NEWS & ADVICE : PERSONAL LOAN
Customer account information to be provided by Co-op Banks
By Vaibhav Aggarwal
Nov 28, 2013
Print    Email    RSS   

As a component of all India head to keep an eye on dark cash, unlawful transactions and cash laundering, notices have been issued by the Income Tax (IT) Department to around 1,100 cooperative banks and credit social orders in the state. As per sources, I-T section has requested the cooperative banks to provide the details of customers who have deposits in cash which is over Rs.5 lakhs to outfit the items of the measure. The information assembled by I-T authorities will be transferred on the central server. When the information is accessible, the officers will experience it to check for suspicious transactions.

As per the standards which the RBI has issued to the banks in the nation, the IT Department is conducting the drive. RBI had penalized national banks for not sticking to KYC standards. I-T section had also issued perceives to goldsmiths over the state to give details of the bullion they had purchased.


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
A chronicle of excesses by loan recovery...
Credit profile and its effect on loan...
Getting the best rates on your personal...
Central Bank of India ordered to return...
Bankers concerned on RBI loan recovery...


i got call from your side and my reference no is...
SIR/MADAM MY SELF PRIYA SHARMA PAN CARD FFTPS3791P...
SANGRUR: CaℒL Giℛℒ In Bathinda 09855660911...
How to check cibil score with apan card free online

NEWS THIS WEEK
LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive