Banking & Finance News

PMLA: Banks to now match original IDs with photocopies

PMLA: Banks to now match original IDs with photocopies

The Government has made it mandatory for banks and financial institutions to check the original identification documents of individuals dealing in cash above the prescribed threshold, to weed out the use of forged or fake copies.

Modi government backs small savings, allows banks to sell more schemes like NSC, recurring deposits
Modi government backs small savings, allows banks to sell more schemes like NSC, recurring deposits

In order to encourage savings, the government has allowed banks, including top three private sector lenders, to accept deposits under various small savings schemes like National Savings Certificate (NSC), recurring deposits and monthly income plan.

Horoscope: By Peter Vidal

Today ( 23 Oct )This Week ( 22 Oct - 28 Oct )

SAGITTARIUS Your creative energy should now be at a peak, but not perhaps because the stars are all on your side. On the contrary, challenging romantic stars remind us of the cliché that all great art stems from… read more