Tag: accounts
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RBI allows minors over 10 years to operate bank accounts independently in India
India's central bank, the Reserve Bank of India (RBI), announced on Monday, April 21, that minors above the age of 10 will be able...
Banks seek RBI nod for getting authority to freeze accounts making illegal transactions. Here’s why
Banks are on the quest to get the authority from the RBI to freeze accounts that are used in channelling illicit transactions.
Banks can freeze...
34% of families unable to access bank accounts online, 63% face KYC and login issues: Survey
A recent survey has revealed that 34% of families in India have at least one bank account they cannot access online, citing issues such...
