News Muncher - category kyc

2 days, 21 hours ago

How tourists and NRIs can use UPI without an Indian bank account to make payments

Imagine landing in India, ready to admire the Taj Mahal, shop in the local markets of Mumbai, take in the stunning views of Manali’s snow-capped mountains or enjoy a peaceful houseboat cruise in the backwaters of Kerala – all without fumbling for cash or worrying if your forex cards will be accepted for payments. Thanks to UPI One World, foreign …

World Payments Indian Bank Process Foreign Users

5 days, 9 hours ago

Digital arrest to illegal parcels, here is how Indians are being scammed by cyber criminals

India Today

India is witnessing an alarming rise in online fraud, with cyber scammers employing new and sophisticated tactics to exploit unsuspecting individuals. Thousands of people have lost lakhs and crores to cyber scammers, who lure their victims under the pretext of work-from-home jobs, updating KYC through links, and in some cases by threatening people with with the so-called "digital arrest.” To …

India Money Investment Victims Digital Scammers Digital Arrest

1 week, 1 day ago

Market leaders urge finance minister to take liquidity-boosting measures in upcoming budget

Live Mint

New Delhi: Industry leaders from the capital market and financial sector urged measures to boost liquidity in the market and cut taxes on fixed deposit products in pre-budget consultations with finance minister Nirmala Sitharaman on Thursday. The proposals made by the capital market and financial sector included suggestions to align the taxation of fixed deposit products with that of equity …

Finance India Market Budget Sector Finance Minister Nirmala Sitharaman

1 week, 2 days ago

Indira Rajaraman: It pays to track of popular perceptions of public policy

Live Mint

Public policy is so termed because it is done for us the people, the public. The Reserve Bank of India conducts a six-monthly survey of 3-month and 1-year ahead inflation expectations, termed Subjective Inflation Expectations in the economics literature. The average expectation across households in the sample, hovering around 10 % over the last ten years, has consistently remained well …

Inflation Public Policy Public Rbi Expectations Kyc Popular Perceptions

1 week, 2 days ago

Techie working with DRDO loses Rs 13 lakh while updating KYC for bank

India Today

In yet another case of cyber fraud, scammers managed to dupe a techie of Rs 13 lakh. The victim, employed as a senior technical officer at the Defence Research and Development Organisation in Pune, was contacted by unknown individuals regarding a supposed KYC update linked to his bank account. In his complaint, the victim revealed that in the third week …

Victim Bank File Message Kyc His Bank Account

1 week, 4 days ago

Man loses Rs 87,000 after applying for loan, here is what happened

India Today

Lately, scams have been on the rise, and despite widespread awareness of how to avoid them, many people continue to fall victim to these fraudulent schemes. The victim, Sarabjit Singh, a resident of Kaille village in the Sudhar area, had applied for a loan of Rs 2 lakh through the Flipkart app. According to ASI Jagroop Singh, an FIR has …

Loan App Flipkart Kyc Loses Rs

2 weeks, 2 days ago

How to choose a crypto-trading platform for investing in digital assets

Live Mint

Bitcoin breached the $100,000 milestone on 17 December, reaching an all-time high of $108,309, thanks to US President-elect Donald Trump’s support for digital assets. Mint compares the three widely used exchanges in India—CoinDCX, CoinSwitch, and Mudrex—based on key parameters, such as the time taken to complete the know-your-customer verification, process to start investing, minimum investment amounts, investor protection measures, user …

India Investing Tax Crypto Assets Digital Bitcoin

2 weeks, 5 days ago

10 ways you could get scammed by cyber criminals, SBI advisory warns

Hindustan Times

The State Bank of India has issued an advisory which details the possible ways by which fraudsters can trick people. Cyber crimes are rising across the country 10 common cybercrime tricks 1) TRAI phone scam Some cyber criminals may pose as Telecom Regulatory Authority of India officials and threaten to suspend your mobile services, alleging illegal activities or KYC non-compliance. …

Bank Scam Fraudsters Ask Kyc Trai

3 weeks, 1 day ago

Instant personal loan apps: 6 ways to distinguish real from fake

Live Mint

Instant loan apps have transformed the lending scenario by providing quick and easy access to finances with just a few clicks on your phone. Check out a few tips to distinguish genuine instant loan apps 1. Few signs of fraudulent instant loan apps Lack of KYC Know Your Customer or KYC process is used by lenders to verify the identity …

Apps Reviews App Rbi Kyc Your Loan Contact Details

3 weeks, 4 days ago

How integrating PAN 2.0 with Aadhaar and ‘e-Rupee’ can streamline investments and KYC

