bank accounts

Deadline to link Aadhaar to welfare schemes extended to June 30

Deadline to link Aadhaar to welfare schemes extended to June 30

On December 15, 2017, the apex court had extended till March 31, 2018, the deadline for mandatory linking of Aadhaar with various services and welfare schemes.

Mar 28, 2018, 19:04 PM IST
Consumer nod must for changing subsidy-receiving bank a/c: UIDAI

Consumer nod must for changing subsidy-receiving bank a/c: UIDAI

Also, the banks have been asked to intimate the beneficiary about the change within 24-hours through SMS and e-mail as well as provide an option to the person to reverse the change, according to a Gazette notification issued by the Unique Identification Authority of India (UIDAI).

Dec 19, 2017, 18:04 PM IST
Aadhaar-bank a/c linking deadline extended to March 31

Aadhaar-bank a/c linking deadline extended to March 31

The deadline was earlier December 31 for linking the 12-digit unique identification number with both Permanent Account Number (PAN) and bank accounts. However, the government extended the deadline last week for linking it with PAN till March 31.

Dec 13, 2017, 18:20 PM IST
Linking bank accounts with Aadhaar mandatory: RBI

Linking bank accounts with Aadhaar mandatory: RBI

Reserve Bank of India on Saturday said biometric identity number Aadhaar linkage with bank accounts is mandatory.

Oct 21, 2017, 16:39 PM IST

Aadhar to help catch money launderers, fake bank a/c: Prasad

Prasad said 60 lakh bank accounts have been linked to Aadhar.

Oct 04, 2017, 00:15 AM IST
Jan Dhan: Zero-balance accounts reduced to 20%; 30 crore families benefited in 3 years

Jan Dhan: Zero-balance accounts reduced to 20%; 30 crore families benefited in 3 years

About 42 percent of households were unbanked before the Jan Dhan Yojana, which aims to give every household access to banking facilities by offering them zero-balance accounts across all commercial banks.

Sep 13, 2017, 12:04 PM IST
Black money crackdown: Disqualified directors barred from submitting documents to MCA

Black money crackdown: Disqualified directors barred from submitting documents to MCA

Applications and documents filed by disqualified directors of companies to the Ministry of Corporate Affairs will be "summarily rejected", according to a communication.

Sep 06, 2017, 18:53 PM IST
Over 36 lakh bank a/cs saw cash deposit of Rs 10 lakh or more in a financial year

Over 36 lakh bank a/cs saw cash deposit of Rs 10 lakh or more in a financial year

Over 36 lakh bank accounts have seen cash deposits of Rs 10 lakh or more in a financial year, Parliament was informed on Tuesday.

Jul 18, 2017, 15:39 PM IST

After PAN card, bank accounts also need to be linked with Aadhaar card

After Government's decision to link PAN card with Aadhaar card, it has now made it mandatory to link the existing bank accounts with the Aadhaar card.

Jun 17, 2017, 12:11 PM IST
Now Aadhaar mandatory for opening bank A/c, financial transactions above Rs 50,000

Now Aadhaar mandatory for opening bank A/c, financial transactions above Rs 50,000

All existing account holders have also been asked to submit Aadhaar to banks by December 31, 2017, failing which accounts will become invalid.

Jun 16, 2017, 15:38 PM IST
Beware! A simple 'yes' on phone can allow scamsters to rob your bank accounts

Beware! A simple 'yes' on phone can allow scamsters to rob your bank accounts

The US police have warned of a phone scam reportedly raging in North America these days.  

Jun 12, 2017, 20:56 PM IST
Direct benefit transfer results in Rs 50,000 crore savings: Amit Shah

Direct benefit transfer results in Rs 50,000 crore savings: Amit Shah

The direct benefit transfer programme has resulted in Rs 50,000 crore savings for the government in the last three years as funds were directly transferred to 32 crore needy people, BJP President Amit Shah has said.

May 28, 2017, 11:34 AM IST
Loans, card payments above Rs 2 lakh in cash to be shown in ITR

Loans, card payments above Rs 2 lakh in cash to be shown in ITR

All cash payments of over Rs 2 lakh for paying loans and credit card bills during the 50-day period post demonetisation will have to be disclosed in the new one-page Income Tax return form.

Apr 09, 2017, 13:30 PM IST
I-T to go easy on up to Rs 5 lakh deposits by 70-plus people

I-T to go easy on up to Rs 5 lakh deposits by 70-plus people

The income tax department will be going easy for cash deposits up to Rs 5 lakh made by 70-plus people. This means no further verification will be required in such case.

Feb 22, 2017, 14:55 PM IST
Demonetisation: I-T dept to strictly take on depositors of unverified cash over Rs 5 lakh

Demonetisation: I-T dept to strictly take on depositors of unverified cash over Rs 5 lakh

Depositors of cash worth Rs 5 lakh or above, during the demonetisation period, who failed to verify the same will be taken on strictly by the Central Board of Direct Taxes (CBDT)

Feb 22, 2017, 10:15 AM IST
I-T dept to launch 2nd phase of bank accounts scrutiny next month

I-T dept to launch 2nd phase of bank accounts scrutiny next month

The I-T department is likely to launch the second phase of 'Operation Clean Money' next month to close in on unaccounted money making its way into banks but may ignore standalone deposits below Rs 5 lakh for now.

Feb 20, 2017, 16:28 PM IST
Demonetisation impact: Nine lakh accounts under Operation Clean Money 'doubtful'

Demonetisation impact: Nine lakh accounts under Operation Clean Money 'doubtful'

Nearly half of the 18 lakh people under the I-T scanner for suspicious bank deposits post cash ban have been put in the 'doubtful' category, but action against them will follow only after the new tax amnesty scheme ends on March 31.

 

Feb 16, 2017, 17:27 PM IST
Cash deposits above Rs 10 lakh in bank account to come under I-T lens

Cash deposits above Rs 10 lakh in bank account to come under I-T lens

The tax department has asked banks to report deposits in any account aggregating Rs 10 lakh in a year, as well as cash payments of Rs 1 lakh or more on credit card bills.

 

 

Jan 19, 2017, 16:09 PM IST
PAN card must for all bank account holders by February 28

PAN card must for all bank account holders by February 28

In yet another to fight against black money and tax evasion, the government has notified that all individuals having bank accounts will have to update their PAN or Form-60 if PAN not available by February 28, 2017.

Jan 08, 2017, 17:34 PM IST
Modi govt scans pre-demonetisation deposits history in banks, post offices for tracing black money trail

Modi govt scans pre-demonetisation deposits history in banks, post offices for tracing black money trail

If you have a saving account in a bank or post office, and if you are yet to share your Permanent Account Naumber( PAN) or submit Form 60 so far, you need to expedite and do the needful latest by February end for enabling government to analyse the deposit history of your account.

Jan 07, 2017, 16:36 PM IST