Anything Is Live

  Citing RBI circular, banks have been refusing early withdrawal of FDs.  Activist says banks have not created awareness about it among depositors Banks will allow premature withdrawal by the surviving depositor in the case of joint fixed deposit and term deposit accounts in the event of the death of one of the two, only if there is a joint mandate from the depositors to do so as per the Reserve Bank of India (RBI) guidelines, which many customers are not aware of. Consumer activist T. Sadagopan said there had been recent instances where the surviving depositors had approached banks for early withdrawal of fixed deposit accounts due to the death of the other account holder. Their requests had been rejected by banks citing the RBI guidelines. In the case of joint fixed deposit and term deposit accounts, the joint holders choose between two mandates, “Either or Survivor” and “Former or Survivor”. In case of “Either or Survivor”, both the holders can operate the account while in ...

  Before starting internet banking facility on your POSB account one needs to sort out a few things. Other than an active post office bank account you will need an active mobile number. Make sure all KYC documents in order. Also, you need a PAN number and an email ID for communication.  Post office savings scheme is among the many secure options for those who seek a higher rate of interest compared to banks. Post office investments schemes such as NSC, PPF and KVP offer a handsome rate of interest. Post Office Savings Bank (POSB) accounts have reinvented themselves with the changing times. One can now easily transfer funds from the Post Office accounts using internet banking. Before starting internet banking facility on your POSB account one needs to sort out a few things. Other than an active post office bank account you will need an active mobile number. Make sure all KYC documents in order. Also, you need a PAN number and an email ID for communication  Now, download th...

  Enhancement of limit of maximum balance per customer at end of the day from ₹1 lakh to ₹2 lakh – Payments Banks (PBs)

  DOP Internet Banking - FAQs     1. What is the URL for DOP internet Banking? The URL for accessing DOP Internet Banking is  https://ebanking.indiapost.gov.in ​ ·           2. What are the pre-requisites for availing DOP Internet Banking? o      Valid Active Single or Joint "B" Savings account standing at CBS Sub Post Office or Head Post Office. o      Accounts standing at Branch Post Office are not eligible for availing Internet banking facility. o      Provide necessary KYC documents, if not already submitted o      Valid unique mobile number o      Email address o      PAN number ​ ·           3. How to register for DOP Internet Banking? Visit your home branch, fill the pre-printed application form and submit with required documents.Your DOP internet b...