Live Mint

On your last vacation, remember the number of times you had to show your physical Aadhaar card and Permanent Account Number card to comply with know-your-customer norms at hotels and airports? Integrating the Aadhaar card’s address details in the dynamic QR code can make PAN 2.0 a universally acceptable single-point identity and address proof identifier for investments across asset classes. …

Aadhaar Digital Card Physical Rbi Code Pan

3 weeks, 4 days ago

Dormant account? Here's how to easily reactivate it at SBI, PNB and 2 more banks

India Today

When a bank account remains inactive for over two years, it is classified as inoperative or dormant. With simple steps, however, you can keep your account active or reactivate it without hassle. TIPS TO PREVENT YOUR ACCOUNT FROM BECOMING INOPERATIVE To keep your account active and avoid unnecessary hassle: Conduct at least one transaction every two years. Punjab National Bank …

Bank Account Your Account Active Pnb Sbi Kyc

4 weeks, 2 days ago

Instant Personal Loan: How does digital KYC expedite the approval process? Find out

Live Mint

Over the past few years, the finance sector has witnessed technological advancements in almost all aspects of their working. How does digital KYC transforms instant personal loan approval process Seamless integration with loan portals: Online loan application and approval processes rely on digital KYC and verifies your identity in real time with the help of Aadhar card and Pan card …

Personal Digital Application Loan Process Approval Kyc

1 month ago

Asset reconstruction companies see spike in unsecured loan sales by lenders

Live Mint

Mumbai: Asset reconstruction companies are seeing a spike in the sale of bad debt in the unsecured retail loan portfolios of banks and non-banks, as stress rises in the microfinance and personal loan segments. Banks and non-bank lenders have been putting up more unsecured retail loans for sale to asset reconstruction companies over the past six months. Another challenge is …

Reconstruction Companies Loans Loan Rbi Banks Asset

RBI Directs Banks To Cut Down Inoperative Accounts, Submit Quarterly Reports

ABP News

The Reserve Bank of India urged banks on Monday to "urgently" take steps to reduce the number of inoperative or frozen accounts and report their numbers quarterly. The RBI urged banks to adopt an "empathetic view" in these situations and suggested that they organise special campaigns to help activate inoperative or frozen accounts. The RBI also noted that some banks …

Rbi Customer Accounts Frozen Kyc Inoperative Inoperative Accounts

1 month, 1 week ago

RBI directs banks to urgently reduce inoperative accounts, report their numbers quarterly

India TV News

The Reserve Bank of India has directed banks to take immediate action to reduce the number of inoperative or frozen accounts and report their status quarterly. Banks urged to prioritise customer convenience Asking banks to take an "empathetic view" in such cases, the notification said banks may also organise special campaigns for facilitating the activation of inoperative/frozen accounts. "Reportedly, there …

Rbi Customer Accounts Frozen Kyc Such Accounts Inoperative

1 month, 2 weeks ago

EPFO news: EPF claim settlements up 21% in November. Are your claims rejected? Tips to avoid rejection

Live Mint

The Employee Provident Fund allows employees to save on taxes on their contributions and provides decent returns. Indicating an improvement in the EPF claims settlement process, EPFO on Thursday said that the combined rejection and return ratio of EPF claims was 21.59 per cent as of November 26, 2024. Despite some improvement, EPF claim rejections continue to be a major …

Claims Rejection Epfo Claim Rejected Kyc Epf

1 month, 3 weeks ago

Have you validated your Mutual Fund KYC yet?

Live Mint

After days of painstaking research on the right funds, you are finally ready to invest in a mutual fund. The latest episode of Mint Money Shots, presented by Invesco Mutual Fund, saw Assistant Editor at Mint, Aprajita Sharma, delve into why validating your KYC is crucial for Mutual Funds. Just follow the steps mentioned below: · Visit any mutual funds …

Aadhaar Investment Mutual Funds Status Sharma Funds Invest

1 month, 3 weeks ago

Personal loan application: How does credit score matter and what are the other factors considered?

Live Mint

Before applying for a personal loan with any bank, NBFC, or fintech, make sure you check the eligibility criteria. The higher the credit score, the better the chances of the personal loan getting approved, provided the applicant fulfils the other eligibility criteria. Some banks and NBFCs may consider personal loan applications with a lower credit score and approve them on …

Personal Credit Personal Loans Bank Application Loan Income

1 month, 3 weeks ago

PM Jan Dhan account: Here's how you can update KYC with SBI, PNB, ICICI Bank, Canara Bank

India TV News

The Pradhan Mantri Jan Dhan Yojana is a national financial inclusion initiative launched by the Government of India to ensure that every citizen has access to basic banking facilities. In this article, we will explain how to update KYC details in PM Jan Dhan accounts with some of the leading banks like State Bank of India, Punjab National Bank, ICICI …

