Tag: Kyc

Bhubaneswar: If you have opened your bank account between July 2014 and August 2015 and do not want your account to be blocked by the bank, rush to the bank to link your account to your Aadhar number. The Income Tax department has declared on Tuesday, accounts opened in the said period have to submit […]

Bhubaneswar: Taking note of the difficulties in crop loan dispensation, payment of paddy procurement proceeds and day-to-day functioning of Primary Agriculture Cooperative Societies (PACS) in the state due to demonetisation, the Odisha government has urged the Prime Minister for his urgent intervention. In a letter to Prime Minister Narendra Modi today, chief minister Naveen Patnaik […]

Mumbai: The Reserve Bank of India (RBI) has imposed a penalty of Rs 3 crore on private sector Axis Bank for violation of non-performing asset (NPA) classification norms, and Rs 2 crore on state-run Indian Overseas Bank (IOB) for not complying with the Know Your Customer (KYC) regulations, the banking regulator said on Monday. A […]

Kendrapara: The hitherto dormant Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts in nationalised banks have now sprung to life and are flush with cash in several parts of Odisha, thanks to demonetisation drive. The post offices are also witnessing sudden upsurge of deposits of scrapped notes with inoperative accounts being made operational by account holders […]

Mumbai: The Reserve Bank of India did not stop at providing liquidity enhancement measures to tackle the current economic strain unleashed by the resurgence of a Covid-19 wave. It also…

For opening a bank account, someone needs to undergo know-your-customer (KYC) verification. The Reserve Bank of India (RBI) has simplified the KYC documentation allowing submission of a single document with photograph and address. The documents approved for KYC include passport, driving licence, voter ID card, PAN card, Aadhaar and job card. But in a recent […]