Unlocking ₹1 L cr unclaimed bank deposit coffer
The New Indian Express Hyderabad|December 09, 2024
New Banking Act along with recent RBI circular may make it easier for depositors to claim money stuck with banks
BENN KOCHUVEEDAN @Mumbai
Unlocking ₹1 L cr unclaimed bank deposit coffer

THE Lok Sabha last week passed a slew of amendments to the banking laws, by bringing in as many as 19 amendments to the existing pieces of legislation governing the banking system, including that of the RBI Act. But of the 19 changes introduced, just two of them go a long way in the real service of the common man—those dealing with the inoperative accounts and the unclaimed deposits in banks which together add up to more than a ₹1 lakh crore, and those governing the nomination facilities at banks.

هذه القصة مأخوذة من طبعة December 09, 2024 من The New Indian Express Hyderabad.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 09, 2024 من The New Indian Express Hyderabad.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من THE NEW INDIAN EXPRESS HYDERABAD مشاهدة الكل
The New Indian Express Hyderabad

'ARTISTS ARE MEANT TO FACE THE SUFFERING OF THE WORLD'

Actor Andrew Garfield speaks about the privilege of watching non-English film at 21st Marrakech International Film Festival, his collaboration with Luca Guadagnino, and more

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4 mins  |
December 24, 2024
The New Indian Express Hyderabad

Paatal Lok season 2 gets release date

The release date of Paatal Lok season 2 has been unveiled.

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1 min  |
December 24, 2024
The New Indian Express Hyderabad

Bid to outshine Akhanda, and Legend

The team behind the highly anticipated action entertainer Daaku Maharaaj, featuring Nandamuri Balakrishna, recently engaged with the media to share insights about the film.

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2 mins  |
December 24, 2024
The New Indian Express Hyderabad

Art Evans passes away at 82

RT Evans, who starred in films such as Fright Night, Die Hard 2 and A Soldier's Story, passed away in the presence of his family on December 21. Evans was 82.

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1 min  |
December 24, 2024
The New Indian Express Hyderabad

Rustic charm meets Indian spice

Create kitchens that feel like home - cosy, functional, and full of stories. Experts decode the perfect Cottagecore kitchen for CE

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3 mins  |
December 24, 2024
The New Indian Express Hyderabad

One for serial plant killers

THE GREEN MANUAL

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1 min  |
December 24, 2024
The New Indian Express Hyderabad

MEDAK'S UNFORGOTTEN LEGACY

In 1924, Christian missionary Charles Walker Posnett built Medak Cathedral. As the church celebrates 100 years, his grandson Dickon Walker Posnett speaks to CE about this iconic structure, its history, and more

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2 mins  |
December 24, 2024
The New Indian Express Hyderabad

A SLIPPERY SLOPE & SILENT EPIDEMIC

Identify Signs, Lend a Hand

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4 mins  |
December 24, 2024
The New Indian Express Hyderabad

GREEN CORNER IN BOXING DAY BOUT

MCG curator says grass on the surface should excite pacers

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4 mins  |
December 24, 2024
The New Indian Express Hyderabad

Beau is not afraid of Test challenges

IMAGINE being Beau Webster. You had just helped Tasmania beat New South Wales at the Sydney Cricket Ground in the Sheffield Shield game around late November. A 61 and 49 with the bat while taking five wickets across two innings. You get called up as cover for Mitchell Marsh ahead of the pink ball Test against India.

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3 mins  |
December 24, 2024