Bank Account

That forgotten bank account could be costing you more than you think

Old savings accounts don’t just sit quietly. They can chip away at money, attention and financial discipline if you never properly decide what to do with them.

Thinking of opening a joint bank account? Read this first

Joint accounts make life easier — until expectations aren’t clear. A few basic rules can prevent bigger problems later.

Changed your salary bank? Update it with EPFO before it becomes a headache

Changed jobs or bank accounts? Don’t forget to update your details with EPFO — or your future withdrawals could get delayed.

Closing a bank account? Read this before you pay avoidable fees

A quick, practical guide to understanding the hidden costs banks may levy before you shut an account.

How to update your bank account with EPFO when you switch employers or salary banks

A smoother switch for your monthly pay also needs a clean-up of the bank account mapped to your provident fund — otherwise withdrawals and settlements can get stuck in the old account. Here is how to align your EPFO records when you move your salary to a new bank.

What really happens to your bank account after two years of inactivity

An idle bank account may seem harmless, but after two years of no transactions, it can trigger consequences most people overlook.

Opening up banking to minors is a good idea, but fraught with risk

Catching them young into having bank accounts is good but safeguards are a must

MC Explains: Reactivating your savings account is easier than you think! | Personal Finance

Is your savings account inactive or dormant? Don’t worry! In this video, Payal Tiwari Sharma will walk you through the some easy steps to reactivate your account and keep it active. You’ll learn how to check your account status, the documents needed for reactivation and ways tips to prevent dormancy. Whether you've forgotten about an old account or want to stay proactive with your finances, this video offers practical advice to help you manage your savings effectively. Stay tuned for more tips to keep your finances in check, and don’t forget to like, share, and subscribe for more financial guidance!

Multi-Contributor Social Security: Time to reimagine social security contributions

Inadequate coverage and financing dogs our social security system. Imagine a person’s bank account designated as a multi-contributor social security (MCSS) account where multiple entities – Central and State governments, employers, employees, philanthropists, charities, companies invoking CSR, and other individuals can contribute directly. These contributions, in turn, could get tax benefits. Imagine you being able to tip your Swiggy delivery person directly into his MCSS account, towards his retirement corpus

Foreign cos without PAN can open bank a/cs in IFSC-Gift City

The Finance Ministry has amended Income Tax Rules exempting non-residents opening a bank account from the requirement of submitting PAN.

PFI ban: Seizure of properties, freezing of bank accounts to follow

The central government will also move a tribunal within 30 days from the date of the publication of the notification for adjudication of whether or not there is sufficient cause for declaring the association unlawful.

UP labourer finds Rs 27 billion in bank account. His happiness was short-lived

A labourer from Uttar Pradesh was over the moon when he found Rs 27 billion in his bank account.

Guardian for a COVID-orphaned child? Learn about late parents’ bank accounts and insurance policies

In case the minor children have not been appointed as nominees, the guardian can, on their behalf, produce proof such as death certificates

Want to open a savings bank account, here are things you need to know

The higher balances that you are willing to maintain, the better services you will get.

Withdrawing money from your bank account? Here is how much you will have to pay and all other questions answered

With a rising number of cloning cases of debit cards while using it to withdraw money from ATMs, the likes of State Bank of India, Bank of India, HDFC Bank, ICICI Bank, AXIS Bank etc. now allow the card-less cash withdrawal facility.

Yes Bank: Is your money safe?

RBI’s reconstruction plan, SBI’s interest and past bank rescues hold out hope for customers

Attempt to hack Tata Sons Rs 200cr a/c by IndusInd Bank executive, techies foiled

The gang were planning to steal Rs 150 crore from the Tata Sons account in three instalments of Rs 50 crore each and transfer the sum to an account holder in Nagaland

Flower vendor gets shock of life as he finds Rs 30cr credit in wife's bank account

This happened when Syed Malik Burhan was struggling to meet expenses for a medical emergency in the family. According to reports, bank officials knocked on his doors on December 2 asking him to explain how the money came to his account.

A personal finance house-keeping checklist for NRIs to focus on during their India visit

The list will make it easier for them to manage their monies once they go back to their professional and personal routines

Five money points to remember before you fly to study abroad

Applying for financial aid, taking insurance cover and buying a forex card are among the most important things to do

19 crore Indian adults don't have bank account: World Bank

Besides, almost half of the bank accounts remained inactive in the past year, the multilateral financial institution said in a report, even as it lauded the Indian government's financial inclusion scheme, the Jan Dhan Yojana, for bringing in additional 31 crore Indians into formal banking system by March 2018.

As Aadhaar becomes ubiquitous, social media offers food for thought

Modi government’s decision to link Aadhaar card with PAN, Bank account and other services has resulted into a wide spectrum of reactions from netizens.

COMMENT: After demonetisation, cash flowed back through these 5 channels

Unaccounted wealth is now in the banking system thanks to demonetisation. Publicly available data shows how different routes were used to bring the money in