Read all account documents, ask questions, and conduct basic due diligence before agreeing to become a joint holder.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries
Underlining that students are the "architects of India's future," President Droupadi Murmu on Friday said the government is taking comprehensive steps to reform public examinations to completely curb paper leaks and unfair means, making the system transparent, secure, and trustworthy.
Police in Meerut have arrested two individuals for allegedly running a fake Common Service Centre (CSC) to open fraudulent bank accounts using forged documents of unsuspecting, needy people. The accused used these accounts for online financial frauds, leading to the recovery of numerous fake IDs, bank cards, and other incriminating evidence.
In her address to the nation on the eve of the country's 80th Independence Day, the president stressed that just as government and society remain united to ensure national security, everyone must contribute through joint and concerted efforts to safeguard the present and future of students.
Hyderabad Police Commissioner V C Sajjanar has proposed a Joint Working Group with the RBI and banks to address the issue of mule bank accounts used in cyber fraud. The proposal follows 'Operation Octopus,' which exposed vulnerabilities in KYC verification. Sajjanar also recommended strict directives for banks to fix accountability and adopt advanced technology to detect suspicious transactions.
Whenever possible, the karta or head of the family should openly discuss the future distribution of movable and immovable property with all legal heirs.
'Always keep accurate and transparent records of the source of the investment or property's funding: Loan agreements, transfer records of the property, and bank statements of co-owners if available.'
Beginning November 1, 2025, bank customers can name up to four nominees for their accounts and lockers.
The I-T department has been probing 240 HSBC cases where it is suspected that Indians have stashed their illicit funds abroad.
Ramalingam Kalirajan offers some easy steps to reactivate your accounts with banks like SBI, HDFC Bank, IDFC First Bank and PNB just so that you can start availing all the benefits linked to your account.
The police received a letter from Dey's daughter Sumita accusing the singer's nephew, with whom he had a joint account and a locker in a bank in Kolkata.
The tax department has created many circular traps -- flawed reporting formats, penalties for those who point out the flaws, and faceless assessors with no accountability. The result: Millions of taxpayers face needless harassment and procedural dead ends, highlights Harsh Roongta.
How can you access the bank account of an incapacitated person?
Finance Minister Nirmala Sitharaman on Tuesday asked fintech firms to focus on risk management at a time when criminals are using AI to mimic voices, clone identities and create lifelike videos to manipulate people.
'Despite rising inflows, many NRIs lack awareness about NRO and NRE accounts and mistakenly use family accounts or invest in a relative's name.' 'Many are unaware of tax implications.'
Three or four accounts are enough for one family. Having more increases paperwork and can be misused as well.
SBI introduced this products three months after the Reserve Bank issued guidelines allowing minors over 10 years to operate bank savings accounts independently and use facilities such as automated teller machines and cheque books.
The move is aimed at making transmission of securities in both dematerialised and physical modes more efficient and investor friendly.
Taxpayers will have to disclose all bank accounts held by them in India.
The bank can declare a withdrawal by you as illegal and deny any remedy in case a problem arises.
Each financial product is governed by a different regulator and the rules for gifting vary, points out Tinesh Bhasin.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The Indian government is planning to repeal a 65-year-old law that disqualifies MPs for holding office of profit and introduce a new one aligned with current needs. The draft bill proposes to simplify the existing law, remove the negative list of offices that cause disqualification, and address conflicts with other statutes. It also seeks to empower the central government to amend the schedule of offices by issuing a notification, replacing the existing provision for temporary suspension of disqualification.
Digital gold is gold purchased online from various platforms including Paytm or Google Pay and stored in your online account.
Existing mutual fund investors have time till March 31 to nominate a beneficiary or opt out of it by submitting a declaration form, failing which their folios will be frozen, and they will not be able to redeem investment. The Securities and Exchange Board of India (Sebi), in its circular on June 15, 2022, made it mandatory for mutual fund subscribers to submit the nomination details or declaration to opt out of the nomination on or after August 1, 2022. Later, the deadline was extended to October 1, 2022.
Nominations and addresses are of paramount importance in bank accounts, insurance policies, mutual funds, etc.
The leaked files relate to accounts holding more than $100 billion, as per ICIJ.
If the nominations are not in place, the heirs need to go through a lengthy process to get access to the money cautions Bindisha Sarang.
A senior Gujarat police officer has said that Gupta and Pal were hired by the gang of incarcerated gangster Lawrence Bishnoi to open fire at Khan's house.
De-centralised execution should drive the operational concept and support military strategy, under a unified command architecture. Enablers and technology need to be positioned first for such an activity to be undertaken, recommends Lieutenant General Anil Chait (retd).
The ITR forms were put on hold by the ministry last month.
There is a proposal from the BJP camp that they would resort to a proportion-based increase in the number of Lok Sabha seats for individual states, based on what they now have. On the face of it, this sounds like a fine argument that those demanding a 'freeze' now cannot oppose without reasons and justification, avers N Sathiya Moorthy.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
India and Singapore had in 2013 amended the DTAA to help exchange banking and tax-related information more effectively.
The Public Provident Fund is one of the safest and convenient modes of investment.
Notice for ticket holders ahead of Durand Cup semis Kolkata
TV footage showed Zardari coming out of his house and embracing his younger daughter Aseefa before getting into a black Landcruiser.
Tax department has launched 60 prosecutions.
Sujata Ahlawat, Senior Vice President and Head of Direct-to-Consumer Interactive, TransUnion CIBIL, offers a quick glimpse into what a CIBIL Score is, the factors that impact it, and tips for maintaining a healthy score.
