"Indisputable verification of SIM dealers will be mandatory to curb frauds. Penalty of Rs 10 lakh will be imposed on dealers found violating norms," Vaishnaw said
Investing in mutual funds provides diversification to your portfolio at low costs
The new RBI digital lending norms came up due to concerns around business conduct and customer protection, amid a rising case of rogue behaviour by digital lending applications. The RBI is now trying to bring in guidelines...
RBI will launch a 100-day campaign from June 1, 2023, to settle unclaimed bank deposits across India. As part of the drive, banks must first trace the owners of unclaimed deposits.
You can quickly open an Atal Pension Yojana (APY) account online if you have a bank account and keep KYC documents and an Aadhaar registered mobile number.
Last month, the State Bank of India blocked several accounts owing to non-compliance with KYC norms. Why is the bank asking its customers to update their KYC details again? Why is it important to regularly update your KYC...
Union Minister of Finance has called for regulators at the recently-conducted meeting of the Financial Stability and Development Council to initiate a special drive to facilitate claims of unclaimed deposits across all...
Sebi had issued a detailed guideline for KYC-KRA verification and validation way back in April. Now, it has granted an extension to August 1 to two clauses of the same guideline.
Blacklisting and request by authorities or users are the main reasons for closing accounts, finds a report by crypto exchange WazirX
A UPI transaction takes mere seconds and is the most preferred payment mechanism in India. Here’s how security matches its speed.
A good credit score, reputed institute and accurate documentation are some of the factors that can make the education loan process smoother to study abroad
Experts believe that in the absence of general transaction options, investors will move towards P2P, which involve several risks
Blockchain improves transparency and delivery timeframe of fintech transactions, thus building trust between users and service providers
The central bank has also slapped a fine of Rs 90 lakh on IDBI Bank
Once a KYC is fully validated by a KRA, the investor will get a unique KRA number which will be valid across intermediary platforms
Be aware, be cautious and stay safe. With more accessibility, general insurance fraud is increasing. So, follow these five ways to stay protected from general...
Short-term investors or those who have made losses may move out; long-term investors and HNIs likely to stay invested. Crypto prices may see pressure as...
The last date for linking Permanent Account Number (PAN) with biometric Aadhaar is March 31, 2022. Not adhering to the deadline will lead to PAN becoming...
The EPFO has digitised the entire process of PF withdrawal. One just has to update the KYC details with Aadhar, PAN and UAN to withdraw or transfer PF smoothly
A Marathi actress entered her banking details which a fraudster used to dupe her of Rs 1.48 lakh. However, after visiting the Airtel shop she was told that no...
AAX offers the quickest way to buy bitcoin with fiat currency. Do you know that you can get 110 USDT completely free when you create an account on aax.com?
