Bank Transfers

Starting November 1, a number of changes will come into effect that will affect the day-to-day lives of people across the country. These changes encompass diverse domains, especially financial regulations.

A 47-year-old Indian national has been sentenced to nine weeks' jail by a Singapore court after he failed to return SGD 25,000 (Rs 16 lakh approximately) mistakenly transferred to his bank account, despite knowing the money did not belong to him.

To retrieve money transferred to an unintended individual, you must prove that the funds were sent unintentionally. Once proven, the bank is responsible for reversing the transaction.

The Reserve Bank of India imposed a penalty of Rs 2.41 crore (nearly $288,000) on Visa in relation to its usage of an unauthorised payment transfer method, the central bank said on Friday.

The Special Investigation Team of Mumbai Police probing the Ghatkopar hoarding collapse case has found that advertising firm Ego Media allegedly transferred Rs 82 lakh to the bank accounts of some people linked to Arshad Khan

In a major cyber heist, over Rs 16 crore was cleaned out of Nainital Bank's Noida branch after its servers were hacked and money was transferred to 89 different accounts.

The Reserve Bank of India transferred 100 metric tonnes of gold from the United Kingdom to domestic vaults in FY24, making it one of the largest gold movements since 1991, according to reports.

The Reserve Bank of India (RBI) is likely to transfer approximately Rs 1000 billion to the government IN FY25 according to a report by Union Bank of India.

The US Treasury Department unveiled sanctions against a network of companies and individuals Friday for facilitating illegal technology transfers from dozens of US firms to Iranian entities, including the country's central bank.

Flipkart launched the Unified Payments Interface (UPI) service in collaboration with Axis Bank. The Flipkart UPI will be initially available for Android users and can be used for online and offline payments. With the latest update, customers can now pay bills and make fund transfers directly from the Flipkart app.

The Congress on Wednesday claimed the Income Tax Department had withdrawn Rs 65 crore from three of its accounts - towards a "unprecedented" tax demand of Rs 210 crore - despite the claim currently being heard by a tribunal.

India's central bank has asked Visa and Mastercard to stop card-based business-to-business payments such as rents or money transfer to vendors routed through third party fintech firms, according to two sources familiar with the matter.

Launched as part of the National Education Policy (NEP 2020), the Automated Permanent Academic Account Registry (APAAR) now makes registering on the Academic Bank of Credits (ABC) mandatory for all college/university students.

West Bengal Chief Minister Mamata Banerjee on Saturday announced that her government would transfer funds to the bank accounts of 21 lakh unpaid MGNREGA workers in the state by February 21.

The Reserve Bank of India has taken action against Paytm Payments Bank after it directed the bank to not onboard new customers over supervisory concerns.

Starting November 1, a number of changes will come into effect that will affect the day-to-day lives of people across the country. These changes encompass diverse domains, especially financial regulations.

A 47-year-old Indian national has been sentenced to nine weeks' jail by a Singapore court after he failed to return SGD 25,000 (Rs 16 lakh approximately) mistakenly transferred to his bank account, despite knowing the money did not belong to him.

To retrieve money transferred to an unintended individual, you must prove that the funds were sent unintentionally. Once proven, the bank is responsible for reversing the transaction.

The Reserve Bank of India imposed a penalty of Rs 2.41 crore (nearly $288,000) on Visa in relation to its usage of an unauthorised payment transfer method, the central bank said on Friday.

The Special Investigation Team of Mumbai Police probing the Ghatkopar hoarding collapse case has found that advertising firm Ego Media allegedly transferred Rs 82 lakh to the bank accounts of some people linked to Arshad Khan

In a major cyber heist, over Rs 16 crore was cleaned out of Nainital Bank's Noida branch after its servers were hacked and money was transferred to 89 different accounts.

The Reserve Bank of India transferred 100 metric tonnes of gold from the United Kingdom to domestic vaults in FY24, making it one of the largest gold movements since 1991, according to reports.

The Reserve Bank of India (RBI) is likely to transfer approximately Rs 1000 billion to the government IN FY25 according to a report by Union Bank of India.

The US Treasury Department unveiled sanctions against a network of companies and individuals Friday for facilitating illegal technology transfers from dozens of US firms to Iranian entities, including the country's central bank.

Flipkart launched the Unified Payments Interface (UPI) service in collaboration with Axis Bank. The Flipkart UPI will be initially available for Android users and can be used for online and offline payments. With the latest update, customers can now pay bills and make fund transfers directly from the Flipkart app.

The Congress on Wednesday claimed the Income Tax Department had withdrawn Rs 65 crore from three of its accounts - towards a "unprecedented" tax demand of Rs 210 crore - despite the claim currently being heard by a tribunal.

India's central bank has asked Visa and Mastercard to stop card-based business-to-business payments such as rents or money transfer to vendors routed through third party fintech firms, according to two sources familiar with the matter.

Launched as part of the National Education Policy (NEP 2020), the Automated Permanent Academic Account Registry (APAAR) now makes registering on the Academic Bank of Credits (ABC) mandatory for all college/university students.

West Bengal Chief Minister Mamata Banerjee on Saturday announced that her government would transfer funds to the bank accounts of 21 lakh unpaid MGNREGA workers in the state by February 21.

The Reserve Bank of India has taken action against Paytm Payments Bank after it directed the bank to not onboard new customers over supervisory concerns.