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IT raids on HSBC Swiss Bank Account Holders 01 November 2011
In a first of its kind crackdown against those stashing unaccounted wealth overseas, the income tax department has launched an offensive against politicians and industrials who had parked money in HSBC Bank, Geneva. Under pressure to act against black money...
Keywords: IT Raid, overseas income tax, Income TAx raid on Swiss Bank account holders, HSBC
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Allow 4 Withdrawals for Savings Account Holders per Month says RBI 11 June 2019
Allow 4 Withdrawals for Savings Account Holders per Month says RBI:- The Reserve Bank of India said that all the commercial banks should offer four minimum free withdrawals per month for all the basic savings bank deposit accounts. These transactions...
Keywords: Reserve Bank of India, RBI, RBI, Reserve Bank of India
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RBI extends time for new format of cheques 15 December 2012
In a move to counter the fraudsters who take advantage of the cheque system, the RBI has announced the CTS format of cheques, Cheque Truncation System, according to which the non-CTS 2010 standard cheques would no longer be valid after...
Keywords: reserve bank of india, reserve bank of india, CTS, CTS
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RBI Decreases Withdrawal Limit of Jan Dhan Account Holders to Rs.10000/Month 30 November 2016
The Reserve Bank of India (RBI) has issued a notification to all those who has the account in Jan Dhan. According to the notification, all those who are Jan Dhan account holders from money launderers will only be allowed to withdraw...
Keywords: Account holders, Account holders, Account holders, withdrawal limit
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