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REGULARIZE DORMANT ACCOUNT
Failed to report US stocks gained via ESOP? Use this one-time Amnesty scheme; Know how it worksA one-time amnesty scheme, the FAST-DS, has been introduced to help Indian residents and NRIs resolve past non-compliance with reporting fo...- Why Your Room Still Smells Bad After Cleaning, And Its Hidden ReasonHomes often smell musty even after cleaning. This is due to hidden biofilms created by bacteria. These microbes trap nutrients and moisture...
- $1,000 checks headed to Americans with no action required — here’s what to knowAmericans to automatically get $1,000 verified checks for unclaimed property with no extra steps required. Millions of residents nationwide...
- Rs 11,000 crore in Reliance shares lie unclaimed, says Gurmeet Chadha warning of IEPF bottlenecksResponding to Chadha’s post, Abhinav Roy commented, “Retrieving shares from the IEPF is extremely frustrating. I applied for my father’s sh...
- Govt says 11.30 crore inoperative Jan Dhan accounts have Rs 14,750 crore balance as of Nov 20Over 54 crore accounts have been opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY) as of November 20, 2024. However, 11.30 crore acco...
- Explained: Follow these steps to make your dormant bank account regularIn case someone's bank account becomes inoperative or dormant, then the account holder cannot make any transactions, be it financial or non...
- 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...
- Here's why Google is warning inactive account users; Act before Friday or risk deletionGoogle's updated policy alerts users with dormant accounts to sign in before Friday or risk deletion due to security concerns. Accounts ina...
- I earn my income through mutual fund dividends which have stopped. What should I do?Mutual fund dividends are not fixed in amount or frequency. It is at the discretion of the fund manager.
- 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...
- Black money probe: Tax haven trusts come under scanner for Swiss bank accountsTrusts, especially those set up in jurisdictions like Cayman Islands, Panama and British Virgin Islands, have often been seen as routes for...
- Maharashtra's Sangli royals under scanner for Swiss bank accountsFollowing India's request for "administrative assistance" in this matter, the Federal Tax Administration of Switzerland has issued a public...
- Women more likely to use banking services than men: StudyThe study has recommended that govt's financial inclusion policies must be in tandem with enabling economic activity and household decision...
- SBI denies black money channelisation at Bareilly branchIt was alleged that over Rs 8 crore were funnelled into the banking system by opening over 2,000 accounts post November 8 when old Rs 500 a...
- How to activate an inoperative bank accountAn inactive bank account is termed inoperative. An account becomes inoperative if there are no transactions in the account for over two yea...
- 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...
- Bank bad loans a concern, effort on to fix it: DK Mittal, Financial Services SecretarySome banks have farm NPAs of less than 1%, but some others have 9%. It is a clear indication that we have not been able to follow it up pro...
- New a/c for 1,400cr lying unclaimed with banksFunds in deposit accounts that have not been operated for more than 10 yrs will be credited into a “depositor education and awareness fund”...
- 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...
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