Aadhaar Process Form Jan Icici Icici Bank Account

1 month, 3 weeks ago

The collateral damage in RBI’s crackdown on loan frenzy, KYC

Live Mint

Mumbai: The Reserve Bank of India’s push for stricter compliance with know-your-customer norms, and its crackdown against the ‘exuberance’ in personal loans have had an unlikely fallout: a dip in demand for off-roll workers. During TeamLease’s Q2 analyst call, Narayan had said that the company’s December quarter can be muted “on the backlog of caution in the BFSI sector…" A …

Business Employees Loans Loan Rbi Banks Lenders

1 month, 3 weeks ago

Rejected for a personal loan or credit card? 5 reasons your application might fail

Live Mint

Your credit score is a report card of your credit history and creditworthiness. Banks and NBFCs consider 750 and above a good credit score for approving credit card and personal loan applications. Factors considered for approving credit applications apart from credit score Some of the reasons why your credit card or personal loan may be rejected even after having a …

Credit Bank Credit Card Eligibility Application Personal Loan Income

1 month, 3 weeks ago

Eight arrested in Mumbai share trading scam involving illegal SIM cards

Hindustan Times

Mumbai: The Mumbai Central cyber police have arrested eight individuals, including six mobile service provider employees and two shopkeepers, in connection with a cyber fraud scheme that deceived numerous people through fraudulent share market investments. The Mumbai Central cyber police have arrested eight individuals, including six mobile service provider employees and two shopkeepers, in connection with a cyber fraud scheme. …

Victim Share Sim Cyber Colaba Kyc Central Mumbai

1 month, 3 weeks ago

How to open demat or trading account for minors | Step-by-step guide

India TV News

Demat or trading account for minors: Since there is no specific age restriction for opening a demat account, it can be opened in a minor’s name by their parent or legal guardian. Documents required for opening minor's demat account: Guardian's Documents: PAN Card of the parent. Provide KYC Documents: Submit the necessary KYC documents, which usually include identity proof and …

Documents Card Open Form Guardian Account Pan

1 month, 4 weeks ago

Supreme Court To Hear Plea Of Acid Attack Survivors' Challenges To Complete 'Live Photograph' Requirement Of e-KYC Process

Live Law

The Supreme Court yesterday briefly heard a petition seeing guidelines for an inclusive KYC process for acid attack survivors and persons with permanent eye damage. In this, petitioners sought directions to the Central authorities for framing appropriate guidelines providing for alternative methods to conduct the Digital KYC/e-KYC process for acid attack survivors suffering from permanent eye-disfigurement or eye burns, with …

Court Digital Attack Hear Acid Petition Dot

Filters

Articles for Kyc

How tourists and NRIs can use UPI without an Indian bank account to make payments

Digital arrest to illegal parcels, here is how Indians are being scammed by cyber criminals

Market leaders urge finance minister to take liquidity-boosting measures in upcoming budget

Indira Rajaraman: It pays to track of popular perceptions of public policy

Techie working with DRDO loses Rs 13 lakh while updating KYC for bank

Man loses Rs 87,000 after applying for loan, here is what happened

How to choose a crypto-trading platform for investing in digital assets

10 ways you could get scammed by cyber criminals, SBI advisory warns

Instant personal loan apps: 6 ways to distinguish real from fake

How integrating PAN 2.0 with Aadhaar and ‘e-Rupee’ can streamline investments and KYC

Dormant account? Here's how to easily reactivate it at SBI, PNB and 2 more banks

Instant Personal Loan: How does digital KYC expedite the approval process? Find out

Asset reconstruction companies see spike in unsecured loan sales by lenders

RBI Directs Banks To Cut Down Inoperative Accounts, Submit Quarterly Reports

RBI directs banks to urgently reduce inoperative accounts, report their numbers quarterly

EPFO news: EPF claim settlements up 21% in November. Are your claims rejected? Tips to avoid rejection

Have you validated your Mutual Fund KYC yet?

Personal loan application: How does credit score matter and what are the other factors considered?

PM Jan Dhan account: Here's how you can update KYC with SBI, PNB, ICICI Bank, Canara Bank

The collateral damage in RBI’s crackdown on loan frenzy, KYC

Rejected for a personal loan or credit card? 5 reasons your application might fail

Eight arrested in Mumbai share trading scam involving illegal SIM cards

How to open demat or trading account for minors | Step-by-step guide

Supreme Court To Hear Plea Of Acid Attack Survivors' Challenges To Complete 'Live Photograph' Requirement Of e-KYC Process