity at an unprecedented scale. Banks are testing this advanced AI to detect hidd...
- TReDS tweak to ease MSME credit flow amid global pressureBanks are set to boost credit flow to MSMEs as regulators ease onboarding for the Trade Receivables Discounting System (TReDS). This move a...
- Banks should shift exposures from vulnerable MSMEs, lay-off-exposed retail borrowers: EYBanks must act on early risk signals amid the West Asia war. EY suggests shifting exposure from vulnerable small businesses and retail borr...
- PNB account holders beware! PSU bank set to close these accounts after April 15, 2026Punjab National Bank is warning account holders with inoperative accounts to complete their KYC by April 15, 2026. Failure to do so will re...
- RBI issues new rules for activating inoperative bank accounts, unclaimed deposits: KYC via video, any branch of bank, business correspondentReserve Bank of India introduces new guidelines for inactive bank accounts. Customers can now update KYC at any branch. Video KYC option is...
- These Paytm wallets will be closed on July 20, 2024Latest on Paytm: In March, the Reserve Bank of India (RBI) issued guidelines that prohibit Paytm Payments Bank Account/Wallet from receivin...
- 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.
- Bank account suspended due to not updating KYC details? How to reactivate itRe-KYC is an periodic update on an individual's KYC status, which has to be conducted by every banks and other entities regulated by the Re...
- What you should know about dormant securities trading accountsMany investors are known to open demat accounts to convert old paper securities, or to invest in an IPO and not transact on them.
- Iran to India: Reactivate bank accounts with Indian banks, allow Iranian banks to open branchesFreed of international sanctions, Iran has asked India to reactivate its accounts with Indian banks and allow Iranian banks to open offices...
- 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...
- ET in the Classroom: Freezing of Bank AccountsWhat happens when bank accounts are frozen? ET explains the meaning of such an action and its impact.
- 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 ...
- 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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