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Bank fined 10K for giving man's account statement to wife in Ahmedabad
Monday, December 10, 2018, 1:29 PM
A district consumer forum in Ahmedabad has ordered Indian Overseas Bank to pay Rs.10,000 to a customer for sharing his bank details with his wife. The customer sued the bank for furnishing three years' account statement to his wife without consulting him. The man, who has a matrimonial dispute pending, argued his wife could use it against him at court.
GST on banks' 'free services' may be passed on to customers
Friday, November 30, 2018, 11:40 AM
Faced with the prospect of paying GST on 'free services' provided to customers who maintain a minimum balance in their accounts, top lenders including State Bank of India, ICICI Bank and HDFC Bank are considering passing on this cost to them. Most of the major banks have agreed to start charging 18% GST on the free services, according to people familiar with the matter.
How to Teach Kids to Save Money?
Monday, September 3, 2018, 8:07 AM
Saving money is one of the most important aspects of building wealth and having a secure financial foundation. Yet many of us have learned the importance of saving money through trial and error, and more importantly, experience. There are ways to empower the next-generation, and that starts by teaching children the importance of saving from a young age.
