Bank Accounts

No nominee? You can still recover your late father’s money—here’s how to navigate the process smoothly.

Multiple nominees for bank accounts start November 1: what changes and how to update

A simple guide to what the new nomination rule means, why it matters, and how to update your account before the change takes effect.

Congress can operate bank accounts, says MP Tankha hours after freeze over tax demand

According to Tankha, the case was heard by the first bench of ITAT in Delhi. In video, Tankha said he had urged the tribunal to give some relief to the Congress party as it would not be able to spend money for any of the planned campaign activities for the upcoming general elections if the freeze continues.

How to Start an LLC – A Comprehensive Guide for 2024

Are you excited to create your own business? Our all-inclusive guide on how to start an LLC offers expert guidance and in-depth instructions.

How Much Does It Cost to Form an LLC? – A Complete Guide

How much does it cost to form an LLC, covering all the vital costs and key considerations? Make informed choices for your business with our guide.

6 Best Registered Agent Services You Want

Our recommendations encompass a wide range of features, including exceptional customer support and advanced compliance functionalities, among others.

8 Best Free Business Bank Accounts to Consider in 2024

This article will examine the top free business bank accounts and explain how they can benefit your enterprise.

How to navigate the multiple bank account maze

Managing multiple bank accounts requires careful thought and strategic planning. Know the crucial factors that you must keep in mind while operating these accounts.

One mobile number cannot be linked to multiple mobile banking users, says Bank of Baroda

The statement from the lender came after media reports said that the lender’s mobile application, Bob World, was involved in tampering of customer accounts

Finmin's Rs 7-lakh relief to taxing foreign spends on credit cards can't resolve TCS crisis

International credit card spends are under LRS from May 16 and the 20 percent TCS will kick in from July 1, 2023. Until June 30, TCS at the rate of 5 percent will apply.

Govt proposes to tweak 2002 Act to make metro property, bank accounts unattachable

The move comes in the wake of a recent order passed by the High Court in a case involving the Delhi Airport Metro Express Private Limited (DAMEPL) and the Delhi Metro Rail Corporation (DMRC).

Finmin holds preparatory meeting to launch financial inclusion drive

The campaign from October 15 to November 26 this year will also focus on mobile/Aadhaar seeding of existing accounts, with a special focus on making small accounts normal accounts by completing full know your customer (KYC) requirements.

The Aadhaar confusion | Four years on, some banks yet to honour Supreme Court’s Aadhaar verdict

The Supreme Court ruled in September 2018 that it is not mandatory for citizens to furnish an Aadhaar number for opening bank accounts if they are not availing of government subsidies. Moneycontrol investigated whether the order is being honoured. Here is what we found

How many bank accounts should you have

Holding many bank accounts has its benefits, but for those who are not financially disciplined, keeping track of multiple cheque books, debit cards, net banking user IDs and passwords, and minimum monthly average balance can be quite cumbersome.

India court grants no relief to ByteDance in tax evasion case

A two-judge bench at the High Court in Mumbai city heard the plea of a ByteDance counsel who sought relief saying the company was struggling to pay salaries. After a government counsel objected to ByteDance's submissions, the judges posted the matter for April 6.

COVID-19 pandemic | Now is the right time for a ‘Helicopter Drop’ of money in India

It is inevitable that confining millions to their homes will have a direct bearing on the economy through sales and production losses. Economic growth is also a function of the speed at which transactions take place, described as the 'velocity of money’.

Lupin Foundation aims to open 2 lakh bank a/c by 2020 in Rajasthan

As part of the initiative in partnership with State Bank of India, the company will provide banking solutions to the poor and farmers at its kiosk centres spread across Rajasthan.

Why you should close your surplus bank accounts

If you have multiple unused accounts and you maintain the minimum balance in each of them, you are paying an opportunity cost.

Filed your FATCA? If not, your account will be blocked after April 30

ll investors related to mutual funds (MF), bank account holders and those who have invested in insurance schemes cannot operate their accounts opened between July 1, 2014 and August 31, 2015, from May 1 if they are not compliant with FATCA — tax information sharing law.

Demonetisation: No country for those without bank accounts

There are still millions who do not have any Government recognized documents to establish a proof of identity and address - many are lucky to even have the semblance of a roof over their heads.

SEBI bars Ramel Industries, directors from selling assets

Markets regulator SEBI has prohibited Ramel Industries and its four directors from selling their various immovable and movable assets, as part of its efforts to recover dues of over Rs 130 crore

Navigating through bank accounts in your MF investments

Bank account is necessary to invest in mutual funds. Bank account can be added to a mutual fund portfolio.

Fraud share transfer game may be much bigger than 2005 IPO scam

Sources say the fraud is not possible without the connivance of employees at the share transfer agents. Since the unclaimed shares are in physical form, the fraudsters need the specimen signatures of the original holder before they can send the shares for dematerialization.

Four good habits for your little millionaire of tomorrow

Children should be exposed to the world of personal finance. This inculcates good money habits at early age.

Has the perception towards financial inclusion changed?

Nearly 18 crore bank accounts have been opened since the scheme of Jan Dhan Yojana was announced last August. It is a world record of opening 1.8 crore Jan Dhan Yojana accounts in a single week. Watch experts discuss on how to keep these accounts active and whether the perception about financial inclusion has changed.