bank accounts

Banks open 5.29 crore accounts under Jan Dhan Yojana

Banks have opened a whopping 5.29 crore new accounts so far under the flagship Jan Dhan programme.

Oct 02, 2014, 14:01 PM IST

EPFO makes it mandatory to provide workers' bank a/c numbers

Retirement fund body EPFO made it mandatory for firms to provide their employees' bank account numbers with IFSC code of bank branch to facilitate allotment of universal PF account number and payment to its subscribers.

Sep 18, 2014, 17:51 PM IST

Existing account holders can claim benefits under PMJDY

Government has decided that benefits under Pradhan Mantri Jan Dhan Yojana (PMJDY) would be extended to existing bank account holders provided they apply for it.

Sep 16, 2014, 20:02 PM IST

Jan Dhan scheme to help tackle ponzi menace: Sebi chief

Expecting the government's efforts to expand financial inclusion to help curb ponzi menace, Sebi chief U K Sinha has said that agents, lured by 20-30 percent commissions, have been pushing illicit schemes among gullible investors in the absence of good savings products.

Sep 02, 2014, 17:24 PM IST

Bank A/Cs not inoperative if dividend cheque credited in 2 years

The Reserve Bank Monday said bank accounts will not become inoperative if a dividend cheque has been credited in it in the previous two years.

Sep 01, 2014, 21:06 PM IST

PM Modi launches Jan Dhan Yojana, aims to end financial untouchability

On the inaugural day, a record 1.5 crore bank accounts were opened across the country, the largest such exercise on a single day possibly anywhere in the world.

Aug 28, 2014, 22:45 PM IST

Banking for all to end "financial untouchability": Modi

Prime Minister Narendra Modi promised on Thursday to end "financial untouchability" with a scheme to ensure the majority of households in his country of nearly 1.3 billion people has a bank account within months.

Aug 28, 2014, 21:22 PM IST

Banks must help poor get rid of poisonous debt trap: PM

Prime Minister Narendra Modi on Thursday said that it is the duty of banks to ensure that poor people paying five times more interest than affluent businessmen come out of the poisonous debt trap.

Aug 28, 2014, 20:48 PM IST

PM Modi wants to take RuPay cards to global level

Aiming to take 'RuPay' cards to the international level, Prime Minister Narendra Modi Thursday said the success of financial inclusion scheme Jan Dhan Yojana will pave way for its global acceptance.

Aug 28, 2014, 20:06 PM IST

Narendra Modi launches Jan Dhan Yojana

Narendra Modi launched Jan Dhan Yojana, under which bank accounts and RuPay debit cards with inbuilt insurance cover of Rs 1 lakh will be provided to crores of persons.

Aug 28, 2014, 16:38 PM IST

Narendra Modi to launch Jan Dhan Yojana today; 1 crore bank A/Cs to be opened on day 1

Plans are afoot to open as many as 1 crore bank accounts on the first day of the launch of the Pradhan Mantri Jan Dhan Yojana (PMJDY).

Aug 27, 2014, 20:34 PM IST

RBI releases note, poster on KYC to help public open accounts

Reserve Bank on Tuesday released a note and a poster to increase awareness about Know Your Customer (KYC) norms for opening bank accounts.

Aug 26, 2014, 22:30 PM IST

Jan Dhan Yojna next stage of social, economic development: USIBC

Hailing Prime Minister Narendra Modi's 'Jan Dhan Yojna', the US-India Business Council (USIBC) today described it as an "important step" toward the next stage of India's social and economic development.

Aug 15, 2014, 22:19 PM IST

PM's 'Jan-Dhan Yojana' to boost financial inclusion plan: SBI

State Bank of India on Friday welcomed the 'Jan-Dhan Yojana' launched by Prime Minister Narendra Modi and said it will give a boost to the government's ambitious financial inclusion drive.

Aug 15, 2014, 19:13 PM IST

PM unveils Jan Dhan Yojana to encourage poor to open bank A/c

Seeking to integrate the poor into formal banking channel, Prime Minister Narendra Modi on Friday announced 'Pradhan Mantri Jan Dhan Yojana' under which they will be provided a bank account with the facility of a debit card and a built-in insurance cover of Rs 1 lakh.

Aug 15, 2014, 09:02 AM IST

Independece Day: PM Modi pledges bank accounts for all Indians

Prime Minister Narendra Modi set out plans Friday to ensure all Indians can have a bank account, blaming the high level of suicides among farmers on their inability to pay back money-lenders.

Aug 15, 2014, 08:43 AM IST

Govt to provide at least 2 bank accounts per household

Finance Minister Arun Jaitley held his first meeting with all the heads of public sector banks and financial institutions Thursday on comprehensive financial inclusion agenda.

Jul 31, 2014, 14:05 PM IST

Arun Jaitley to meet heads of PSU banks today

Finance Minister Arun Jaitley will hold his first meeting with all the heads of public sector banks and financial institutions on comprehensive financial inclusion agenda Thursday.

Jul 31, 2014, 09:12 AM IST

Arun Jaitley to meet heads of PSU banks on financial inclusion tomorrow

Finance Minister Arun Jaitley will hold his first meeting with all the heads of public sector banks and financial institutions on comprehensive financial inclusion agenda Thursday.

Jul 30, 2014, 16:28 PM IST

RBI simplifies KYC norms for opening of bank accounts

A bank account can be opened with just one address proof, permanent or local, says an RBI decision that will help migrant workers and employees with transferable jobs who at present face cumbersome procedure to access banking services.

Jun 09, 2014, 18:50 PM IST