[ad_1] Bank account holders can now appoint up to four nominees instead of just one. The change comes after the Rajya Sabha passed the Banking Laws (Amendment) Bill. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense Ratio Axis Nifty 50 Index Fund +32.80% Invest Now Equity: Large Cap 0.12% Axis […]
RBI to close these types of bank accounts from today – CNBC TV18
[ad_1] Starting January 1, 2025, the Reserve Bank of India (RBI) has implemented new guidelines that will result in the closure of specific types of bank accounts. The initiative aims to enhance banking security, improve efficiency, and reduce risks associated with inactive accounts. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category […]
Savings accounts vs current accounts: Key differences explained – CNBC TV18
[ad_1] SUMMARY Savings accounts and current accounts are both popular and common account types. However, users are often confused which to choose between the two. That depends on your financial priorities and goals. Read on to know more about the differences between savings accounts and current accounts and which is the best for you. By […]
RBI directs banks to streamline KYC for faster activation of frozen accounts – CNBC TV18
[ad_1] The Reserve Bank of India (RBI) has issued a directive for banks to expedite the process of activating inoperative or frozen accounts, with a focus on simplifying the Know Your Customer (KYC) update process. The move comes in response to the increasing misuse of dormant accounts for laundering illicit funds. Company Value Change %Change […]
Govt to table Banking Laws (Amendment) Bill in Lok Sabha; bank nominee limit set to increase to 4 – CNBC TV18
[ad_1] The Finance Minister will move the Banking Laws Amendment Bill for passage during the Winter Session of Parliament, which begins today, Monday, November 25. The government aims to pass the Bill in the Lok Sabha today itself, though this will depend on parliamentary proceedings. The Bill, introduced in the previous Monsoon Session, seeks to […]