accounts

Cyber Police Kashmir Cracks Down on Mule Bank Accounts; 50 Individuals Under Preventive Action, 2 Kingpins Arrested

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Srinagar, April 14, KDC: Cyber Police Station Kashmir Zone, Srinagar has intensified its crackdown on mule bank accounts that are being used to facilitate large-scale cyber fraud and money laundering across the Valley. In a recent development, preventive legal action has been initiated against 50 individuals whose bank accounts were found involved in illicit financial … Read more

Banks want power to freeze mule accounts to stop cyber fraud: Report

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Banks want power to freeze mule accounts to stop cyber fraud: Report

Follow Us on Google News New Delhi, April 13 (IANS) Banks have asked for the power to freeze bank accounts being used for cyber frauds without waiting for court or police approval, according to a report by a working group set up by the Indian Banks’ Association (IBA). At present, banks can only block accounts … Read more

ASEAN accounts for 11 pc of India’s global trade: Centre

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ASEAN accounts for 11 pc of India's global trade: Centre

Follow Us on Google News New Delhi, April 12 (IANS) ASEAN remains a pivotal trade partner for India, accounting for approximately 11 per cent of India’s global trade, the government has said. In the fiscal year 2023-24, bilateral trade between India and ASEAN reached $121 billion, this was conveyed at the 8th meeting of the … Read more

Meta enhances protections on Instagram teen accounts, to extend feature Facebook and Messenger

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Meta enhances protections on Instagram teen accounts, to extend feature Facebook and Messenger

Follow Us on Google News New Delhi, April 11 (IANS) Social media giant Meta on Friday announced the next phase of its teenage safety initiatives in India, with enhanced built-in protections on Instagram. The company also introduced additional protections whereby teenagers under 16 will no longer be able to go live or disable filters that … Read more

Women own 39.2 pc of all bank accounts in India, highest in rural areas: Govt data

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Women own 39.2 pc of all bank accounts in India, highest in rural areas: Govt data

Follow Us on Google News New Delhi, April 6 (IANS) Women own 39.2 per cent of all bank accounts and contribute to 39.7 per cent of total deposits in India and their participation is highest in rural areas, where they make up 42.2 per cent of account holders, the government data showed on Sunday. There … Read more

Govt scraps charges on updating nominee details in PPF accounts

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Govt scraps charges on updating nominee details in PPF accounts

Follow Us on Google News New Delhi, April 3 (IANS) Finance Minister Nirmala Sitharaman announced on Thursday that the government has issued a Gazette Notification to bar financial institutions from levying any charges for modifying or updating nominee details in PPF (Public Provident Fund) accounts. “Recently it was informed that a fee was being levied … Read more

I-T Dept Detects Thousands of Non-PAN Accounts in J&K Bank

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JAMMU: The Investigation Wing of the Income Tax Department has detected thousands of non-PAN (Permanent Account Number) accounts of different categories in several branches of Jammu and Kashmir Bank with transactions of lakhs of crores of rupees with the sole objective of keeping huge quantum of money outside the purview of taxation. Reliable sources said … Read more

Digital arrest: Centre blocks over 3,962 Skype IDs, 83,668 WhatsApp accounts

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Digital arrest: Centre blocks over 3,962 Skype IDs, 83,668 WhatsApp accounts

Follow Us on Google News New Delhi, March 12 (IANS) The Indian Cyber Crime Coordination Centre (I4C) has proactively identified and blocked more than 3,962 Skype IDs and 83,668 WhatsApp accounts used for Digital Arrest scams so far, the Parliament was informed on Wednesday. The I4C under the Ministry of Home Affairs, in collaboration with … Read more