Managing money across borders can be tricky for non-resident Indians (NRIs), especially since they are not allowed to open regular savings accounts in India. To meet their unique needs, banks offer two specialised options — the Non-Resident External (NRE) account and the Non-Resident Ordinary (NRO) account. While both accounts can be held simultaneously, their purpose…
NEW DELHI: The Directorate of Enforcement (ED), Gurugram Zonal Office, busted a scam where a group of youngsters started illegal call centers and cheated US citizens for more than $15 million (over Rs 130 crore) in just 2-3 years.On Wednesday, the ED carried out search operations at seven locations in Gurugram and New Delhi, under…
Representational AI image A 71-year-old woman from Mumbai allegedly lost Rs 18.5 lakh from her bank accounts after trying to order a litre of milk online, police said. The woman, who lives in Wadala, was duped of her entire savings earlier this month. On August 4, she received a call from a man who introduced…
America’s Education Freedom Accounts programme New Hampshire’s Education Freedom Accounts (EFA) programme has quickly evolved into one of the most expansive school voucher systems in the U.S. The initiative allows eligible families to use public funds for private schooling, homeschooling, tutoring, and educational materials, bypassing the traditional public school route.From just over 5,300 students in…
The Department of Posts has rolled out Aadhaar-based biometric e-KYC services for Recurring Deposit (RD) and Public Provident Fund (PPF) schemes, further widening the scope of paperless account operations across its small savings portfolio. This marks a major expansion of the facility, which was previously available only for select schemes like the Monthly Income Scheme…
Foreign students must share online profiles as US restarts visa interviews. (AI Image) The US State Department announced on June 18, 2025, that it is resuming the processing of student visas for foreign nationals. However, a new policy now requires all applicants to grant full access to their social media accounts as part of an…
The Institute of Chartered Accountants of India (ICAI) has begun reviewing the financial statements of IndusInd Bank and Gensol Engineering and expects the process to take at least six months before any action is taken against auditors for alleged lapses.ICAI president Charanjot Singh Nanda said the review is being handled by the Financial Reporting Review…
RBI ने बंद पड़े बैंक अकाउंट की KYC कराने के लिए नए निर्देश जारी किए हैं, जिससे अब बैंक अकाउंट की KYC करना और भी आसान हो जाएगा. RBI ने नए नियमों के मुताबिक, अब ग्राहकों को अपने बैंक अकाउंट की KYC करने के लिए बैंक की उसी ब्रांच में जाने की जरूरत नहीं पड़ेगी,…
US President Donald Trump on Monday unveiled a new federal initiative that would provide every newborn American with a $1,000 government-funded investment account — a signature component of what he calls “the One Big Beautiful Bill.” The accounts, branded as “Trump Accounts,” aim to foster long-term financial growth for the next generation and are already…
Sakshi Gupta had gained unauthorised access to more than 110 accounts of 41 customers and executed multiple illegal transactions. Rs 4.58 crore siphoned off – over 100 accounts of customers accessed – fixed deposits broken: This is not some movie plot – it’s a stunning fraud that a former ICICI Bank relationship manager pulled off!…